Global Veterinary Imaging Equipment Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
Veterinary Imaging Equipment Market: A Growing Industry with Expanding Horizons
The veterinary imaging equipment market has experienced significant growth in recent years, driven by the increasing demand for advanced diagnostic tools in veterinary practices. The market's expansion is primarily attributed to the growing pet care industry, with a surge in pet ownership and the rising demand for high-quality healthcare services for animals. Veterinary imaging equipment, including X-ray, ultrasound, MRI, and CT scanners, plays a crucial role in diagnosing various medical conditions in animals, allowing for more precise treatments and better outcomes.
One of the major drivers of this market is the increasing prevalence of pet health issues. Just like humans, pets are susceptible to a range of diseases, from bone fractures to heart conditions, and early diagnosis is key to successful treatment. As a result, more veterinary clinics are investing in advanced imaging technology to enhance their diagnostic capabilities. In particular, the rise in demand for non-invasive imaging techniques like ultrasound and MRI is evident, as they provide more accurate and detailed information without subjecting animals to unnecessary surgeries.
The technological advancements in imaging equipment also play a significant role in market growth. Manufacturers are continually developing more efficient and compact systems, which are easier to operate and offer superior image quality. This progress helps veterinary professionals make faster, more informed decisions, ultimately improving patient care. Moreover, the shift toward mobile veterinary services and the integration of cloud-based platforms are making veterinary imaging equipment more accessible to rural and remote areas.
However, the high cost of veterinary imaging equipment and the lack of skilled professionals in some regions pose challenges to the market. Despite these obstacles, the market remains optimistic due to the growing emphasis on animal health and the increasing availability of affordable solutions.
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GE Healthcare
Agfa-Gevaert N.V.
Excelsior Union Limited
Onex Corporation
Esaote SpA
Canon Inc.
Idexx Laboratories
Inc.
VCA Inc.
Hitachi
Ltd.
Siemens AG
Fujifilm Holdings Corporation
BCF Technology
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Veterinary Imaging Equipment Market
Clinics
Hospitals and Academic Institutes
Based on Types the Market is categorized into Below types that held the largest Veterinary Imaging Equipment market share In 2023.
Radiography (X-Ray) Systems
Ultrasound Imaging Systems
Computed Tomography Imaging Systems
Video Endoscopy Imaging Systems
Magnetic Resonance Imaging Systems
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Veterinary Imaging Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Veterinary Imaging Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Veterinary Imaging Equipment Market, By Type
6. Global Veterinary Imaging Equipment Market, By Application
7. Global Veterinary Imaging Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Veterinary Imaging Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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