Global Veterinary Diagnostic Imaging Market Report and Forecast 2024-2032

Global Veterinary Diagnostic Imaging Market Outlook

The global veterinary diagnostic imaging market is expected to grow in the forecast period of 2024-2032 at a CAGR of 7.23%.

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Increasing Prevalence of Health-Related Issues in Animals Augmenting the Market for Veterinary Diagnostic Imaging

The market for veterinary diagnostic imaging is being aided by the growing prevalence of health-related issues in animals. As effective diagnosis is crucial to bolster the quality of life of animals, veterinary diagnostic imaging techniques are increasingly utilised, which is fuelling the market growth. The increasing availability of advanced imaging technologies for animals is also invigorating the market for veterinary diagnostic imaging. In addition, the surging development of veterinary diagnostics laboratories in developing countries is escalating the demand for advanced veterinary diagnostic imaging, thereby strengthening the growth of the market.

The increasing incidences of disorders and emergency critical health issues in animals is leading to a surge in demand for veterinary diagnostics and propelling the market growth. As computed tomography imaging systems provide high spatial resolution to enable an effective anatomical characterisation of diseases, their demand is significantly surging. The growing cost-effectiveness and the enhanced functionality of computed tomography imaging systems are also escalating their demand, thus augmenting the industry growth. With rapid technological advancements, computed tomography imaging systems enable the visualisation of various metabolic processes within cancer cells. This, in turn, is increasing their use in veterinarian cancer research and development (R&D) activities, hence bolstering the market growth of veterinary diagnostic imaging.

Veterinary Diagnostic Imaging: Market Segmentation

Veterinary diagnostic imaging refers to a diagnostic tool that is used to collect and assess the information of animal health. It is typically non-invasive and painless and is crucial in detecting deformities, fractures, tumours, infections, and injuries, among others, in animals. Veterinary diagnostic imaging boosts the quality of healthcare services for animals.

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The major equipment of veterinary diagnostic imaging is:

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

The market can be broadly categorised on the basis of its application segments into:

• Cardiology
• Oncology
• Neurology
• Orthopaedics
• Others

Based on animal type, the market is divided into:

• Small Animals
• Large Animals

The EMR report looks into the regional markets of veterinary diagnostic imaging like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Integration of Artificial Intelligence (AI) in Veterinary Diagnostic Imaging to Fuel the Market Growth

The integration of the latest technologies like artificial intelligence (AI) in veterinary diagnostic imaging systems is invigorating the growth of the market. Artificial intelligence (AI) is increasingly used to interpret imaging efficiently, thus boosting the cost-effectiveness of veterinary diagnostic imaging techniques. Moreover, it eliminates the requirement for veterinary imaging specialists, especially in research activities, which is projected to invigorate the industry growth. In addition, such technologies are boosting automating and increasing overall efficiency while providing personalised data for animals, which is anticipated to provide further impetus to the growth of the veterinary diagnostic imaging industry in the forecast period.

The growing deployment of innovative veterinary diagnostic imaging techniques in veterinary research for the effective treatment of various disorders is significantly contributing to the growth of the market. Furthermore, the growing potential of the use of advanced optical diagnostic imaging techniques to enhance the understanding of physiology, morphology, and tissue composition is expected to drive the market growth. As both pet and commercial animals are increasingly grappled with new diseases and health-related issues, the demand for veterinary diagnostic imaging to surge the development of medicines and therapeutics is projected to grow, which is predicted to propel the market growth in upcoming years.

Key Industry Players in the Global Veterinary Diagnostic Imaging Market

The report presents a detailed analysis of the following key players in the global veterinary diagnostic imaging market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Canon Medical Systems Corporation
• Epica Animal Health
• Carestream Health
• Esaote SPA
• IDEXX Laboratories, Inc
• IMV Imaging
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report