Veterinary Imaging Market Size, Share, Growth Report 2030

Veterinary Imaging Market

Veterinary Imaging Market By Animal Type (Small Companion Animals, Large Animals, Other Animals), By Product Type (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 Imaging Systems, Computed Tomography Imaging Systems, Stationary Multi-slice Computed Tomography Systems, Portable Computed Tomography Systems, Video Endoscopy Imaging Systems, Magnetic Resonance Imaging Systems, Other Imaging Systems, Veterinary Imaging Reagents, X-RAY and CT Contrast Reagents, MRI Contrast Reagents, Ultrasound Contrast Reagents, Veterinary Imaging Software), By Therapeutic Area (Orthopedics & Traumatology, Obstetrics & Gynecology, Oncology, Cardiology, Neurology, Dentistry, Other Therapeutic Areas)By End user (Veterinary Clinics and Diagnostic Centers, Veterinary Hospitals and Academic Institutions), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Category: Healthcare Report Format : PDF Pages: 160 Report Code: ZMR-1212 Published Date: Apr-2022 Status : Published

The global veterinary imaging market was worth around USD 1,529.50 million in 2021 and is estimated to grow to about USD 2269.74 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.8 percent over the forecast period.

Veterinary imaging Market: Industry Prospective

The global veterinary imaging market was worth around USD 1,529.50 million in 2021 and is estimated to grow to about USD 2269.74 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.8 percent over the forecast period.

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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 Market: Overview

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.

COVID-19 Impact:

The COVID-19 pandemic had a significantly adverse impact on the veterinary imaging market. The manufacturing of veterinary imaging equipment hit a snag as multiple facilities were closed down and similar the distribution was also affected due to lockdown restrictions across the world that hampered the sales and also demand-supply chains for the veterinary imaging market.

Lack of focus on animal healthcare in the 2020 pandemic led to a downfall of the veterinary imaging market and caused veterinary imaging companies to deal with massive losses. The negative trend of the market is expected to diminish as the pandemic subsides and the world returns to normal. As the restrictions are lifted we are expecting to see a hike in demand for veterinary imaging equipment as pet owners will be flocking for checkups and treatment procedures that were delayed by the pandemic.

Veterinary Imaging Market: Growth Drivers

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.

Veterinary imaging Market: Restraints

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.

Global Veterinary imaging Market: Segmentation

The global veterinary imaging market is segregated based on animal type, product type, therapeutic area, end user, and region.

By Product Type, the market is divided 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 Imaging Systems, Computed Tomography Imaging Systems, Stationary Multi-slice Computed Tomography Systems, Portable Computed Tomography Systems, Video Endoscopy Imaging Systems, Magnetic Resonance Imaging Systems, Other Imaging Systems, Veterinary Imaging Reagents, X-RAY and CT Contrast Reagents, MRI Contrast Reagents, Ultrasound Contrast Reagents, and Veterinary Imaging Software. The instruments segment will hold a dominant outlook over the forecast period owing to rising demand from multiple clinics and pharmacies.

By End-user, the veterinary imaging market is segmented into Veterinary Clinics and Diagnostic Centers, Veterinary Hospitals, and Academic Institutions. The veterinary clinics segment is expected to see high demand over the forecast period.

Report Scope:

 

Recent Developments

  • In September 2021 –  Heska Corporation a leading name in the pet care industry announced the acquisition of Biotech Laboratories USA LL which is aimed at expanding its product portfolio and intellectual property to strengthen its market stance.

Veterinary imaging Market: Regional Landscape

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.

Veterinary imaging Market: Competitive Landscape

Some of the main competitors dominating 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).

The global veterinary imaging market is segmented as follows:

By Animal type

  • Small Companion Animals
  • Large Animals
  • Other Animals

By Product Type

  • 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 Imaging Systems
  • Computed Tomography Imaging Systems
  • Stationary Multi-slice Computed Tomography Systems
  • Portable Computed Tomography Systems
  • Video Endoscopy Imaging Systems
  • Magnetic Resonance Imaging Systems
  • Other Imaging Systems
  • Veterinary Imaging Reagents
  • X-RAY and CT Contrast Reagents
  • MRI Contrast Reagents
  • Ultrasound Contrast Reagents
  • Veterinary Imaging Software

By Therapeutic Area

  • Orthopedics & Traumatology
  • Obstetrics & Gynecology
  • Oncology
  • Cardiology
  • Neurology
  • Dentistry
  • Other Therapeutic Areas

By End-user

  • Veterinary Clinics and Diagnostic Centers
  • Veterinary Hospitals and Academic Institutions

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

Increasing focus on animal healthcare, rising animal population, and high availability of veterinary imaging equipment are some major trends that guide veterinary imaging market growth.

According to the Market Research report, the global veterinary imaging market was worth about US$ 1,529.50 million in 2021 and is predicted to grow to around US$ 2269.74 million by 2028, with a compound annual growth rate (CAGR) of around 6.8 percent.

North America will lead the veterinary imaging market owing to the rising focus on animal healthcare and the increasing availability of veterinary imaging equipment.

Some of the main competitors dominating the global veterinary imaging market include -- GE Healthcare (US), Agfa-Gevaert N.V. (Belgium), Carestream Health (US), Esaote S.p.A (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).

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