Rising Animal Populations Drive Growth In Veterinary Diagnostic Imaging: A Key Factor Shaping the Future of the Veterinary Diagnostic Imaging Market in 2025

What industry-specific factors are fueling the growth of the veterinary diagnostic imaging market?
The veterinary diagnostic imaging market is geared towards growth as animal populations see a surge. This increase can be attributed to factors such as heightened pet ownership, advancements in animal healthcare, and the escalating demand for livestock, all of which contribute to improved food safety, sustainable farming practices, and fortified bonds between humans and animals. Veterinary diagnostic imaging plays a pivotal role for these populations by facilitating accurate diagnoses, enhancing treatment results, and overseeing health statuses, thereby contributing to improved animal care and overall health. For example, data from the American Veterinary Medical Association, a non-profit organization based in the U.S, showed that in November 2024, the population of dogs in the U.S rose from 53.4 million in 2023 to 59.8 million in 2024. Hence, the rise in animal populations is a significant factor propelling the growth of the veterinary diagnostic imaging market.

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What Is the projected market size and growth rate for the veterinary diagnostic imaging market?
The market size for veterinary diagnostic imaging has experienced significant expansion in the past few years. It is projected to increase from $2.20 billion in 2024 to $2.37 billion in 2025, maintaining a compound annual growth rate (CAGR) of 8.0%. This growth during the historical period is a result of factors such as increased pet ownership, heightened awareness of animal healthcare, a surge in demand for pet insurance, an intensified focus on preventive healthcare, and an increase in veterinary practices.

The market for veterinary diagnostic imaging is projected to experience significant growth in the coming years, with an expected value of $3.19 billion in 2029 and a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this growth during the forecast period include the growing animal population, heightened awareness about animal health, the rise of telemedicine in veterinary services, increased livestock production, and a greater demand for improved diagnostic precision. The forecast period is also expected to witness key trends such as advancements in diagnostic technologies, swift innovation in imaging equipment technology, the application of artificial intelligence (AI) in veterinary diagnostics, the use of machine learning in diagnostic instruments, and progress in magnetic resonance imaging (MRI) systems.

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What new trends are reshaping the veterinary diagnostic imaging market and its opportunities?
In the veterinary diagnostic imaging industry, primary corporations are concentrating on creating innovative products like AI-enabled interpretations of veterinary X-rays. The goal is to enhance diagnostic precision, lessen the time taken for diagnoses, and better overall patient service in veterinary practices. AI-Powered Veterinary X-ray Interpretation employs machine learning and artificial intelligence technologies as an aid for veterinarians to scrutinize radiographic images (X-rays) of animals. Utilizing this technology accelerates decision-making, increases diagnostic accuracy, and lightens the load on veterinary professionals by automating abnormality detection and supplying exhaustive analyses. A notable example is SignalPET LLC, a company in the US that provides AI-oriented solutions for managing veterinary practices. In January 2024, the company introduced SignalSTAT, an AI-powered solution for interpreting veterinary X-rays which affords swift and precise evaluations, administered under expert guidance. It guarantees a 45-minute turnaround time, available 24/7. The integration of pioneering AI technology and human skill facilitates the speedy and accurate interpretation of veterinary X-rays. This blend ensures that pressing cases receive efficient evaluations, considerably curtailing the time needed for diagnosis. This technology utilizes machine-learning algorithms that are constantly evolving and enhancing as they are employed by veterinarians around the world.

What major market segments define the scope and growth of the veterinary diagnostic imaging market?
The veterinary diagnostic imaging market covered in this report is segmented -

1) By Product: Instrument, Reagent, Services, Veterinary PACS
2) By Animal Type: Small Animals, Large Animals
3) By Equipment: Radiography (X-ray) Systems, Ultrasound Imaging Systems, Computed Tomography Imaging Systems, Magnetic Resonance Imaging Systems, Video Endoscopy Imaging Systems, Other Equipments
4) By Application: Orthopaedics And Traumatology, Oncology, Cardiology
5) By End-User: Veterinary Hospitals, Academic And Research Institutes, Other End User

Subsegments:
1) By Instrument: X-ray Imaging Systems, Ultrasound Imaging Systems, MRI Systems, CT Scanners, Endoscopy Equipment
2) By Reagent: Contrast Agents (Ultrasound, MRI, CT), Blood Test Reagents, Biochemical Reagents
3) By Services: Diagnostic Imaging Services, Image Interpretation Services, Veterinary Imaging Consulting Services
4) By Veterinary PACS (Picture Archiving And Communication System): On-Premise PACS, Cloud-Based PACS

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Which region dominates the veterinary diagnostic imaging market?
North America was the largest region in the veterinary diagnostic imaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary diagnostic imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the veterinary diagnostic imaging industry growth?
Major companies operating in the veterinary diagnostic imaging market are Siemens Healthineers AG, General Electric Company, Fujifilm Holdings Corporation, Konica Minolta Inc, VCA Inc, Covetrus Inc., IDEXX Laboratories Inc., Shenzhen Mindray Bio-Medl Elctrnc Co Ltd, Agfa-Gevaert NV, Carestream Health Inc, CVS Limited, Esaote SPA, Canon Medical Systems Corporation, MXR Imaging Inc, Sound Technologies Inc, Heska Corporation, Universal Medical Systems, Inc., Clarius Mobile Health Corp., IMV Imaging, Epica Animal Health, Hallmarq Veterinary Imaging Ltd.

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What Is Covered In The Veterinary Diagnostic Imaging Global Market Report?

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

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