Citicoline Market Global Trends, Business Strategies and Opportunities with Top Key Players

Growing popularity and increasing investments in eSports is helping the market go mainstream which, in turn, is opening an assortment of opportunities for various industries. Players participating in eSports tournaments are seeking cognitive enhancing supplements which can help them concentrate, plot strategies, and improve working memory. Additionally, a ban on the use of other nootropics such as Ritalin and Adderall in eSports leagues is creating demand for ‘permissible’ supplements. Citicoline’s negligible toxicity and its organic nature is making it an appealing prospect for eSports players. With regulations allowing the use of citicoline in functional food and supplements, manufacturers are increasingly focusing towards including the compound in their products to capitalize on the bolstering demand for cognitive-enhancing supplements in eSports.

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The adverse and often fatal impact of ischemic stroke on human health, coupled with increasing prevalence is bolstering demand for effective treatment of the condition. According to WHO, stroke is the second leading cause of death in the world and the third leading cause of disabilities in adults. Additionally, the lack of a standard procedure of treatment for different ischemic stroke patients is influencing healthcare researchers to focus on the development of acute therapy for all patients. According to Fact.MR’s study, citicoline is being viewed as a potential treatment option by researchers and healthcare providers. These factors are vital to citicoline market growth and are expected propel proliferation during the forecast period.

The study opines that citicoline demand is also likely to be influenced by its role in treatment of brain injuries. Studies suggest treatment of patients with citicoline has been beneficial in reducing headaches, dizziness, tinnitus, and in substantially relieving motor, cognitive, and mental symptoms. These developments are further driving researchers towards testing its potential use in treatment for pervasive developmental disorders such as atypical autism, Asperger Syndrome, and autism. Intensifying clinical trials and research and developmental activities in the area are expected to open new and lucrative opportunities for companies in the citicoline market.

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The growth in the geriatric population around the world is expected to continue with the Population Reference Bureau (PRB) estimating the number of people aged over 65 to account for 16 percent of the world population by 2050. Citicoline finds widespread usage in the production of supplements for enhancing cognition in the elderly. In addition, intensifying clinical trials towards improving citicoline efficacy through its synergy with other chemicals is another vital factor estimated to drive market growth. Fact.MR opines that advancements in tablet manufacturing will bolster production of highly effective supplements, with sales of citicoline tablets estimated to reach nearly US$ 235 million in 2019.  
The Fact.MR report tracks the citicoline market for the period 2018-2028. According to the report, the citicoline market is projected to grow at 8.5% CAGR through 2028.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

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Rapid Oral Fluid Screening Devices Market Provides an In-Depth Insight of Sales and Trends, Forecast to 2028

The study finds that efficacy of oral fluid for drug testing is being widely acknowledged on account of accuracy and precision of results. Multiple applications, such as pain management, drug treatment, and DUID (driving under influence of drugs) or drug-impaired driving, entail use of rapid oral fluid screening devices for instant yet accurate results. In addition, increasing number of hospital-based laboratories and independent laboratories are making use of rapid oral fluid screening devices to perform multimodal tests.

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As per the research study, oral fluid serves as a viable medium for drug testing, on account of the convenience to collect and low risks of sample adulteration. Results obtained via oral fluid offer better understanding of the impact of drug abuse and seamless evaluation of an individual’s behavioral changes. As per the report, shorter window of time will continue being a key growth inhibitor of rapid oral fluid screening devices market. Drugs ingested in less than around 24 hours and cannabis ingested in less than around 4 hours are effectively detected by these devices, which makes them a misfit in case of challenging and prolonged screening sessions. This, in turn, is likely to pose significant challenges for the manufacturers in the rapid oral fluid screening devices market.

Prescription drug abuse i.e. the intentional usage of medications without prescriptions is emerging as a serious concern across the globe that can lead to devastating results. The practice of prescription drug abuse rising at alarming rates and subsequent number of deaths in consequence of drug overdose is resulting in ever-increasing number of emergency room visits, which, in turn, is likely to significantly contribute to growth of rapid oral fluid screening devices market.

