Global veterinary imaging market projected to reach $3.53 billion by 2032, driven by technological advancements and rising pet ownership
From GlobeNewswire: 2025-03-14 08:00:00
The global Veterinary Imaging Market was valued at USD 1.9 billion in 2023, with a projected CAGR of 7.14% from 2024 to 2032, reaching an estimated value of USD 3.53 billion. Factors driving growth include increasing zoonotic diseases, pet insurance use, and technological advancements in imaging modalities.
High-tech imaging devices like X-rays, ultrasounds, MRIs, and CT scans play a vital role in diagnosing and tracking medical conditions in animals, enhancing treatment outcomes. The integration of Artificial Intelligence (AI) in imaging devices has revolutionized veterinary diagnostics, enabling automated assessments and accurate interpretations, further expanding the market.
In 2023, small animals like dogs and cats accounted for 69.4% of the market, reflecting the rising pet ownership trend and emphasis on their health. Veterinary clinics and hospitals held a dominant 64.9% market share, offering advanced diagnostic procedures. North America led the market in 2023, while the Asia-Pacific region is expected to witness significant growth.
Recent developments in the veterinary imaging market include WOORIEN Co., Ltd. launching ‘MyVet CT Plus’, Antech introducing AI radiology solutions and early cancer detection tests, and Sunset Vet launching the first Veterinary Computed Tomography (CT) service in Indonesia, enhancing small animal imaging capabilities. Sunset Vet offers accurate diagnoses and customized treatment plans through high-resolution imaging technology. A new report on the Veterinary Imaging Market includes insights on disease prevalence, healthcare expenditure, technological advancements, pricing trends, and equipment lifespan. For more details and analysis, access the complete report at the provided link. SNS Insider is a leading market research agency providing valuable insights for decision-making in a changing market landscape.
Read more at GlobeNewswire: Global Veterinary Imaging Market Size to Hit USD 3.53