Machine Vision Market Is Anticipated To Grow At A CAGR Of 8.5% During Forecast Up To 2025

Global Machine Vision Market is expected to reach USD 19.22 billion by 2025, according to a new report by Grand View Research, Inc. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food & beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.

The machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.

Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to a greater adaptability of the technology in industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.

The technology has proven to be of key importance in the area of manufacturing and quality control, owing to the increasing need for quality inspection and production. In addition, the growing automation in industrial segments is also facilitating the growth of the market worldwide at a considerable rate.

The technology has been witnessing extensive developments and innovative upgrades since its emergence. Several factors, such as the growing inception of the technology and increasing need for quality products, are influencing the market growth. Furthermore, machine vision systems are gaining traction in the medical and healthcare applications at a considerable pace. The analysis of medical images and robotic applications for carrying various medical activities are the key roles of the technology in these sectors.

The Asia Pacific region contributed to the largest market share in 2015, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region’s huge industrial expansion has been contributing to the prosperity and development of various innovations and the adoption of different technologies significantly.

In addition, factors such as increasing focus on developments and expenditures in vision-related research activities along with the growing manufacturing base in the region are expected to spur the technology market growth in Asia Pacific, in turn boosting the overall market at a notable pace. The market is anticipated to exhibit the fastest growth of 10.4% over the forecast period.

The industry is facing challenges due to lack of awareness among users about the rapidly advancing machine vision technology. Moreover, the complexity of integrating machine vision systems are the major difficulties being faced by manufacturers, which is also restraining the smoother growth of the industry.

Full Research Report On Global Machine Vision Market Analysis:  http://www.grandviewresearch.com/industry-analysis/machine-vision-market

Further key findings from the report suggest:

• The global machine vision technology market was valued at USD 9.10 billion in 2016 and is projected to grow at a CAGR of 8.5% from 2017 to 2025.
• The PC-based system segment accounted for the largest market size in 2016 and is estimated to generate USD 10.48 billion by 2025.
• The identification application segment is anticipated to exhibit the fastest growth rate over the forecast period followed by positioning and guidance applications.
• The European machine vision market is estimated to attain USD 4.47 billion by 2025.
• The industry is expected to witness a substantial growth in the Asia Pacific region over the next decade. This growth is witnessed in the wake of ample opportunities offered due to the presence of large manufacturing hubs in prominent countries (across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors) such as China and Japan. The regional market is expected to grow at a CAGR of 10.4% from 2017 to 2025.
• The prominent companies in the industry include Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Cognex Corporation (U.S.), Keyence Corporation (Japan), National Instruments (U.S.), Omron Corporation (Japan), Machine Vision Technology (UK), and Microscan Systems (U.S.).

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/technology

Grand View Research has segmented the Global Machine Vision Market based on offering, products, applications, and regions:

Machine Vision Offering Outlook (Revenue, USD Million; 2014 - 2025)

• Hardware
• Software

Machine Vision Product Outlook (Revenue, USD Million; 2014 - 2025)

• PC Based
• Smart Camera Based

Machine Vision Application Outlook (Revenue, USD Million; 2014 - 2025)

• Quality Assurance and Inspection
• Positioning and Guidance
• Measurement
• Identification

Machine Vision Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East & Africa

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-machine-vision-market       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Artificial Intelligence Market Size Is Anticipated To Reach $ 35,870 Million By 2025

Global Artificial Intelligence Market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc.

Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography.

The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.

AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands.

Full Research Report on Global Artificial Intelligence Market Analysis: http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market

Further key findings from the report suggest:

• Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption
• The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.
• The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace.
• The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa.
• The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation.  

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Artificial Intelligence Market based on solutions, technologies, end use, and regions:

Artificial Intelligence Solution Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware (HW)
• Software (SW)
• Services

Artificial Intelligence Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision

Artificial Intelligence End use Outlook (Revenue, USD Million, 2014 - 2025)

• Healthcare
• Robot Assisted Surgery
• Virtual Nursing Assistants
• Hospital Workflow Management
• Dosage Error Reduction
• Clinical Trial Participant Identifier
• Preliminary Diagnosis
• Automated Image Diagnosis
• BFSI
• Risk Assessment
• Financial Analysis/Research
• Investment/Portfolio Management
• Others
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Others

Artificial Intelligence Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• The Middle East & Africa

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-market      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Ammunition Market Size Is Projected To Reach $16.07 Billion By 2024

Global Ammunition Market is expected to reach USD 16.07 billion by 2024, according to a new report by Grand View Research, Inc. Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years. Civil and defense are the two key end-uses in the market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.

