Veterinary Imaging Equipment Market Report 2025

The veterinary imaging equipment market size has grown strongly in recent years. It will grow from $1.99 billion in 2024 to $2.1 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to a rise in pet ownership, the prevalence of veterinary diseases, the expansion of veterinary services, increase in animal health expenditure, awareness and education.

The veterinary imaging equipment market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to rising demand for specialty veterinary services, telemedicine and remote imaging, globalization of veterinary services, focus on preventive care, and growing research in veterinary imaging. Major trends in the forecast period include advancements in imaging technologies, a growing focus on point-of-care imaging, integration of artificial intelligence (AI), specialized imaging for exotic animals, telemedicine, and remote imaging consultations.

The anticipated rise in the livestock population is expected to drive the demand for veterinary imaging equipment in the market. With the increasing number of livestock and the prevalence of associated diseases, there is a growing need for veterinary medical equipment, including imaging devices, to effectively diagnose and treat various ailments in animals. According to the Food and Agriculture Organization of the United Nations, the global cattle population is projected to reach 2.6 billion by 2050, and the combined global population of goats and sheep is estimated to reach 2.7 billion by the same year. Consequently, the expansion of the livestock population is anticipated to fuel the demand for veterinary imaging equipment in the forecast period.

The growth in livestock farming is expected to drive the expansion of the veterinary imaging equipment market in the coming years. Livestock farming involves rearing domesticated animals in an agricultural setting for various purposes, including meat, labor, and other products. Veterinary imaging technology is crucial for diagnosing and treating conditions in livestock. The use of advanced imaging technologies, such as CT and MRI scanners, is becoming increasingly common in veterinary medicine, as it enhances veterinarians' diagnostic capabilities. For instance, in August 2024, a UK government report indicated that the number of turkeys had increased by 29% to 3.1 million birds in 2024, recovering from a decline caused by avian influenza and rising input costs. Additionally, the number of pigs in England rose by 1.3% to 3.7 million, driven by a 1.5% increase in the number of fattening pigs. Therefore, the growth in livestock farming is propelling the veterinary imaging equipment market.

Prominent companies in the veterinary imaging equipment market are directing their efforts toward introducing portable or wireless devices, emerging as a prominent trend in the industry. An example of this trend is reflected in the launch of Planmed Verity® VET by Planmed, a Finnish-based imaging systems designer and manufacturer, in September 2022. This high-resolution CT scanner is specifically designed for veterinary 3D imaging, offering precise submillimeter-resolution 3D images of skeletal structures, including teeth, skull, and extremities. The portable and compact Planmed Verity VET scanner allows easy access to 3D imaging, bringing advanced diagnostic capabilities directly to the animal patient.

Key players in the veterinary diagnostic equipment market are also prioritizing innovation, exemplified by the development of products such as portable ultrasound sonobooks to cater to the evolving needs of their customer base. A portable ultrasound sonobook is a versatile imaging device that can be repositioned as needed, addressing various imaging requirements such as cardiovascular, general practice, obstetric, and gynecological imaging. An illustration of this innovation is seen in the launch of the portable color Doppler ultrasound SonoBook 9 VET by CHISON Medical Technologies Co., Ltd., a China-based imaging equipment manufacturing company, in November 2022. This product, designed for veterinary applications, boasts revolutionary technology, intelligent features, enhanced performance, a higher frame rate, and high resolution, catering to a range of clinical applications in cardiology, micro-magnetic navigation, cancer, developmental biology, abdominal organs, and more.

In September 2024, Technologies Group, a Netherlands-based company focused on providing innovative solutions and services across various sectors, acquired UD Vet B.V. for an undisclosed amount. The aim of this acquisition is to expand Technologies Group's product offerings, strengthen its market position, leverage expertise, and drive innovation in the veterinary sector. UD Vet B.V., also based in the Netherlands, specializes in veterinary products and solutions.

Major companies operating in the veterinary imaging equipment market include Siemens AG, General Electric Healthcare, Canon Inc., Toshiba Corp., Fujifilm Holdings Corporation, Covetrus Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mindray Medical International Limited, IDEXX Laboratories Inc., Agfa-Gevaert N.V., Carestream Health Inc., Midmark Corporation, Esaote S.P.A, Sedecal USA Inc., Chison Medical Imaging Co.Ltd., Digicare Biomedical Technology Inc., DRE Veterinary Inc., Vetland Medical Sales and Services LLC, Hallmarq Veterinary Imaging Ltd., MinXray Inc., Diagnostic Imaging Systems Inc., BCF Technology Ltd., Vetronic Services Ltd.

North America was the largest region in the veterinary imaging equipment market in 2024. Asia-Pacific was the second-largest region in the global veterinary imaging equipment market share. The regions covered in the veterinary imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary imaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The veterinary imaging equipment market consists of sales of positron-emission tomography, nuclear medicine imaging, fluoroscopy, and echocardiography. 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.

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