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According to the research study, end-users are likely to opt for strips over swabs and cassettes, with global sales anticipated to exceed 11,400 thousand units in 2019. Easy-to-carry with minimum inconvenience involved makes strip a feasible option as compared to other forms of rapid oral fluid screening devices. In addition, strips are highly cost-effective as compared to swabs and cassettes, which makes it a viable investment for end-users who value frugality. As per the report, Europe and North America represent are likely to brim with opportunities for the key players of rapid oral fluid screening devices market, on account of the highest rates of illicit drug usage.

One of the pervasive trends favoring the growth of rapid oral fluid screening devices market is the ever- growing trend of workplace drug testing. More and more number of employers are conducting oral fluid testing sessions for post-accident, pre-employment, and randomized drug tests using rapid oral fluid screening devices. This process of drug test results in multiple financial and practical benefits, providing enough credence to its importance in dynamic workplaces.

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Pregnancy Point of Care Testing Market Key Trends in Terms of Volume and Value 2018-2028

Manufacturers are capitalizing on the increasing ubiquity of smartphones by introducing next-generation pregnancy point of care testing devices that can be connected to smartphone applications, finds Fact.MR. Smartphone-based pregnancy point of care testing products are emerging as a promising alternative to traditional laboratory-based diagnostic testing practices. Leading manufacturers are launching innovating products with smartphone connectivity to cater to the end-users’ demand for easy-to-use at-home pregnancy test kits.

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In addition, the study also finds that modern smartphone-based pregnancy point of care testing devices are reducing in size, cost, as well as complexity, and this is an important factor to boost growth of the pregnancy point of care testing market. A mounting number of small businesses are entering the pregnancy point of care testing markets in developing regions and launching innovative smartphone-based products at competitive prices to attract consumers in emerging economies. The study opines that increasing number of new players in the market and growing price gap between leading players and new entrants will influence growth of the global pregnancy point of care testing market in the coming decade.

Human chorionic gonadotrophin (hCG) urine test kits accounted for nearly 43% revenue share of the global pregnancy point of care testing market in 2018, and the trend will prevail in the upcoming years, according to the Fact.MR study. The study attributes the rising demand for hCG urine test kits to the burgeoning sales of pregnancy test kits across the world. In 2018, pregnancy test kits accounted for more than half the revenue share in the pregnancy point of care testing market, and higher reliability and accuracy of hCG urine tests in pregnancy point of care testing is bolstering its share in the global market at a rapid pace.

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Another factor influencing the demand for hCG urine tests in the pregnancy point of care testing market is the end-users’ preference towards urine testing devices over blood testing devices for pregnancy testing. Through both urine and blood tests can be equally accurate, women are showing a preference to use at-home urine pregnancy test kits primarily due to their simplicity and ease-of-use. The Fact.MR study opines that the adoption of hCG urine tests in pregnancy point of care testing devices will continue to increase in the upcoming years.

In 2018, the pregnancy point of care testing market in North America was valued at US$ 648 million, according to Fact.MR. Growing prevalence of gynecological and fertility disorders, triggered by changing lifestyle, is leading to the increased adoption of pregnancy point of care testing products across the region.

The Fact.MR study finds that leading manufacturers in North America are adopting advanced technologies for competitive advantages with the launch of more reliable and rapid diagnostics. Despite the ambiguity about the accuracy of commonly available pregnancy point of care testing devices, consumer adoption of these products remains high.

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MRI-guided Radiation Therapy Systems Market Future Growth, Global Survey and In-Depth Analysis Research Report 2028

The study opines that hospital, with over 51% revenue share, will remain the target customer for players in the MRI-guided radiation therapy systems market in 2019. Opportunities abound for of MRI-guided radiation therapy system developers,, with ongoing clinical development of high-tech procedures exploiting Linac MR-RT (Linear accelerators integrated with magnetic resonance radiotherapy).

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The study also finds that radiotherapy centers are adopting technologically-advanced MRI-compatible radiation models, to explore numerous possibilities to make radiotherapy treatment more effective. Market players are focusing on building a successful consortium with the help of physicians, clinicians, as well as Original Equipment Manufacturers (OEMs), to tap opportunities in the radiation therapy centers.

