Key Insights into the Veterinary Imaging Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theVeterinary Imaging Market?
The surge in demand for meat and dairy products, such as beef, pork, poultry, milk, cheese, yogurt and others, is anticipated to fuel the expansion of the veterinary imaging market. Veterinary imaging, significant in preserving the health and welfare of livestock animals for meat and dairy output, is encountering direct benefits from this surge. As highlighted in the OECD-FAO Agricultural Outlook 2022-2031 from the Organization for Economic Co-operation and Development, a government agency based in France, it’s believed that global meat production will peak at 377 million tons by 2023. Consequently, this heightened demand for meat and dairy goods is majorly contributing to the growth of the veterinary imaging market.
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#What is the Projected CAGR for the Veterinary Imaging Market Size from 2025 to 2034?
The market size for veterinary imaging has been witnessing robust growth in the past few years. The industry is projected to expand from $1.87 billion in 2024 to $2.02 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth during the historic period include a rise in pet ownership, advancements in veterinary care, the increasing occurrence of veterinary diseases, pets being humanized, and the growth of the companion animal industry.
In the coming years, the veterinary imaging market is projected to witness robust growth, escalating to a worth of $2.74 billion in 2029 with an 8.0% compound annual growth rate (CAGR). The growth within this prediction timeframe can be ascribed to factors such as an elevated emphasis on preventive veterinary care, a surge in specialized veterinary services, worldwide expansion of veterinary services, technological amalgamation in veterinary operations, and heightened awareness regarding zoonotic diseases. Key trends circulating during the forecasted period consist of individualized applications for diverse animal species, the advent of 4D imaging technology, improvements in ultrasound technology, augmented application of digital radiography, and the use of veterinary imaging in research.
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Which Upcoming Market Trends and Innovations Are Set to Influence theVeterinary Imaging Market’s Path Forward?
Prominent companies in the veterinary market are exploring cutting-edge inventions such as the zero-helium small animal 1.5T MRI, which aims to improve the ability to detect diseases in animals. The zero-helium small animal 1.5T MRI is an advanced tool that leverages a conduction cooling method within a powerful vacuum, negating the need for helium, a quench pipe, an oxygen monitor, a conventional external chiller, or added power. For example, in April 2023, Hallmarq Veterinary Imaging, a renowned UK-based provider of diagnostic imaging services, introduced the Zero-helium small animal 1.5T MRI. The design of this machine is to enhance the availability of diagnostic care for small animal patients whilst lowering financial, environmental, and supply chain threats linked with typical helium-dependent MRI systems. This is a revolutionary shift from Hallmarq’s former systems, fusing the reliable performance of earlier devices with a more long-lasting cooling system.
Who Are the Dominant Market Players Pushing the Boundaries of theVeterinary Imaging Market?
Major companies operating in the veterinary imaging market include Agfa-Gevaert N.V., Canon Inc., Carestream Health, Draminski S.A., E.I. Medical Imaging, Esaote S.P.A., Fujifilm Holdings Corporation, GE Healthcare, Heska Corporation, IDEXX Laboratories Inc., Konica Minolta Inc., MinXray Inc., Clarius Mobile Health, Shenzhen Ricso Technology Co. Ltd., ClearVet Digital Radiography Systems, Mindray Medical International Limited, Siemens Healthineers, Samsung Electronics Co. Ltd., IMV imaging, Epica Animal Health, Hallmarq Veterinary Imaging, Hitachi Ltd., NeuroLogica Corp., Oncovision, PerkinElmer Inc., Planmed Oy, Sedecal Veterinary, Shantou Institute of Ultrasonic Instruments Co. Ltd, Shimadzu Corporation, Sonoscape Medical Corp., Toshiba Medical Systems Corporation, Trixell, Varex Imaging Corporation, Vetel Diagnostics, VetRocket LLC, Vieworks Co. Ltd., Xoran Technologies LLC, Ziehm Imaging GmbH
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What Are the Core Segments of the Veterinary Imaging Market, and How Do They Contribute to Growth?
The veterinary imaging market covered in this report is segmented –
1) By Product: Veterinary Imaging Instruments, Veterinary Software, Veterinary Imaging Reagents
2) By Animal Type: Small Companion Animals, Large Animals
3) By Application: Orthopedics And Traumatology, Oncology, Cardiology, Neurology
4) By End-Use: Veterinary Clinics And Hospitals, Other End-Uses
Subsegments:
1) By Veterinary Imaging Instruments: X-Ray Machines, Ultrasound Machines, MRI Machines, CT Scanners, Endoscopes
2) By Veterinary Software: Imaging Software, Practice Management Software, Radiology Information Systems (RIS), Picture Archiving And Communication Systems (PACS)
3) By Veterinary Imaging Reagents: Contrast Agents, Radiopharmaceuticals, Ultrasound Contrast Agents
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What Regions Are Dominating the Veterinary Imaging Market Growth?
North America was the largest region in the veterinary imaging market in 2024. The regions covered in the veterinary imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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