[181 Pages Report] The Veterinary Imaging Market size was estimated at USD 2.07 billion in 2023 and expected to reach USD 2.22 billion in 2024, at a CAGR 7.43% to reach USD 3.43 billion by 2030.
Veterinary imaging involves various techniques used to visualize and diagnose animal health issues. It includes methods including X-rays, ultrasound, CT scans, MRIs, and endoscopy, which help veterinarians examine internal organs, bones, tissues, and overall health in pets and larger animals. It caters to applications in orthopedics, cardiology, oncology, and neurology, among other specialties, and is employed in different settings such as veterinary hospitals & clinics, and research institutions. The veterinary imaging market is experiencing growth due to various factors, including increased pet adoption, rising veterinary healthcare expenditure, and advancements in imaging technology. However, high costs associated with advanced imaging modalities and a shortage of veterinary professionals with the expertise to interpret complex imaging results accurately can hinder the market’s potential. Furthermore, advancements in veterinary imaging instruments and government investments to improve veterinary diagnostic services are expected to offer significant growth opportunities for the veterinary imaging market.
Product: Growing adoption of ultrasound imaging due to its ease of use, and less expensive than most other imaging methods
CT, or computed tomography, is a type of diagnostic imaging that combines X-rays and computer technology to produce cross-sectional images of the body. It is highly beneficial for detailed internal examination of an animal, offering clear images of soft tissues, bones, and organs. Multi-slice CT scanners are advanced imaging systems capable of capturing multiple slices or sections of an image in a single rotation. This technology allows for faster scanning times and higher-resolution images, enabling detailed analysis of complex anatomical structures. A single-slice CT scanner captures one image slice per rotation. Although they are slower and have lower resolution than multi-slice scanners, they are used in some veterinary settings due to their simplicity and lower cost.
Radiography X-ray is one of the most common imaging tools in veterinary medicine. It utilizes X-rays to create two-dimensional images of the body, helping detect abnormalities in bones and certain organs. In computed Radiography (CR), an imaging plate coated with phosphor is used to capture image data. After exposure to X-rays, the plate is scanned into a digital imaging system to view and enhance the image for further evaluation. Direct Radiography (DR), or digital radiography, is a form of X-ray imaging where sensors directly capture data and immediately convert it to a digital image. This method provides quicker results and better image quality compared to CR. Film-based radiography is the traditional method of capturing X-ray images on photographic film. Digital forms of radiography have largely replaced film-based radiography; however it is still used in some practices, particularly where digital technology access is limited.
Ultrasound Imaging employs high-frequency sound waves to create real-time images of the inside of the body. It is commonly used for checking the health and development of fetuses during pregnancy and examining internal organs. Two-dimensional (2-D) ultrasound images provide flat, cross-sectional views of the internal structures. It is a common, non-invasive diagnostic tool for evaluating the chest and abdomen and for cardiological examinations. Three-dimensional (3-D) ultrasound imaging produces a static 3-D image, while four-dimensional (4-D) ultrasound imaging adds the element of time, resulting in a moving 3-D image. These techniques provide more detailed views that can enhance diagnostic capabilities.
Doppler Imaging, an ultrasound technology, measures and visualizes blood flow through vessels. It is highly useful for assessing the flow in cardiac and peripheral blood vessels, which can aid in diagnosing circulatory problems. Video Endoscopy Imaging involves using an endoscope equipped with a camera and light source to examine the interior surfaces of an animal’s body visually. This is particularly useful for gastrointestinal, respiratory, and other internal investigations.
Software & solutions for veterinary imaging are increasingly important as they enhance the functionality of imaging instruments and enable better image management and analysis. This category includes image processing software, picture archiving and communication systems (PACS), and veterinary imaging apps. Picture archiving and communication system (PACS) system enables the electronic management of veterinary imaging studies and provides a comprehensive solution for image storage, retrieval, management, distribution, and presentation. PACS is designed to improve the workflow in imaging departments, reducing the reliance on physical films and streamlining the diagnostic process for animal healthcare professionals. Cardiovascular information system PACS incorporates additional tools and software tailored to the needs of veterinarians dealing with heart-related conditions in various animal species. CVIS PACS enhances the ability of veterinarians to diagnose and monitor cardiovascular diseases, providing a centralized platform for all relevant cardiac imaging and patient data. Radiology Information System PACS is designed to streamline operations within a veterinary radiology department, including scheduling appointments, managing patient records, and performing billing tasks. The combination of RIS and PACS coalesces the administrative aspect of the radiology workflow with the technical aspects of image management, ensuring a seamless process from when an animal is referred for imaging studies to the delivery of diagnostic results.
