Veterinary Imaging Systems Market
Veterinary Imaging Systems Market Analysis, By Product (Ultrasound Systems, MRI, X-Ray Systems, Endoscopy Devices), By Animal Type (Small Companion, Large Animals), By End Use (Veterinary Hospitals, Clinics, Reference Laboratories) & By Region – Global Market Insights 2023 to 2033
Analysis of Veterinary Imaging Systems market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Veterinary Imaging Systems Market Outlook (2023 to 2033)
Global demand for veterinary imaging systems is anticipated to increase at a CAGR of 6.3% from 2023 to 2033. As such, the veterinary imaging systems market is expected to increase from a valuation of US$ 1.9 billion in 2023 to US$ 3.5 billion by 2033-end.
Small companion animals are gaining traction due to increased pet adoption and growing evidence that having a pet has favorable health advantages for people. The adoption of small companion animals is increasing owing to the loneliness due to nuclear families, youngsters moving away from their homes to job locations, many bachelors living alone, and rising pet care spending.
Veterinary imaging systems are used for obtaining medical images of animals for the diagnosis of chronic diseases. A non-invasive procedure, veterinary imaging has evolved with the aid of instruments related to diagnostic imaging. The animals that are considered for imaging include zoo animals, large animals, and small companion animals.
Animal healthcare spending has gained an uptick over the recent past, with many veterinary practitioners, and a significant rise in pet insurance purchases. Demand for veterinary imaging instruments is rising for taking proper care of pets such as dogs and cats, as these instruments help in detecting sinus/nasal diseases by differentiating neoplasia from rhinitis.
Veterinary imaging devices also offer increased sensitivity for the detection of brain hemorrhages and skull fractures. Veterinary imaging systems have undergone various technical enhancements over the past few years. These systems allow visualization of several types of brain tumors, eliminating the use of film jackets, film, dark room, and photo processing supplies, thereby reducing the cost of diagnosis.
Global demand for veterinary imaging systems is driven by the rising prevalence of veterinary diseases. The outbreaks of animal diseases are driving the global demand for veterinary imaging systems. Growing awareness of these diseases and early detection techniques to prevent outbreaks is anticipated to promote industry growth globally.
It is important to diagnose farm animals. As a result, growing concerns about veterinary illnesses, including cancer, arthritis, and cardiovascular disease are projected to fuel expansion in the global veterinary imaging systems market throughout the projection period. In addition, digital radiography is gradually replacing conventional X-ray films in veterinary care to speed up diagnosis and improve convenience for both pet owners and animals.
An alternative to conventional projection radiography is digital radiography. It makes use of digital X-ray detectors rather than photographic film. The main advantage of digital detectors is the ability to construct a whole image archiving and communication system, save photos digitally, and view them from anywhere at any time.
Veterinary Imaging Systems Market Size (2023)
US$ 1.9 Billion
Projected Market Value (2033)
US$ 3.5 Billion
Global Market Growth Rate (2023 to 2033)
Market Share of X-Ray Systems
Key Companies Profiled
Which are the Growth Determinants of the Market for Veterinary Imaging Systems?
“Rapid Technological Advancements in Veterinary Imaging Technology”
The quality of human life and the lives of animals that people care about have both improved as a result of new inventions. Veterinarians can now make more precise diagnoses and ultimately save more animal lives because of the rapid advancements in veterinary imaging technology. In terms of care, technology has also improved outcomes for both pets and their owners.
The way pets are handled has changed as a result of how much new technology has been incorporated into modern veterinary treatment. Although MRIs are common among humans, performing them on animals is significantly more challenging. As a result, ultrasonography has established itself as a reliable substitute. 4D photos can be produced thanks to recent technology.
It is anticipated that veterinary imaging will use MRI technology to provide small animals with more precise diagnoses. Additionally, innovations such as laparoscopy and micro-fracture detection methods are being explored in preparation for use in the veterinary imaging industry later on.
Veterinary imaging technology delivers high-quality image processing with accurate workflow optimization. These are also known for having many functions, including image flipping and zooming, among others. Additionally, it is anticipated that new developments for enhancing products and associated services will increase the overall market share.
“Rapid Integration of Artificial Intelligence (AI) in Veterinary Diagnostic Imaging Systems”
The market is expanding due to the integration of advanced technology such as artificial intelligence (AI) in veterinary diagnostic imaging systems. Veterinary imaging techniques are becoming more efficient at reading images thanks to artificial intelligence (AI). Such technologies are also enhancing automation and improving overall efficiency while offering personalized data for animals, which is projected to give the veterinary diagnostic imaging industry even more impetus during the forecast period.
Market growth is attributed to the expanding use of advanced veterinary diagnostic imaging techniques in veterinary research for the efficient treatment of a variety of illnesses. It is anticipated that the market would rise due to the expanding potential of improved optical diagnostic imaging techniques to improve understanding of physiology, morphology, and tissue composition.
Demand for veterinary imaging services is rising due to an increase in fractures, surgeries, and other veterinary procedures, as well as consumer use of technology to aid in the care of their pets. The development of exact images of animal abdominal cavities, chests, and skeletal structures depends on imaging technology.
Demand for veterinary diagnostic imaging systems is anticipated to rise as both pet and commercial animals increasingly struggle with new diseases and health-related challenges, which is forecast to boost market expansion over the coming years. Key players in the veterinary imaging systems market are concentrating on quality control of advanced digital radiography systems following safety regulations to reduce the environmental impact.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
What Could Inhibit Veterinary Imaging System Demand Growth?
