Veterinary Imaging Market was valued at USD 1.20 Billion in 2022 and is projected to reach USD 2.10 Billion by 2030, growing at a CAGR of 8.30% from 2024 to 2030.
Looking ahead from 2023 to 2033, the Veterinary Imaging Market is expected to witness even greater growth, driven by several key factors. The increasing focus on early diagnosis and preventive care for animals is one of the primary drivers of demand. As veterinary practices adopt more advanced imaging technologies, such as portable ultrasound and digital X-ray machines, the need for these tools in clinics and animal hospitals is on the rise. The growing pet population, particularly in regions like North America and Europe, has led to an increased focus on improving animal health through precise imaging techniques.
One of the most significant trends in the market is the rapid development of artificial intelligence (AI) integration in veterinary imaging. AI-powered tools are enabling faster and more accurate diagnoses, reducing the need for human intervention in analyzing imaging results. This not only boosts efficiency but also allows veterinary professionals to offer higher levels of care. The use of AI in analyzing X-rays, MRIs, and ultrasounds has been instrumental in detecting conditions such as tumors, fractures, and joint diseases in animals.
The demand for veterinary imaging solutions is also being influenced by the increasing prevalence of chronic diseases in pets and livestock. With the rising number of animals suffering from conditions like arthritis, diabetes, and heart diseases, veterinary imaging becomes essential for effective treatment planning. Furthermore, the growing number of veterinary specialists in fields like oncology and cardiology is creating a demand for specialized imaging technologies tailored to specific conditions.
As the market continues to evolve, emerging economies in Asia Pacific, Latin America, and the Middle East are expected to experience substantial growth due to rising disposable incomes and expanding pet ownership. Veterinary imaging providers are likely to focus on offering affordable yet high-quality solutions to cater to these new markets. With new product innovations and expanding global reach, the Veterinary Imaging Market is set to experience substantial growth from 2023 to 2033.
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The Veterinary Imaging Market has experienced steady growth from 2018 to 2022, driven by advancements in technology and an increasing demand for animal healthcare services. The market's expansion has been fueled by the rising adoption of non-invasive diagnostic tools in veterinary practices, such as MRI, CT scanners, and ultrasound equipment. These innovations have not only improved diagnostic accuracy but also reduced the time required for veterinary procedures. With growing awareness of pet health and an increasing number of pet owners globally, the demand for high-quality veterinary imaging solutions has reached new heights. According to recent reports, the market size for veterinary imaging was valued at over $1.5 billion in 2022 and is projected to continue expanding at a significant rate in the coming years.
GE Healthcare
Excelsior Union Limited
Onex
Esaote
Idexx Laboratories
VCA
Hitachi
Siemens
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 Market
Clinics
Hospitals and Academic Institutes
Based on Types the Market is categorized into Below types that held the largest Veterinary Imaging market share In 2023.
Orthopedics and Traumatology
Oncology
Cardiology
Neurology
Other Therapeutic Areas
Global (United States, Global 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)
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1. Introduction of the Global Veterinary Imaging 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 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Veterinary Imaging Market, By Type
6. Global Veterinary Imaging Market, By Application
7. Global Veterinary Imaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Veterinary Imaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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