Veterinary MRI Systems Market Outlook 2031: Rising Demand for Advanced Diagnostic Imaging Set to Propel Market Value from USD 106.6 Million in 2022 to Over USD 193.0 Million by 2031

The global veterinary MRI systems market is entering a transformative growth phase, supported by increased investment in advanced diagnostics, rising incidence of animal diseases, and growing awareness among pet owners regarding high-quality veterinary care. According to recent market assessments, the global veterinary MRI systems industry was valued at US$ 106.6 Mn in 2022. The market is projected to expand at a CAGR of 6.6% from 2023 to 2031, and is expected to surpass US$ 193.0 Mn by the end of 2031, making advanced imaging a cornerstone of next-generation animal healthcare.

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Analysts' Viewpoint: Strategic Investments, R&D, and Technology Evolution Driving Long-Term Growth

Analysts affirm that the veterinary MRI systems market is witnessing steady expansion due to a combination of technological innovation and rising healthcare expenditure in veterinary services. Increasing R&D spending in the pharmaceutical and biomedical sectors is significantly influencing market development, as MRI plays a vital role in drug trials and disease assessment in animal models.

Manufacturers are prioritizing the integration of cutting-edge solutions tailored specifically for veterinary use. These include high-field MRI systems, cryogen-free designs, and advanced imaging software, enabling superior diagnostic accuracy. The synergy between R&D initiatives and evolving MRI technologies is expected to fuel long-term market opportunities, especially in emerging economies where veterinary health infrastructure is rapidly strengthening.

Market Introduction: Growing Adoption of Multimodal Imaging in Veterinary Clinics

Veterinary hospitals and clinics are increasingly investing in advanced imaging modalities to improve diagnostic outcomes. MRI, long considered the gold standard for soft tissue visualization, has become indispensable for detecting and managing complex conditions in animals.

Small animal practices, particularly those catering to dogs and cats, are at the forefront of this trend. The rise in companion animal ownership globally is creating a surge in demand for high-resolution imaging capabilities. MRI machines designed specifically for smaller animals are gaining traction due to their targeted diagnostic capabilities and space-efficient designs.

Additionally, the integration of AI-enhanced imaging is revolutionizing the interpretation of MRI scans, helping veterinarians achieve faster and more accurate results.

Increasing Prevalence of Veterinary Diseases Fueling Market Expansion

One of the strongest drivers of the veterinary MRI systems market is the rising prevalence of complex veterinary diseases requiring advanced diagnostic tools. Animal disorders such as cancer, neurological degeneration, orthopedic injuries, and cardiovascular abnormalities are becoming more common, leading veterinarians to rely on MRI for early and accurate diagnosis.

The surge in orthopedic and neurological conditions among pets is particularly notable. Reports indicate a 66% increase in osteoarthritis cases in dogs and an extraordinary 150% rise in cats, underscoring the urgent need for sophisticated imaging solutions. MRI provides unparalleled visualization of soft tissues, spinal structures, joints, and neural pathways, making it essential for diagnosis and treatment planning.

Livestock-dependent economies are also recognizing the value of MRI as a preventive tool to minimize mass disease outbreaks that could impact economic stability. As awareness spreads, more regions are integrating MRI systems into veterinary disease control strategies.

Small Animals Segment Continues to Dominate the Market

Based on animal type, the small animals segment accounted for the largest share of the global market in 2022. The rapid rise in the global pet population, growing emotional attachment to companion animals, and higher spending on pet healthcare are driving increased adoption of MRI for dogs, cats, and exotic pets.

Small animal MRI systems are specifically engineered to offer detailed imaging in compact formats, making them ideal for veterinary clinics and specialty hospitals. As early detection becomes critical for improving patient outcomes, demand for MRI procedures is expected to rise substantially in the coming decade.

Neurology Segment to Lead Applications Through 2031

Among applications, the neurology segment is projected to dominate the market during the forecast period. Neurological disorders-including brain tumors, seizures, spinal cord injuries, intervertebral disc disease (IVDD), and nerve disorders-require precise and non-invasive diagnostic methods. MRI is the preferred modality due to its exceptional ability to capture detailed images of the central and peripheral nervous systems.

Manufacturers are increasingly developing MRI systems tailored for advanced neurological imaging, providing higher field strengths, optimized coils, and enhanced imaging algorithms. As veterinary neurology becomes more specialized, this segment is expected to contribute significantly to total market revenue.

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Regional Outlook: North America Leads Global Adoption

North America remains at the forefront of veterinary MRI system adoption, with the United States dominating the regional market in 2022. Several factors contribute to this leadership:

A highly developed veterinary healthcare infrastructure
High pet ownership rates
Broad awareness of advanced diagnostic technologies
Presence of leading MRI manufacturers and imaging innovators

The U.S. continues to invest heavily in veterinary research and clinical imaging solutions, ensuring sustained dominance through 2031. Europe follows closely, with robust pet healthcare spending and strong support for veterinary diagnostic research. Meanwhile, Asia Pacific is emerging as a high-growth region due to rising incomes, expanding pet care markets, and the modernization of veterinary hospitals.

Competitive Landscape and Key Developments

The global market is moderately consolidated, with a few major players shaping innovation and adoption trends. Companies are focusing on product expansion, partnerships, and breakthrough technologies that prioritize performance, affordability, and energy efficiency.

Prominent players include:

Esaote SpA
Hallmarq Veterinary Imaging
Mediso Medical Imaging Systems
Shenzhen Anke High-tech Co., Ltd.

Recent industry developments showcase significant technological progress:

May 2023: Mediso installed a state-of-the-art nanoScan® 7T MRI featuring cryogen-free superconducting magnet technology.
January 2023: Esaote North America launched the MagnificoTM Vet MRI system, offering superior diagnostic efficacy for veterinary hospitals.
2022: Hallmarq unveiled the world's first zero-helium 1.5T MRI for small animals, addressing global helium shortages and lowering operating costs.
These innovations illustrate the industry's rapid advancement toward sustainable, high-performance veterinary MRI solutions.

Conclusion: A Promising Future Anchored in Innovation and Rising Pet Healthcare Spending

The veterinary MRI systems market is on a clear upward trajectory, driven by technological advancements, the expanding scope of veterinary diagnostics, and increasing global emphasis on animal welfare. With the market expected to surpass US$ 193.0 Mn by 2031, the coming decade will witness widespread adoption of MRI technologies across small animal practices, specialty hospitals, and research centers.

As companion animal ownership continues to rise and diseases become more complex, MRI will remain a central pillar of veterinary diagnostics-offering manufacturers and healthcare providers vast opportunities for growth, innovation, and improved clinical outcomes.

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