The Veterinary Diagnostic Imaging Market is expected to register a CAGR of 7.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Equipment (Radiography Systems, Ultrasound Imaging Systems, Computed Tomography Imaging Systems, Magnetic Resonance Imaging Systems, Video Endoscopy Imaging Systems, and Other Equipment). The report further presents analysis based on the Application (Cardiology, Oncology, Neurology, Orthopedics, Other Applications), Animal Type (Small Animals, Large Animals). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Veterinary Diagnostic Imaging Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Veterinary Diagnostic Imaging Market Segmentation
Equipment- Radiography Systems
- Ultrasound Imaging Systems
- Computed Tomography Imaging Systems
- Magnetic Resonance Imaging Systems
- Video Endoscopy Imaging Systems
- Other Equipment
- Cardiology
- Oncology
- Neurology
- Orthopedics
- Other Applications
- Small Animals
- Large Animals
Strategic Insights
Veterinary Diagnostic Imaging Market Growth Drivers- Rising Pet Ownership and Veterinary Care Demand: The increasing number of pet owners globally has significantly contributed to the growth of the veterinary diagnostic imaging market. As pets are considered family members, there is a growing focus on ensuring their health and well-being. This drives the demand for advanced diagnostic tools like X-ray, MRI, and ultrasound devices to detect and treat various conditions in animals.
- Technological Advancements in Imaging Devices: Advancements in veterinary diagnostic imaging technologies, such as high-resolution MRI, CT scans, and digital radiography, are enhancing the accuracy and speed of diagnoses in animals. These innovations enable early detection and effective treatment of diseases, improving clinical outcomes and contributing to the broader adoption of these technologies in veterinary practices.
- Increased Prevalence of Chronic Diseases in Pets:The rising incidence of chronic diseases such as arthritis, cancer, and heart disease among pets is driving the demand for diagnostic imaging. These conditions require detailed imaging for accurate diagnosis, leading to an increased need for advanced imaging equipment. Additionally, pet owners are increasingly seeking preventive care, further supporting the growth of the market.
- Portable and Point-of-Care Diagnostic Imaging: Portable veterinary diagnostic imaging devices, such as handheld ultrasound machines and mobile X-ray units, are gaining popularity. These devices allow veterinarians to perform imaging procedures in various settings, including emergency care, fieldwork, and remote areas, providing more accessible and flexible diagnostic capabilities.
- Integration of Artificial Intelligence (AI) in Imaging: AI-powered diagnostic imaging solutions are being integrated into veterinary practices. These systems help automate image analysis, identify abnormalities, and provide faster diagnoses. The use of AI is increasing diagnostic accuracy, reducing human error, and enhancing the overall efficiency of veterinary care.
- Growing Focus on Preventive Veterinary Care: There is a shift towards preventive care in veterinary medicine, which is driving the demand for diagnostic imaging to monitor the health of pets regularly. Veterinarians are using imaging technologies to detect diseases at earlier stages, offering a better prognosis for pets and reducing the need for invasive procedures.
- Emerging Veterinary Practices in Developing Regions: Emerging markets, particularly in Asia-Pacific, Latin America, and Africa, represent a significant opportunity for growth in the veterinary diagnostic imaging market. Increased pet ownership, expanding disposable incomes, and improving healthcare infrastructure in these regions provide a growing market for veterinary diagnostic technologies.
- Expansion of Veterinary Hospitals and Clinics: The expansion of veterinary hospitals and specialty clinics globally creates a growing need for high-quality diagnostic imaging equipment. These facilities are increasingly adopting advanced technologies to provide accurate diagnoses, improving patient outcomes and fostering the demand for veterinary diagnostic devices.
- Growth in Large Animal Diagnostics: The veterinary diagnostic imaging market is also benefiting from increased demand for imaging solutions in large animal practices, including livestock and equine care. As the livestock industry grows, there is a need for advanced imaging technologies to monitor and treat various conditions in large animals, thus opening up new market opportunities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Veterinary Diagnostic Imaging Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Veterinary Diagnostic Imaging Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Rising pet ownership, increased awareness about pet health, and the growing prevalence of chronic diseases in pets are key factors driving the demand for veterinary diagnostic imaging. Additionally, technological advancements in imaging systems are enhancing their efficiency and affordability, making them more accessible to veterinary clinics.
AI and automation in veterinary diagnostic imaging help improve the accuracy and speed of diagnoses by automating image analysis. AI algorithms can detect abnormalities in images faster than human practitioners, enhancing diagnostic precision and reducing the likelihood of errors.
High initial costs of advanced imaging equipment, the need for skilled professionals to operate these devices, and the relatively slow adoption of new technologies in some regions pose challenges. Additionally, there are regulatory hurdles that delay the launch of innovative imaging solutions.
As pet owners increasingly view pets as family members, there is a greater focus on preventive and diagnostic care, driving demand for advanced imaging solutions. This shift encourages veterinarians to invest in better diagnostic tools to ensure the health and longevity of pets.
Portable diagnostic devices enable veterinarians to provide care in remote areas, during emergencies, and in non-traditional settings. Their ease of use and flexibility make them an important tool in expanding access to veterinary care and diagnostics, especially in underserved regions.
The market is expected to continue growing, fueled by advancements in imaging technology, increased demand for pet healthcare, and the expansion of veterinary practices globally. Emerging markets are likely to see significant adoption of diagnostic imaging solutions, presenting strong growth opportunities.
- GE Healthcare
- Siemens Healthineers
- Canon Medical Systems
- Carestream Health
- Idexx Laboratories
- Agfa-Gevaert Group
- Hawkeye Veterinary Imaging
- Mindray
- Fujifilm Corporation
- Bionet
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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