The study opines that the increasing healthcare expenditure in the United States (U.S.) will remain a key growth determinant of the MRI-guided radiation therapy systems market in North America. In 2017, the per capita health expenditure was over US$10,000 in the U.S., recording an increase of nearly 4% over 2016, according to studies. In addition, an alarming rise in the prevalence of cancer in the U.S. will reflect in a significant demand for MRI-guided radiation therapy systems in North America.

According to the study, North America accounted for 45% sales of MRI-guided radiation therapy systems in 2018. Healthcare organizations in the region are investing heavily in tech-driven radiation treatments for cancer. While demand remains robust in developed markets, developing economies are also emerging as attractive markets for MRI-guided radiation therapy systems. Increasing government investments in healthcare infrastructure in the region, are expected to create new opportunities for the players in the MRI-guided radiation therapy systems market.

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The relatively new technology for integrating magnetic resonance imaging (MRI) with radiation therapy is becoming increasingly prevalent, with revenues from the MRI-guided radiation therapy systems market exceeding US$ 220 Mn in 2018, according to a recent study by Fact.MR.  This remarkable growth potential of the MRI-guided radiation therapy systems market can be attributed to burgeoning adoption of innovative technologies in the cancer diagnosis & treatment, alongside growing focus on patient-centric care.

The study assesses macro and microeconomic factors that define the growth prospects of the MRI-guided radiation therapy systems market. It finds that leading players in the rapidly-growing healthcare sector are vying for new techniques in cancer treatment to compensate for involuntary patient movements and improve precision to a much higher degree. In addition, the paradigm shift in preference of cancer patients towards radiation therapies, from invasive to non-invasive procedures, is expected to remain instrumental in adoption of MRI-guided radiation therapy systems in cancer care.

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Hormone Replacement Therapy Market Business Growth, Development Factors, Applications, and Future Prospects

The hormone replacement therapy market is foreseen to expand at a significant pace with sales of hormone replacement therapy products crossing US$ 12,000 Mn by 2019 end. Rising incidences of osteoporosis fractures coupled with growing menopause rates among women have remained instrumental in driving the demand for hormone replacement therapy. Fact.MR envisages that the demand for hormone replacement therapy is projected to expand at a CAGR of 6.0% in terms of value throughout the period of forecast, 2018-2028.

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Disorders associated with hormonal imbalance continue to influence the use of hormone replacement therapy worldwide. Hormone replacement therapy demand is further pushed with macroeconomic aspects such as growing geriatric population and significant increase in healthcare expenditure worldwide. Growing age directly impacts secretion of hormones such as progesterone and estrogen in women, which is expected to trigger the use of estrogen hormone replacement therapy.

Expanding range of menopausal window (45-55 years) coupled with growing number of postmenopausal patients are few of the key factors influencing the growth of the hormone replacement therapy market. According to the report, the demand for estrogen hormone replacement therapy is expected to grow on the back of growing menopausal rate worldwide. The sales of estrogen hormone replacement therapy are likely to surpass US$ 18,000 Mn by 2028, higher than those of other hormone replacement therapy products including thyroid and growth hormone related hormone replacement therapy products, says the report.

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Sales of hormone replacement therapy products through hospital pharmacies and retail pharmacies are likely to be on an upswing with developers of hormone replacement therapy products relying on these channels than online selling. Retail pharmacies are expected to remain an attractive distribution channel for hormone replacement therapy products, with sales accounting for a larger revenue share of the overall hormone replacement therapy market. The sales of hormone replacement therapy through clinics are projected to grow at a steady during the 2018-2028 timeline.

The hormone replacement therapy market is expected to remain influenced by increasing government support apropos to women’s health. Governments and non-profit organizations of various countries are spreading awareness regarding hormone replacement therapy along with providing free treatments to lower and middle class people. Regulatory authorities such as FDA are also contributing to the cause of supporting women’s health by launching initiatives such as Take Time To Care (TTTC) programs. This aspect is likely to support the growth of the hormone replacement therapy market in the coming years.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

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Neonatal Ventilator Market Review with Forecast Research Report 2018 – 2028

Efficacy of neonatal ventilators in reducing infant mortality continues to drive their adoption in healthcare settings, finds a new Fact.MR study. Global sales are likely to surpass 19,000 units in 2018, equating a market value of over US$ 440 Mn. End-users continue to show a marked affinity for hybrid neonatal ventilators that offer the advantages of both invasive and non-invasive variants.

