The Veterinary Tomography Market is expected to register a CAGR of 7.1% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Product Type (Portable CT Scanners, Stationary Multi-Slice CT Scanners, Mid-End CT Scanners, High-End CT Scanners, Low-End CT Scanners); Animal Type (Large Animals, Small Animals); Application (Neurology, Oncology, Orthopedics, Others); End User (Veterinary Hospitals and Clinics, Academic Institutes and Teaching Centers). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Veterinary Tomography Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Veterinary Tomography Market Segmentation
Product Type- Portable CT Scanners
- Stationary Multi-Slice CT Scanners
- Mid-End CT Scanners
- High-End CT Scanners
- Low-End CT Scanners
- Large Animals
- Small Animals
- Neurology
- Oncology
- Orthopedics
- Others
- Veterinary Hospitals and Clinics
- Academic Institutes and Teaching Centers
Strategic Insights
Veterinary Tomography Market Growth Drivers- Increasing Incidence of Animal Diseases: The raising saturation of chronic and complicated diseases seen in pets and livestock such as cancers, brain conditions and musculoskeletal disorders is one of the primary factors positively influencing the veterinary tomography market. Such conditions do need high level imaging services for proper diagnosis or even treatment planning. There is a consistent rise in demand for veterinary tomography systems, veterans' practices having more and more sophisticated diagnostics.
- Advancements in Veterinary Imaging Technology: The influence of veterinary tomographic technology has been high due to advancement of the technology such as development of high resolution imaging systems with fast scan acquisition times. These sophisticated devices and systems give room for more accurate and detailed diagnostics hence allowing early detection and treatment of diseases. With the reduction in cost of the imaging technology, most veterinary clinics are purchasing the tomography machines as an enhancement of their services provided to the patients.
- Growing Pet Ownership and Humanization of Pets: One such trend that is contributing positively to the growth of the veterinary market is the humanization of pets, the increasing tendency of and demand for looking at pets as members of the family. Hence pet parents are keen on getting the latest therapies and procedures available like veterinary tomographic scanners to make them and their pets happy. Therefore, there is an increase in the adoption of advanced imaging systems in the veterinary market owing to the increased need and concern for pet healthcare.
- Integration of Artificial Intelligence (AI) in Imaging: The veterinary tomography market has greatly advanced thanks to the incorporation of artificial intelligence (AI) to enhance imaging, and even more to diagnosis. Rather than the boring and time-consuming activity of looking for flaws, AI algorithms can support vets in making a diagnosis overcoming human error and increasing the accuracy of the diagnosis. With the dynamic technological change that new AI applications tend to represent, it is expected that veterinary tomography processes will be developed in a great degree in both time and quality.
- Portable and Compact Veterinary Tomography Systems: Due in part to the growing mobile veterinary care market and field diagnostics, the market for portable and lightweight veterinary computed tomography systems is growing at an explosive rate. These systems are capable of producing the same quality of images as the conventional stationary systems yet are made in a way which allows for their movement and use in any given setting. Such a trend has been allowing the use of sophisticated imaging even to many veterinary doctors who offer services even in far away off or under served areas.
- Focus on Minimally Invasive Diagnostic Solutions: The tendencies and attitudes implemented in practice of female veterinarians are interesting as well, because they in a great degree envisage using more comfortable diagnostic and treatment approaches, and in the example of tomography, it is about the development of this sphere in professional practice. Instead of the conventional surgical excisional biopsy and invasive needle biopsy which are risky and cause discomfort to the patients, non-invasive approaches are being embraced by most veterinary doctors. This turning away from doing procedures that are invasive is similarly related to animal welfare issues and the desire to use fewer imaging technologies, as there is an increasing demand for image-guided procedures to be done.
