Veterinary Imaging Industry - Regional Synopsis
North American Market Forecast
Veterinary imaging market in North America industry is expected to account for largest revenue share of 40% by 2037 impelled by the rising spending in healthcare. This has led to advancements in diagnostic technologies, leading to a higher demand for veterinary imaging in the region. For instance, from 2021 to 2022, health spending in the US grew by more than 4%, which was a little quicker than the 3% increase from 2020 to 2021. Additionally, every day, car crashes claim the lives of more than 320 million vertebrate animals in the US. Particularly, on American roads, there are over 1 million car accidents involving deer annually.
APAC Market Statistics
The APAC veterinary imaging market is estimated to be the second largest, during the forecast timeframe led by increasing spending on animal health. over the past few decades driven by a rise in pet adoption rates, and increased public awareness this has led to the enhancement of India's animal health system.
