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Global Veterinary Imaging Market to Reach $2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Veterinary Imaging estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Veterinary Imaging Instruments, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$1.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Veterinary Software segment is readjusted to a revised 4.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $400.7 Million, While China is Forecast to Grow at 8.5% CAGR
The Veterinary Imaging market in the U.S. is estimated at US$400.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$418.3 Million by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$264.9 Million by the year 2027.



Veterinary Imaging Reagents Segment to Record 5.8% CAGR
In the global Veterinary Imaging Reagents segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$371.8 Million in the year 2020 will reach a projected size of US$533.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.1% CAGR through the analysis period.