Market Challenges And Opportunities

Global Veterinary Radiography Flat Panel Detector Market Drivers

Adoption of strategies such as partnerships, collaborations, mergers and acquisitions by key players is expected to positively influence the global veterinary radiography flat panel detector market growth. For instance, in April 2019, Varex Imaging Corporation, a medical X–ray imaging component manufacturing company, acquired Direct Conversion AB (publ), a company focused on developing and manufacturing X-ray based imaging solutions, in order to expand their product portfolio. Varex Imaging Corporation is going to include linear array digital detectors to its product line (manufactured by Direct Conversion AB) through this acquisition. Also, in May 2017, Varex Imaging Corporation acquired the medical imaging business of PerkinElmer Inc. These factors are expected to drive global veterinary radiography flat panel detector market growth.

Furthermore, strategies such as expansion of business in other regions by key players is also expected to propel the global veterinary radiography flat panel detector market growth over the forecast period. For instance, in February 2019, Varex Imaging Corporation, U.S. based company showcased products such as an X-ray tube, flat panel detectors, and software solutions, at the European Congress of Radiology conference. The company showcased its latest products alongside other radiology professionals, radiologists, and physicists at the conference.

Global Veterinary Radiography Flat Panel Detector Market Restraints

There are few side effects associated with radiography such as anemia, vomiting, internal bleeding, diarrhea, and permanent sterilization. Moreover, alternatives to radiography such as ultrasonic testing can lead to a decrease in adoption of radiography flat panel detectors. Hence, these factors are expected to restrain the global veterinary radiography flat panel detector market growth.