Veterinary Diagnostic Imaging Market, By Equipment (Radiography (X-ray) Systems, Ultrasound Imaging Systems, Computed Tomography Imaging Systems, Magnetic Resonance Imaging Systems, Video Endoscopy Imaging Systems, and Other Equipment), By Animal Type (Small Animals and Large Animals), By Application (Cardiology, Oncology, Neurology, Orthopedics, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI381420 | Publish Date: March 2024 | No. of Pages: 178

Global Veterinary Diagnostic Imaging Market Overview

Introduction:

Veterinary Diagnostic Imaging Market was valued at US$ 2.4 Billion in 2024 and is projected to grow at a CAGR of 7.50% to reach US$ 4.6 Billion by 2034.

Veterinary diagnostic imaging is a branch of veterinary medicine. It is used to obtain medical images of animal for diagnosis of the disease. Imaging systems such as X-ray, radiography, MRI, ultrasound imaging, CT imaging, endoscopy imaging, and others, are used to diagnose diseases in companion animals, livestock animals, large animals, and others.

Drivers and Restraints:

Increasing expenditure on animal health and pet insurance are projected to witness a growing demand for the global veterinary diagnostic imaging market. Also, an increase in the number of vet practitioners and a growing companion animal segment due to high adoption of pets around the world are expected to drive the demand for these systems over the forecast period. According to ASPCA (American Society for the Prevention of Cruelty to Animals) in 2017, around 6.5 million companion animals enter animal shelters every year. In the U.S., out of those animals, approximately 3.2 million are cats and 3.3 million are dogs. ASPCA also estimated that 3.2 million shelter animals are adopted as pets each year; among which, around 1.6 million are dogs and the rest 1.6 million are cats. Growth in the incidence of zoonotic diseases demands along with effective and accurate diagnostic tools is expected to fuel the target market growth. High demand for dairy & meat equipment’s, upsurge in the population of livestock, rise in adoption of pets, and increase in awareness among pet owners for better treatment options for their pets are some of the factors projected to contribute to the growth of the global market. However, the high cost of imaging devices and lack of skilled personnel is expected to hamper the growth of the target market over the forecast period.

Segmentation:

The veterinary diagnostic imaging market is segmented based on equipment, animal type, application, and region.

Based on equipment, the veterinary diagnostic imaging market is segmented into radiography (X-ray) systems, ultrasound imaging systems, computed tomography imaging systems, magnetic resonance imaging systems, video endoscopy imaging systems, and other equipment. Based on animal type, the target market is segmented into small animals and large animals. Based on application, the global market is bifurcated into cardiology, oncology, neurology, orthopedics, and other applications. Orthopedic application of veterinary imaging estimated for the largest revenue share. Growing demand for accurate diagnostic solutions, increase in injuries among animals, and availability of animal care facilities are contributing to the dominance of this segment as of 2018.

Based on the region the veterinary diagnostic imaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North American region is dominating the market and is anticipated to maintain its dominance over the forecast period. Growing demand for veterinary imaging equipment and an increase in R&D is anticipated to drive the growth. According to the American Society for the Prevention of Cruelty to Animals, the pet adoption rate in North America has increased at a substantial rate. Asia Pacific regional market for veterinary diagnostic imaging is anticipated to witness numerous growth owing to growing healthcare expenditure and upsurge in interest of key players to invest in this market.

Key Players:                                                                                                  

The key players operating the veterinary diagnostic imaging market involves Hallmarq Veterinary Imaging, IMV Imaging, Carestream Health, Sound, Fujifilm Holdings, IDEXX Laboratories Inc., Canon Medical Systems Corporation, Epica Animal Health, and Esaote SPA. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the equipment to gain a competitive edge in the target market. For instance, in February 2019, FUJIFILM signed a basic agreement with JEOL Ltd., regarding the marketing and distribution of JEOL's clinical chemistry analyzer equipment are in the global market outside of Japan.

