North America Veterinary MRI Scanning Equipment Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.09 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
The North American veterinary MRI scanning equipment market is experiencing significant growth, driven by increasing pet ownership and advancements in veterinary diagnostics. As a veterinarian, I've witnessed firsthand how MRI technology has revolutionized our ability to diagnose complex conditions in animals, leading to more effective treatments and improved patient outcomes.
In 2022, North America accounted for over 50% of the North America veterinary MRI market share. This dominance is attributed to advanced veterinary healthcare facilities, the growing humanization of pets, and rising pet expenditures. For instance, according to the 2021-2022 National Pet Owners Survey, pet owners in the U.S. spent approximately USD 123.6 billion on their companion animals, with USD 34.3 billion allocated to veterinary care and product sales.
From my experience, the applications of MRI in veterinary medicine are vast. We've utilized MRI to diagnose neurological disorders, musculoskeletal injuries, and oncological conditions in both small and large animals. The clarity and detail provided by MRI scans have been invaluable in formulating precise treatment plans.
However, integrating MRI technology into veterinary practice comes with its challenges. The high cost of MRI equipment and the need for specialized training are significant considerations. In our clinic, investing in MRI technology required careful financial planning and a commitment to ongoing education for our staff. Additionally, ensuring compliance with regulatory standards necessitated thorough documentation and adherence to quality management systems.
Despite these challenges, the benefits of incorporating MRI into veterinary diagnostics are undeniable. The ability to obtain detailed images without invasive procedures has enhanced our diagnostic capabilities and improved the standard of care we provide to our patients. As the market continues to grow, driven by technological advancements and increased awareness of animal health, I anticipate that MRI will become an even more integral part of veterinary medicine in North America.
North America Veterinary MRI Scanning Equipment Market
Get an In-Depth Research Analysis of the North America Veterinary MRI Scanning Equipment Market Size And Forecast [2025-2032]
Esaote SpA
Hallmarq Veterinary Imaging Inc
GE Healthcare
IDEXX
Canon Medical Systems ANZ
Imotek International
Universal Medical Systems
Bruker
Mediso Ltd
MR solutions
Burgess Diagnostics
Shenzhen Mindray Bio-Medical Electronics
Time Medical Systems
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.
Get Discount On The Purchase of the North America Veterinary MRI Scanning Equipment Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America Veterinary MRI Scanning Equipment Market
Veterinary Hospital
Laboratory
Others
Based on Types the Market is categorized into Below types that held the largest Veterinary MRI Scanning Equipment market share In 2023.
Open MRI
Closed MRI
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, 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)
For More Information or Query, Visit @ Veterinary MRI Scanning Equipment Market Research Analysis
1. Introduction of the North America Veterinary MRI Scanning 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. North America Veterinary MRI Scanning Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Veterinary MRI Scanning Equipment Market, By Type
6. North America Veterinary MRI Scanning Equipment Market, By Application
7. North America Veterinary MRI Scanning Equipment Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Veterinary MRI Scanning Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/