The global Veterinary Imaging Market size was USD 2.0 Billion in 2024 and is projected to reach USD 3.2 Billion by 2033. The market is expected to grow at a CAGR of 5.11% during the forecast period 2025–2033. Growth is driven by increasing pet ownership, rising prevalence of chronic and acute conditions, technological advancements, and the expanding number of veterinary hospitals.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

VETERINARY IMAGING MARKET KEY TAKEAWAYS

• Current Market Size: USD 2.0 Billion in 2024
• CAGR: 5.11% during 2025-2033
• Forecast Period: 2025-2033
• There is a considerable increase in the number of pet parents worldwide, along with rising expenditure on pet health and insurance, which propels market growth.
• Escalating incidence of orthopedic disorders in dogs positively influences the veterinary imaging market.
• Advancements in veterinary MRI technology and portable imaging instruments support market expansion.
• North America dominates the market, with increasing pet ownership and demand for advanced veterinary services.

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MARKET GROWTH FACTORS

The veterinary imaging market is primarily driven by the considerable increase in pet ownership globally. For instance, nearly 66% of U.S. households (86.9 million) owned a pet in 2024, up from 56% in 1988. This rising trend in pet insurance and expenditure on veterinary care encourages greater demand for diagnostic imaging services, supporting market growth.

The rising incidence of chronic diseases such as cancer, arthritis, and cardiac disorders in animals is fueling veterinary imaging demand. Approximately 8 million dogs suffer from heart disease, and osteoarthritis affects nearly 80% of dogs over eight years old. These conditions necessitate advanced imaging systems like X-rays, MRI, ultrasound, and CT scans for early and accurate diagnosis.

Expansion of well-equipped veterinary clinics and hospitals, especially in developed and developing regions, also drives market growth. For example, the opening of a small animal hospital by Tata Trusts in Mumbai in 2024, offering services including MRI, CT, and ultrasonography, demonstrates the increasing infrastructure supporting veterinary imaging market expansion.

MARKET SEGMENTATION

Product Type:

• Instrument: Instruments exhibit a clear dominance in the market, driven by rising pet healthcare investment and public awareness for early disease detection.
• Reagents: Not provided in source.
• Others: Not provided in source.

Animal Type:

• Small Companion Animals: Hold the majority of the global market share due to increased pet numbers and disease prevalence necessitating diagnostic imaging.
• Large Animals: Not provided in source.

Application:

• Orthopedics and Traumatology: Currently represents the largest market share, owing to the rise in orthopedic disorders and traumatic injuries in companion animals.
• Oncology: Not provided in source.
• Cardiology: Not provided in source.
• Neurology: Not provided in source.
• Others: Not provided in source.

End User:

• Hospitals and Clinics: Account for the majority of the total market share, fueled by growing pet ownership and demand for advanced diagnostic services.
• Reference Laboratories: Not provided in source.
• Others: Not provided in source.

Region:

• North America: Dominates the global market with high pet ownership, including the U.S. and Canada.
• Asia Pacific: Not provided in source.
• Europe: Not provided in source.
• Latin America: Not provided in source.
• Middle East and Africa: Not provided in source.

REGIONAL INSIGHTS

North America currently dominates the global veterinary imaging market. The region has experienced steady pet ownership growth—over 66% of U.S. households reported owning a pet in 2023, representing about 87 million homes. This rise fuels demand for advanced veterinary care and imaging services, with pet owners increasingly willing to spend on diagnostics for chronic and age-related diseases.

RECENT DEVELOPMENTS & NEWS

• July 2024: Virginia Equine Imaging acquired the Asto CT Equina® Standing CT Scanner, enhancing equine sports medicine diagnostics.
• May 2024: Esaote North America Inc. launched the MyLab™FOX, a new veterinary ultrasound technology.
• April 2024: MiREYE Imaging introduced AI-powered veterinary X-ray scanners in the U.S., improving diagnostic accuracy and efficiency.

KEY PLAYERS

• 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.
• Siemens Healthineers AG (Siemens AG)

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