Veterinary Imaging Market by Product, Animal Type, Application, End-user

List of Tables

[187 Pages Report] The Veterinary Imaging Market size was estimated at USD 1.94 billion in 2022 and expected to reach USD 2.07 billion in 2023, at a CAGR 7.35% to reach USD 3.43 billion by 2030.

Global Veterinary Imaging Market

KEY MARKET STATISTICS
Base Year [2022]	USD 1.94 billion
Estimated Year [2023]	USD 2.07 billion
Forecast Year [2030]	USD 3.43 billion
CAGR (%)	7.35%

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.

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, DRAMINSKI 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
- Reagents
  - MRI Contrast Regents
  - Nuclear Imaging
  - Ultrasound Contrast Regents
  - X-Ray/CT Contrast Reagents
- Services
  - After-sales Services
  - Installation & Integration Services
- Software & Solutions
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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. 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.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Veterinary Imaging Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Veterinary Imaging Market?

3. What are the technology trends and regulatory frameworks in the Veterinary Imaging Market?

4. What is the market share of the leading vendors in the Veterinary Imaging Market?

5. Which modes and strategic moves are suitable for entering the Veterinary Imaging Market?

Product Code: MRR-ED54C46E8610

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Veterinary Imaging Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of companion animal and livestock ownership
  - 5.1.1.2. Rising incidence of chronic diseases and accidental injuries in animals coupled with surge in expenditure on animal health
- 5.1.2. Restraints
  - 5.1.2.1. Capital-intensive veterinary imaging instruments
- 5.1.3. Opportunities
  - 5.1.3.1. Significant government investment and initiatives to improve veterinary diagnostic services
  - 5.1.3.2. Ongoing advancements in veterinary imaging instruments
- 5.1.4. Challenges
  - 5.1.4.1. Limitations associated with dearth of veterinary practitioners in developing economies
5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing adoption of ultrasound imaging due to its ease of use, and less expensive than most other imaging methods
- 5.2.2. Animal Type: Significant use of veterinary imaging for diagnosing small animals
- 5.2.3. Application: Expanding use of veterinary imaging for diagnosing orthopedics & traumatology in animals
- 5.2.4. End-Users: Burgeoning demand for veterinary imaging from veterinary clinics
5.3. Market Trend Analysis
- 5.3.1. Advancing product portfolios for veterinary imaging in the Americas
- 5.3.2. Rising livestock population with expanding pet care facilities in the Asia-Pacific
- 5.3.3. Government initiatives for animal welfare coupled with growing zoonotic disease in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Veterinary Imaging Market, by Product

6.1. Introduction
6.2. Instrument
- 6.3.1. CT Imaging
  - 6.3.2.1. Multi-Slice CT
  - 6.3.2.2. Single-Slice CT
- 6.3.2. Radiography X-ray
  - 6.3.3.1. Computed Radiography
  - 6.3.3.2. Direct Radiography
  - 6.3.3.3. Film-Based Radiography
- 6.3.3. Ultrasound Imaging
  - 6.3.4.1. 2-D Ultrasound Imaging
  - 6.3.4.2. 3-D/4-D Ultrasound Imaging
  - 6.3.4.3. Doppler Imaging
- 6.3.4. Video Endoscopy Imaging
6.3. Reagents
- 6.4.1. MRI Contrast Regents
- 6.4.2. Nuclear Imaging
- 6.4.3. Ultrasound Contrast Regents
- 6.4.4. X-Ray/CT Contrast Reagents
6.4. Services
- 6.5.1. After-sales Services
- 6.5.2. Installation & Integration Services
6.5. Software & Solutions

