Pets Get High-Tech Care: Veterinary Imaging Market Booms at 7.4% CAGR with Advanced Scans

Upgrade Your Pet's Care with Advanced Imaging! The Veterinary Imaging Market is booming ($1.9 Billion & Growing) thanks to CT Scans, MRIs & Ultrasounds for pets

The veterinary imaging market is experiencing significant growth due to a confluence of factors. One key driver is the rise of advanced animal imaging techniques. This includes technologies like computed tomography (CT) scans, magnetic resonance imaging (MRI), and ultrasounds. These advancements allow veterinarians to diagnose a wider range of conditions with greater accuracy, leading to improved treatment outcomes for pets.

Veterinary Imaging Market Overview and Analysis by product type, animal type, therapeutic areas, end user - forecast till 2030. According to an assessment offered by Market Research Future (MRFR), The Veterinary Imaging Market Size was valued at USD 1.9 billion in 2022 and is projected to grow from USD 2.04 Billion in 2023 to USD 3.61 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.4% during the forecast period (2023 - 2032).

    • The increasing awareness of zoonotic diseases has spurred a global push for accessible animal healthcare.
    • This has led to a surge in demand for advanced global medical equipment and supplies, particularly in the veterinary imaging sector.
  • Impact of Meat Industry:
    • The growth of the meat industry also contributes significantly to the demand for veterinary imaging devices.
    • Rising awareness of animal diseases prompts the meat industry to prioritize animal health, further boosting demand for veterinary imaging.
  • Effect of COVID-19:
    • The emergence of COVID-19 impacted the entire healthcare sector, including veterinary imaging.
    • Non-essential surgeries were restricted globally, leading to a temporary halt in market growth.
    • Transportation restrictions resulted in reduced patient influx in veterinary centers.
    • Shortage of skilled veterinarians and postponed surgeries disrupted veterinary facilities, albeit slightly.
    • However, increased pet ownership during the pandemic boosted demand for animal care, including veterinary imaging.
  • Market Segmentation:
    • Product: Segmented into veterinary imaging reagents, instruments, and veterinary software.
      • Instruments segment holds significant market position due to cost-effectiveness and accuracy.
    • Animal Type: Segmented into large companion animals, small animals, and others.
      • Small animals segment expected to witness substantial growth due to the rise in pet culture.
    • Therapeutic Area: Segmented into cardiology, orthopaedics traumatology, oncology, neurology, and others.
      • Orthopaedics traumatology segment projected to experience decent growth due to increasing burden of orthopedic diseases.
    • End-User: Segmented into academic institutes, hospitals clinics, and others.
      • Hospitals clinics segment poised to retain prominence in the foreseeable future.
  • Regional Analysis:
    • Americas: Hold the largest market share and expected to maintain dominance.
      • Increasing technological advancements in pet healthcare to drive market growth.
    • Europe: Likely to maintain second position, flourishing in developed country-level markets like Germany and France.
    • Asia Pacific: Anticipated to exhibit the most rapid pace of development.
      • Ongoing trend of nuclear families and rising pet adoption to drive market growth in the region.

Furthermore, the veterinary imaging market is bolstered by the increasing adoption of veterinary radiology and companion animal imaging. Veterinary radiology encompasses X-ray imaging, a more traditional yet crucial diagnostic tool for veterinarians.  The rising popularity of pet insurance and growing awareness of animal health are also contributing to the market's expansion. Pet owners are increasingly willing to invest in advanced diagnostic procedures for their furry companions, fueling the demand for veterinary imaging solutions.

Veterinary Imaging Market Players

The global veterinary imaging companies are Heska Corporation, Fujifilm Holding Corporation, Idexx Laboratory Inc, Canon, Carestream Health, Hallmarq Veterinary Imaging Ltd. and General Electric among others.

For more information visit at MarketResearchFuture

Explore Additional Insights with Our Related Reports:

US Pharmacy Management System Market

US Life Science Analytics Market

US Life Science Analytical Instruments Market

US Asthma Inhaler Device Market


Rahul Yash

234 Blog posts

Comments