Global Veterinary Imaging Market Outlook 2031: Rising to USD 3.6 Billion by 2031 Driven by Advanced Technologies, Increasing Pet Care, and Strong R&D Investments

The global veterinary imaging market, valued at US$ 2.0 Bn in 2022, is undergoing a significant transformation driven by growing demand for high-quality animal healthcare, rapid technological evolution, and an expanding companion animal population worldwide. According to market projections, the industry is set to grow at a CAGR of 6.9% from 2023 to 2031, ultimately exceeding US$ 3.6 Bn by the end of 2031. This robust growth trajectory reflects the dynamic interplay of rising disease prevalence, increasing adoption of advanced imaging modalities, and heightened emphasis on early diagnosis and preventive veterinary care.

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Analysts' Viewpoint: Technology Integration and R&D Investments Driving Market Momentum

Analysts highlight that the upward trajectory of the veterinary imaging market is primarily supported by increased R&D expenditure within the pharmaceutical and biotechnology sectors. These investments contribute to the development of cutting-edge diagnostic tools tailored for the veterinary domain. Furthermore, advancements such as multimodal imaging devices, AI-powered diagnostic solutions, digital imaging systems, and wireless ultrasound tools are reshaping animal healthcare practices, offering greater accuracy, efficiency, and convenience.

Manufacturers are actively developing and integrating new-generation systems into veterinary clinics and hospitals, enabling faster results and more comprehensive diagnostic capabilities. The synergy between rapid technological innovation and the expanding global focus on pet health strengthens the foundation for sustained market expansion. The growing relevance of veterinary imaging in areas such as oncology, orthopedics, and neurology underscores its essential role in modern veterinary medicine.

Market Introduction: Rising Adoption of Advanced Imaging Solutions in Veterinary Practices

Veterinary clinics, hospitals, and research institutes across the world are embracing sophisticated imaging systems to improve diagnostic precision. Technologies such as digital radiography, ultrasound imaging, MRI, CT scans, and endoscopy are now widely utilized for comprehensive evaluations of both small and large animals.

The shift toward digital and AI-enabled imaging platforms is allowing veterinarians to visualize deeper anatomical insights and establish accurate treatment plans. This trend is further supported by surging pet ownership and increased awareness among pet parents regarding the importance of early diagnosis, preventive care, and timely interventions. As a result, imaging procedures are becoming more frequent in veterinary practices, boosting the demand for high-performance equipment and software.

Rise in Veterinary Diseases Fueling Market Demand

The increasing prevalence of veterinary diseases-ranging from chronic conditions such as cancer and cardiovascular issues to acute disorders involving fractures and infections-is significantly accelerating the need for advanced imaging. Frequent disease outbreaks, especially among livestock, intensify economic burden on countries dependent on animal husbandry, emphasizing the importance of early diagnosis.

The notable rise in orthopedic and musculoskeletal conditions among pets highlights the necessity for precise imaging tools. For instance, cases of osteoarthritis have surged by 66% in dogs and 150% in cats, driving veterinarians to rely increasingly on modalities such as radiography, CT, and MRI for accurate assessment. This growing disease burden underscores the critical role of veterinary imaging as an indispensable component of modern animal healthcare.

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High Demand for Imaging Equipment Supporting Market Growth

Equipment forms the backbone of the veterinary imaging industry, accounting for a substantial portion of the market share. X-rays, ultrasound machines, MRI scanners, and CT systems remain central to diagnostic procedures, with technological advancements enhancing their portability, resolution, and affordability.

The availability of diverse price ranges and customizable configurations allows veterinary professionals to select systems that best meet their practice needs. Portable digital X-ray units, hand-held ultrasounds, and compact CT scanners are gaining traction, particularly among small and mid-sized veterinary clinics seeking cost-effective diagnostic solutions without compromising on performance.

Small Animals Segment Dominates Due to Growing Pet Ownership

The small animals segment emerged as the largest revenue contributor in 2022, supported by the increasing number of households adopting pets such as dogs, cats, rabbits, and exotic animals. With pet owners becoming progressively devoted to the well-being of their companions, the demand for specialized imaging services has surged.

Small-animal imaging solutions are designed to address conditions ranging from soft tissue injuries to neurological disorders. These tools enable early diagnosis, resulting in effective treatment regimens and improved outcomes. As global pet ownership continues to climb, this segment is expected to maintain its dominant position through 2031.

Orthopedics Application Expected to Lead the Market Through 2031

Among the various applications, orthopedics is projected to hold the largest market share throughout the forecast period. Animals frequently suffer from joint problems, fractures, ligament injuries, and age-related degenerative conditions, all of which require in-depth imaging assessments.

Radiography and CT remain the primary methods for bone evaluation, while MRI plays a vital role in diagnosing soft tissue injuries and spinal conditions. Market players are increasingly introducing specialized orthopedic imaging systems with enhanced resolution and ergonomic designs to facilitate improved diagnostics.

North America Maintains Dominance with Strong Veterinary Infrastructure

North America, led by the United States, continues to command a significant share of the global veterinary imaging market. The region benefits from:

A well-established veterinary healthcare network
Strong awareness regarding advanced diagnostic technologies
High disposable income among pet owners
Presence of leading manufacturers and technology pioneers
Accelerated adoption of AI- and IoT-integrated imaging systems

Strategic investments in research, continuous product innovations, and widespread availability of skilled veterinary professionals further reinforce the region's leadership.

Competitive Landscape: Innovation and Collaborations at the Forefront

The global veterinary imaging market is moderately consolidated, with leading companies focusing on expanding their product portfolios, forging partnerships, and investing in R&D. Major players include GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Medtronic Plc, Samsung, 3M, Johnson & Johnson, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and others.

Notable developments include GE HealthCare's 2023 distribution partnership with Sound Technologies to offer the advanced Vscan Air wireless ultrasound for U.S. veterinary practices. Similarly, OmniVision's launch of its OH02B 2MP CMOS image sensor has expanded the availability of high-resolution imaging components for veterinary endoscopes and related devices.

Conclusion: A Future Driven by Technology, Precision, and Preventive Care

The global veterinary imaging market is poised for steady and dynamic growth, surpassing US$ 3.6 Bn by 2031, driven by rising disease prevalence, expanding pet ownership, and significant technological advancements. The integration of AI, advanced imaging reagents, and sophisticated software platforms will further elevate diagnostic capabilities, empowering veterinarians worldwide to deliver faster, more accurate, and more effective care. As innovation accelerates and veterinary healthcare continues to evolve, the industry stands ready to unlock new opportunities across regions, applications, and emerging markets.

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