- Expansion into Emerging Veterinary Markets: Continued enlargement of pet healthcare services in developing economies provides a great scope for factors which influence pet vet care market. Pet ownership, understanding of animal welfare, and veterinary expenditure in Asia-Pacific and Latin American terms offer excellent opportunities for Value-Added Diagnostic Imaging technologies. Diving into these regions with cost-effective yet dependable tomography will spur development across the world.
- Advances in Veterinary Oncology: Cancer is on the rise in bovines and pets hence the veterinarian’s oncology market is a growing niche for veterinary tomography. With regards to diagnosis, staging and treatment planning, imaging technics such as tomography furnish valuable information that is required in these processes. Because more and more veterinary practices begin to use imaging techniques for oncology treatment, the demand on advanced imaging equipment such as advanced tomographs, will naturally increase in order to enhance the final result.
- Veterinary Education and Research Applications: Veterinary education and tomographic imaging of animals opens up another growth avenue. There is a greater supply of such imaging systems owing to the fact that veterinary schools and research institutions are in need of new diagnosis means for teaching and animal research purposes. Vet research is a new and forward looking area for the manufacturers because it encourages them to partner with educational institutions in the quest for the usage of tomographic technologies in veterinary practice bringing about new products and ways of doing business.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Veterinary Tomography Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Veterinary Tomography Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Veterinary Tomography Market is estimated to witness a CAGR of 7.1% from 2023 to 2031
The major factors driving the veterinary tomography market are:
1.Rising Prevalence of Animal Diseases
2. Advancements in Veterinary Imaging Technology
3. Growing Pet Ownership and Humanization of Pets
North America region dominated the veterinary tomography market in 2023
Asia Pacific region dominated the veterinary tomography market in 2023
The small animal segment accounts for highest revenue in animal type sgement in 2023
General Electric, Toshiba Medical Systems Corporation, Siemens AG, Koninklijke Philips N.V., Epica Medical Innovations, Samsung Electronics Co. Ltd., Hitachi Ltd., Animage, LLC, QR, S.R.L., Gin ApS are some of the major market players operating in the market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Veterinary Tomography Market - By Product Type
1.3.2 Veterinary Tomography Market - By Animal Type
1.3.3 Veterinary Tomography Market - By Application
1.3.4 Veterinary Tomography Market - By End User
1.3.5 Veterinary Tomography Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VETERINARY TOMOGRAPHY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VETERINARY TOMOGRAPHY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VETERINARY TOMOGRAPHY MARKET - GLOBAL MARKET ANALYSIS
6.1. VETERINARY TOMOGRAPHY - GLOBAL MARKET OVERVIEW
6.2. VETERINARY TOMOGRAPHY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VETERINARY TOMOGRAPHY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PORTABLE CT SCANNERS
7.3.1. Overview
7.3.2. Portable CT Scanners Market Forecast and Analysis
7.4. STATIONARY MULTI-SLICE CT SCANNERS
7.4.1. Overview
7.4.2. Stationary Multi-Slice CT Scanners Market Forecast and Analysis
7.5. MID-END CT SCANNERS
7.5.1. Overview
7.5.2. Mid-End CT Scanners Market Forecast and Analysis
7.6. HIGH-END CT SCANNERS
7.6.1. Overview
7.6.2. High-End CT Scanners Market Forecast and Analysis
7.7. LOW-END CT SCANNERS
7.7.1. Overview
7.7.2. Low-End CT Scanners Market Forecast and Analysis
8. VETERINARY TOMOGRAPHY MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
