The global veterinary diagnostic imaging systems market size was valued at USD 2.24 billion in 2021 and is poised to grow at a significant CAGR of 6.6% during the forecast period 2022-28. Veterinary imaging is a specialty of medicine that specializes in obtaining medical images of animals in order to diagnose disease. To diagnosis diseases in companion animals, large animals, farm animals, and others, imaging methods including such radiography, X-ray, ultrasound imaging, MRI, CT imaging, endoscopic imaging, and others are utilized. The veterinary imaging market is expected to grow significantly over the forecast period, owing to an increase in pet adoption, technological advances in veterinary imaging systems, a rise in the number of veterinary hospitals with the increase in veterinary professionals, and an increase in expenditure on animal health.
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The global veterinary diagnostic imaging systems market segmentation:
1) By Product: MRI, Ultrasound, PET, Magnetic Particle Imaging, SPECT, CT, Photoacoustic Imaging, Optical Imaging, Others
2) By Application: Orthopedic, Cardiac, Oncology, Gynecology, Others.
3) By Animals: Small animals, Large animals, and Others
4) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, and Others.
In 2020, the worldwide veterinary diagnostic imaging market was very strong, and it is predicted to grow at a stable rate over the forecast period. Rising need for veterinary diagnostics, which are mostly used for disease diagnosis, growing urbanization, rising demand for pet humanization, as well as rising disposable income are all factors driving market revenue growth. Demand for these systems is predicted to rise in response to rising pet adoption and an increase in the number of veterinarians around the world. The veterinary imaging market is predicted to rise as a result of factors such as rising livestock populations, rising demand for meat and dairy products, rising pet adoption, and more knowledge among pet owners about better treatment options for their pets. Veterinary imaging equipment is expensive, and the majority of veterinary practices are small or mid-sized, with tight budgets. Another impediment to veterinarians using veterinary imaging equipment is the lack of remuneration for veterinary surgeries.
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Owing to the increased adoption of companion animals in this region, North America dominates the veterinary imaging market. Furthermore, rising animal health expenditures and the importance of livestock animals, as well as an emerging need for protein-rich animal food, would boost the market's growth rate in this region.
The veterinary diagnostic imaging systems market key players are IDEXX Laboratories, Inc. (U.S.) CHISON (China) BCF Technology (Scotland) ECM Echo ontrol Medical (France) Promed Group Co., Ltd (China) SIUI (China) Clarius (Canada) Shenzhen Ricso Technology Co., Ltd (China) E-soat SpA
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