Detailed Segmentation:

Veterinary Diagnostic Imaging Market, By Equipment:

  • Radiography (X-ray) Systems
  • Ultrasound Imaging Systems
  • Computed Tomography Imaging Systems
  • Magnetic Resonance Imaging Systems
  • Video Endoscopy Imaging Systems
  • Other Equipment

Veterinary Diagnostic Imaging Market, By Animal Type:

  • Small Animals
  • Large Animals

Veterinary Diagnostic Imaging Market, By Application:

  • Cardiology
  • Oncology
  • Neurology
  • Orthopedics
  • Other Applications

Veterinary Diagnostic Imaging Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Veterinary Diagnostic Imaging Market, By Equipment
      • Middle East & Africa Veterinary Diagnostic Imaging Market, By Animal Type
      • Middle East & Africa Veterinary Diagnostic Imaging Market, By Application
      • Middle East & Africa Veterinary Diagnostic Imaging Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Veterinary Diagnostic Imaging Market, By Equipment
      • Latin America Veterinary Diagnostic Imaging Market, By Animal Type
      • Latin America Veterinary Diagnostic Imaging Market, By Application
      • Latin America Veterinary Diagnostic Imaging Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Veterinary Diagnostic Imaging Market, By Equipment
      • Asia Pacific Veterinary Diagnostic Imaging Market, By Animal Type
      • Asia Pacific Veterinary Diagnostic Imaging Market, By Application
      • Asia Pacific Veterinary Diagnostic Imaging Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • Europe Veterinary Diagnostic Imaging Market, By Equipment
      • Europe Veterinary Diagnostic Imaging Market, By Animal Type
      • Europe Veterinary Diagnostic Imaging Market, By Application
      • Europe Veterinary Diagnostic Imaging Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America Veterinary Diagnostic Imaging Market, By Equipment
    • North America Veterinary Diagnostic Imaging Market, By Animal Type
    • North America Veterinary Diagnostic Imaging Market, By Application
    • North America Veterinary Diagnostic Imaging Market, By Country
      • The U.S.
      • Canada

Company Profile:

  • Hallmarq Veterinary Imaging
    • Company Overview
  • Product Portfolio
    • Key Highlights
    • Financial Performance
  • IMV Imaging
  • Carestream Health
  • Sound
  • Fujifilm Holdings
  • IDEXX Laboratories Inc.
  • Canon Medical Systems Corporation
  • Epica Animal Health
  • Esaote SPA

 “*” marked represents similar segmentation in other categories in the respective section

Key Issues Addressed

  • What is the total revenue potential of the global veterinary diagnostic imaging market?
  • How that market is expected to grow during the study period?
  • What are some of the major growth opportunities in the veterinary diagnostic imaging market?
  • Which companies are the major players in the veterinary diagnostic imaging market?

Global Veterinary Diagnostic Imaging Market Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Veterinary Diagnostic Imaging Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Equipment
      • Market Snippet, By Animal Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Veterinary Diagnostic Imaging Market, By Equipment, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Radiography (X-ray) Systems
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Ultrasound Imaging Systems
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Computed Tomography Imaging Systems
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Magnetic Resonance Imaging Systems
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Video Endoscopy Imaging Systems
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Equipment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Veterinary Diagnostic Imaging Market, By Animal Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Small Animals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Large Animals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Veterinary Diagnostic Imaging Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    •  Cardiology
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Oncology
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Neurology
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Orthopedics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Applications
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Veterinary Diagnostic Imaging Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Equipment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Equipment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Equipment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Equipment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Equipment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
      • Hallmarq Veterinary Imaging *
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
  • IMV Imaging
  • Carestream Health
  • Sound
  • Fujifilm Holdings
  • IDEXX Laboratories Inc.
  • Canon Medical Systems Corporation
  • Epica Animal Health
  • Esaote SPA
  1. The Last Word
    • Future Impact
    • About Us
    • Contact