8.1. OVERVIEW
8.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. LARGE ANIMALS
8.3.1. Overview
8.3.2. Large Animals Market Forecast and Analysis
8.4. SMALL ANIMALS
8.4.1. Overview
8.4.2. Small Animals Market Forecast and Analysis
9. VETERINARY TOMOGRAPHY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. NEUROLOGY
9.3.1. Overview
9.3.2. Neurology Market Forecast and Analysis
9.4. ONCOLOGY
9.4.1. Overview
9.4.2. Oncology Market Forecast and Analysis
9.5. ORTHOPEDICS
9.5.1. Overview
9.5.2. Orthopedics Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. VETERINARY TOMOGRAPHY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. VETERINARY HOSPITALS AND CLINICS
10.3.1. Overview
10.3.2. Veterinary Hospitals and Clinics Market Forecast and Analysis
10.4. ACADEMIC INSTITUTES AND TEACHING CENTERS
10.4.1. Overview
10.4.2. Academic Institutes and Teaching Centers Market Forecast and Analysis
11. VETERINARY TOMOGRAPHY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Veterinary Tomography Market Overview
11.1.2 North America Veterinary Tomography Market Forecasts and Analysis
11.1.3 North America Veterinary Tomography Market Forecasts and Analysis - By Product Type
11.1.4 North America Veterinary Tomography Market Forecasts and Analysis - By Animal Type
11.1.5 North America Veterinary Tomography Market Forecasts and Analysis - By Application
11.1.6 North America Veterinary Tomography Market Forecasts and Analysis - By End User
11.1.7 North America Veterinary Tomography Market Forecasts and Analysis - By Countries
11.1.7.1 United States Veterinary Tomography Market
11.1.7.1.1 United States Veterinary Tomography Market by Product Type
11.1.7.1.2 United States Veterinary Tomography Market by Animal Type
11.1.7.1.3 United States Veterinary Tomography Market by Application
11.1.7.1.4 United States Veterinary Tomography Market by End User
11.1.7.2 Canada Veterinary Tomography Market
11.1.7.2.1 Canada Veterinary Tomography Market by Product Type
11.1.7.2.2 Canada Veterinary Tomography Market by Animal Type
11.1.7.2.3 Canada Veterinary Tomography Market by Application
11.1.7.2.4 Canada Veterinary Tomography Market by End User
11.1.7.3 Mexico Veterinary Tomography Market
11.1.7.3.1 Mexico Veterinary Tomography Market by Product Type
11.1.7.3.2 Mexico Veterinary Tomography Market by Animal Type
11.1.7.3.3 Mexico Veterinary Tomography Market by Application
11.1.7.3.4 Mexico Veterinary Tomography Market by End User
11.2. EUROPE
11.2.1 Europe Veterinary Tomography Market Overview
11.2.2 Europe Veterinary Tomography Market Forecasts and Analysis
11.2.3 Europe Veterinary Tomography Market Forecasts and Analysis - By Product Type
11.2.4 Europe Veterinary Tomography Market Forecasts and Analysis - By Animal Type
11.2.5 Europe Veterinary Tomography Market Forecasts and Analysis - By Application
11.2.6 Europe Veterinary Tomography Market Forecasts and Analysis - By End User
11.2.7 Europe Veterinary Tomography Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Veterinary Tomography Market
11.2.7.1.1 Germany Veterinary Tomography Market by Product Type
11.2.7.1.2 Germany Veterinary Tomography Market by Animal Type
11.2.7.1.3 Germany Veterinary Tomography Market by Application
11.2.7.1.4 Germany Veterinary Tomography Market by End User
11.2.7.2 France Veterinary Tomography Market
11.2.7.2.1 France Veterinary Tomography Market by Product Type
11.2.7.2.2 France Veterinary Tomography Market by Animal Type
11.2.7.2.3 France Veterinary Tomography Market by Application
11.2.7.2.4 France Veterinary Tomography Market by End User
11.2.7.3 Italy Veterinary Tomography Market
11.2.7.3.1 Italy Veterinary Tomography Market by Product Type
11.2.7.3.2 Italy Veterinary Tomography Market by Animal Type
11.2.7.3.3 Italy Veterinary Tomography Market by Application
11.2.7.3.4 Italy Veterinary Tomography Market by End User
11.2.7.4 Spain Veterinary Tomography Market
11.2.7.4.1 Spain Veterinary Tomography Market by Product Type