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The neonatal ventilator landscape continues to be massively influenced by advances in automation and integration of technology. To create product differentiation, manufacturers are focusing on equipping their offerings with enhanced safety features, and compatibility with electronic record systems.

The report finds that infant-to-adult ventilators remain an appealing prospect for end-users, but these devices are beset with challenges. The one-size-fits-all approach of infant-to-adult ventilators manufacturers continues to impede widespread adoption. Infant-to-adult ventilator manufacturers are focusing on enhancing patient safety to leverage the opportunities in this landscape. Features such as prioritized alarm messages, customized data displays, and automated weaning software being incorporated by end-users.

Improving efficiency and reducing the overall cost of care is a key focus area for hospitals, clinics, and ambulatory surgical centers. Sensing the needs of end-users, infant ventilator manufacturers are focusing on developing innovative products that deliver invasive, non-invasive, and oxygen therapy. However, the report finds that ventilator manufacturers need to address the specific challenges associated with neonatal ventilation, such as smaller inspiratory volumes, quick gas flow changes, and protection against high airway pressures.

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The report finds that end-users have a marked preference for standalone neonatal ventilator devices, vis-à-vis portable and transportable devices. Sales of standalone neonatal ventilator devices are likely to reach US$ 229 Mn in 2018, whereas transportable neonatal ventilator devices are likely to account for the lowest market share.

Demand for neonatal ventilators will continue to remain robust in hospitals, followed by nursing homes and neonatal clinics. Hospitals account for nearly 45% revenue share of the market, and it is likely that status quo will remain unchanged during the assessment period. However, demand for neonatal ventilators is likely to witness the fastest growth in neonatal clinics. The report finds that in spite of growing at a higher rate, neonatal clinics will not surpass hospitals as the largest end-user globally by 2028.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

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Plasmapheresis Market Analysis Trends and Future Prospects

According to U.S. National Library of Medicine, the prevalence rate of TTP is in the range of 1.7 to 11 cases per million population in the U.S. In addition to TTP, increase in prevalence of autoimmune diseases and advancement in plasmapheresis is likely to drive the growth of the market during the assessment period in the U.S. The market in Europe is likely to mimic the U.S. in terms of key driving factors, whereas greater emphasis on boosting healthcare infrastructure is likely to fuel market growth in Asia Pacific excluding Japan (APEJ) and Latin America.

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In terms of revenues, North America will continue to be a leading market, with U.S. accounting for the bulk of revenues. The U.S. is home to some of the leading companies in the plasmapheresis market, and there is a high emphasis on research and development among universities and institutes. Collaboration between companies and institutions has also contributed to the growth of the market in the region.

To give readers detailed insights, the report offers segment-wise analysis on the global plasmapheresis market. The report has been segmented on the basis of product into instruments and disposables. Currently, instruments account for a higher revenue share of the market, and is poised to grow at a CAGR of 5.7% during the forecast period. However, disposables segment is likely to grow at a higher CAGR, owing to which the revenue share of instruments will witness a decline of nearly 7% during the forecast period.

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On the basis of end-users, the report has segmented the market on the basis of biopharmaceutical companies, hospitals & clinics, and ‘other end-users’. According to the report, biopharmaceutical companies will account for the leading revenue share of the market. There has been steady demand for plasmapheresis instruments and disposables from the biopharmaceutical industry. Exponential growth of the biotechnology industry is also a macro factor that is pushing the demand for plasmapheresis instruments and disposables.

The key end-use applications of plasmapheresis market include therapeutic and source plasma collection. The source plasma collection segment is likely to grow at a CAGR of 7.6% and surpass US$ 1 Bn in revenues by the end of the forecast period.

