2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theVeterinary Diagnostic Imaging Market?

The anticipated rise in animal populations is predicted to boost the progression of the veterinary diagnostic imaging market. Factors contributing to the growth of animal populations include increased pet adoption, improved animal healthcare, and an escalating need for livestock, all of which are leading to better food security, sustainable agriculture, and improved human-animal relationships. Veterinary diagnostic imaging plays a significant role in animal populations by facilitating accurate diagnosis, bettering treatment results, and health conditions tracking, thereby improving animal care and comprehensive well-being. For example, data from the American Veterinary Medical Association, a non-profit organization in the US, showed that the dog population in the US increased from 53.4 million in 2023 to 59.8 million in 2024. Hence, rising animal populations contribute to the growth of the veterinary diagnostic imaging market.

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#What is the Growth Potential of the Veterinary Diagnostic Imaging Market, and How Will It Perform by 2034?

In recent years, the veterinary diagnostic imaging market has experienced robust growth. The market, which was worth $2.20 billion in 2024, is projected to grow to $2.37 billion by 2025, with a compound annual growth rate (CAGR) of 8.0%. The impressive growth previously witnessed can be credited to factors such as the surge in pet ownership, greater awareness of animal healthcare, a higher demand for pet insurance, an elevated focus on preventive healthcare, as well as an increase in the amount of veterinary practices.

In the coming years, the veterinary diagnostic imaging market is predicted to experience robust growth, expanding to $3.19 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The projected surge during the forecasted timeline can be linked to the growing animal population, heightened emphasis on animal welfare, an increase in the use of telemedicine for veterinary treatment, growth in livestock production, and a higher demand for enhanced diagnostic precision. Upcoming trends in the forecast span incorporate advancements in diagnostic technology, swift technological progression in imaging equipment, artificial intelligence (AI) incorporation in veterinary diagnostics, the integration of machine learning into diagnostic devices, and improvements in magnetic resonance imaging (MRI) systems.

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What Key Market Trends and Innovations Are Shaping the Future of theVeterinary Diagnostic Imaging Industry?

Dominant businesses in the veterinary diagnostic imaging sector are concentrating on the creation of cutting-edge products, such as AI-enabled interpretation of veterinary X-rays, in an effort to upgrade diagnostic efficiency, lower processing times, and magnify the level of patient care in veterinary clinics. The AI-powered X-ray interpretation in veterinary application entails the use of artificial intelligence and machine learning to aid veterinary professionals in analysing radiographic images of animals. This advancement streamlines diagnostic accuracy, accelerates judgements, and minimises pressure on veterinary specialists through the automated recognition of irregular patterns and providing intricate analyses. For example, SignalPET LLC, a company from the US that specialises in AI solutions for managing veterinary practices, introduced SignalSTAT in January 2024. It’s an AI-assisted veterinary X-ray interpretation tool that guarantees precise and swift evaluations monitored by experts, promising a turnaround time of 45 minutes, available round the clock. By coupling advanced AI technology with human proficiency, it enables quick and accurate interpretations of veterinary X-rays. This blend ensures prompt assessment of critical issues, considerably abbreviating the time needed for diagnosis. The technology is based on ever-adapting machine learning algorithms, enhancing over time with usage by global veterinarians.

Which Companies Are Leading the Charge in Expanding theVeterinary Diagnostic Imaging Market Growth?

Major companies operating in the veterinary diagnostic imaging market are Siemens Healthineers AG, General Electric Company, Fujifilm Holdings Corporation, Konica Minolta Inc, VCA Inc, Covetrus Inc., IDEXX Laboratories Inc., Shenzhen Mindray Bio-Medl Elctrnc Co Ltd, Agfa-Gevaert NV, Carestream Health Inc, CVS Limited, Esaote SPA, Canon Medical Systems Corporation, MXR Imaging Inc, Sound Technologies Inc, Heska Corporation, Universal Medical Systems, Inc., Clarius Mobile Health Corp., IMV Imaging, Epica Animal Health, Hallmarq Veterinary Imaging Ltd.

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How is the Global Veterinary Diagnostic Imaging Market Segemented?

The veterinary diagnostic imaging market covered in this report is segmented –

1) By Product: Instrument, Reagent, Services, Veterinary PACS

2) By Animal Type: Small Animals, Large Animals

3) By Equipment: Radiography (X-ray) Systems, Ultrasound Imaging Systems, Computed Tomography Imaging Systems, Magnetic Resonance Imaging Systems, Video Endoscopy Imaging Systems, Other Equipments

4) By Application: Orthopaedics And Traumatology, Oncology, Cardiology

5) By End-User: Veterinary Hospitals, Academic And Research Institutes, Other End User

Subsegments:

1) By Instrument: X-ray Imaging Systems, Ultrasound Imaging Systems, MRI Systems, CT Scanners, Endoscopy Equipment

2) By Reagent: Contrast Agents (Ultrasound, MRI, CT), Blood Test Reagents, Biochemical Reagents

3) By Services: Diagnostic Imaging Services, Image Interpretation Services, Veterinary Imaging Consulting Services

4) By Veterinary PACS (Picture Archiving And Communication System): On-Premise PACS, Cloud-Based PACS

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Which Geographics are Influencing the Growth of the Veterinary Diagnostic Imaging Market?

North America was the largest region in the veterinary diagnostic imaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary diagnostic imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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