Veterinary MRI Systems Market to reach US$ 193.0 Million by the end of 2031: Transparency Market Research, Inc.

The global 𝐯𝐞𝐭𝐞𝐫𝐢𝐧𝐚𝐫𝐲 𝐌𝐑𝐈 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 was valued at US$ 106.6 million in 2022 and is projected to grow at a CAGR of 6.6% from 2023 to 2031, reaching over US$ 193.0 million by 2031.

Analysts observe significant growth in the veterinary MRI systems industry, driven by various factors. Increased R&D spending in the pharmaceutical sector contributes to market expansion. Additionally, the adoption of advanced technologies in healthcare presents lucrative opportunities for growth.

Manufacturers' focus on integrating cutting-edge MRI solutions into veterinary practices further accelerates market growth. The future outlook for the veterinary MRI systems market appears promising, buoyed by ongoing R&D efforts, technological advancements, and exploration of emerging markets.

𝐑𝐞𝐜𝐞𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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The symbiotic relationship between investments in the pharmaceutical industry and the evolution of veterinary MRI systems technology positions the market for sustained growth, fostering innovation and strategic advancements.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Veterinary practices are embracing advanced imaging tools for enhanced diagnosis and treatment planning. Multimodal imaging devices are increasingly adopted, improving accuracy across animal species.

Clinics catering to small animals are investing in cutting-edge imaging equipment, integrating digital imaging and AI for precise diagnostics.

With growing pet ownership trends, the veterinary MRI systems market sees a rise in procedures. Future prospects remain bright, driven by technological advancements and expanding global opportunities.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬:

Esaote SpA, Hallmarq Veterinary Imaging, Mediso Medical Imaging Systems, and Shenzhen Anke High-tech Co., Ltd.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Animal Type

Small Animals
Large Animals

Application

Oncology
Orthopedics
Neurology
Cardiology
Others

End-user

Veterinary Clinics
Veterinary Hospitals
Veterinary Institutes & Research Centers

𝐒𝐦𝐚𝐥𝐥 𝐀𝐧𝐢𝐦𝐚𝐥𝐬 𝐆𝐚𝐢𝐧𝐢𝐧𝐠 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧

The veterinary MRI systems market is segmented by animal type, including small animals and large animals, with the small animals segment dominating the global market share in 2022.

This segment comprises imaging technologies tailored for pets, such as dogs, cats, and other smaller animals, driven by the increasing pet ownership and emphasis on their well-being. The demand for advanced imaging solutions in veterinary care is rising, leading to heightened adoption of MRI tailored for small animals.

These technologies facilitate early ailment detection, aiding in the development of more effective treatment plans. The small animals segment, witnessing a surge in veterinary MRI procedures for companion animals, offers sustained growth opportunities for market players to address the evolving needs of pet healthcare.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

According to the latest forecast for the veterinary MRI systems market, North America, led by the United States in 2022, holds the dominant position.

The United States boasts a robust veterinary healthcare infrastructure, a high level of awareness about advanced diagnostic technologies, and a substantial culture of pet ownership. These factors contribute to the country's leading position in the region.

The U.S. is characterized by its progressive approach to animal healthcare and a growing demand for advanced diagnostic procedures, which drive market growth. Additionally, the presence of major industry players, ongoing technological advancements, and strategic investments in veterinary MRI systems further solidify the U.S.'s leadership within the North American market.

The dominance of North America, particularly the U.S., underscores its significant influence on the global veterinary MRI systems market trajectory. It is anticipated to continue spearheading advancements and growth in the foreseeable future.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

On May 31, 2023, Mediso Medical Imaging Systems installed a state-of-the-art 7T MRI at the University of Milano-Bicocca. The nanoScan® MRI 7T is equipped with an advanced cryogen-free superconducting magnet. The pulse tube cryocooler is mounted at the back of the scanner to minimize vibrations, thus delivering ghost-free images. The ultra-high magnetic field of 7T along with the robust low-noise gradients enables high-end in-vivo applications such as DTI or MR Spectroscopy with excellent SNR. The recovery time of the magnet is very fast even after day-long maintenance or service intervals due to the patented SmartMagnet™ technology.

On January 11, 2023, Esaote North America, Inc. announced the launch of the Magnifico™ Vet MRI system, a new imaging solution uniquely suited to provide diagnostic efficacy in a variety of veterinary hospitals.
In 2022, Hallmarq launched the world's first zero-helium 1.5T small animal veterinary MRI machine to address the growing problem of helium scarcity.

𝐆𝐫𝐚𝐛 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=11891<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers:

Growing pet adoption rates
Technological advancements in veterinary imaging
Rising prevalence of chronic diseases in animals

Challenges:

High cost associated with MRI systems
Limited availability of skilled veterinary professionals

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of portable and compact MRI systems
Integration of artificial intelligence in veterinary imaging
Collaboration between veterinary clinics and imaging centers

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐎𝐫𝐚𝐥 𝐂𝐚𝐫𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/15/2608354/0/en/Oral-Care-Products-Market-Estimated-to-Grow-at-a-CAGR-Of-6-5-from-2022-to-2031-as-per-TMR-Report.html

𝐕𝐢𝐛𝐫𝐚𝐭𝐢𝐧𝐠 𝐌𝐞𝐬𝐡 𝐍𝐞𝐛𝐮𝐥𝐢𝐳𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/16/2609777/0/en/Vibrating-Mesh-Nebulizer-Market-to-Grow-at-a-CAGR-of-9-2-during-the-Forecast-Period-2022-Transparency-Market-Research-Inc.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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