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By technology, the key segments of the market include membrane filtration and centrifugation. The membrane filtration segment is likely to grow at a CAGR of 5.5% through 2026, reaching a value of nearly US$ 477 Mn. Some of the leading companies profiled in the report include Haemonetics Corporation, Asahi Kasei Kuraray Medical Co, Ltd., Terumo Corporation, B. Braun Melsungen AG, Baxter International Inc, Baxter International Inc, Kawasumi Laboratories, Inc, and Kaneka Corporation.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

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Movement Disorder Market An In-Depth Study of Top Companies

Growth of the global movement disorders market is projected to be bound by various macro-economic and micro-economic factors. Lack of ability to move due to growing prevalence of factors such as cerebrovascular diseases, trauma, brain tumors, degenerative diseases and convulsive diseases continues to impact the global market growth of movement disorder positively. Prevalence of neurological disorders negatively affect the cognitive abilities and lead to depression, incapability to chew, swallowing, speaking and insomnia. Growing awareness regarding the prevalence of various mental diseases will further contribute towards the global market growth of movement disorder significantly.

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Treatments and medications that have received an approval from FDA will further impact the global market growth of movement disorders positively. Ingrezza capsules and Xadago (safinamide) tablets are two medicines that have received an approval from FDA recently. Xadago (safinamide) tablets has been approved for the treatment of Parkinson’s disease and Ingrezza capsules has been approved for the treatment of dyskinesia. Moreover, FDA has approved brain transplantation in order to reduce various symptoms of tremor. Such factors continue to impact the global market growth of movement disorder significantly.

Manufacturers in the global market are increasingly concentrating on product development and innovations in order to gain an advantage over the other market players. With the growing demand for improved results and fast recovery, manufacturers are also focusing on integrating advanced technological developments. Companies in the global market of movement disorder are offering technologically enhanced spork, fork, everyday spoon and soup spoons. Attributed to such factors, the global market of movement disorders is projected to represent significant growth throughout the forecast period.

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Treatment of various neurological diseases has led to surge in adoption of the rechargeable deep brain stimulator devices. The rechargeable deep brain stimulator devices is projected to outsell the non-rechargeable deep brain stimulator devices globally. On the basis of product type, the rechargeable deep brain stimulator devices is projected to witness the highest growth in terms of revenue, recording more than US$ 500 Mn by 2026-end. On the other hand, the non-rechargeable deep brain stimulator devices product type segment is projected to reflect a robust CAGR throughout the forecast period.

By end user, the hospitals segment is projected to represent a robust revenue growth, accounting for less than US$ 100 Mn by 2017-end. In contrary to this, the clinics end user segment is projected to reflect a healthy CAGR during the forecast period. In terms of revenue, the parkinson’s disease application segment is projected to witness a significant revenue growth, recording more than US$ 400 Mn by 2026-end. By 2026-end, the dystonia application segment is projected to witness the fastest growth during the forecast period.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Cell Lines Market Volume Analysis, Segments, Value Share and Key Trends 2017-2022

According to Fact.MR, the global cell lines market is anticipated to show a value of more than US$ 140 Mn and expected to grow at a steady rate during the period of forecast. Basic research segment by application is anticipated to dominate the market by reflecting a higher market share of 58.7%. The drug discovery and development segment, on the other hand, is anticipated to reflect a highest growth rate as compared to other segments within the application category. However, the forensic testing segment is expected to show a sluggish growth rate during the period of forecast.

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North America region shows a higher market attractiveness and is the most lucrative region for the global cell lines market. The North America region is anticipated to grow at a CAGR of 3.3% during the forecast period of 2017 to 2022. The main reason is the advancement in technology in this region. This coupled with an increase in the investment made on the research and development only adds to the lucrative nature of North America region. Growing innovations in drug delivery along with increasing biopharmaceutical companies and academic and research institutes in North America contribute to the growth in the use of cell lines in this region, thus making it more attractive.

By product, the cancer cell lines segment reflects a higher market revenue share and reflects dominance over other segments in this category. On the other hand, ion channel cell lines are expected to grow at the higher pace comparatively to reflect growth at the CAGR of 3.8% during the period of forecast, 2017 to 2022. The cancer cell lines segment is expected to experience a higher gain in the BPs by the end of 2022 followed by the GPCR cell lines segment which is anticipated to be the second fast growing segment after ion channel cell line segment.

