The latest report by IMARC Group, titled “Veterinary Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global veterinary imaging market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

Factors Affecting the Growth of the Global Veterinary Imaging Industry:

  • Increasing Pet Adoption:

The surge in pet adoption rates globally has directly influenced the demand for veterinary services, including imaging diagnostics. Pet owners are increasingly willing to spend on the health and well-being of their pets, leading to a rise in the demand for advanced veterinary imaging services. This trend is supported by a growing awareness of pet health issues, which necessitates detailed diagnostics for accurate treatment, thereby fueling the expansion of the veterinary imaging market.

  • Technological Advancements:

The veterinary imaging market is benefiting significantly from technological advancements in imaging systems, such as MRI, CT scans, and ultrasound. These advancements have improved the quality and efficiency of veterinary diagnostic procedures, making them more accessible to veterinary practitioners. High-definition images enable accurate diagnoses of complex health conditions in animals, leading to better treatment outcomes. Furthermore, innovations in portability and ease of use of imaging equipment have expanded their application in various veterinary settings, from clinics to field operations.

  • Growing Prevalence of Zoonotic Diseases:

The increasing prevalence of zoonotic diseases, which can be transmitted from animals to humans, has heightened the importance of regular and advanced veterinary diagnostics. Veterinary imaging plays a crucial role in early detection and management of such diseases, contributing to public health safety. Additionally, there is a growing awareness among pet owners and livestock managers about the importance of animal health, driven by educational campaigns and government initiatives. This awareness has led to more frequent use of imaging services to ensure the health and productivity of animals, further propelling the market growth.

For an in-depth analysis, you can request the sample copy of the report: https://www.imarcgroup.com/veterinary-imaging-market/requestsample

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Agfa-Gevaert N.V. (IG Farben)
  • Canon Inc.
  • Carestream Health Inc.
  • Draminski S.A.
  • Esaote SpA
  • Fujifilm holdings corp.
  • Hallmarq Veterinary Imaging
  • Heska Corporation
  • IDEXX Laboratories Inc.
  • IMV Technologies Group
  • MinXray Inc.
  • Siemens Healthineers AG (Siemens AG)

Veterinary Imaging Market Report Segmentation:

By Product Type: 

  • Instrument
  • Reagents
  • Others

Instruments represented the largest segment due to their essential role in veterinary imaging procedures, encompassing a wide range of equipment such as X-ray machines, ultrasound devices, and MRI scanners. 

By Animal Type: 

  • Small Companion Animals
  • Large Animals

Small companion animals represented the largest segment, reflecting the high demand for veterinary imaging services for pets, including dogs, cats, and other small companion animals.

By Application: 

  • Orthopedics and Traumatology
  • Oncology
  • Cardiology
  • Neurology
  • Others

Orthopedics and traumatology represented the largest segment, driven by the need for diagnostic imaging in the assessment and treatment of musculoskeletal injuries and conditions in animals.

By End User: 

  • Hospitals and Clinics
  • Reference Laboratories
  • Others

Hospitals and clinics represented the largest segment as they serve as primary points of care for animals requiring diagnostic imaging services, including both general veterinary clinics and specialized veterinary hospitals.

By Country:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America was the largest market, attributed to factors such as the high adoption of advanced veterinary imaging technologies, increasing pet ownership rates, and the presence of leading veterinary imaging companies and research institutions in the region.

Veterinary Imaging Market Trends:

The veterinary imaging market is witnessing continuous advancements in imaging technologies, including digital radiography, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear imaging techniques. These advancements enable veterinarians to obtain high-quality images with improved resolution, contrast, and diagnostic accuracy, facilitating better diagnosis and treatment planning for animal patients. Besides, increasing pet ownership rates and growing awareness of pet health and wellness are driving demand for veterinary imaging services. Pet owners are increasingly seeking advanced diagnostic imaging procedures, such as ultrasound scans and MRI scans, to ensure the early detection and treatment of medical conditions in their beloved pets.

Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/veterinary-imaging-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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