7. Veterinary Imaging Market, by Animal Type

7.1. Introduction
7.2. Large Animals
7.3. Small Companion Animals

8. Veterinary Imaging Market, by Application

8.1. Introduction
8.2. Cardiology
8.3. Neurology
8.4. Oncology
8.5. Orthopedics & Traumatology

9. Veterinary Imaging Market, by End-user

9.1. Introduction
9.2. Academic Institutions
9.3. Veterinary Clinics & Diagnostic Centers

10. Americas Veterinary Imaging Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Veterinary Imaging Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Veterinary Imaging Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
  - 13.3.1.1. Mars Completes Acquisition of SYNLAB Vet, a European Provider of Specialist Veterinary Laboratory Diagnostics
  - 13.3.1.2. The IMV Technologies Group Acquires Veterinary Solutions
  - 13.3.1.3. Probo Medical Completes Acquisition of National Ultrasound
- 13.3.2. Agreement, Collaboration, & Partnership
  - 13.3.2.1. Probo Medical Partners with Mindray Animal
  - 13.3.2.2. Sound Technologies and GE HealthCare Announce Collaboration to Bring Vscan Air Handheld Ultrasound to Veterinary Practices Across the United States
  - 13.3.2.3. Multi Radiance Veterinary Partners with Digatherm Thermal Imaging as the Worldwide Exclusive Distributor of Leading-Edge Veterinary Thermography Products
- 13.3.3. New Product Launch & Enhancement
  - 13.3.3.1. Antech Launches First Comprehensive Veterinary Diagnostics Offering in the UK, Including a New State-Of-The-Art Reference Laboratory
  - 13.3.3.2. vTRON Delivers Detailed Diagnostic Imaging to Singapore's Bird Paradise
  - 13.3.3.3. Sunset Vet Launches First CT Scanner for Pets in Indonesia
  - 13.3.3.4. Hallmarq Launches World's First Veterinary-Specific, Zero-Helium Small Animal 1.5T MRI
- 13.3.4. Investment & Funding
  - 13.3.4.1. Bond Vet Receives USD 50 Million Funding Round to Further Expansion
- 13.3.5. Award, Recognition, & Expansion
  - 13.3.5.1. Luxvet Group Expands Into Romanian Veterinary Market
  - 13.3.5.2. Hallmarq Veterinary Imaging's New U.S. Facility Meets Rising Demand For Equine MRI And CT Systems
  - 13.3.5.3. Cutting-Edge Diagnostic Imaging Facility To Detect And Prevent Injuries In WA Horses

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Agfa-Gevaert Group
- 14.1.2. Antech Diagnostics, Inc.
- 14.1.3. BMV MEDTECH GROUP CO., LTD
- 14.1.4. Canon Inc.
- 14.1.5. Carestream Health, Inc.
- 14.1.6. CHISON Medical Technologies Co., Ltd.
- 14.1.7. Clarius Mobile Health Corp.
- 14.1.8. Covetrus, Inc.
- 14.1.9. Dentalaire, International
- 14.1.10. DRAMINSKI S. A.
- 14.1.11. E.I. Medical Imaging
- 14.1.12. Edan Instruments, Inc.
- 14.1.13. Esaote S.p.A
- 14.1.14. FUJIFILM Holdings Corporation
- 14.1.15. GE HealthCare Technologies Inc.
- 14.1.16. Hallmarq Veterinary Imaging Limited
- 14.1.17. Heska Corporation by Mars, Incorporated
- 14.1.18. IDEXX Laboratories, Inc.
- 14.1.19. IM3 Inc.
- 14.1.20. IMV Imaging (UK) Ltd.
- 14.1.21. Interson Corporation
- 14.1.22. Konica Minolta, Inc.
- 14.1.23. Leltek Inc.
- 14.1.24. Lepu Medical Technology(Beijing)Co.,Ltd.
- 14.1.25. MinXray, Inc.
- 14.1.26. Promed Technology Co., Ltd.
- 14.1.27. ReproScan
- 14.1.28. Samsung Electronics Co., Ltd.
- 14.1.29. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- 14.1.30. Siemens AG
- 14.1.31. SonoScape Medical Corp.
- 14.1.32. Xoran Technologies LLC
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing