Expanding Livestock Populations Fueling The Veterinary Imaging Equipment Market: Core Growth Enabler in the Veterinary Imaging Equipment Market, 2025

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What Will the Veterinary Imaging Equipment Industry Market Size Be by 2025?
In recent years, the market size for veterinary imaging equipment has seen significant growth. Projected expansion from $2.03 billion in 2024 to $2.16 billion in 2025 equates to a compound annual growth rate (CAGR) of 6.5%. This growth during the historic period can be linked to several factors such as an increase in pet ownership, the occurrence of veterinary diseases, the development of veterinary services, a surge in animal health expenditure, and an enhancement in awareness and education pertaining to animal health.

What's the Long-Term Growth Forecast for the Veterinary Imaging Equipment Market Size Through 2029?
Over the coming years, robust growth is anticipated in the veterinary imaging equipment market, which is expected to reach $2.77 billion in 2029, with a compound annual growth rate (CAGR) of 6.4%. The escalation during the forecast period is mainly due to the increased demand for specialized veterinary services, the proliferation of telemedicine and remote imaging, the global expansion of veterinary services, the concentration on preventive care, and the expansion of research in the field of veterinary imaging . Key trends during this period include improvements in imaging technologies, a heightened emphasis on point-of-care imaging, the application of artificial intelligence (AI), specialized imaging for exotic animal species, telemedicine, and consultations about remote imaging.

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What Are the Key Growth Drivers Fueling the Veterinary Imaging Equipment Market Expansion?
The anticipated growth in the livestock population is projected to stimulate the need for veterinary imaging equipment in the marketplace. The escalating population of livestock and their correlated diseases are anticipated to fuel the demand for veterinary medical tools, including imaging equipment, for diagnosing and treating various ailments in animals. For instance, the Food and Agriculture Organization of the United Nations forecasts that the worldwide cattle population will surge to 2.6 billion by 2050, and that the global count of goats and sheep should hit 2.7 billion by the same year. Thus, the expansion in livestock numbers is expected to provoke a rise in the demand for veterinary imaging equipment throughout the prediction period.

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What Are the Key Trends Driving Veterinary Imaging Equipment Market Growth?
Leading entities in the veterinary imaging equipment market are prioritizing the introduction of portable or wireless devices to introduce enhanced veterinary technologies-an anticipated dominant trend in the market. To illustrate this, in September 2022, Planmed-a Finland-based firm specializing in the design and production of imaging systems-unveiled the Planmed Verity VET. This standalone cone beam CT scanner, designed specifically for animal imaging, renders detailed 3D images of animals' anatomical structures, including the teeth, skull, and extremities. These high-resolution 3D visuals provide consistently precise diagnostics and treatment plans. The compact and portable nature of the Planmed Verity VET scanner delivers ready access to 3D imaging when required, directly to the patient's location.

How Is the Veterinary Imaging Equipment Market Segmented?
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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Which Companies Are Leading the Charge in Veterinary Imaging Equipment Market Innovation?
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 Regions Are Leading the Global Veterinary Imaging Equipment Market in Revenue?
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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