Global Veterinary Imaging
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Veterinary Imaging market size was USD 1.79 Billion in 2022 and it is forecasted to reach USD 3.03 Billion by 2030. Veterinary Imaging Industry's Compound Annual Growth Rate will be 6.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Veterinary Imaging market size was USD 1.79 Billion in 2022 and it is forecasted to reach USD 3.03 Billion by 2030. Veterinary Imaging Industry's Compound Annual Growth Rate will be 6.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Veterinary Imaging Market Sales Revenue 2022 | $ 1.79 Billion |
Global Veterinary Imaging Market Sales Revenue 2030 | $ 3.03 Billion |
Global Veterinary Imaging Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.8% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Animal Type |
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Market Split by Solutions |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Veterinary Imaging Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Veterinary imagining is a field of veterinary medicine that involves collecting medical images of animals to diagnose diseases and bone fractures. Radiographs are used to diagnose disease in the chest, abdomen, and musculoskeletal system. The most common types of imaging include X-rays, CT scans, ultrasounds, and Nuclear medicine imaging. The demand for veterinary imaging has increased due to a greater emphasis on animal health innovation, the rising need for timely diagnosis of chronic conditions, increased adoption of imaging technologies in veterinary orthopedics, dentistry, and several other indications, and increased pet adoption and ownership rates. Furthermore, the growing incidence of zoonotic diseases has increased the demand for effective diagnostic solutions.
The rising prevalence of zoonotic diseases has increased the demand for efficient diagnostic tools, which is anticipated to propel market expansion. According to data from the National Center for Emerging and Zoonotic Infectious Diseases (NCEZID) and the CDC published in July 2021, zoonotic diseases are quite prevalent in the United States and around the world. More than six out of ten known infections and three out of four developing infections in humans, according to researchers, are spread by animals.
Investment in animal healthcare has increased significantly in recent years due to an increase in the number of veterinarians and a sizable increase in pet insurance purchases. Veterinary imaging equipment is in high demand for properly caring for pets like dogs and cats. By differentiating neoplasia from rhinitis, they assist in the detection of sinus/ nasal illnesses. Moreover, they also assist in evaluating biopsy test data. These tools are more sensitive to picking up skull fractures and brain hemorrhages. Thus, Veterinary imaging systems have undergone a variety of technological improvements in recent years.
The high cost associated with imaging instruments will impede the market’s growth rate. Veterinary imaging equipment is an expensive item. Entry-level console (portable) ultrasound systems cost between USD 22,000 and USD 75,000 in developed countries, including Germany, the United States, Japan, and the United Kingdom. On the other hand, the lack of animal healthcare awareness in emerging economies will challenge the veterinary imaging market. Additionally, the shortage of veterinary practitioners in developing markets and the increasing rate of care costs will act as restraints and further impede the growth rate of the market during the forecast period. Recent developments include trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market.
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Fujifilm is a leading provider of diagnostic imaging and medical informatics solutions and has launched the VXR - veterinary X-ray room. The innovative design is targeted at veterinarians who want high-quality, low-dose X-rays at an affordable price and an easy-to-use, easy-to-install system. Moreover, it is designed to contribute to a safe work environment for both clinicians and patients with low doses and high sensitivity. Just like in medical environments, veterinary staff and pets deserve the best in medical imaging, from patient experience to tech workflow to safety and image quality.
Top Companies Market Share in Veterinary Imaging Industry: (In no particular order of Rank)
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North America registered the highest market revenue share of more than 50% in 2022, owing to growing pet ownership, the implementation of strategic initiatives by the key manufacturers, and the increasing disease burden in animals. According to the North American Pet Health Insurance Association's (NAPHIA) 2021 statistics, the overall pet population covered by insurance in the U.S. achieved 3.1 million as of 2020. As more animal owners opt to purchase premium pet insurance plans, the demand for advanced healthcare services has greatly increased. This, in turn, has influenced the growth of veterinary diagnostic imaging.
