Press release
Veterinary MRI Scanning Equipment Market Key Players, Share and Forecast Outlook
Veterinary MRI Scanning Equipment Market to Hit USD 636.2 Million by 2034, Driven by Pet Humanization and Advanced Imaging in Animal DiagnosticsSnippet: With rising pet ownership, increasing prevalence of neurological and musculoskeletal disorders in animals, and growth in pet insurance, the veterinary MRI scanning equipment market is set to expand from USD 327.1 million in 2024 to USD 636.2 million by 2034, at a CAGR of 6.8%. Key players like Esaote, Hallmarq, Canon Medical, and GE Healthcare are investing in compact, high-field MRI solutions tailored for veterinary practices.
Introduction: Precision Imaging for Companion Animal Healthcare
The role of pets and livestock has evolved globally-from mere companions or economic assets to family members and vital production units. This shift has transformed veterinary medicine, especially diagnostic imaging. Veterinary MRI (Magnetic Resonance Imaging) systems now serve as a crucial tool in identifying complex neurological, orthopedic, and soft tissue issues in animals, much like in human healthcare.
Demand is accelerating due to rising pet humanization, increased veterinary surgeries, expanding specialty practices, and the need for non-invasive diagnostic accuracy. As technology advances and affordability improves, veterinary MRI scanning equipment is becoming essential infrastructure in modern animal hospitals and referral centers.
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Market Overview
Key Highlights:
• Market Size (2024): USD 327.1 million
• Forecasted Market Size (2034): USD 636.2 million
• CAGR (2024-2034): 6.8%
• Key Drivers: Pet ownership surge, rising pet insurance coverage, demand for precision imaging, veterinary service expansion
• Key Restraints: High equipment and maintenance cost, limited MRI-trained personnel in veterinary medicine
• Top Players: Esaote, Hallmarq Veterinary Imaging, GE Healthcare, Canon Medical, Siemens Healthineers
Segmentation Analysis
By Type
• Low-Field MRI Systems
• High-Field MRI Systems
By Animal Type
• Companion Animals (Dogs, Cats)
• Livestock (Horses, Cattle, Pigs, Others)
By Application
• Neurology
• Orthopedics
• Oncology
• Cardiology
• Abdominal Imaging
• Others
By End User
• Veterinary Hospitals
• Veterinary Clinics
• Research & Academic Institutes
Summary
High-field MRI systems dominate in specialty animal hospitals due to their superior resolution, particularly for neurological applications. Low-field MRIs, however, are preferred by smaller clinics due to lower costs and ease of use. Companion animals, especially dogs, make up the bulk of MRI procedures, followed by equine (horse) imaging in sports and performance animals. Most installations are in veterinary hospitals and referral centers, but usage is gradually expanding to private clinics and academic research institutions.
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Regional Analysis
North America
• Largest market globally, led by the United States
• High pet ownership (~70% of U.S. households), pet insurance penetration, and specialty veterinary services
• Growing adoption of high-field MRI systems in referral centers
Europe
• Strong veterinary infrastructure in Germany, UK, France, and Scandinavia
• Public and private veterinary hospitals investing in advanced diagnostic tools
• Rising equine care demand, especially in the UK and Ireland
Asia-Pacific
• Fastest-growing market (CAGR >8%)
• Expanding companion animal sector in China, India, Japan, and Australia
• Increased government and private investments in veterinary infrastructure
Latin America
• Steady growth with key markets in Brazil and Mexico
• Veterinary MRI adoption driven by growing middle-class pet ownership
Middle East & Africa
• Emerging demand in UAE, Saudi Arabia, and South Africa
• Adoption focused on equine and livestock diagnostics
Summary
North America leads the market, but Asia-Pacific presents the strongest growth potential due to economic expansion, growing awareness of animal health, and increasing investments in veterinary facilities. Globally, the rise in referral practices and animal specialty centers is accelerating MRI adoption.