Reagents in veterinary imaging are chemical substances or compounds that can enhance the visibility of tissues, organs, or specific areas of interest within an animal’s body on the images captured by various diagnostic modalities. Reagents serve as indispensable tools in diagnosing and monitoring animal health by improving the detection and characterization of diseases and internal structures. Magnetic resonance imaging (MRI) contrast agents are special types of reagents containing gadolinium or other paramagnetic elements that enhance certain tissues’ magnetic properties, making them appear different from surrounding structures on the MRI scan. Nuclear imaging is a diagnostic technique involving radioactive substances, known as radiotracers or radiopharmaceuticals, to visualize and assess the function of internal organs and tissues. These substances emit gamma rays which are detected by special cameras to create images representing the biological processes in the animal’s body, thus providing information on the function and health of the tissue being imaged.
Ultrasound contrast agents are reagents designed to improve the echogenicity of blood or tissues during ultrasound examinations. These agents are microbubbles composed of gas surrounded by a protein, lipid, or polymer shell. They improve the blood-to-tissue contrast by reflecting ultrasound waves, which enhances the quality of vascular and soft-tissue sonograms. X-ray/CT contrast agents are reagents used in X-ray and computed tomography (CT) to increase the contrast between structures and fluids within the body of animals. Commonly used agents contain iodine or barium, highly effective materials for absorbing X-rays. In CT imaging specifically, these contrast agents help to differentiate between types of tissue with similar attenuation characteristics (i.e., the ability to block X-rays), thereby enhancing the visibility of blood vessels, gastrointestinal tract, urinary system, and other areas for more accurate diagnosis.
The services segment encompasses a range of offerings such as maintenance & repair, training, and consulting services. These ensure that veterinary imaging devices are functioning optimally. After-sales support encompasses a variety of offerings, including maintenance, repair services, software updates, and technical assistance to ensure that the veterinary imaging systems operate efficiently over their lifespan. Installation and integration services involve the initial setting up of veterinary imaging equipment within a clinic or hospital environment. These services are performed by skilled technicians to ensure that the equipment is installed according to the manufacturer’s specifications and in compliance with applicable safety standards. The process includes assembling the machines, installing software, calibrating the devices, and integrating them with existing systems such as practice management software or picture archiving and communication systems (PACS).
Animal Type: Significant use of veterinary imaging for diagnosing small animals
Large animals, including equine, bovine, ovine, porcine, and other farm animals, require veterinary imaging services. The need for imaging in large animals is predominantly driven by concerns related to reproduction, orthopedics, and internal medicine. The small companion animals primarily cover pets such as dogs and cats. The demand in this sector is driven by the increasing adoption of pets and heightened attention to pet health by owners. Imaging technologies, including X-rays, ultrasound, MRI, and CT, are commonly used for diagnostic purposes, ranging from routine check-ups to the identification of complex conditions. Large animal imaging devices also often require greater versatility to accommodate different species and sizes, whereas those designed for small companion animals can be more specialized and sensitive.
Application: Expanding use of veterinary imaging for diagnosing orthopedics & traumatology in animals
Imaging is crucial in veterinary cardiology for diagnosing and monitoring heart diseases in animals. Echocardiograms, radiography, and CT scans are commonly used to assess heart structure and function, enabling early detection of conditions such as cardiomyopathy and congenital heart defects. Non-invasive imaging techniques are highly preferred and provide real-time insights into cardiac health, with advancements such as 3D imaging gaining traction. Neurological assessments in veterinary practice rely heavily on imaging technologies, including MRI and CT. These modalities are vital for diagnosing brain and spinal conditions, such as intervertebral disc disease (IVDD) or brain tumors. MRI is preferred over CT due to its superior contrast resolution in soft tissue imaging. Oncology applications in veterinary imaging include diagnosing and staging cancer, guiding biopsies, and planning radiation therapy. Modalities such as digital radiography, ultrasound, MRI, and PET/CT scans are utilized for diagnostics purposes. In oncology, multi-modal imaging approaches are preferred due to their ability to gather comprehensive data on the tumor. The orthopedics and traumatology sectors employ imaging to diagnose bone fractures, joint disorders, and musculoskeletal injuries.
