Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1956.3 Million | USD 3977.67 Million | 7.5% | 2024 |
The global veterinary imaging market size was worth around USD 1956.3 Million in 2024 and is predicted to grow to around USD 3977.67 Million by 2034 with a compound annual growth rate (CAGR) of roughly 7.5% between 2025 and 2034. The report analyzes the global veterinary imaging market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the veterinary imaging industry.
The report analyzes the veterinary imaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the veterinary imaging market.
Veterinary imaging is expected to see high demand over the forecast period as the focus on animal healthcare has substantially increased across the world. The increasing use of companion animals by humans has majorly boosted the demand for veterinary imaging and increased pet ownership as well.
Increasing government initiatives to promote veterinary health and rising focus on animal healthcare by animal owners are also expected to boost veterinary imaging market potential in the long run. The increasing availability of veterinary imaging equipment will also prove to be a major factor favoring the veterinary imaging market growth through the forecast period.
High costs of veterinary imaging equipment and lack of skilled professionals to operate the equipment are expected to be major restraints to the overall market growth in the long run and slow down the demand for veterinary imaging.
Increasing Number of Companion Animals
Companion animals have seen a major boom in popularity in the past few years and this trend is expected to majorly propel the veterinary imaging market potential over the forecast period as well. Positive health benefits of having a companion animal such as reduced cardiac arrhythmias, normalized blood pressure, and decreased anxiety are major factors that have boosted the companion animal population across the world and the need for their healthcare as well. This is subsequently driving the veterinary imaging market potential over the forecast period through 2028.
High Costs of Equipment
Veterinary imaging instruments are very costly due to multiple costly components and use of advanced technologies in them. This factor alone is expected to have a major hindering effect on the veterinary imaging market potential over the forecast period. Veterinary imaging companies are investing in research and development to derive more affordable solutions in order to boost sales and generate revenue.
The global veterinary imaging market is segmented based on Animal Type, Product Type, Therapeutic Area, End-user, and region.
Based on Animal Type, the global veterinary imaging market is divided into Small Companion Animals, Large Animals, Other Animals.
On the basis of Product Type, the global veterinary imaging market is bifurcated into Veterinary Imaging Instruments, Radiography (X-RAY), Computed Radiography Systems, Direct Radiography Systems, Film-based Radiography Systems, Ultrasound Imaging Systems, 2D Ultrasound Imaging Systems, 3D/4D Ultrasound Imaging Systems, Doppler Ultrasound .
By Therapeutic Area, the global veterinary imaging market is split into Orthopedics & Traumatology, Obstetrics & Gynecology, Oncology, Cardiology, Neurology, Dentistry, Other Therapeutic Areas.
In terms of End-user, the global veterinary imaging market is categorized into Veterinary Clinics and Diagnostic Centers, Veterinary Hospitals and Academic Institutions.
Report Attributes | Report Details |
---|---|
Report Name | Veterinary Imaging Market |
Market Size in 2024 | USD 1956.3 Million |
Market Forecast in 2034 | USD 3977.67 Million |
Growth Rate | CAGR of 7.5% |
Number of Pages | 188 |
Key Companies Covered | GE Healthcare (US), Agfa-Gevaert N.V. (Belgium), Carestream Health (US), Esaote S.p.An (Italy), IDEXX Laboratories Inc (US), Mindray Medical International Limited (China), Canon Inc. (Japan), Heska Corporation (US), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Konica Minolta Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), E.I. Medical Imaging (US), IMV imaging (UK), SEDECAL (Spain), Clarius Mobile Health (Canada), Shenzhen Ricso Technology Co. Ltd. (China), DRAMIÑSKI S.A. (Poland), Epica Animal Health (US), and ClearVet Digital Radiography Systems (US), MinXray Inc. (US), Hallmarq Veterinary Imaging (UK), Shantou Institute of Ultrasonic Instruments Co., Ltd (China), Sonoscape Medical Corp. (China), and Reproscan (US)., and others. |
Segments Covered | By Animal Type, By Product Type, By Therapeutic Area, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America will lead the veterinary imaging market owing to the rising focus on animal healthcare and the increasing availability of veterinary imaging equipment. The presence of key veterinary imaging companies, rising companion animal population, increasing awareness about veterinary care, and rising pet ownership are major trends propelling the veterinary imaging market growth in this region through 2028. The United States is expected to be the most notable market in this region over the forecast period.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the veterinary imaging market on a global and regional basis.
The global veterinary imaging market is dominated by players like:
By Animal Type
By Product Type
By Therapeutic Area
By End-user
By Region
FrequentlyAsked Questions
Veterinary imaging is expected to see high demand over the forecast period as the focus on animal healthcare has substantially increased across the world.
The global veterinary imaging market is expected to grow due to increasing pet adoption, rising demand for advanced diagnostic tools in animal healthcare, and technological advancements in imaging systems.
According to a study, the global veterinary imaging market size was worth around USD 1956.3 Million in 2024 and is expected to reach USD 3977.67 Million by 2034.
The global veterinary imaging market is expected to grow at a CAGR of 7.5% during the forecast period.
North America is expected to dominate the veterinary imaging market over the forecast period.
Leading players in the global veterinary imaging market include GE Healthcare (US), Agfa-Gevaert N.V. (Belgium), Carestream Health (US), Esaote S.p.An (Italy), IDEXX Laboratories Inc (US), Mindray Medical International Limited (China), Canon Inc. (Japan), Heska Corporation (US), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Konica Minolta Inc. (Japan), Samsung Electronics Co., Ltd. (South Korea), E.I. Medical Imaging (US), IMV imaging (UK), SEDECAL (Spain), Clarius Mobile Health (Canada), Shenzhen Ricso Technology Co. Ltd. (China), DRAMIÑSKI S.A. (Poland), Epica Animal Health (US), and ClearVet Digital Radiography Systems (US), MinXray Inc. (US), Hallmarq Veterinary Imaging (UK), Shantou Institute of Ultrasonic Instruments Co., Ltd (China), Sonoscape Medical Corp. (China), and Reproscan (US)., among others.
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