North America Veterinary Radiography Systems Market: Evolving Market Trends & Dynamics 2024 Date: 03-07-2017 07:39 PM CET Category: Health & Medicine Press release from: Transparency Market Research - Medical Devices
Manufacturers operating in the North America veterinary radiography systems market are expected to focus on collaborations with small and local players to improve their distribution channels. These initiatives are being aimed at improving market penetration, branding, and achieving improved profit margins, observes Transparency Market Research. The top four players operating in the market are Sound-Eklin-VCA Company, Fuji Medical Systems, Canon, Inc., Idexx Laboratories, Inc. These companies held a mammoth share of 65% in the overall market in 2015, states the lead author of this research report. Pegged at US$187.7 mn in 2016, the North America veterinary radiography systems is expected to reach a valuation of US$294.5 mn by the end of 2024. Between the forecast years of 2016 and 2024, the overall market is expected to exhibit a CAGR of 5.8%. Download Exclusive Brochure of This Report : www.transparencymarketresearch.com/sample/sample.php?flag... U.S to Dominate North America Veterinary Radiography Systems Market with 91.2% Share by 2024 On the basis of technology, the global market is segmented into computed radiography, digital radiography, and film screen radiography. Of these, the digital radiography segment is expected to grow at a steady CAGR of 5.8% during the forecast period. Advanced features of this technology such as reduced repeat rates, image manipulation, and large dynamic range are expected to boost this segment in the coming years. The demand for digital radiography is expected to remain high as it operates on a low dosage and reduces the exposure to radiation as compared to other technologies. In terms of geography, the North America veterinary radiography systems market is segmented into the U.S. and Canada. The U.S. is estimated to hold a share of 91.2% in the overall market by the end of 2024. The relentless humanization animals and growing expenditure on pet care are expected to drive this regional market in the coming few years.
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