According to the report by Expert Market Research (EMR), the global veterinary diagnostic imaging market size is projected to grow at a CAGR of 7.23% between 2023 and 2028. Aided by the increasing demand for advanced diagnostic methods for animal health and the broadening applications of diagnostic imaging in veterinary medicine, the market is expected to grow significantly by 2028.
Veterinary diagnostic imaging technology includes a range of methods from traditional radiography (X-ray) to advanced techniques such as magnetic resonance imaging (MRI), computed tomography (CT), and ultrasound. These technologies play a pivotal role in diagnosing various diseases and injuries in animals by providing detailed and accurate images of the body’s interior. Veterinary diagnostic imaging finds extensive applications in small animal practices, large animal practices, and exotic animal clinics.
One of the key factors fuelling the global veterinary diagnostic imaging market growth is the rise in pet ownership and increasing expenditure on pet healthcare. The growing bond between humans and their companion animals has led to increased attention to pet health and well-being, driving the demand for advanced diagnostic methods. The need for accurate diagnosis and prompt treatment in case of illnesses or injuries further bolsters the demand for veterinary diagnostic imaging.
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Moreover, the increasing prevalence of zoonotic diseases has necessitated advanced diagnostic technologies in animal health management, aiding the veterinary diagnostic imaging market growth. Veterinary diagnostic imaging helps in the early detection of such diseases, enabling timely intervention and preventing the spread to humans.
The expanding applications of diagnostic imaging in veterinary medicine significantly contribute to the veterinary diagnostic imaging market development. The advent of advanced imaging techniques, such as 3D imaging, has revolutionised veterinary diagnostics, enabling the detection of complex conditions with greater accuracy. The application of diagnostic imaging in orthopaedics, neurology, oncology, and cardiology has further enhanced the scope of veterinary medicine.
The development and integration of telemedicine in veterinary practices also play a crucial role in the growth of the market. The availability of tele-radiology services enables remote consultation with radiology experts, promoting timely and accurate diagnosis, thereby propelling the veterinary diagnostic imaging market expansion. Further, the ongoing research and development in the field, along with initiatives to enhance veterinary imaging education, are likely to offer new growth avenues for the market in the foreseeable future.
The market can be divided based on equipment, application, animal type, and region.
Market Breakup by Equipment
- Radiography (X-ray) Systems
- Ultrasound Imaging Systems
- Computed Tomography Imaging Systems
- Magnetic Resonance Imaging Systems
- Video Endoscopy Imaging Systems
Market Breakup by Application
Market Breakup by Animal type
- Small Animals
- Large Animals
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global veterinary diagnostic imaging companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Canon Medical Systems Corporation
- Epica Animal Health
- Carestream Health
- Esaote SPA
- IDEXX Laboratories, Inc
- IMV Imaging
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