“Lack of Skilled Professionals and High Cost of Veterinary Imaging Systems”
The sensitivity of veterinary imaging systems is comparatively lower than that of MRI systems when it comes to detecting vascular conditions, inflammation, and tumors. The cost of veterinary imaging systems varies considerably depending on whether the equipment is new or used, according to pricing trends.
Advanced diagnostic tools for animals require the operation and use of qualified professionals. A lack of skilled personnel and the high cost of veterinary imaging systems are the factors hampering market growth.
Which Regional Market is the Most Lucrative for Veterinary Imaging System Providers?
“Increase in Insurance Services for Pet Animals in North America”
North America accounts for 50% share of the global market due to an increase in insurance services for pet animals. The high rate of pet adoption, rise in pet care spending, growing employment in the veterinary sector, and favorable reimbursement scenarios are some of the major factors that have contributed to market growth in the region.
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Why is Veterinary Imaging System Adoption Increasing in the United States?
“Rapid Adoption of Advanced Veterinary Imaging Technologies”
Market expansion in the United States is attributed to expanding need for protein-rich animal food, the presence of major veterinarians, rising demand for various diagnostic tools, and greater awareness among pet owners of improved treatment alternatives.
Rapid adoption of advanced veterinary imaging technologies, the availability of affordable animal health products, and increased R&D are further factors anticipated to fuel market expansion.
Why is Germany a Prominent Market for Veterinary Imaging System Producers?
“High Awareness about Tumors in Companion Animals”
The market in Germany is projected to remain the most lucrative market for veterinary imaging systems owing to an increase in the prevalence of veterinary diseases and improved healthcare infrastructure. Market growth in Germany is driven by the rise in purchasing power of people, surging adoption of veterinary endoscopy devices, and high awareness about tumors in companion animals.
How is the Market for Veterinary Imaging Systems Progressing in Japan?
“Rise in Initiatives by Government Organizations to Stop Spread of Zoonotic Illnesses”
The growing importance of livestock animals, the huge demand for dairy and meat products, and the presence of several veterinary hospitals equipped with advanced tomography systems are driving market growth in Japan. Increasing initiatives by government organizations to stop the spread of zoonotic illnesses are supporting market expansion in the country.
Which Product is Forecast to Gain a Prominent Market Share?
“X-ray Systems Widely Used for Diagnosis of Several Veterinary Illnesses Due to Better Image Quality”
By product, the market is segmented into ultrasound systems, MRI, X-ray systems, endoscopy devices, and others. X-ray systems account for 60% share of the global market. X-ray systems will remain the top-selling product in the global veterinary imaging systems market. High x-ray system demand is mainly attributed to their provision of consistent high-quality images and the rise in shifts of preference toward this technology by veterinarians.
X-ray systems are mainly utilized to comprehend the intricate situations that animals experience. The need for X-ray systems is driven by ongoing developments in radiography and the use of x-rays to examine the gastrointestinal, reproductive, cardiovascular, and muscular-skeletal systems.
Which End Use Accounts for High Usage of Veterinary Imaging Systems?
“Veterinary Hospitals Gaining Popularity Due to Easy Accessibility of All Imaging Equipment to Detect Animal Ailments”
Based on end use, the market is divided into veterinary hospitals, veterinary clinics, and veterinary reference laboratories. The presence of major veterinary care specialists, the accessibility of all imaging equipment to detect various animal ailments, and the increase in veterinary practices are driving the adoption of veterinary imaging systems in veterinary hospitals.
Hospitals are known to have a huge spending capacity than clinics, so they can more easily purchase, install, and maintain a variety of veterinary imaging equipment. High usage of veterinary imaging systems in veterinary hospitals is also influenced by the government's growing emphasis on building modern, well-equipped medical infrastructure with top-notch facilities.
Demand for affordable and precise diagnostic tools for animal healthcare is what spurs the adoption of imaging technology. The development of imaging technologies is anticipated to fuel the demand for veterinary imaging systems in veterinary hospitals. Mobile technologies for pet owners that are effective and cloud-based information management systems are some of these developments.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Key market participants are focusing on the local supply of animal health diagnostic devices in veterinary hospitals. Major businesses are enhancing product standards and supply chain management to establish their presence in developing regions. Top market players are investing in R&D to develop innovative diagnostic imaging technology.
- In 2022, the third-generation, 30% lighter, 30% smaller, and pocket-sized products of advanced ultrasound scanners for veterinarians were unveiled by ClariusMobile Health. Due to their affordability and usability, such portable and small ultrasound instruments are gaining popularity.
- GE Healthcare is providing a wide range of imaging products through its collaboration with IMV imaging.
- IDEXX Laboratories, Inc. partnered with the referral management system rVetLink. This partnership was designed to aid in the development of cloud technology products, which are predicted to offer advanced and effective services to their users and thereby support growth.
Segmentation of Veterinary Imaging Systems Industry Research
By Product :
- Ultrasound Systems
- X-Ray Systems
- Endoscopy Devices
By Animal Type :
- Small Companion Animals
- Large Animals
By End Use :
- Veterinary Hospitals
- Veterinary Clinics
- Veterinary Reference Laboratories
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global veterinary imaging systems market is valued at US$ 1.9 billion in 2023.
North America accounts for 50% share of the global market.
Adoption of veterinary imaging systems is estimated to increase at a CAGR of 6.3% through 2033.
Increasing prevalence of veterinary diseases and growing awareness among pet owners for better treatment options for their pets are driving market growth.
By 2033-end, the veterinary imaging systems market is expected to reach a valuation of US$ 3.5 billion.