Market Dynamics
Key Growth Drivers
• Rise in Pet Ownership and Humanization: Pet parents increasingly seek high-quality diagnostic care, especially for chronic or complex conditions.
• Advancement in Veterinary Neurosurgery and Orthopedics: MRI enables accurate diagnosis of brain tumors, disc herniation, ligament injuries, and joint pathologies.
• Growing Pet Insurance Coverage: Increased affordability of costly imaging procedures, especially in North America and Western Europe.
• Expanding Veterinary Referral Networks: Specialty centers equipped with advanced MRI systems are seeing growing caseloads and revenue.
• Non-Invasive, High-Resolution Imaging: MRI offers a safer diagnostic option without radiation exposure-ideal for detailed soft tissue imaging.
Key Challenges
• High Cost of Equipment and Operation: MRI systems cost upwards of USD 250,000-1 million, making them inaccessible for smaller clinics.
• Limited Veterinary MRI Technicians and Radiologists: Proper use and interpretation require specialized training, which is scarce in many regions.
• Long Scan Times and Anesthesia Risks: Animals require general anesthesia during MRI scans, which adds complexity and risk.
• Space and Infrastructure Requirements: MRI systems require shielding, cooling, and space-limiting their use in compact practices.
Market Trends
• Compact & Mobile MRI Systems: Manufacturers are developing space-saving, mobile MRI scanners suited for veterinary use in smaller clinics or mobile vans.
• Dedicated Veterinary MRI Platforms: Customized coils and software algorithms designed for different animal anatomies are being developed.
• AI-Assisted Image Interpretation: Machine learning tools are being integrated to aid in diagnostic efficiency and speed.
• Collaborative Imaging Networks: Cloud platforms allowing real-time sharing of MRI images with remote veterinary radiologists are gaining traction.
• Eco-Friendly Equipment: Energy-efficient magnets and lower-maintenance systems are being introduced to reduce operational costs.
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Competitive Landscape
Major Players:
• Esaote SpA
• Hallmarq Veterinary Imaging Ltd.
• GE Healthcare
• Canon Medical Systems Corporation
• Siemens Healthineers AG
• Time Medical Systems
• Hitachi Medical Systems
• MinFound Medical Systems Co., Ltd.
• Aspect Imaging
• Xingaoyi Medical Equipment Co., Ltd.
• Mediso Ltd.
• VetMRI Systems
• Universal Medical Systems, Inc.
• Shimadzu Corporation
• BPI Medical
Competitive Summary
Esaote and Hallmarq Veterinary Imaging lead the market with veterinary-dedicated MRI platforms, tailored coils, and compact high-field systems. GE Healthcare and Canon Medical provide powerful imaging capabilities adapted from human healthcare, while Time Medical and MinFound are pushing cost-effective MRI systems in Asia.
Companies are focusing on modular, AI-integrated, and software-enhanced imaging platforms, along with training partnerships with veterinary schools and clinics to drive adoption. Long-term service contracts and remote diagnostic support are emerging as competitive differentiators.
Conclusion: Imaging Innovation Meets Veterinary Precision
Veterinary MRI scanning equipment is no longer a luxury-it's fast becoming a standard diagnostic tool in advanced animal care. As neurological and orthopedic diseases in pets rise and expectations for premium care grow, MRI provides unmatched clarity and diagnostic confidence.
With the global market poised to reach USD 636.2 million by 2034, success will belong to companies that emphasize accessibility, software innovation, compact design, and veterinary-specific imaging solutions. The future of animal health is clearer than ever-thanks to MRI.
This report is also available in the following languages : Japanese (獣医用MRIスキャン装置), Korean (수의학 MRI 스캐닝 장비), Chinese (兽医MRI扫描设备), French (Équipement d'IRM vétérinaire), German (Veterinärmedizinische MRT-Scan-Geräte), and Italian (Apparecchiature per la risonanza magnetica veterinaria), etc.
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