Veterinary Imaging

Global Veterinary Imaging Market to Reach US$2.4 Billion by 2030

The global market for Veterinary Imaging estimated at US$1.8 Billion in the year 2024, is expected to reach US$2.4 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2024-2030. Veterinary Software, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$284.0 Million by the end of the analysis period. Growth in the Veterinary Imaging Reagents segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$476.2 Million While China is Forecast to Grow at 8.1% CAGR

The Veterinary Imaging market in the U.S. is estimated at US$476.2 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$541.4 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Global Veterinary Imaging Market - Key Trends & Drivers Summarized

What Is Veterinary Imaging and Why Is It Vital in Animal Healthcare?

Veterinary Imaging encompasses a range of diagnostic techniques used to visualize the internal structures of animals, aiding in the diagnosis and treatment of various medical conditions. Techniques such as X-ray, ultrasound, MRI, and CT scans provide detailed images of bones, organs, and tissues, enabling veterinarians to detect abnormalities, monitor disease progression, and guide surgical procedures. Veterinary imaging is a critical component of modern veterinary practice, supporting accurate and timely diagnoses that are essential for effective treatment. These imaging techniques are used across a wide spectrum of veterinary care, from routine examinations in small animal clinics to complex diagnostics in specialized veterinary hospitals.

How Has the Veterinary Imaging Market Evolved?

The Veterinary Imaging market has evolved significantly, driven by technological advancements and the growing demand for high-quality diagnostic tools in veterinary medicine. Early imaging techniques were often adapted from human medicine, with limited availability and high costs restricting their use to specialized veterinary practices. However, as technology has advanced, veterinary-specific imaging systems have been developed, offering features tailored to the unique needs of animal diagnostics. Innovations such as digital radiography, portable ultrasound machines, and MRI systems designed specifically for veterinary use have made advanced imaging more accessible and affordable to a wider range of veterinary practices. Additionally, the integration of imaging systems with digital health records and other veterinary software has enhanced the ability to track and analyze health trends, supporting more comprehensive and data-driven veterinary care.

Why Is There a Growing Demand for Veterinary Imaging?

The demand for Veterinary Imaging is growing due to several factors, including the increasing prevalence of animal diseases and the rising awareness of the importance of advanced diagnostics in veterinary care. The surge in pet ownership, particularly in developed regions, has led to greater investment in animal health, with pet owners seeking advanced imaging services to ensure the well-being of their animals. In addition, the expansion of the livestock industry, driven by the need to meet the growing demand for animal products, has heightened the focus on animal health management, leading to increased adoption of veterinary imaging. The rise in veterinary research, aimed at understanding and combating complex animal diseases, is also contributing to the demand for advanced imaging techniques. Moreover, the trend towards preventive veterinary care, which emphasizes early detection and management of diseases, is fueling the growth of the veterinary imaging market.

What Factors Are Driving the Growth in the Veterinary Imaging Market?

The growth in the Veterinary Imaging market is driven by several factors, including the increasing incidence of animal diseases and the growing demand for advanced diagnostic tools in veterinary practice. The rising pet population, coupled with an increased focus on pet health and preventive care, has led to greater demand for veterinary imaging, boosting the market. Additionally, the expansion of the livestock industry, where animal health directly impacts productivity and profitability, is driving the need for reliable imaging tools that can support effective disease management. Technological advancements in imaging, such as the development of portable and high-resolution imaging systems, are making these tools more accessible and effective, further fueling market growth. Furthermore, the integration of imaging systems with digital health records and other healthcare IT systems is enhancing the efficiency and accuracy of veterinary diagnostics, contributing to the overall growth of the market. Lastly, the growing emphasis on research and development in veterinary medicine, aimed at improving animal health outcomes, is expected to drive continued innovation and demand for veterinary imaging.

SCOPE OF STUDY:

The report analyzes the Veterinary Imaging market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Veterinary Imaging Instruments, Veterinary Software, Veterinary Imaging Reagents); Animal Type (Small Companion Animals, Large Animals, Other Animal Types); Therapeutic Area (Orthopedics & Traumatology, Oncology, Cardiology, Neurology, Other Therapeutic Areas); End-Use (Hospitals & Academic Institutions, Clinics & Diagnostic Centers)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 43 Featured) -

• Canon, Inc.
• Esaote SpA
• FUJIFILM Holdings Corporation
• GE Healthcare
• Hitachi Ltd.
• Idexx Laboratories, Inc.
• Siemens AG
• Vca, Inc.

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