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Veterinary Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global veterinary imaging market reached a value of US$ 1.66 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.43 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Veterinary imaging is a non-invasive means of identifying and monitoring diseases and injuries among animals. It relies on X-radiation (ray) imaging/radiography, ultrasonography, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear medicine imaging. It helps establish a standard database of normal anatomical, physiological, and functional parameters that can be used for clinical and research purposes. At present, there is a widespread prevalence of cardiovascular diseases (CVDs) among animals, which is catalyzing the demand for veterinary imaging across the globe.

 

 
 

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Veterinary Imaging Market Trends:

At present, there is a considerable increase in the number of pet parents around the world. This, in confluence with rising expenditures on pet health and insurance, represents one of the key factors propelling the growth of the market. Moreover, radiography represents one of the commonly used imaging procedures in veterinary practices as it assists in creating images of bones, foreign objects, and large body cavities and detecting fractures, tumors, injuries, infections, and deformities. This, coupled with the rising number of dogs with orthopedic disorders, is positively influencing the market. Additionally, livestock diseases lead to productivity losses, uncertain food security, loss of income, and negative impacts on human health. As a result, the demand for veterinary imaging is rising around the world. Apart from this, advancements in veterinary MRI technology are enabling the scanning of soft tissue structures before surgery. This, along with the rapid expansion of veterinary hospitals worldwide and the increasing development of portable and battery-powered imaging instruments for point-of-care services, is driving the market. Furthermore, the rising focus on one health approach, which recognizes that the health of humans, animals, and ecosystems are interconnected, is fueling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global veterinary imaging market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, animal type, application and end user.

Breakup by Product Type:

  • Instrument
  • Reagents
  • Others
     

Breakup by Animal Type:

  • Small Companion Animals
  • Large Animals
     

Breakup by Application:

 

 
 

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  • Orthopedics and Traumatology
  • Oncology
  • Cardiology
  • Neurology
  • Others
     

Breakup by End User:

  • Hospitals and Clinics
  • Reference Laboratories
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Agfa-Gevaert N.V. (IG Farben), Canon Inc., Carestream Health Inc., Draminski S.A., Esaote SpA, Fujifilm holdings corp., Hallmarq Veterinary Imaging, Heska Corporation, IDEXX Laboratories Inc., IMV Technologies Group, MinXray Inc. and Siemens Healthineers AG (Siemens AG).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Animal Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agfa-Gevaert N.V. (IG Farben), Canon Inc., Carestream Health Inc., Draminski S.A., Esaote SpA, Fujifilm holdings corp., Hallmarq Veterinary Imaging, Heska Corporation, IDEXX Laboratories Inc., IMV Technologies Group, MinXray Inc. and Siemens Healthineers AG (Siemens AG).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Veterinary Imaging Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Instrument
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Reagents
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Animal Type
    7.1    Small Companion Animals
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Large Animals
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Orthopedics and Traumatology
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Oncology
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Cardiology
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Neurology
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by End User 
    9.1    Hospitals and Clinics
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Reference Laboratories
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Others
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Agfa-Gevaert N.V. (IG Farben)
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Canon Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Carestream Health Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 SWOT Analysis
        15.3.4    Draminski S.A.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Esaote SpA
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Fujifilm holdings corp.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Hallmarq Veterinary Imaging
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Heska Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    IDEXX Laboratories Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    IMV Technologies Group
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    MinXray Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Siemens Healthineers AG (Siemens AG)
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Veterinary Imaging Market: Major Drivers and Challenges
Figure 2: Global: Veterinary Imaging Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Veterinary Imaging Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Veterinary Imaging Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Veterinary Imaging Market: Breakup by Animal Type (in %), 2021
Figure 6: Global: Veterinary Imaging Market: Breakup by Application (in %), 2021
Figure 7: Global: Veterinary Imaging Market: Breakup by End User (in %), 2021
Figure 8: Global: Veterinary Imaging Market: Breakup by Region (in %), 2021
Figure 9: Global: Veterinary Imaging (Instrument) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Veterinary Imaging (Instrument) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Veterinary Imaging (Reagents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Veterinary Imaging (Reagents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Veterinary Imaging (Other Modality Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Veterinary Imaging (Other Modality Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Veterinary Imaging (Small Companion Animals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Veterinary Imaging (Small Companion Animals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Veterinary Imaging (Large Animals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Veterinary Imaging (Large Animals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Veterinary Imaging (Orthopedics and Traumatology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Veterinary Imaging (Orthopedics and Traumatology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Veterinary Imaging (Oncology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Veterinary Imaging (Oncology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Veterinary Imaging (Cardiology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Veterinary Imaging (Cardiology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Veterinary Imaging (Neurology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Veterinary Imaging (Neurology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Veterinary Imaging (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Veterinary Imaging (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Veterinary Imaging (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Veterinary Imaging (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Veterinary Imaging (Reference Laboratories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Veterinary Imaging (Reference Laboratories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Veterinary Imaging (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Veterinary Imaging (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Veterinary Imaging Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Veterinary Imaging Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Veterinary Imaging Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Veterinary Imaging Industry: SWOT Analysis
Figure 85: Global: Veterinary Imaging Industry: Value Chain Analysis
Figure 86: Global: Veterinary Imaging Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Veterinary Imaging Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Veterinary Imaging Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Veterinary Imaging Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 4: Global: Veterinary Imaging Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Veterinary Imaging Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Veterinary Imaging Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Veterinary Imaging Market: Competitive Structure
Table 8: Global: Veterinary Imaging Market: Key Players

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Key Questions Answered in This Report

The global veterinary imaging market was valued at US$ 1.66 Billion in 2021.

We expect the global veterinary imaging market to exhibit a CAGR of 6.30% during 2022-2027.

The emerging trend of pet humanization, along with the growing adoption of veterinary imaging procedures for identifying and monitoring diseases and injuries, is primarily driving the global veterinary imaging market.

The sudden outbreak of the COVID-19 pandemic had led to implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous vet centers, thereby negatively impacting the overall demand for veterinary imaging solutions.

Based on the product type, the global veterinary imaging market has been divided into instrument, reagents, and others. Among these, instruments exhibit a clear dominance in the market.

Based on the animal type, the global veterinary imaging market can be categorized into small companion animals and large animals. Currently, small companion animals hold the majority of the global market share.

Based on the application, the global veterinary imaging market has been segmented into orthopedics and traumatology, oncology, cardiology, neurology, and others. Among these, orthopedics and traumatology segment currently represents the largest market share.

Based on the end user, the global veterinary imaging market can be bifurcated into hospitals and clinics, reference laboratories, and others. Currently, hospitals and clinics account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global veterinary imaging market include Agfa-Gevaert N.V. (IG Farben), Canon Inc., Carestream Health Inc., Draminski S.A., Esaote SpA, Fujifilm holdings corp., Hallmarq Veterinary Imaging, Heska Corporation, IDEXX Laboratories Inc., IMV Technologies Group, MinXray Inc., and Siemens Healthineers AG (Siemens AG).

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