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What is the Predicted Annual Growth Rate of the Veterinary Imaging Equipment Market Over the Coming Decade?

Over the past few years, there has been a robust growth in the market size of veterinary imaging equipment. This market is projected to increase from $1.99 billion in 2024 to $2.1 billion in 2025, resulting in a compound annual growth rate (CAGR) of 6.0%. The upward growth trajectory during the historical period can be correlated to the surge in pet ownership, rising instances of veterinary ailments, growth in veterinary services, amplified spending on animal healthcare, and improved awareness and education in this field.

The market size for veterinary imaging equipment is set to experience robust expansion in the coming years. The market is projected to reach $2.76 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This growth during the forecast period is due to factors such as the increasing requirement for specialized veterinary services, the expansion of telemedicine and remote imaging, the globalization of veterinary services, an emphasis on preventive care, and escalated research efforts in veterinary imaging. Key trends observed during this forecast period encompass improvements in imaging technologies, an increased emphasis on point-of-care imaging, the introduction of artificial intelligence (AI) in the field, specialized imaging for rare animals, along with the rise of telemedicine and remote imaging consultations.

Which Factors Are Enhancing the Growth of the veterinary imaging equipment Market?

As the population of livestock continues to increase, it’s predicted that there will be a heightened demand for veterinary imaging equipment in the market. This uptick in livestock numbers, coupled with the accompanying rise of diseases, is foreseen to expand the need for a variety of veterinary medical appliances, including imaging devices, used for disease diagnosis and treatment in animals. For example, estimates from the Food and Agriculture Organization of the United Nations indicate that the world’s cattle population is expected to reach 2.6 billion by 2050, and the number of goats and sheep is projected to hit 2.7 billion by 2050’s conclusion. As a result, this livestock population growth likely will stimulate an increased demand for veterinary imaging equipment during the forecasted period.

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What Are the Major Players Making an Impact in the Veterinary Imaging Equipment Market’s Growth?

Major companies operating in the veterinary imaging equipment market include:

• Siemens AG

• General Electric Healthcare

• Canon Inc.

• Toshiba Corp.

• Fujifilm Holdings Corporation

Which Upcoming Trends Are Set to Influence the Veterinary Imaging Equipment Market’s Path Forward?

Major firms functioning in the veterinary imaging equipment industry are emphasizing the introduction of portable or wireless devices for effective veterinary technologies. It is predicted that this will be a leading trend in the market. For instance, Planmed, a Finland-based imaging systems manufacturer and designer, unveiled Planmed Verity VET- a superior CT scanner for veterinary 3D imaging in September 2022. This standalone cone beam CT scanner is explicitly designed for animal imaging. It provides highly accurate submillimeter-resolution 3D images of the animal’s anatomical structure, including its teeth, skull, and extremities. These precise volumetric pictures facilitate consistent diagnosis and treatment planning. The Planmed Verity VET scanner, though compact and portable, allows easy access to vital 3D imaging whenever needed and delivers it right to the patient.

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What Are the Primary Segments of the Veterinary Imaging Equipment Market and Their Roles in Growth Dynamics?

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

What Regions Are Steering Growth in the Veterinary Imaging Equipment Sector?

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.

What Are the Core Features That Define the Veterinary Imaging Equipment Market?

Veterinary imaging equipment refers to veterinary diagnostic equipment such as radiography, X-ray, ultrasound imaging, MRI, CT imaging, endoscopy imaging, and other imaging equipment. used to obtain medical images of animals for the diagnosis of various diseases. This industry includes establishments that produce diagnostic equipment that is used in cardiology, orthopedics & traumatology, oncology, neurology, and others.

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