Veterinary Imaging Equipment Market: Major Trends Reshaping the Future of the Industry

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How Large Will the Veterinary Imaging Equipment Market Size By 2025?
The market for veterinary imaging equipment has been experiencing substantial growth in the past few years, expanding from a value of $1.99 billion in 2024 to an anticipated value of $2.1 billion in 2025. This equates to a Compound Annual Growth Rate (CAGR) of 6.0%. This surge during the historic time frame is due to escalating pet ownership, an increase in veterinary illnesses, growth in veterinary services, a rise in expenditure on animal health, as well as heightened awareness and education.

How Big Is the Veterinary Imaging Equipment Market Size Expected to Grow by 2029?
There is an anticipation that the veterinary imaging equipment market will witness significant expansion in the forthcoming years. The market is predicted to escalate to a value of $2.76 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The projected growth during this period can be contributed to the increasing need for specialty veterinary services, telemedicine, and remote imaging, the expansion of global veterinary services, emphasis on preventive care, and the surge in veterinary imaging research. The upcoming trends that can be witnessed during the forecast period comprise technological advancements in imaging, a rising emphasis on point-of-care imaging, the incorporation of artificial intelligence (AI), specialized imaging for exotic creatures, telemedicine, and consultations involving remote imaging.

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Which Key Market Drivers Powering Veterinary Imaging Equipment Market Expansion and Growth?
The growing population of farm animals is predicted to increase the need for veterinary imaging equipment in the market. The escalation in the number of livestock and related illnesses is anticipated to propel the requirement for veterinary medical tools, such as veterinary imaging equipment, to detect and cure a plethora of animal diseases. For example, data from the Food and Agriculture Organization of the United Nations suggests the worldwide cattle population might rise to 2.6 billion by 2050, and the global goat and sheep count is expected to climb to 2.7 billion by the close of 2050. Hence, the expansion in the population of livestock is likely to stimulate the demand for veterinary imaging equipment in the upcoming years.

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Which Fast-Growing Trends Are Poised to Disrupt the Veterinary Imaging Equipment Market?
Major companies in the veterinary imaging equipment market are concentrating their efforts on the introduction of handheld or wireless devices for improved veterinary technologies. This is anticipated to be a leading trend in the veterinary imaging equipment market. For example, in September 2022, Planmed, a Finland-based company that designs and manufacturers imaging systems, unveiled the Planmed Verity VET. This is a high-resolution CT scanner designed specifically for veterinary 3D imaging. The standalone cone beam CT scanner has been developed specifically for animal imaging. The 3D pictures it provides offer incredibly detailed representations of the animal's skeletal structures, including teeth, skull, and extremities. The detailed volumetric images contribute to consistently precise diagnosis and treatment planning. The Verity VET scanner from Planmed is compact and portable, making 3D imaging conveniently accessible and bringing it closer to the patient.

What Are the Emerging Segments in the Veterinary Imaging Equipment Market?
The veterinary imaging equipment market covered in this report is segmented -

1) By Type: Radiography (X-Ray) System, Ultrasound Imaging System, Computed Tomography Imaging System, Video Endoscopy Imaging System, Magnetic Resonance Imaging System, Other Types
2) By Animal Type: Small Companion Animals, Large Animals, Other Animal Types
3) By Modality: Portable, Stationery
4) By Application: Orthopedics And Traumatology, Oncology, Cardiology, Neurology, Other Applications
5) By End User: Veterinary Hospitals, Veterinary Clinics, Academic And Research Organizations, Other End Users

Subsegments:
1) By Radiography (X-Ray) System: Digital X-Ray Systems, Portable X-Ray Systems, Analog X-Ray Systems
2) By Ultrasound Imaging System: 2D Ultrasound Systems, 3D/4D Ultrasound Systems, Doppler Ultrasound Systems
3) By Computed Tomography Imaging System: Standard CT Scanners, Cone Beam CT Scanners
4) By Video Endoscopy Imaging System: Rigid Endoscopes, Flexible Endoscopes, Video Bronchoscopy Systems
5) By Magnetic Resonance Imaging System: Open MRI Systems, Closed MRI Systems
6) By Other Types: Fluoroscopy Systems, Nuclear Medicine Imaging Systems, Thermography Systems

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Who Are the Global Leaders in the Veterinary Imaging Equipment Market?
Major companies operating in the veterinary imaging equipment market include Siemens AG, General Electric Healthcare, Canon Inc., Toshiba Corp., Fujifilm Holdings Corporation, Covetrus Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Mindray Medical International Limited, IDEXX Laboratories Inc., Agfa-Gevaert N.V., Carestream Health Inc., Midmark Corporation, Esaote S.P.A, Sedecal USA Inc., Chison Medical Imaging Co.Ltd., Digicare Biomedical Technology Inc., DRE Veterinary Inc., Vetland Medical Sales and Services LLC, Hallmarq Veterinary Imaging Ltd., MinXray Inc., Diagnostic Imaging Systems Inc., BCF Technology Ltd., Vetronic Services Ltd.


Which are the Top Profitable Regional Markets for the Veterinary Imaging Equipment Industry?
North America was the largest region in the veterinary imaging equipment market in 2024. Asia-Pacific was the second-largest region in the global veterinary imaging equipment market share. The regions covered in the veterinary imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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