Asia-Pacific is expected to exhibit the fastest CAGR during the forecast period. This is due to an increase in veterinary R&D investments, the rising disposable income of households, improved animal healthcare expenditure, growing pet humanization trends, and rising demand for advanced veterinary imaging systems. Similarly, growing strategic initiatives by global players to expand their presence, along with an increasing target population, are expected to fuel market growth.
The current report Scope analyzes Veterinary Imaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Veterinary Imaging Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Veterinary Imaging Industry growth. Veterinary Imaging market has been segmented with the help of its Product Type, Application Animal Type, and others. Veterinary Imaging market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the product type, the Veterinary Imaging market can be segmented into X-ray, Ultrasound, MRI, CT Imaging, and Video Endoscopy. Where the X-Ray segment holds the market. X-ray is one of the most common diagnostic tests conducted in veterinary practices, brought on by increasing incidences of orthopedic disorders among animals. In addition, the different principles of radiographic diagnosis and teleradiology are covered by pet insurance. Thus, rising pet insurance adoption and increased awareness of the various radiographic imaging solutions available for pets are some of the factors contributing to the segment’s growth.
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Based on the application, the veterinary imaging industry can be segmented into Orthopedics, Oncology, Cardiology, Neurology, Respiratory, Dental, and others. The high incidence of bone fractures in small animals is a key factor contributing to segment growth. Road traffic accidents were found to be the leading cause of bone fractures among companion animals. Furthermore, the rise in the number of bone and joint injuries in animals, the high demand for accurate diagnostics, and an increase in the number of animal care facilities are also supplementing segment growth.
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Based on the Animal segment of the veterinary industry, it can be segmented into small animals and large animals, where the small animal segment holds the market. Due to the growing companion animal population, rising pet care expenditure, growing adoption for pets, insurance for pets, increasing incidences of acute and chronic disorders, and technological developments in imaging modalities for small animals are collectively contributing to the segment.
Based on the solutions, the Veterinary imaging market can be segmented into Equipment, Accessories, and PACS, where the equipment segment holds the market. This is mainly due to the growing demand for veterinary equipment and the installment of high-tech diagnosis equipment within veterinary hospitals and clinics, and the launch of portable imaging instruments has contributed to the segment’s growth.
The PACS segment is also the fastest-growing segment. This is due to the benefits obtained by the incorporation of PACS software into the veterinary imaging platforms, such as efficient accessing, storing, and sharing, among others, creating direct and cascading advantages. Moreover, rising awareness of PACS imaging software among veterinary practitioners and technicians has boosted its demand in the imaging industry.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Veterinary Imaging Market is witnessing significant growth in the near future.
In 2023, the X-ray segment accounted for noticeable share of global Veterinary Imaging Market and is projected to experience significant growth in the near future.
The Orthopedics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IDEXX Laboratories Inc. , SOUND and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | X-ray, Ultrasound, MRI, CT Imaging, Video Endoscopy |
Application | Orthopedics, Oncology, Cardiology, Neurology, Respiratory, Dental Application, Other |
Animal Type | Small Animals, Large Animals |
Solutions | Equipment, Accessories, PACS |
List of Competitors | IDEXX Laboratories Inc., ESAOTE SPA, SOUND, General Electric Company, Universal Medical Systems Inc., Fujifilm Holdings America Corporation, Hallmarq Veterinary Imaging Ltd., VetZ GmbH, Shenzhen Mindray Animal Medical Technology Co.LTD., Heska Corporation. |
This chapter will help you gain GLOBAL Market Analysis of Veterinary Imaging. Further deep in this chapter, you will be able to review Global Veterinary Imaging Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Animal Type Analysis 2019 -2031
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Chapter 13 Market Split by Solutions Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Veterinary Imaging market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why X-ray have a significant impact on Veterinary Imaging market? |
What are the key factors affecting the X-ray and Ultrasound of Veterinary Imaging Market? |
What is the CAGR/Growth Rate of Orthopedics during the forecast period? |
By type, which segment accounted for largest share of the global Veterinary Imaging Market? |
Which region is expected to dominate the global Veterinary Imaging Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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