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The biopharmaceutical companies segment is expected to grow a shade slower than the contract research organizations (CRO) segment, yet reflects a higher market share by revenue than the CRO segment. The contract research organizations segment is anticipated to grow at a CAGR of 3.7% during the period of forecast. The academic and research institutes segment enjoys the highest market share by revenue as of 2017 and hence dominates the market by end user, however, it grows at a slow rate as compared to biopharmaceutical companies segment.

Cell lines are used in research and biologics and used in drug discovery, molecular biology, biochemistry, cell biology etc. The global cell lines market is influenced by several advantages that the cell liens offer, which include ease in use, cost effectiveness, as well as they provide pure cells which are needed to obtain reproducible results along with consistent samples. Moreover, the growing technological developments in the healthcare industry, new innovations and increased investment in the research and development has resulted in the discovering several paradigms for cell lines, thereby pushing the growth of the global cell lines market. North America region seems to be the most attractive region for the cell lines market.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Veterinary Imaging Systems Market Reviews Growth Rate by Regions, Future Trends and Forecast Until 2022

In order to care proper care of companion animals, demand for veterinary imaging instruments has been witnessing a rise, as there instruments aid detection of sinus/nasal disorders by differentiation of neoplasia from rhinitis. With increase in number of veterinary practitioners, coupled with tremendous hike in pet insurance purchases, animal healthcare spending is gaining an uptick across the globe. Veterinary imaging systems have increased sensitivity, which helps in detecting brain hemorrhage, and fractures in skull. Various technical enhancements have been made in veterinary imaging systems over the past couple of years. These systems eliminate the requirement of photo processing supplies, films, film jackets, and dark room, which in turn helps in lowering the cost of diagnosis. In developed economies including North America and Europe, there has been a rise in popularity of insurance services related to pets. These factors are expected to drive growth of the global veterinary imaging systems market.

Read Report Summary: https://www.factmr.com/report/177/veterinary-imaging-systems-market

However, high initial cost is involved in the use of veterinary imaging systems, and these systems require skilled professionals for their operation. In addition, veterinary imaging systems have a comparatively lower sensitivity than MRI systems. This factor might impede their adoption in the detection of inflammation, tumors, and vascular condition. Lack of skilled personnel is another major factor, which might impede growth of the market during the forecast period.

Small companion animals are expected to be the most lucrative segment based on animal type, for sales of veterinary imaging systems. Revenues from this segment is projected to account for over US$ 1,000 Mn by the end of 2022. There has been a significant increase in adoption of pets. In addition, incidences of disease outbreaks have also surged among these animals since the recent past. These factors will further accelerate sales of veterinary imaging systems for small companion animals.

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X-ray systems will continue to be the top-selling product, with revenues projected to account for more than one-third market share throughout the forecast period. Growth in sales of x-ray systems is mainly because of their consistent provision of high-quality images, rise in preference of veterinarians towards this technology. However, MRI systems are estimated to witness the fastest expansion in sales through 2022.

Veterinary clinics are poised to remain the most lucrative end-users of the veterinary imaging systems. Revenues from veterinary clinics will hold over two-third share of the market over the forecast period. Factors contributing to growth of veterinary clinics segment are rising number of veterinarians, as well as veterinary practices worldwide. Based on end-users, hospitals are estimated to register the fastest expansion in the global veterinary imaging systems market through 2022.

North America is expected to remain the largest market for veterinary imaging systems. Sales of veterinary imaging systems in this region will reach roughly US$ 600 Mn in revenues by the end of forecast period. Dominance of North America in the market is mainly attributed to soaring disposable income of the population, along with the surge in awareness about cancers and tumors associated with companion animals. The veterinary imaging systems markets in Asia-Pacific excluding Japan (APEJ), and North America are projected to expand at similar CAGRs through 2022. Although the market in APEJ was untapped until recently, it is estimated to exhibit a significant growth, especially in the region’s developing countries including China and India, wherein the concept of concept of pets is witnessing a rise in popularity.

For a detailed industry outlook, Get the Report Sample at: https://www.factmr.com/connectus/sample?flag=S&rep_id=177

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
E: info@factmr.com
Blog: https://theheraldmedia.com/

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