The global veterinary imaging market size is expected to reach USD 2.99 billion by 2030 according to a new study by Polaris Market Research. The report “Veterinary Imaging Market Share, Size, Trends, Industry Analysis Report, By Therapeutic Area (Orthopedics & Traumatology, Obstetrics & Gynecology, Oncology, Cardiology, Neurology, Dentistry, Others); By Product; By Animal Type; By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Key factors driving the market’s growth include adopting veterinary imaging across various verticals. The rising prevalence of veterinarian disorders, expanding pet ownership, and rising spending on pet well-being contribute to market expansion. According to a study, roughly 10-15% of all dogs suffer cardiac disease. About 5% of all canine heart disease is caused by congenital heart disease. Manufacturers of this tomography equipment cooperate with the government and private hospitals and clinics to upgrade their facilities with cutting-edge diagnostic technology. Further, in April 2021, Hester Biosciences has introduced a new line of herbal treatments for poultry, cattle, sheep, goats, and pigs.
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To support the entire welfare of animals and to enrich the product portfolio, the organization is legally integrating a new collection of herbal products for livestock farming into its existing product range. The products will primarily target mastitis and production issues, gastrointestinal tract ailments, reproductive disorders, ectoparasites, and skin injuries in animal health.
Based on the animal type, the companion animal segment accounted for the leading share in the market. The value of human and animal interaction has been reassessed due to increasing urbanization. Loneliness caused by nuclear families, young movement from their homes to work locations, an increasing number of bachelors living alone, and increased spending capacity on pet care are primary causes leading to the segment’s growth.
Market players such as IDEXX Laboratories, Inc., Canon Inc., Carestream Health, Draminski S.A., E.I. Medical Imaging, SAMSUNGMEDICALSOLUTION.COM, Esaote S.P.A., Fujifilm Holdings Corporation, GE Healthcare, Heska Corporation, Agfa-Gevaert N.V., Konica Minolta Inc., Mindray Medical International Limited, Sedecal, and Siemens Healthineers are some key players operating in the global market.
In September 2021, Canon Inc announced that it will require Redlen Technologies, to boost the Medical Systems Business, Canon will acquire superior radiation detection and tomography technology to speed the development of Photon Counting CT systems.
Polaris Market Research has segmented the veterinary imaging market report based on product, therapeutic area, animal type, end-use, and region:
Veterinary Imaging, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- Veterinary Imaging Instruments
- Radiography (X-RAY)
- Computed Radiography Systems
- Direct Radiography Systems
- Film-based Radiography Systems
- 2D Ultrasound
- 3D/4D Ultrasound
- Doppler Ultrasound
- Computed Tomography
- Stationary Multi-slice Computed Tomography Systems
- Portable Computed Tomography Systems
- Video Endoscopy
- Magnetic Resonance
- Other Imaging Systems
- Veterinary Imaging Reagents
- X-ray and CT Contrast Reagents
- MRI Contrast Reagents
- Ultrasound Contrast Reagents
- Imaging Software
Veterinary Imaging, Therapeutic Area Outlook (Revenue – USD Billion, 2018 – 2030)
- Orthopaedics & Traumatology
- Obstetrics & Gynaecology
Veterinary Imaging, Animal Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Small Companion Animals
- Large Animals
Veterinary Imaging, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Veterinary Clinics and Diagnostic Centres
- Veterinary Hospitals and Academic Institutions
Veterinary Imaging, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa