Global Veterinary Diagnostic Imaging Market growing at a CAGR of 6.3% from 2023 to 2030
Category : Pharmaceuticals And Healthcare | Published Date : Jul 2023
Key Market Overview
Consegic Business Intelligence analyzes that the veterinary diagnostic imaging market is predicted to grow at a compound annual growth rate of 6.3% from 2023 to 2030 and is expected to reach USD 2,023.16 million in 2030 which was valued at USD 1,250.20 million in 2022.
The report highlights the increasing adoption of veterinary diagnostic imaging for the diagnosis of small animals, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the veterinary diagnostic imaging market.
Global Veterinary Diagnostic Imaging Market By Overview
The veterinary diagnostic imaging market is bifurcated into product type, application, and animal type. Based on product type the market is segmented into radiography (X-ray) systems, ultrasound imaging systems, computed tomography imaging systems, magnetic resonance imaging systems, video endoscopy imaging systems, and others. In 2022, the radiography (X-ray) systems segment dominates in the overall veterinary diagnostic imaging market. The application segment is categorized into cardiology, oncology, neurology, orthopedics, and others. In 2022, the orthopedics segment accounted for the highest market share in the veterinary diagnostic imaging market. The animal type segment is categorized into small animals and large animals. In 2022, the small animals segment accounted for the highest market share in the veterinary diagnostic imaging market.
Get Free SampleMarket Dynamics
Driver:
- Increasing adoption of artificial intelligence (AI) enabled X-ray systems in vet care facilities is driving the global veterinary diagnostic imaging market growth.
- Rising insurance and spending for pets are accelerating the veterinary diagnostic imaging market growth.
Restraints:
- The higher cost of veterinary diagnostic imaging systems is posing a major bottleneck for market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Radiography (X-ray) Systems, Ultrasound Imaging Systems, Computed Tomography Imaging Systems, Magnetic Resonance Imaging Systems, Video Endoscopy Imaging Systems, and Others |
| By Application | Cardiology, Oncology, Neurology, Orthopedics, and Others |
| By Animal Type | Small Animals and Large Animals |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Esaote SPA, IDEXX Laboratories Inc., Epica Animal Health, and Canon Medical Systems Corporation which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the veterinary diagnostic imaging market is expected to witness substantial growth in the coming years due to the growing investment in veterinary centers in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Esaote SPA
- IDEXX Laboratories Inc.
- Epica Animal Health
- Canon Medical Systems Corporation
- Fujifilm Holdings Corporation
- IMV Imaging, Carestream Health
- Hallmarq
- Veterinary Imaging
- Heska Corporation
- Shenzhen Mindray Animal Medical Technology Co., LTD.