Veterinary Imaging Instrument Industry Data Book Covers Veterinary X-Ray, Veterinary Ultrasound, Animal MRI and Animal/Veterinary CT Imaging Markets.
The global market size for the veterinary imaging instrument was estimated at USD 1.44 Billion in 2021 and is anticipated to increase at a CAGR of 5.7% from 2022 to 2030.
Access the Global Veterinary Imaging Instrument Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.
Veterinary X-ray Market Growth & Trends
The global veterinary X-ray market size is expected to reach USD 1.06 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a lucrative CAGR of 6.31% from 2023 to 2030. The key factors driving the market growth include a rise in the prevalence of orthopedic diseases in animals, a growing pet population, increased animal health spending, high pet insurance, and a rise in the number of veterinary practitioners.
Similarly, the rising prevalence of chronic disease in pets due to obesity is contributing to market growth. Pet obesity has become an epidemic in the U.S. as per The Association for Pet Obesity Prevention (APOP) 59% of dogs and 61% of cats classified as overweight or having obesity in 2022. Obesity causes chronic conditions such as osteoarthritis that frequently require diagnosis and surgical intervention. According to Banfield Pet Hospital, the most common osteoarthritis conditions affecting dogs and cats in 2017 were arthritis/DJD, tendon or ligament conditions, and hip and pelvis conditions. This results in increased use of X-rays for disease diagnosis.
The COVID-19 pandemic caused significant growth in the pet industry by establishing new trends such as increased pet ownership and animal spending. The COVID-19 pandemic has impacted negatively on a variety of industries worldwide. The pandemic had a significant impact on the healthcare industry. The unexpected outbreak of the COVID-19 pandemic induced the implementation of strict lockdown restrictions in several countries, resulting in the shutdown of numerous vet facilities and a negative impact on global demand for veterinary x-ray imaging.
Order your copy of Free Sample of “Veterinary Imaging Instrument Industry Data Book - Veterinary X-Ray, Veterinary Ultrasound, Animal MRI and Animal/Veterinary CT Imaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Veterinary CT Imaging Market Growth & Trends
The global veterinary CT imaging market size is expected to reach USD 640.9 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.03% from 2023 to 2030. The key factors driving the market growth include the growing adoption of pets, an increasing number of veterinary clinics in developing countries with improved infrastructure, advancing veterinary imaging technologies, and emerging diagnostic centers for veterinary practices.
One of the major drivers propelling the market growth for veterinary CT imaging is increasing access to computed tomography among general veterinary practitioners. The ability to produce 3D reconstructions is crucial for this wide acceptance of CT in veterinary medicine since it helps surgeons and other medical professionals to detect the target site before the treatment and serves as a useful teaching tool for complex anatomy and physiology. Although there is still much research to be done regarding the use of CT scanners in veterinary medicine, recent clinic advancements have focused on using technology coupled with movement-restricting devices to create CT scan images without having to put a patient to sleep, thereby lowering the morbidity rates related to general anaesthesia.
Diagnostic imaging modalities play a vital role in veterinary diagnosis and treatment. The recent advancements in the veterinary industry and imaging technologies over the past decade have aided veterinarians in precisely diagnosing several complicated diseases with ease. The high-resolution anatomical images developed by CT equipment help evaluate the pet’s internal anatomy with more accuracy than standard radiography. Recently, CT scans are widely performed in combination with a contrast reagent that must be given intravenously before imaging. This allows veterinarians to visualize the sites with increased blood flow or clots accurately.
Veterinary MRI Market Growth & Trends
The global veterinary MRI market size is expected to reach USD 360 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 7.38% from 2023 to 2030. The key factors driving the growth include the rising pet expenditures, rate of advanced diagnostics procedures, strategic initiatives by companies, and increasing adoption by end-users.In October 2020, Davies Veterinary Specialists in the U.K. and part of Mars Veterinary Health invested about 1.5 million pounds in acquiring new magnetic resonance imaging (MRI) and CT systems. This supported its growth objectives of establishing new veterinary teams and increasing the hospital footprint.
The COVID-19 pandemic impacted the market notably with both challenges and opportunities. Market stakeholders witnessed limited access to veterinary care during the first half of 2020, while manufacturers faced operational and supply chain hurdles. However, the pandemic raised awareness about animal health in general as pet parents stayed at home and were thus more attuned to changes in their pet’s behavior. This factor combined with the growing humanization of pets is expected to fuel the market’s growth in the coming years.
The expansion of service offerings to include MRI training and education is another key factor contributing to the market growth.MRI scanners should be operated by trained technologists as many factors have to be considered when preparing an animal for an MRI. Most times, this training is not part of the veterinary curriculum and must be acquired as part of the training program in a radiologic technology school or by attending special training sessions. MRI VET Academy by Esaote SPA offers free online learning courses that introduce general practitioners to the neurological patient, and common spinal and brain diseases.
Go through the table of content of Veterinary Imaging Instrument Industry Data Book to get a better understanding of the Coverage & Scope of the study.
Competitive Landscape
Key players operating in the Veterinary Imaging Instrument Industry are –
• IDEXX Laboratories, Inc.
• Canon Medical Systems Corporation
• FUJIFILM Holdings America Corporation
• Samsung
• Heska Corporation
• Butterfly Network, Inc.
• Carestream Health
• Midmark Corporation
• ESAOTE SPA
• SOUND
Grand View Research’s Veterinary Imaging Instrument industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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