PUBLISHER: The Business Research Company | PRODUCT CODE: 1664787
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664787
Veterinary imaging serves as a diagnostic tool enabling veterinarians to capture detailed internal images of animals, aiding in the identification and diagnosis of various medical conditions.
The primary products in the field of veterinary imaging include veterinary imaging instruments, veterinary software, and veterinary imaging reagents. These imaging instruments are cost-effective and non-invasive, designed specifically for diagnosing animal diseases. They offer precise and detailed images of animals' internal organs and bones, enhancing the quality of animal care. Veterinary clinics, hospitals, and other institutions utilize these instruments for applications such as orthopedics, traumatology, oncology, cardiology, and neurology, catering to both small companion animals and large animals.
The veterinary imaging market research report is one of a series of new reports from The Business Research Company that provides veterinary imaging market statistics, including veterinary imaging industry global market size, regional shares, competitors with an veterinary imaging market share, detailed veterinary imaging market segments, market trends, and opportunities, and any further data you may need to thrive in the veterinary imaging industry. This veterinary imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The veterinary imaging market size has grown strongly in recent years. It will grow from $1.87 billion in 2024 to $2.02 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increasing pet ownership, advancements in veterinary care, prevalence of veterinary diseases, humanization of pets, companion animal industry growth.
The veterinary imaging market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to rising focus on preventive veterinary care, increasing specialty veterinary services, global expansion of veterinary services, technological integration in veterinary practices, growing awareness of zoonotic diseases. Major trends in the forecast period include customization for different animal species, introduction of 4d imaging technology, enhancements in ultrasound technology, increased use of digital radiography, application of veterinary imaging in research.
The veterinary imaging market is anticipated to experience growth, propelled by an increased demand for meat and dairy products. Meat and dairy products encompass animal-derived food items such as beef, pork, poultry, milk, cheese, and yogurt. As these products are essential components of the global diet, veterinary imaging plays a pivotal role in maintaining the health and well-being of livestock animals, crucial for meat and dairy production. The OECD-FAO Agricultural Outlook 2022-2031, reported by the Organization for Economic Co-operation and Development (OECD), projects global meat production to reach 377 million tons in 2023, highlighting the significant role of veterinary imaging in sustaining the production of meat and dairy.
The veterinary imaging market is poised for growth due to the rising prevalence of veterinary diseases. Veterinary diseases encompass various conditions affecting the health of livestock, domestic pets, and wildlife. With an expanding population of companion animals and livestock, there is an observed increase in the incidence of diseases and conditions necessitating diagnostic imaging for accurate diagnosis and treatment. Veterinary imaging employs diagnostic techniques to provide care to animals afflicted with diverse diseases and ailments. For example, in a period between August and October 2022, the World Health Organization reported 47 confirmed cases of Rift Valley fever (RVF) in Mauritania, primarily affecting animal breeders and resulting in 23 recorded deaths. This underscores the importance of veterinary imaging in addressing and managing the rising prevalence of veterinary diseases.
Prominent players in the veterinary market are driving innovation by introducing cutting-edge products such as the zero-helium small animal 1.5T MRI machine, revolutionizing diagnostic capabilities in animals. This innovative MRI system employs a conduction-based cooling system in a vacuum, eliminating the need for helium, quench pipes, oxygen monitors, conventional external chillers, or additional power. In April 2023, Hallmarq Veterinary Imaging, a UK-based diagnostic imaging service provider, launched the Zero-helium small animal 1.5T MRI machine. The system is designed to enhance diagnostic care accessibility for small animal patients while mitigating financial, environmental, and supply chain risks associated with traditional helium-based MRI systems. It represents an evolutionary leap forward from previous models, combining proven efficiency with a more sustainable cooling system.
Product innovation stands out as a key trend in the veterinary imaging market, with major industry players focusing on developing and introducing new solutions to solidify their market presence. In January 2023, Esaote SpA, an Italy-based medical diagnostic equipment manufacturing company, introduced the Magnifico Vet MRI system. This novel imaging solution is environmentally friendly, incorporating long-lasting green permanent magnet technology, cryogen-free operation, and reduced power consumption compared to superconducting systems. Equipped with advanced technologies such as Metal Artefact Reduction (MAR) for post-surgical imaging and Speed Up and TR Reduction for shorter exam times, the Magnifico Vet MRI system provides imaging versatility across various clinical applications.
In July 2022, Zomedica Corp, a leading US-based veterinary health company, acquired Revo Squared LLC. The acquisition positions Zomedica to leverage Revo's innovative MicroView digital cytology platform, providing veterinarians with superior image quality. Revo Squared LLC, a US-based medical equipment manufacturer specializing in veterinary imaging devices, brings valuable expertise to Zomedica's portfolio.
Major companies operating in the veterinary imaging market include Agfa-Gevaert N.V., Canon Inc., Carestream Health, Draminski S.A., E.I. Medical Imaging, Esaote S.P.A., Fujifilm Holdings Corporation, GE Healthcare, Heska Corporation, IDEXX Laboratories Inc., Konica Minolta Inc., MinXray Inc., Clarius Mobile Health, Shenzhen Ricso Technology Co. Ltd., ClearVet Digital Radiography Systems, Mindray Medical International Limited, Siemens Healthineers, Samsung Electronics Co. Ltd., IMV imaging, Epica Animal Health, Hallmarq Veterinary Imaging, Hitachi Ltd., NeuroLogica Corp., Oncovision, PerkinElmer Inc., Planmed Oy, Sedecal Veterinary, Shantou Institute of Ultrasonic Instruments Co. Ltd, Shimadzu Corporation, Sonoscape Medical Corp., Toshiba Medical Systems Corporation, Trixell, Varex Imaging Corporation, Vetel Diagnostics, VetRocket LLC, Vieworks Co. Ltd., Xoran Technologies LLC, Ziehm Imaging GmbH
North America was the largest region in the veterinary imaging market in 2024. The regions covered in the veterinary imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the veterinary imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The veterinary imaging market consists of revenues earned by entities by providing imaging services such as ultrasonography, magnetic resonance imaging, and fluoroscopy. The market value includes the value of related goods sold by the service provider or included within the service offering. The veterinary imaging market also includes sales of nuclear medicine, which are used in providing veterinary imaging services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Veterinary Imaging Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on veterinary imaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for veterinary imaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The veterinary imaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.