Veterinary Imaging Market Value

The global veterinary imaging market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

Factors Affecting the Growth of the Global Veterinary Imaging Industry:

Growth of Veterinary Health Infrastructure:

The growth and modernization of veterinary healthcare infrastructure are major drivers of the veterinary imaging market. The rise in specialized veterinary clinics and hospitals has led to the increased adoption of advanced imaging technologies for high-quality diagnostic services. Veterinary healthcare providers are investing in cutting-edge imaging equipment to attract clients and enhance diagnostic accuracy, thereby improving treatment outcomes. Additionally, government initiatives and funding aimed at improving animal healthcare services further fuel market growth. Educational institutions and research organizations also play a crucial role by incorporating advanced imaging technologies into their veterinary programs, ensuring that new veterinarians are trained in the latest diagnostic techniques.

Increasing Pet Ownership:

The growth of the veterinary imaging market is being significantly driven by the rising number of pet owners and their increasing willingness to spend on pet health. As more households, particularly in developed regions, adopt pets, the demand for advanced veterinary care services, including imaging diagnostics, is rising correspondingly. Pet owners are increasingly treating their animals like family members, leading to higher spending on their health and well-being. This trend is reflected in the growing number of veterinary clinics and hospitals equipped with advanced imaging technologies. Additionally, rising disposable incomes and greater awareness about pet health contribute to pet owners' willingness to invest in sophisticated diagnostic procedures. This surge in demand for comprehensive veterinary care propels the growth of the veterinary imaging market, encouraging further investment and innovation in the sector.

Top Veterinary Imaging Companies:

Agfa-Gevaert N.V. (IG Farben)

Canon Inc.

Carestream Health Inc.

Draminski S.A.

Esaote SpA

Fujifilm holdings corp.

Hallmarq Veterinary Imaging

Heska Corporation

IDEXX Laboratories Inc.

IMV Technologies Group

MinXray Inc.

Siemens Healthineers AG (Siemens AG)

Veterinary Imaging Market Report Segmentation:

By Product Type: 

Instrument

Reagents

Others

By Animal Type: 

Small Companion Animals

Large Animals

By Application: 

Orthopedics and Traumatology

Oncology

Cardiology

Neurology

Others

By End User: 

Hospitals and Clinics

Reference Laboratories

Others

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa