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How has the veterinary imaging equipment market size evolved in recent years?

Recently, there has been robust growth observed in the veterinary imaging equipment market size. The market value is set to escalate from $1.99 billion in 2024 to $2.1 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. The historical growth can be credited to several reasons including an increase in pet owning households, the higher occurrence of veterinary illnesses, extended veterinary service offerings, higher spending on animal health, and a rise in awareness and education.

What are the predictions for the veterinary imaging equipment market size in the coming years?

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What key factors are fueling the growth of the veterinary imaging equipment market?

Anticipations are high for a surge in the veterinary imaging equipment market due to the growing livestock population. The rising population of livestock and their accompanying diseases is likely to stimulate the need for veterinary medical products. This includes veterinary imaging equipment used to diagnose and effectively treat various animal diseases. For example, the Food and Agriculture Organization of the United Nations projects an increase in the global cattle population to 2.6 billion by 2050. Similarly, the worldwide goat and sheep population is set to reach 2.7 billion by the end of 2050. Therefore, the rise in livestock population is anticipated to stimulate the requirement for veterinary imaging equipment in the upcoming future.

How is the global veterinary imaging equipment market divided into key segments?

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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Who are the key firms paving the way for growth in the veterinary 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.

Which trends are expected to transform the veterinary imaging equipment market?

The veterinary imaging equipment market is dominated by major corporations including Siemens AG, General Electric Healthcare, Canon Inc., Toshiba Corp., and Fujifilm Holdings Corporation, among others. Covetrus Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mindray Medical International Limited, IDEXX Laboratories Inc., and Agfa-Gevaert N.V. also have considerable presence in this market. Companies like Carestream Health Inc., Midmark Corporation, Esaote S.P.A, Sedecal USA Inc., Chison Medical Imaging Co.Ltd., are also notable players. 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. equally contribute to the market standing.

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What regions are contributing significantly to the growth of 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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