11.2.7.4.2 Spain Veterinary Tomography Market by Animal Type
11.2.7.4.3 Spain Veterinary Tomography Market by Application
11.2.7.4.4 Spain Veterinary Tomography Market by End User
11.2.7.5 United Kingdom Veterinary Tomography Market
11.2.7.5.1 United Kingdom Veterinary Tomography Market by Product Type
11.2.7.5.2 United Kingdom Veterinary Tomography Market by Animal Type
11.2.7.5.3 United Kingdom Veterinary Tomography Market by Application
11.2.7.5.4 United Kingdom Veterinary Tomography Market by End User
11.2.7.6 Rest of Europe Veterinary Tomography Market
11.2.7.6.1 Rest of Europe Veterinary Tomography Market by Product Type
11.2.7.6.2 Rest of Europe Veterinary Tomography Market by Animal Type
11.2.7.6.3 Rest of Europe Veterinary Tomography Market by Application
11.2.7.6.4 Rest of Europe Veterinary Tomography Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Veterinary Tomography Market Overview
11.3.2 Asia-Pacific Veterinary Tomography Market Forecasts and Analysis
11.3.3 Asia-Pacific Veterinary Tomography Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Veterinary Tomography Market Forecasts and Analysis - By Animal Type
11.3.5 Asia-Pacific Veterinary Tomography Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Veterinary Tomography Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Veterinary Tomography Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Veterinary Tomography Market
11.3.7.1.1 Australia Veterinary Tomography Market by Product Type
11.3.7.1.2 Australia Veterinary Tomography Market by Animal Type
11.3.7.1.3 Australia Veterinary Tomography Market by Application
11.3.7.1.4 Australia Veterinary Tomography Market by End User
11.3.7.2 China Veterinary Tomography Market
11.3.7.2.1 China Veterinary Tomography Market by Product Type
11.3.7.2.2 China Veterinary Tomography Market by Animal Type
11.3.7.2.3 China Veterinary Tomography Market by Application
11.3.7.2.4 China Veterinary Tomography Market by End User
11.3.7.3 India Veterinary Tomography Market
11.3.7.3.1 India Veterinary Tomography Market by Product Type
11.3.7.3.2 India Veterinary Tomography Market by Animal Type
11.3.7.3.3 India Veterinary Tomography Market by Application
11.3.7.3.4 India Veterinary Tomography Market by End User
11.3.7.4 Japan Veterinary Tomography Market
11.3.7.4.1 Japan Veterinary Tomography Market by Product Type
11.3.7.4.2 Japan Veterinary Tomography Market by Animal Type
11.3.7.4.3 Japan Veterinary Tomography Market by Application
11.3.7.4.4 Japan Veterinary Tomography Market by End User
11.3.7.5 South Korea Veterinary Tomography Market
11.3.7.5.1 South Korea Veterinary Tomography Market by Product Type
11.3.7.5.2 South Korea Veterinary Tomography Market by Animal Type
11.3.7.5.3 South Korea Veterinary Tomography Market by Application
11.3.7.5.4 South Korea Veterinary Tomography Market by End User
11.3.7.6 Rest of Asia-Pacific Veterinary Tomography Market
11.3.7.6.1 Rest of Asia-Pacific Veterinary Tomography Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Veterinary Tomography Market by Animal Type
11.3.7.6.3 Rest of Asia-Pacific Veterinary Tomography Market by Application
11.3.7.6.4 Rest of Asia-Pacific Veterinary Tomography Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Veterinary Tomography Market Overview
11.4.2 Middle East and Africa Veterinary Tomography Market Forecasts and Analysis
11.4.3 Middle East and Africa Veterinary Tomography Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Veterinary Tomography Market Forecasts and Analysis - By Animal Type
11.4.5 Middle East and Africa Veterinary Tomography Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Veterinary Tomography Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Veterinary Tomography Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Veterinary Tomography Market
11.4.7.1.1 South Africa Veterinary Tomography Market by Product Type
11.4.7.1.2 South Africa Veterinary Tomography Market by Animal Type
11.4.7.1.3 South Africa Veterinary Tomography Market by Application