Advancements in Russian and U.S. regional markets coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market. The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry. However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.

Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors. However, the impacts of these factors are expected to reduce over the period of forecast.

Full Research Report On Global Ammunition Market Analysis: http://www.grandviewresearch.com/industry-analysis/ammunition-market

Further key findings from the report suggest:

• The global ammunition market size was estimated at USD 11.74 billion in 2015 and is expected to grow significantly by 2024 in light of technological advancements and development for the smart weapons to maintain law and order in developed economies.
• Bullet segment is expected to witness considerable gains at a CAGR of 3.8% from 2016 to 2024. This growth is attributed to the measures taken by different governments to introduce latest technologies for the overall advancement of the industry.
• AAI Corporation has developed an advanced light machine gun which uses 5.56mm ammo. This is also referred as telescoped ammunition and does not contain conventional brass cartridge, which reduces the weight approximately by 40% as compared to the traditional ammunition.
• Asia Pacific accounted for 32.9% of the overall revenue share in 2015 and is projected to witness high growth. Recent increase in terrorist activities along with the need to maintain internal peace and order, counties such as India, China and Pakistan are continuously enhancing their defense mechanism, which in turn is boosting the market.
• Ammunition industry is dominated by key participants including include General Dynamics Corporation, BAE Systems, Remington Arms Company, Inc., Ruag Ammotec, Poongsan Corporation, Federal Premium Ammunition and Maxam. Companies are collaborating in order to remain profitable and retain their position in the global market.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Ammunition Market on the basis of product, end-use and region:

Product Outlook (Revenue, USD Million, 2013 - 2024)

• Bullet
• Rocket
• Mortar
• Others

End-Use Outlook (Revenue, USD Million, 2013 - 2024)

• Civil
• Law Enforcement
• Sports and Hunting
• Self-defense
• Defense

Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Russia
• UK
• France
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Cuba
• MEA
• Saudi Arabia
• Israel

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-ammunition-market     

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Specialty Generics Industry Outlook By Executive Summary, Market Dynamics, Market Size And Growth Prospects 2014-2025

Global Specialty Generics Market is expected to reach USD 174.9 billion by 2025, according to a new report by Grand View Research, Inc. Rise in demand for low-cost generic specialty drugs is a major factor estimated to accelerate the market growth during the forecast period. Introduction of cost-effective drugs for the treatment of multiple sclerosis, cancer, and other infectious diseases is expected to showcase huge opportunities for the specialty generic drug manufacturers. According to U.S. FDA, generic drugs cost 80% to 85% lower as compared to branded drugs. One of the factors contributing to their affordable price is that they do not need to repeat expensive clinical trials, advertising, and promotional activities. Thus, low cost of generic specialty drugs is expected to accelerate the demand for these medicines.

Rise in number of off-patent specialty drugs is another major factor expected to support growth of the specialty generic drugs market. For instance, the patent for Gilenya, a blockbuster drug by Novartis, will expire in 2019. This drug led to USD 3.1 billion in sales in 2016 for Novartis, with 14% sales growth. In April 2017, Novartis failed to acquire patent extension for Gilenya till 2026 in the U.S. Federal Circuit. Such early patent expirations are expected to boost the entry of new generics.

Full Research Report on Global Specialty Generics Market Analysis: http://www.grandviewresearch.com/industry-analysis/specialty-generics-market

Further Key Findings From the Report Suggest:

• In 2016, injectables was the largest revenue-grossing segment in the market due to its high usage and efficacy in treatment of severe chronic diseases
• The oncology segment accounted for the largest revenue share in 2016 and is expected to maintain its dominance during the forecast period due to worldwide rise in cancer prevalence
• The specialty pharmacy was the largest revenue-generating segment in end use and is estimated to maintain its dominance during the forecast period. This is due to the fact that specialty pharmacies are dedicated to distribution of highlycomplex, costly, and high-touch medicine
• North America dominated the total market in 2016 primarily due to the presence of highly developed healthcare infrastructure and local presence of large number of established pharmaceutical companies
• The Asia Pacific market is estimated to grow at the highest growth rate during the forecast period. Rising prevalence of chronic diseases, developing healthcare infrastructure, and escalating disposable income in Asian countries, such as China and India, are major factors that can be attributed to the growth

• Some of the major players are Teva Pharmaceuticals USA, Inc.; Mylan N.V.; Sandoz International GmbH; Akorn, Inc.; Mallinckrodt; Valeant Pharmaceuticals International, Inc.; Pfizer, Inc.; Endo Pharmaceuticals, Inc.; Apotex Corp.; Sun Pharmaceutical Industries Ltd.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the Global Specialty Generic Drugs Market on the basis of type, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2014 - 2025)

