PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1638755
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1638755
U.S. Equine Imaging Services Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
U.S. Equine Imaging Services Market reached USD 239.5 million in 2023 and is projected to grow at a CAGR of over 4.8% from 2024 to 2032. This growth is primarily fueled by advancements in imaging technologies, such as MRI and CT scans, which are significantly improving diagnostic accuracy. These innovations allow veterinarians to detect and address equine health issues more promptly, enhancing overall treatment outcomes.
Segmented by imaging modality, the market includes X-rays, ultrasound, MRI, nuclear imaging systems, CT scans, and other modalities. X-rays led the market, generating USD 96.2 million in revenue in 2023, driven by increased demand for equine diagnostics and a growing awareness of equine healthcare. X-ray imaging, a key non-invasive diagnostic tool, is particularly valuable for assessing bone structure, joint health, and certain soft tissue conditions, making it a vital component of equine care.
In terms of application, the market covers orthopedics, oncology, cardiology, neurology, and other areas. Orthopedics accounted for the largest share, holding 40.2% in 2023. The demand for orthopedic imaging is driven by the prevalence of bone-related issues such as fractures, osteoarthritis, and joint degeneration. Advanced imaging modalities like X-rays, MRI, and CT scans play a central role in diagnosing these conditions, supporting the growing need for effective orthopedic care within the expanding equestrian sports sector.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $239.5 Million |
| Forecast Value | $361.3 Million |
| CAGR | 4.8% |
The South Atlantic equine imaging services market, valued at USD 44.9 million in 2023, is anticipated to maintain a CAGR of 4.5% from 2024 to 2032. This Southeastern region, including states such as Florida, Georgia, North Carolina, South Carolina, and Virginia, is witnessing notable growth due to a flourishing equestrian industry. The area's strong demand for specialized veterinary services is encouraging the adoption of advanced imaging technologies, with Florida emerging as a significant center for equestrian events and veterinary care. Increasing numbers of clinics and hospitals equipped with specialized equine imaging capabilities are further boosting the market in this region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Technological advancements in equine imaging equipment
- 3.2.1.2 Increased awareness of equine health
- 3.2.1.3 Rising equine healthcare expenditures
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 High cost of imaging equipment
- 3.2.1 Growth drivers
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.5 Technological landscape
- 3.6 Future market trends
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company matrix analysis
- 4.3 Competitive analysis of major market players
- 4.4 Competitive positioning matrix
- 4.5 Strategy dashboard
Chapter 5 Market Estimates and Forecast, By Imaging Modality, 2021 - 2032 ($ Mn)
- 5.1 Key trends
- 5.2 X-rays
- 5.3 Ultrasound
- 5.4 MRI scans
- 5.5 Nuclear imaging systems
- 5.6 CT scans
- 5.7 Other imaging modalities
Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 ($ Mn)
- 6.1 Key trends
- 6.2 Orthopedics
- 6.3 Oncology
- 6.4 Cardiology
- 6.5 Neurology
- 6.6 Other applications
Chapter 7 Market Estimates and Forecast, By Zone, 2021 - 2032 ($ Mn)
- 7.1 Key trends
- 7.2 East North Central
- 7.3 West South Central
- 7.4 South Atlantic
- 7.5 Northeast
- 7.6 East South Central
- 7.7 West North Central
- 7.8 Pacific Central
- 7.9 Mountain States
Chapter 8 Company Profiles
- 8.1 Cornell University College of Veterinary Medicine
- 8.2 Hagyard Equine Medical Institute
- 8.3 Mid-Atlantic Equine Medical Center
- 8.4 Palm Beach Equine Clinic
- 8.5 Peterson Smith Equine Hospital
- 8.6 Rood & Riddle
- 8.7 Tennessee Equine Hospital
- 8.8 University of Pennsylvania, School of Veterinary Medicine
- 8.9 B.W. Furlong & Associates
- 8.10 Virginia Equine Imaging