11.4.7.1.4 South Africa Veterinary Tomography Market by End User
11.4.7.2 Saudi Arabia Veterinary Tomography Market
11.4.7.2.1 Saudi Arabia Veterinary Tomography Market by Product Type
11.4.7.2.2 Saudi Arabia Veterinary Tomography Market by Animal Type
11.4.7.2.3 Saudi Arabia Veterinary Tomography Market by Application
11.4.7.2.4 Saudi Arabia Veterinary Tomography Market by End User
11.4.7.3 U.A.E Veterinary Tomography Market
11.4.7.3.1 U.A.E Veterinary Tomography Market by Product Type
11.4.7.3.2 U.A.E Veterinary Tomography Market by Animal Type
11.4.7.3.3 U.A.E Veterinary Tomography Market by Application
11.4.7.3.4 U.A.E Veterinary Tomography Market by End User
11.4.7.4 Rest of Middle East and Africa Veterinary Tomography Market
11.4.7.4.1 Rest of Middle East and Africa Veterinary Tomography Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Veterinary Tomography Market by Animal Type
11.4.7.4.3 Rest of Middle East and Africa Veterinary Tomography Market by Application
11.4.7.4.4 Rest of Middle East and Africa Veterinary Tomography Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Veterinary Tomography Market Overview
11.5.2 South and Central America Veterinary Tomography Market Forecasts and Analysis
11.5.3 South and Central America Veterinary Tomography Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Veterinary Tomography Market Forecasts and Analysis - By Animal Type
11.5.5 South and Central America Veterinary Tomography Market Forecasts and Analysis - By Application
11.5.6 South and Central America Veterinary Tomography Market Forecasts and Analysis - By End User
11.5.7 South and Central America Veterinary Tomography Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Veterinary Tomography Market
11.5.7.1.1 Brazil Veterinary Tomography Market by Product Type
11.5.7.1.2 Brazil Veterinary Tomography Market by Animal Type
11.5.7.1.3 Brazil Veterinary Tomography Market by Application
11.5.7.1.4 Brazil Veterinary Tomography Market by End User
11.5.7.2 Argentina Veterinary Tomography Market
11.5.7.2.1 Argentina Veterinary Tomography Market by Product Type
11.5.7.2.2 Argentina Veterinary Tomography Market by Animal Type
11.5.7.2.3 Argentina Veterinary Tomography Market by Application
11.5.7.2.4 Argentina Veterinary Tomography Market by End User
11.5.7.3 Rest of South and Central America Veterinary Tomography Market
11.5.7.3.1 Rest of South and Central America Veterinary Tomography Market by Product Type
11.5.7.3.2 Rest of South and Central America Veterinary Tomography Market by Animal Type
11.5.7.3.3 Rest of South and Central America Veterinary Tomography Market by Application
11.5.7.3.4 Rest of South and Central America Veterinary Tomography Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL VETERINARY TOMOGRAPHY MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. VETERINARY TOMOGRAPHY MARKET, KEY COMPANY PROFILES
14.1. GENERAL ELECTRIC
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. TOSHIBA MEDICAL SYSTEMS CORPORATION
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. SIEMENS AG
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. KONINKLIJKE PHILIPS N.V.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. EPICA MEDICAL INNOVATIONS
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. SAMSUNG ELECTRONICS CO. LTD.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. HITACHI LTD.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. ANIMAGE, LLC
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. QR, S.R.L.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. GIN APS
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. General Electric
2. Toshiba Medical Systems Corporation
3. Siemens AG
4. Koninklijke Philips N.V.
5. Epica Medical Innovations
6. Samsung Electronics Co. Ltd.
7. Hitachi Ltd.
8. Animage, LLC
9. QR, S.R.L.
10. Gin ApS
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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