Veterinary Imaging - Global Strategic Business Report

The global market for Veterinary Imaging was valued at USD 1.8 Billion in 2024 and is projected to reach USD 2.4 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Veterinary Imaging Market - Key Trends & Drivers Summarized

What Is Veterinary Imaging and Why Is It Vital in Animal Healthcare?

Veterinary Imaging encompasses a range of diagnostic techniques used to visualize the internal structures of animals, aiding in the diagnosis and treatment of various medical conditions. Techniques such as X-ray, ultrasound, MRI, and CT scans provide detailed images of bones, organs, and tissues, enabling veterinarians to detect abnormalities, monitor disease progression, and guide surgical procedures. Veterinary imaging is a critical component of modern veterinary practice, supporting accurate and timely diagnoses that are essential for effective treatment. These imaging techniques are used across a wide spectrum of veterinary care, from routine examinations in small animal clinics to complex diagnostics in specialized veterinary hospitals.

How Has the Veterinary Imaging Market Evolved?

The Veterinary Imaging market has evolved significantly, driven by technological advancements and the growing demand for high-quality diagnostic tools in veterinary medicine. Early imaging techniques were often adapted from human medicine, with limited availability and high costs restricting their use to specialized veterinary practices. However, as technology has advanced, veterinary-specific imaging systems have been developed, offering features tailored to the unique needs of animal diagnostics. Innovations such as digital radiography, portable ultrasound machines, and MRI systems designed specifically for veterinary use have made advanced imaging more accessible and affordable to a wider range of veterinary practices. Additionally, the integration of imaging systems with digital health records and other veterinary software has enhanced the ability to track and analyze health trends, supporting more comprehensive and data-driven veterinary care.

Why Is There a Growing Demand for Veterinary Imaging?

The demand for Veterinary Imaging is growing due to several factors, including the increasing prevalence of animal diseases and the rising awareness of the importance of advanced diagnostics in veterinary care. The surge in pet ownership, particularly in developed regions, has led to greater investment in animal health, with pet owners seeking advanced imaging services to ensure the well-being of their animals. In addition, the expansion of the livestock industry, driven by the need to meet the growing demand for animal products, has heightened the focus on animal health management, leading to increased adoption of veterinary imaging. The rise in veterinary research, aimed at understanding and combating complex animal diseases, is also contributing to the demand for advanced imaging techniques. Moreover, the trend towards preventive veterinary care, which emphasizes early detection and management of diseases, is fueling the growth of the veterinary imaging market.

What Factors Are Driving the Growth in the Veterinary Imaging Market?

The growth in the Veterinary Imaging market is driven by several factors, including the increasing incidence of animal diseases and the growing demand for advanced diagnostic tools in veterinary practice. The rising pet population, coupled with an increased focus on pet health and preventive care, has led to greater demand for veterinary imaging, boosting the market. Additionally, the expansion of the livestock industry, where animal health directly impacts productivity and profitability, is driving the need for reliable imaging tools that can support effective disease management. Technological advancements in imaging, such as the development of portable and high-resolution imaging systems, are making these tools more accessible and effective, further fueling market growth. Furthermore, the integration of imaging systems with digital health records and other healthcare IT systems is enhancing the efficiency and accuracy of veterinary diagnostics, contributing to the overall growth of the market. Lastly, the growing emphasis on research and development in veterinary medicine, aimed at improving animal health outcomes, is expected to drive continued innovation and demand for veterinary imaging.

Report Scope

The report analyzes the Veterinary Imaging market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Product (Veterinary Imaging Instruments, Veterinary Software, Veterinary Imaging Reagents); Animal Type (Small Companion Animals, Large Animals, Other Animal Types); Therapeutic Area (Orthopedics & Traumatology, Oncology, Cardiology, Neurology, Other Therapeutic Areas); End-Use (Hospitals & Academic Institutions, Clinics & Diagnostic Centers).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Veterinary Software segment, which is expected to reach $284 Million by 2030 with a CAGR of a 4.7%. The Veterinary Imaging Reagents segment is also set to grow at 5.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $476.2 Million in 2024, and China, forecasted to grow at an impressive 8.1% CAGR to reach $541.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Canon, Inc., Esaote SpA, FUJIFILM Holdings Corporation, GE Healthcare, Hitachi Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Veterinary Imaging Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Veterinary Imaging Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Veterinary Imaging Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 43 major companies featured in this Veterinary Imaging market report include:

• Canon, Inc.
• Esaote SpA
• FUJIFILM Holdings Corporation
• GE Healthcare
• Hitachi Ltd.
• Idexx Laboratories, Inc.
• Siemens AG
• Vca, Inc.