Veterinary Imaging Equipment Market was valued at USD 1.25 Billion in 2022 and is projected to reach USD 2.15 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Looking ahead, the demand for veterinary imaging equipment from 2023 to 2033 is expected to continue its upward trajectory. Key drivers behind this continued growth include the increasing pet population worldwide, advances in diagnostic capabilities, and the rising awareness of pet healthcare. The growing prevalence of chronic diseases in animals, such as cancer and arthritis, is another contributing factor, as pet owners seek cutting-edge technologies for effective diagnosis and treatment. Additionally, the increasing integration of AI and machine learning technologies into veterinary imaging equipment will enhance diagnostic accuracy, which will likely boost adoption rates across various veterinary practices.
The market's growth is also being influenced by the shift toward minimally invasive diagnostic procedures, as well as the rising demand for point-of-care testing, which is faster and more convenient for both veterinarians and pet owners. Furthermore, veterinary hospitals and clinics are investing in state-of-the-art imaging equipment to remain competitive in a rapidly evolving market, pushing the boundaries of care and diagnostic precision. These factors, coupled with technological innovations and the growing number of veterinary clinics, are expected to drive a substantial increase in the demand for veterinary imaging equipment in the coming years.
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The veterinary imaging equipment market has witnessed remarkable growth between 2018 and 2022, driven by technological advancements, an increasing demand for pet healthcare, and a growing awareness of the importance of early diagnosis in animals. Veterinary professionals have adopted a range of imaging technologies, including X-ray, ultrasound, MRI, and CT scans, to better diagnose and treat animals. During this period, the market saw a surge in demand for advanced imaging devices capable of providing more precise and faster results. The availability of portable and cost-effective equipment further fueled the market’s growth, especially in rural areas where access to traditional veterinary clinics was limited. By 2022, the global veterinary imaging equipment market was valued at billions of dollars, with the trend showing no signs of slowing down.
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, 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 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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