- Press Release -

Rockville, Md. The global veterinary imaging systems market is set to exceed US$ 2 Bn by 2022 on impressive growth, according to Fact.MR. Rising pet ownership, a surge in pet insurance, and steady technical improvement are lifting animal healthcare spending, while newer systems cut diagnosis costs by removing the need for film, processing supplies and dark rooms.

X-ray systems lead the product mix, small companion animals are the largest animal type, and veterinary clinics account for most use. North America is the dominant region, while MRI systems and hospitals are the fastest-growing pockets.

Products, Animals and End Users

X-ray systems remain the top-selling product at more than a third of revenue, valued for consistent high-quality images, while MRI systems grow fastest through 2022. By animal type, small companion animals are the most lucrative segment at over US$ 1 Bn by 2022, helped by rising pet adoption and disease incidence. Veterinary clinics are the leading end user at over two-thirds of revenue, with hospitals growing fastest.

North America is the largest region at roughly US$ 600 Mn by 2022, on high disposable income and awareness of companion-animal cancers, with Asia Pacific excluding Japan tracking a similar CAGR as pet ownership rises in China and India.

Pet Care Drives Demand

The market runs on the humanisation of pets. As owners spend more on animal health and insurance widens access to care, demand for imaging climbs, though high upfront costs and a shortage of skilled operators temper adoption through the forecast period.

Suppliers and Their Playbook

The field brings together imaging and animal-health companies.

• General Electric Company, Agfa-Gevaert N.V., IDEXX Laboratories, Inc., Hallmarq Veterinary Imaging Ltd, Minxray Inc., Mindray Medical International Limited, FUJIFILM Holdings Corporation, Canon U.S.A. Inc., Esaote SpA, and Hitachi Aloka Medical Ltd. are among the key players in the report.

Reading the Market for Decisions

For device makers, growth favours X-ray and MRI systems built for clinic settings. Investors get a market with steady, pet-care-led demand. Procurement and clinic teams can plan around X-ray systems carrying volume, veterinary clinics leading use, and North America offering the largest opportunity through 2022.

About the Report

Fact.MR's study covers the global veterinary imaging systems market for the 2017 to 2022 forecast period, with segmentation by product, animal type, end user and region. It sizes each segment, maps the competitive field, and weighs the demand forces shaping the market. Further detail is available in the veterinary imaging systems market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.