Role Of Increased Meat And Dairy Demand In Driving Growth Of Veterinary Imaging Market Driver: A Major Catalyst in the Evolution of the Veterinary Imaging Market in 2025

Which drivers are expected to have the greatest impact on the over the veterinary imaging market's growth?
The surge in consumption of meat and dairy products is anticipated to boost the domain of veterinary imaging in the future. Meat and dairy products, including beef, pork, poultry, milk, cheese, yogurt, and more, are derived from animals. Veterinary imaging is integral to maintaining the health and vitality of livestock animals, which are utilized for meat and dairy production. As per the OECD-FAO Agricultural Outlook 2022-2031 documented by the Organization for Economic Co-operation and Development, a government agency based in France, it is predicted that global meat production will hit 377 million tons in 2023. Hence, the growing appetite for meat and dairy products is the driving force behind the veterinary imaging market.

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What is the future CAGR of the veterinary imaging market, and how will it impact industry expansion?
The market size for veterinary imaging has witnessed robust growth recently. Expected to rise from $1.87 billion in 2024 to $2.02 billion in 2025, it will reflect a compound annual growth rate (CAGR) of 7.8%. This growth during the historical period can be linked to factors such as the surge in pet ownership, advancements in veterinary treatment, the spread of veterinary diseases, the anthropomorphizing of pets, and the expansion of the companion animal industry.

In the upcoming years, robust expansion is anticipated in the veterinary imaging market. The market is projected to escalate to $2.74 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.0%. This growth during the forecast period is largely driven by factors such as heightened emphasis on preventative veterinary healthcare, advancements in specialty veterinary services, global proliferation of veterinary facilities, technological advancements in veterinary procedures, and increased awareness about zoonotic diseases. Key trends shaping the forecast period encompass tailor-made solutions for diverse animal species, the advent of 4d imaging technology, refinements in ultrasound technology, widespread adoption of digital radiography, and the use of veterinary imaging in research.

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What are the most significant trends transforming the veterinary imaging market today?
Leading entities in the veterinary market are introducing cutting-edge products like the zero-helium small animal 1.5T MRI, aimed at improving disease diagnosis in animals. The zero-helium small animal 1.5T MRI is a revolutionary device that utilizes a conduction-cooling system in a powerful vacuum, thereby making helium, a quench pipe, an oxygen monitor, a standard external chiller, or supplementary power unnecessary. For instance, in April 2023, Hallmarq Veterinary Imaging, a company based in the UK providing diagnostic imaging services, launched this innovative machine. This equipment is structured to enhance small animal patients' access to diagnostic care while decreasing the financial, environmental, and supply chain risks tied with conventional helium-based MRI systems. This is a forward leap from Hallmarq's earlier systems, amalgamating the tested efficiency of its prior machines with a more eco-friendly cooling approach.

Which key market segments comprise the veterinary imaging market and drive its revenue growth?
The veterinary imaging market covered in this report is segmented -

1) By Product: Veterinary Imaging Instruments, Veterinary Software, Veterinary Imaging Reagents
2) By Animal Type: Small Companion Animals, Large Animals
3) By Application: Orthopedics And Traumatology, Oncology, Cardiology, Neurology
4) By End-Use: Veterinary Clinics And Hospitals, Other End-Uses

Subsegments:
1) By Veterinary Imaging Instruments: X-Ray Machines, Ultrasound Machines, MRI Machines, CT Scanners, Endoscopes
2) By Veterinary Software: Imaging Software, Practice Management Software, Radiology Information Systems (RIS), Picture Archiving And Communication Systems (PACS)
3) By Veterinary Imaging Reagents: Contrast Agents, Radiopharmaceuticals, Ultrasound Contrast Agents

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What regions are at the forefront of veterinary imaging market expansion?
North America was the largest region in the veterinary imaging market in 2024. The regions covered in the veterinary imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the veterinary imaging market?
Major companies operating in the veterinary imaging market include Agfa-Gevaert N.V., Canon Inc., Carestream Health, Draminski S.A., E.I. Medical Imaging, Esaote S.P.A., Fujifilm Holdings Corporation, GE Healthcare, Heska Corporation, IDEXX Laboratories Inc., Konica Minolta Inc., MinXray Inc., Clarius Mobile Health, Shenzhen Ricso Technology Co. Ltd., ClearVet Digital Radiography Systems, Mindray Medical International Limited, Siemens Healthineers, Samsung Electronics Co. Ltd., IMV imaging, Epica Animal Health, Hallmarq Veterinary Imaging, Hitachi Ltd., NeuroLogica Corp., Oncovision, PerkinElmer Inc., Planmed Oy, Sedecal Veterinary, Shantou Institute of Ultrasonic Instruments Co. Ltd, Shimadzu Corporation, Sonoscape Medical Corp., Toshiba Medical Systems Corporation, Trixell, Varex Imaging Corporation, Vetel Diagnostics, VetRocket LLC, Vieworks Co. Ltd., Xoran Technologies LLC, Ziehm Imaging GmbH

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What Is Covered In The Veterinary Imaging Global Market Report?

• Market Size Forecast: Examine the veterinary imaging market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the veterinary imaging market for a structured understanding.
• Key Players Overview: Analyze major players in the veterinary imaging market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the veterinary imaging market.
• Segment Contributions: Evaluate how different segments drive overall growth in the veterinary imaging market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the veterinary imaging market.
• Industry Challenges: Identify potential risks and obstacles affecting the veterinary imaging market.
• Competitive Landscape: Review strategic developments in the veterinary imaging market, including expansions, agreements, and new product launches.

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