2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Veterinary Imaging Equipment Market?
As the livestock population grows, it is projected to spur the need for veterinary imaging equipment in the market. The escalation in the number of livestock and related illnesses is likely to amplify the requirement for veterinary medical tools, such as veterinary imaging apparatus, to pinpoint and handle a variety of animal diseases. For example, the Food and Agriculture Organization of the United Nations predicts that by 2050, the global cattle population will rise to 2.6 billion, and the global collection of goats and sheep is estimated to hit 2.7 billion by the close of 2050. Therefore, this upsurge in the livestock community is predicted to ignite the demand for veterinary imaging equipment during the projected period.
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#What Long-Term Growth Rate is Expected for theVeterinary Imaging Equipment Market Between 2025 and 2034?
In recent times, a robust growth has been witnessed in the market size of veterinary imaging equipment. It is projected to escalate from $1.99 billion in 2024 to $2.1 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%. The upsurge during the historic period is a result of increased pet ownership, the prevalence of animal diseases, growth of veterinary services, hike in animal health expenses, and rising awareness and education about these issues.
The market for veterinary imaging equipment is anticipated to experience robust growth in the coming years, swelling to a value of $2.76 billion by 2029, which equates to a compound annual growth rate (CAGR) of 7.0%. This forecasted growth can be accredited to increasing demands for specialist veterinary services, coupled with globalization of the sector, an emphasis on preventive care, remote imaging and telemedicine, and significant strides in veterinary imaging research. The oncoming trend landscape looks set to be dominated by enhancements in imaging technologies, accentuated focus on point-of-care imaging, the incorporation of artificial intelligence (AI), specialist imaging for exotic species, and telemedicine with remote imaging consultations.
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What Are the Key Market Innovations in theVeterinary Imaging Equipment Market Over the Coming Years?
Companies key to the veterinary imaging equipment market are shifting their focus towards launching wireless or portable devices, seen as the dominant trend in the market for improved veterinary technology solutions. For example, Planmed, a Finland-based company specializing in imaging system design and manufacturing, debuted their high-resolution Planmed Verity VET scanner in September 2022 uniquely tailored for veterinary 3D imaging. This standalone cone beam CT scanner creates incredibly detailed submillimeter-resolution 3D images of an animal’s skeletal structures, including teeth, skull, and extremities. These precise volumetric images enable consistently accurate diagnosis and treatment planning. The compact and mobile nature of the Planmed Verity VET scanner makes 3D imaging immediately available and brings the technology directly to the patient’s side.
Who Are the Top Companies Driving Innovation and Growth in theVeterinary Imaging Equipment Market?
Major companies operating in the veterinary imaging equipment market include Siemens AG, General Electric Healthcare, Canon Inc., Toshiba Corp., Fujifilm Holdings Corporation, Covetrus Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mindray Medical International Limited, IDEXX Laboratories Inc., Agfa-Gevaert N.V., Carestream Health Inc., Midmark Corporation, Esaote S.P.A, Sedecal USA Inc., Chison Medical Imaging Co.Ltd., Digicare Biomedical Technology Inc., DRE Veterinary Inc., Vetland Medical Sales and Services LLC, Hallmarq Veterinary Imaging Ltd., MinXray Inc., Diagnostic Imaging Systems Inc., BCF Technology Ltd., Vetronic Services Ltd.
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Which Key Market Segments Comprise the Veterinary Imaging Equipment Market and Drive Its Revenue Growth?
The veterinary imaging equipment market covered in this report is segmented –
1) By Type: Radiography (X-Ray) System, Ultrasound Imaging System, Computed Tomography Imaging System, Video Endoscopy Imaging System, Magnetic Resonance Imaging System, Other Types
2) By Animal Type: Small Companion Animals, Large Animals, Other Animal Types
3) By Modality: Portable, Stationery
4) By Application: Orthopedics And Traumatology, Oncology, Cardiology, Neurology, Other Applications
5) By End User: Veterinary Hospitals, Veterinary Clinics, Academic And Research Organizations, Other End Users
Subsegments:
1) By Radiography (X-Ray) System: Digital X-Ray Systems, Portable X-Ray Systems, Analog X-Ray Systems
2) By Ultrasound Imaging System: 2D Ultrasound Systems, 3D/4D Ultrasound Systems, Doppler Ultrasound Systems
3) By Computed Tomography Imaging System: Standard CT Scanners, Cone Beam CT Scanners
4) By Video Endoscopy Imaging System: Rigid Endoscopes, Flexible Endoscopes, Video Bronchoscopy Systems
5) By Magnetic Resonance Imaging System: Open MRI Systems, Closed MRI Systems
6) By Other Types: Fluoroscopy Systems, Nuclear Medicine Imaging Systems, Thermography Systems
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Which Regions Are Emerging as Leaders in the Veterinary Imaging Equipment Market?
North America was the largest region in the veterinary imaging equipment market in 2024. Asia-Pacific was the second-largest region in the global veterinary imaging equipment market share. The regions covered in the veterinary imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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