Veterinary Diagnostic Imaging Market, By Equipment (Radiography (X-ray) Systems, Ultrasound Imaging Systems, Computed Tomography Imaging Systems, Magnetic Resonance Imaging Systems, Video Endoscopy Imaging Systems, and Other Equipment), By Application (Cardiology, Oncology, Neurology, Orthopedics, and Other Applications), By Animal Type (Small Animals and Large Animals), and By Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa)

Published In : Mar 2023

Code : CMI5585

Pages :170

Formats :

Excel and PDF

Industry : Medical Imaging

Veterinary Diagnostic Imaging MarketSize and Trends

The global veterinary diagnostic imaging market was valued at US$ 900.4 Mn in 2022 and is forecast to reach a value of US$ 1578.6 Mn by 2030 at a CAGR of 7.32% between 2023 and 2030. The global veterinary diagnostic imaging market is experiencing strong growth due to the rise in burden of zoonotic/chronic diseases and rise in companion animal population around the world. Moreover, rise in demand for veterinary diagnostics and rise in animal health expenditure is expected to boost growth of the market. However, factors such as high cost of veterinary diagnostic imaging devices and lack of skilled or trained personnel or lack of veterinarians are expected to hamper growth of the global veterinary diagnostic imaging market.

Global Veterinary Diagnostic Imaging Market Trends:

Increasing demand for veterinary services is a recent trend

Owing to the increasing focus on veterinary healthcare, the demand for veterinary services is also increasing around the world. For instance, veterinary imaging devices are easy to use and provide veterinarians with the information they need to make quick decisions and diagnose animals faster compared to other devices. In February 2021, DCC (Dogs, Cats, & Companions) Animal Hospital launched multi-speciality animal hospitals in India to offer cutting-edge medical technologies for animals. This trend is expected to continue over the forecast period.

Technological advancements is another trend

Advancements in the field of veterinary healthcare is expected to flourish the veterinary diagnostic imaging market during the forecast period owing to respective benefits. Artificial intelligence (AI), virtual reality, 3D imaging, and wearable medical imaging devices are few of the technologies that are expected to pave the way for future advancements in the field of veterinary diagnostic imaging around the world. This trend is also expected to continue during the forecast period.