Global Veterinary Imaging Market to Witness 7-8% CAGR Growth with Key Technological Innovations by 2030
The veterinary
imaging market is expected to grow at a CAGR of approximately
7-8% from 2025 to 2030. This expansion is fueled by the rising
adoption of advanced imaging technologies, increased pet ownership, higher
spending on companion animal health, and the growing prevalence of chronic
diseases such as arthritis and cancer in animals. However, the high cost of
imaging equipment and the limited availability of skilled professionals to
operate advanced systems remain challenges that could hinder growth in certain
regions.
The veterinary imaging market revolves around diagnostic
technologies specifically designed for animals, enabling the detection and
treatment of various health issues in pets, livestock, and wildlife. It
includes advanced imaging modalities such as X-rays, ultrasound, MRI,
and CT scans tailored to veterinary applications. These tools play a crucial
role in assessing animal anatomy and internal conditions, providing accurate
and non-invasive diagnostic solutions. With an increasing focus on animal
health and welfare, veterinary imaging has become indispensable in
improving the quality of veterinary care worldwide.
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The Surge in Pet Ownership and Enhanced Focus on
Companion Animal Health
The rising global trend of pet ownership, coupled with an
emotional bond between humans and animals, has significantly boosted the demand
for advanced veterinary care. Pets are increasingly seen as family members,
leading to greater investment in their health and well-being. This shift has
driven demand for diagnostic tools like imaging systems, which enable precise
diagnosis of conditions such as tumors, fractures, and cardiovascular issues.
Regular health check-ups, enabled by increasing disposable incomes, have
further amplified the use of veterinary imaging. Additionally, the growing
population of aging pets with chronic illnesses has made advanced imaging
indispensable for early detection and effective management of diseases. This
evolving dynamic highlights the growing societal commitment to animal welfare
and underscores the critical role of advanced diagnostic tools in ensuring
high-quality veterinary care. As the demand for early detection and effective
disease management continues to rise, veterinary imaging remains integral in
meeting the health needs of companion animals, driving the market's sustained
growth and innovation.
Artificial Intelligence in Veterinary Imaging:
Transforming Diagnostic Precision
The integration of AI in veterinary imaging systems is
redefining diagnostic accuracy and efficiency. AI algorithms can analyze images
from X-rays, CT scans, and ultrasounds to detect abnormalities
with high precision, often surpassing human capabilities. This innovation not
only reduces diagnostic errors but also accelerates decision-making, which is
critical in emergency cases. For instance, AI systems can identify subtle signs
of osteoarthritis or minute fractures, ensuring early intervention. Additionally,
AI-enabled platforms are making veterinary imaging accessible to remote areas
through cloud-based technologies, allowing veterinarians to consult with
specialists or diagnose conditions from a distance. These advancements not only
improve care quality but also enhance workflow efficiency, establishing AI as a
transformative force in the veterinary imaging market.
Competitive Landscape Analysis
The global veterinary imaging market is marked by the
presence of established and emerging market players such as IDEXX
Laboratories, Inc.; ESAOTE SPA; Mars, Inc.; 3M Company; GE HealthCare;
Midmark Corporation; FUJIFILM Corporation; Hallmarq Veterinary Imaging;
Canon Medical Systems Corporation; Shenzhen Mindray Animal Medical Technology
Co., Ltd. and IMV Imaging among others. Some of the key strategies
adopted by market players include new product development, strategic
partnerships and collaborations, and geographic expansion.
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Global Veterinary Imaging Market Segmentation
This report by Medi-Tech Insights provides the size of
the global veterinary imaging market at the regional- and country-level
from 2023 to 2030. The report further segments the market based on product,
solutions, animal type, application and end-user.
Market Size & Forecast (2023-2030), By Product, USD
Million
- X-ray
- Ultrasound
- MRI
- CT
Imaging
- Video
Endoscopy
Market Size & Forecast (2023-2030), By Solutions, USD
Million
- Equipment
- Accessories/
Consumables
- PACS
Market Size & Forecast (2023-2030), By Animal Type,
USD Million
- Small
Animals
- Large
Animals
- Others
Market Size & Forecast (2023-2030), By Application,
USD Million
- Orthopedics
and Traumatology
- Oncology
- Cardiology
- Neurology
- Respiratory
- Dental
Application
- Others
Market Size & Forecast (2023-2030), By End-user, USD
Million
- Veterinary
Hospitals
- Veterinary
Clinics
- Others
Market Size & Forecast (2023-2030), By Region, USD
Million
- North
America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- Rest
of Europe
- Asia
Pacific
- China
- India
- Japan
- Rest
of Asia Pacific
- Latin
America
- Middle
East & Africa
About Medi-Tech Insights
Medi-Tech Insights is a healthcare-focused business research & insights
firm. Our clients include Fortune 500 companies, blue-chip investors &
hyper-growth start-ups. We have completed 100+ projects in Digital Health,
Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the
areas of market assessments, due diligence, competitive intelligence, market
sizing and forecasting, pricing analysis & go-to-market strategy. Our
methodology includes rigorous secondary research combined with deep-dive
interviews with industry-leading CXO, VPs, and key demand/supply side
decision-makers.
Contact:
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
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