• Injectables
• Oral
• Others

Application Outlook (Revenue, USD Billion; 2014 - 2025)

• Oncology
• Inflammatory conditions
• Multiple sclerosis
• Hepatitis C
• Others

End-use Outlook (Revenue, USD Billion; 2014 - 2025)

• Specialty pharmacy
• Retail pharmacy
• Hospital pharmacy

Regional Outlook (Revenue, USD Billion; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

View press release of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-specialty-generics-market      

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

3D Printing (3DP) Market Is Likely To Reach USD 8,675.7 Million By 2020

Global 3D Printing Market was estimated to be USD 2,183 million in 2012, and is expected to reach USD 8,675.7 million by 2020, as per a new study by Grand View Research, Inc. The ability to facilitate low-volume manufacturing in a cost-effective manner is expected to fuel the market over the next few years. Further, the report analyses that the growing need for flexible and customized products is expected to positively impact demand for 3D printing.

Automotive and healthcare industries in particular, are estimated to be key growth areas for revenue generation. Automotive is expected to be the largest and fastest growing application, with an estimated CAGR of 19.6% from 2013 to 2020. The market for medical applications was valued at USD 397.2 million in 2012, with dental applications expected to contribute largely to this segment. Concerns over protection of intellectual property from products manufactured using 3D printing are expected to restrain the industry from reaching its target potential. Backward integration in the value chain in terms of acquisitions of software 3D designing participants has been analyzed to be an opportunity for gaining competitive advantage.

Full Research Report On Global 3D Printing (3DP) Market Analysis: http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis

Further Key findings from the study suggest:

• North America led the market, with approximately 42% of the overall market share in 2012
• Europe is expected to grow at the highest CAGR of 20.4% from 2013 to 2020, which can primarily be attributed to increase in funding from regulatory bodies. Furthermore, increasing investment in research and development are expected to be favorable factors for market expansion in this region
• In terms of raw material used for manufacturing, polymers are expected to dominate the market, and accounted for more than 35% of the overall revenue in 2012
• The industry is moderately consolidated, with mergers and acquisitions emerging as the key growth strategy. Major industry participants include Stratasys Inc., 3D Systems Corporation, Envisiontec GmbH, and Materialise NV among others.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research’s report estimates the market in terms of revenue (USD Million) and segments it as follows: 

3D Printing Application Outlook:

• Automotive
• Aerospace
• Consumer Products
• Medical
• Others

3D Printing Raw Material Outlook:

• Polymers
• Metals
• Ceramic
• Others

3D Printing Regional Outlook:

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

View Blog on Global 3D Printing (3DP) Market by Grand View Research: http://www.grandviewresearch.com/blog/3d-printing-industry   

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Sodium Chlorite Market Qualitative Analysis By Industry Overview, Trends, Market Drivers And Restraints 2014-2025

Global Sodium Chlorite Market is expected to reach USD 256.4 million by 2025, growing at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Superior antimicrobial, bleaching and disinfectant properties offered by the product is expected to drive its demand in water treatment, pulp & paper, medical and textile applications.

Sodium chlorite manufacturers compete on the basis of product price, grades, and their global reach. Chinese companies are the price settlers for the product as the region dominates the production in the world. Increasing raw material prices coupled with competitive pricing in the industry are expected to hamper the profit margins for the players.

The product has been labelled as a hazardous material under USDOT regulations (49 CFR) and has to adhere to all 49 CFR regulations, which makes the shipping of the chemical an expensive proposition. Thus, shipping smaller quantities of the product is not a cost-effective practice, which compels manufacturers to trade their products in bulk quantities.

Full Research Report on Global Sodium Chlorite Market Analysis:
http://www.grandviewresearch.com/industry-analysis/sodium-chlorite-market

Further key findings from the report suggest:

• The demand for the chemical as a disinfectant was valued at USD 92.7 million in 2016, and is expected to grow over the projected to period, owing to its increasing penetration in water treatment and medical application
• Water treatment was the largest application for the product accounting for 53.2% of the overall demand in 2016. Excellent biocidal and antimicrobial properties associated the product is expected to propel its demand in water treatment application
• The demand for the product in textile industry is expected to grow at a CAGR of 6.3% from 2017 to 2025, owing to its emergence as an excellent source for chlorine dioxide, which is a key bleaching agent required during fabric manufacturing
• Asia Pacific dominated the industry accounting over 75% of the global production, with China being the largest producer in the region. Rapid growth of domestic pulp & paper and water treatment industries in the region is expected to surge domestic consumption
• North America is expected to witness a growth of 5.4% from 2017 to 2025 owing to rising government focus to improve water and wastewater treatment processes in the region
• OxyChem dominates the industry in the North America, as it the only producer of the chemical in the U.S. The company owns manufacturing facility for the product in Wichita, Kansas, wherein they produce both solid and liquid grades of the product
• The key players involved include DuPont, ERCO Worldwide, Occidental Petroleum Corporation (OxyChem) and American Elements

