The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Veterinary Imaging Global Market Report 2024, the veterinary imaging market is expected to show promising growth in the forecast period.

The veterinary imaging market has experienced robust growth, surging from $1.74 billion in 2023 to $1.89 billion in 2024, with a compound annual growth rate (CAGR) of 8.8%. This expansion is underpinned by increasing pet ownership, advancements in veterinary care, and the humanization of pets, among other factors.

Charting Future Trajectories

Expectations remain high for the coming years, with forecasts indicating a strong growth trajectory, reaching $2.55 billion by 2028, boasting a CAGR of 7.8%. Factors such as a rising focus on preventive veterinary care, technological integration, and growing awareness of zoonotic diseases are poised to fuel market expansion.

Role Of Increased Meat And Dairy Demand In Driving Growth Of Veterinary Imaging Market

Market Catalyst: Meat and Dairy Demand

The escalating demand for meat and dairy products serves as a significant driver for the veterinary imaging market. Veterinary imaging plays a pivotal role in ensuring the health and well-being of livestock animals, catering to the needs of the meat and dairy industry. With global meat production projected to reach 377 million tons in 2023, the demand for veterinary imaging solutions continues to rise.

Key Players

Leading companies such as Agfa-Gevaert N.V., Canon Inc., and Fujifilm Holdings Corporation are instrumental in driving innovation and meeting the evolving demands of the veterinary imaging market. Their contributions play a crucial role in advancing diagnostic capabilities and enhancing animal health outcomes.

View More On The Veterinary Imaging Market Report 2024 – https://www.thebusinessresearchcompany.com/report/veterinary-imaging-global-market-report

Revolutionizing Veterinary Diagnostics With Introduction Of Zero-Helium Small Animal Mri Technology

Technological Innovations

Major players in the veterinary imaging market are spearheading technological innovations to revolutionize veterinary diagnostics. The introduction of zero-helium small animal 1.5T MRI technology marks a significant advancement in diagnostic imaging, offering improved accuracy and efficiency in disease diagnosis. This innovation underscores the industry’s commitment to enhancing veterinary care standards.

Strategic Acquisitions

Strategic acquisitions, such as Zomedica Corp’s acquisition of Revo Squared LLC, exemplify the industry’s strategic moves to expand product portfolios and drive growth. By leveraging Revo’s advanced veterinary imaging technology, Zomedica Corp aims to enhance diagnostic capabilities and provide veterinarians with cutting-edge solutions.

Market Segmentation and Regional Outlook

Segmentation Insights

The veterinary imaging market is segmented based on product, animal type, application, and end-use, catering to diverse veterinary diagnostic needs. From small companion animals to large animals and applications spanning orthopedics, cardiology, and neurology, veterinary imaging offers comprehensive solutions.

Regional Dynamics

North America emerged as the largest region in the veterinary imaging market in 2023. However, the market’s growth is not confined to a single region, with opportunities expanding globally as veterinary care standards continue to evolve and technological advancements gain momentum.

Conclusion

The veterinary imaging market stands at the forefront of innovation, offering transformative solutions for animal health diagnostics. As the demand for meat and dairy products rises and veterinary care standards evolve, the market is poised for significant growth. By embracing technological innovations, forging strategic partnerships, and expanding market reach, stakeholders in the veterinary imaging market are driving advancements in animal health and welfare, paving the way for a brighter future in veterinary care.

Request A Sample Of The Global Veterinary Imaging Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=9983&type=smp