Veterinary CT Scanner Market

The global veterinary CT scanner market is projected to reach USD 173.7 Million by 2022 from USD 122.3 Million in 2017, at a CAGR of 7.3% during the forecast period. The veterinary CT scanner market is emerging and fragmented in nature with various regional and national players. In 2016, GE Healthcare (US), Canon, Inc. (Toshiba Medical Systems Corporation) (Japan), and Samsung Electronics Co. Ltd. (NeuroLogica Corporation) (South Korea) dominated the veterinary CT scanner market.

GE Healthcare dominated the global veterinary CT scanner market in 2016. Through its Healthcare Systems segment, the company offers CT scanners and other diagnostic imaging modalities for human and veterinary practices. The company has a strong CT scanners product portfolio and derives the majority of its revenue from operations in the North American market. It has its major focus on strengthening its presence in emerging markets such as China and other Asia Pacific and African countries for long-term growth. To increase its presence in emerging markets, the company is focusing on strategic partnerships, joint ventures, and collaborations with academic institutes to conduct various training and education programs for healthcare professionals. For instance, in 2016, GE Healthcare and Tata Trusts (India) partnered to train 10,000 youths in various technical areas of healthcare over a three-year period. The GE Healthcare Education Institute (GE HCI) will design, develop, and execute the courses in India.

Canon, Inc. (Toshiba Medical Systems Corporation) held the second position in the global veterinary CT scanner market in 2016. To maintain its position in the market and to cater more market share, the company is highly focused on product launches and product enhancements. For instance, Toshiba Medical Systems Corporation launched the Aquilion ONE/GENESIS Edition and Aquilion Lightning (a 16-row helical CT scanner) in 2016 and 2015, respectively. The growth of the company in the veterinary CT scanner market is driven by new installments in various veterinary hospitals, clinics, and universities. For instance, in September 2015, Toshiba Medical Systems installed its Toshiba Astelion Advance 16-slice CT scanner at a local veterinary clinic within the Pets At Home Store (UK). The store is part of Vets4Pets/Companion Care, the largest veterinary group in the UK. In 2016, the South Devon Veterinary Hospital installed the Toshiba Aquilion Lightning to diagnose a wide range of conditions in pet animals.

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In 2016, NeuroLogica Corporation was ranked third in the global veterinary CT scanner market. The company mainly focuses on partnerships as its growth strategy. In November 2016, NeuroLogica Corporation entered into a long-term distribution partnership with Sound (US), a veterinary imaging manufacturer and supplier. Sound will market and sell CereTom, a portable 8-slice CT scanner. The company also focuses on the installation of CT scanners in veterinary universities, clinics, and hospitals. For instance, in December 2015, the company installed the standing CT system for equines at the San Luis Rey Equine Hospital, California (US).

Some of the other players competing in this market are Siemens AG (Siemens Healthineers) (Germany), Epica Medical Innovation (US), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (Netherlands), Animage, LLC (US), GIN ApS (Denmark), QR s.r.l. (Italy), and 4DDI (US).

Related Reports:

Veterinary CT Scanner Market by Type (Multi Slice CT Scanner, Portable CT Scanner), Animal (Small Animals, Equine, Livestock), Application (Neurology, Oncology, Orthopedic, Traumatology), End User (Animal Hospital, Clinic) - Global Forecast to 2022

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