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/disinfectants-and-preservatives

Grand View Research has segmented the Global Sodium Chlorite Market on the basis of application, end-use and region:

Application Outlook (Volume, Tons; Revenue, USD Thousands, 2012 - 2025)

• Disinfectant
• Antimicrobial agent
• Bleaching agent
• Others

End- Use Outlook (Volume, Tons; Revenue, USD Thousands, 2012 - 2025)

• Water treatment
• Paper
• Textile
• Medical
• Others

Regional Outlook (Volume, Tons; Revenue, USD Thousands, 2012 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Italy
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Mexico
• Middle East
• United Arab Emirates
• Saudi Arabia
• Kuwait
• Qatar
• Oman
• Africa

View press release of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-sodium-chlorite-market      

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Veterinary Software Market Study Report Provides An Analysis Of The Industry Trends In Each Of The Sub-Segments From 2014-2025

Global Veterinary Software Market is expected to reach USD 696.0 million by 2025, growing at a CAGR of 8.9%, according to a new report by Grand View Research, Inc. Increase in prevalence of zoonotic diseases is a key market driver for the growth of this market. Rising prevalence has triggered the demand for animal health diagnostics & monitoring services, which is expected to drive the market growth over the forecast period.

The growing adoption of integrated software systems for diagnostics & treatment is anticipated to fuel the growth over the following years. Pet health information systems that enable real-time analysis of prevalence of diseases will help researchers develop therapeutics. The incorporation of these solutions in laboratories is another growth propeller for veterinary reference laboratories.

Moreover, zoonotic diseases pose a major public health burden, especially in tropical regions due to lack of funds and healthcare infrastructure. Increase in willingness to pay for animal healthcare is expected to fuel the adoption of animal health diagnostics and imaging software over the forecast period.

Full Research Report on Global Veterinary Software Market Analysis:
http://www.grandviewresearch.com/industry-analysis/veterinary-software-market

Further Key Findings From the Study Suggest:

• Practice management systems held the dominant share due to benefits with its usage including medical record maintaining, billing, appointment scheduling, and follow up of patients
• The imaging software segment is anticipated to witness lucrative CAGR over the following years due to increase in investments from veterinary product manufacturers coupled with introduction of advanced solutions
• Food-producing animals accounted for largest revenue share in 2016 owing to increasing demand from consumers
• The rise in production of animal-based food products is expected to lead to significant price reduction and help meet the increasing demand for these food products, globally. In addition, animal welfare organizations are consistently striving to achieve high food security
• Reference laboratories are expected to grow with the fastest CAGR during the forecast period owing to growing demand from veterinary practitioners
• The North America veterinary software market held the dominant share as of 2016, owing to increasing number of pet owners in this region
• Asia Pacific regional market is anticipated to show lucrative CAGR due to increase in number of mergers & acquisitions by established players in this region
• IDEXX Laboratories; Patterson Companies, Inc.; and Henry Schein, Inc. held the dominant revenue share of the industry owing to their wide regional presence and technologically advanced product offerings
• Competitive strategies such as new product developments, regional expansion, and merger & acquisitions are expected to propel growth
• For instance, in February 2016, the company completed the acquisition of RxWorks with an intention to set up veterinary practice management software business, primarily in the UK, Australia, New Zealand, Netherlands, and other countries

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented Global Veterinary Software Market on the basis of the
product, delivery mode, practice type, end use, and region:

Veterinary Software Product Outlook (Revenue, USD Million, 2014 - 2025)

• Practice Management Software
• Imaging Software

Veterinary Software Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)

• On Premise
• Cloud/Web-Based

Veterinary Software Practice Type Outlook (Revenue, USD Million, 2014 - 2025)

• Small Animals
• Mixed Animals
• Equine
• Food Producing Animals
• Others

Veterinary Software End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Hospitals/Clinics
• Reference Laboratories

Veterinary Software Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• Japan
• China
• India
• Latin America
• Mexico
• Brazil
• MEA
• South Africa

View press release of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-veterinary-software-market     

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com