End-Users: Burgeoning demand for veterinary imaging from veterinary clinics
Academic institutions constitute universities, colleges, and veterinary schools that frequently engage in extensive research projects. They require advanced veterinary imaging systems to facilitate educational purposes and innovative research. Such institutions generally need high-end equipment, including MRI, CT scanners, and high-resolution ultrasound devices, to provide in-depth training to veterinary students and conduct cutting-edge research. Veterinary clinics and diagnostic centers handle a high volume of outpatient services requiring quick and efficient diagnostic equipment. These centers prefer portable ultrasound machines, digital X-ray systems, and handheld devices as they combine efficiency with convenience and cost-effectiveness.
Regional Insights
The American region exhibits a mature veterinary imaging market owing to factors such as high pet ownership rates, advanced healthcare infrastructure, and well-established animal healthcare regulations that contribute to robust market dynamics. The EMEA countries, including Germany, France, and the UK, show significant adoption rates of veterinary imaging services fueled by stringent animal health regulations, high standards of veterinary practice, and substantial pet insurance coverage. Countries, including the UAE and Saudi Arabia, are progressively improving their animal healthcare systems, encouraging the import of high-quality veterinary imaging products. They are increasingly focused on comprehensive pet care services, which boosts market development. Moreover, the Asia-Pacific region is witnessing rapid growth due to rising pet adoption, increasing discretionary income, and expanding awareness about animal health. Countries including China, Japan, and India present a lucrative market underpinned by advanced technological infrastructure and a strong economy. There is a significant demand for high-end imaging modalities in the APAC region due to the prioritization of quality healthcare for pets. Additionally, government investments in the veterinary imaging sector from private and public sources in the APAC region aimed to improve service delivery are expected to boost the market growth.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Veterinary Imaging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Veterinary Imaging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Veterinary Imaging Market, highlighting leading vendors and their innovative profiles. These include Agfa-Gevaert Group, Antech Diagnostics, Inc., BMV MEDTECH GROUP CO., LTD, Canon Inc., Carestream Health, Inc., CHISON Medical Technologies Co., Ltd., Clarius Mobile Health Corp., Covetrus, Inc., Dentalaire, International, DRAMI?SKI S. A., E.I. Medical Imaging, Edan Instruments, Inc., Esaote S.p.A, FUJIFILM Holdings Corporation, GE HealthCare Technologies Inc., Hallmarq Veterinary Imaging Limited, Heska Corporation by Mars, Incorporated, IDEXX Laboratories, Inc., IM3 Inc., IMV Imaging (UK) Ltd., Interson Corporation, Konica Minolta, Inc., Leltek Inc., Lepu Medical Technology(Beijing)Co.,Ltd., MinXray, Inc., Promed Technology Co., Ltd., ReproScan, Samsung Electronics Co., Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Siemens AG, SonoScape Medical Corp., and Xoran Technologies LLC.
Market Segmentation & Coverage
This research report categorizes the Veterinary Imaging Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- Instrument
- CT Imaging
- Multi-Slice CT
- Single-Slice CT
- Radiography X-ray
- Computed Radiography
- Direct Radiography
- Film-Based Radiography
- Ultrasound Imaging
- 2-D Ultrasound Imaging
- 3-D/4-D Ultrasound Imaging
- Doppler Imaging
- Video Endoscopy Imaging
- CT Imaging
- Reagents
- MRI Contrast Regents
- Nuclear Imaging
- Ultrasound Contrast Regents
- X-Ray/CT Contrast Reagents
- Services
- After-sales Services
- Installation & Integration Services
- Software & Solutions
- Instrument
- Animal Type
- Large Animals
- Small Companion Animals
- Application
- Cardiology
- Neurology
- Oncology
- Orthopedics & Traumatology
- End-user
- Academic Institutions
- Veterinary Clinics & Diagnostic Centers
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Veterinary Imaging Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Veterinary Imaging Market?
- What are the technology trends and regulatory frameworks in the Veterinary Imaging Market?
- What is the market share of the leading vendors in the Veterinary Imaging Market?
- Which modes and strategic moves are suitable for entering the Veterinary Imaging Market?
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