Veterinary CT Scanner Market

The global market value of the veterinary CT scanner market was estimated to be USD 145.5 million in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. The increasing trend of pet ownership due to the rising pet population and increasing disposable income is driving growth in the market. The market is witnessing significant growth due to rising awareness of animal health and rising animal healthcare expenditure all over the world.
Advancement in imaging technology is fueling the market growth significantly.

Ultrasound, X-ray, CT scan, and MRI are increasingly in demand. Technological advancements in the medical field are also responsible for the significant growth in the market. Increasing tendency among pet owners of early disease detection and treatment is a key factor behind the market growth.

Growth Drivers

Integration of AI algorithms for image interpretation and cloud-based platforms for diagnostics boosts scanner efficiency and accuracy. Focus is shifting from treatment to early detection and monitoring, which increases the use of diagnostic imaging tools like scanners. Increasing demand for private veterinary practices and specialty clinics in urban areas is driving growth in the market.

 Rising awareness of animal health and zoonotic diseases is fueling the growth in the market. Development of portable, handheld, and wireless scanners makes diagnostics more accessible and affordable. Growing demand to ensure animal health in the dairy, poultry, and meat industries is driving growth in the market significantly. Increasing demand to spend more on preventive healthcare and imaging services is driving the demand in the market significantly.

Rising animal healthcare expenditure in all over the world is driving demand in the market significantly. Ultrasound is significantly popular in the market due to its efficacy, and affordability.

Segmentation

Product Outlook (Revenue, USD Million; 2018 - 2030)

·         X-ray

·         Ultrasound

·         MRI

·         CT Imaging

Video Endoscopy Solutions Outlook (Revenue, USD Million; 2018 - 2030)

·         Equipment

·         Accessories/ Consumables

·         PACS

Animal Type Outlook (Revenue, USD Million; 2018 - 2030)

·         Small Animals

·         Large Animals

Application Outlook (Revenue, USD Million; 2018 - 2030)

·         Orthopedics and Traumatology

·         Oncology

·         Cardiology

·         Neurology

·         Respiratory

·         Dental Application

·         Other

End-use Outlook (Revenue, USD Million; 2018 - 2030)

·         Veterinary Hospitals & Clinics

·         Other End-use

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

The Veterinary Scanner Market by Product Segmentation

On the basis of the products, the veterinary scanner market is segmented into X-ray, ultrasound, MRI, and CT imaging. Ultrasound imaging is the leading segment due to its non-invasive nature and portable device systems, which are handy for both large and small kind of animals. Ultrasound systems are much cheaper in comparison to MRI and CT scan systems. Ultrasound systems are easily installed and available all over the world. It is used for pregnancy checks in livestock to internal organ imaging in pets.

X-ray is also another leading segment, which is expected to dominate during the forecast period in order to clearly obtain the skeletal imaging and better diagnosis.

 Increasing demand for X-rays in diagnosing bone fractures, dental issues, and abdominal issues. It is cheaper to diagnose in comparison to ultrasound and MRI, and the fast results of X-rays make it even more widely used.

MRI is a niche but growing segment. MRI is basically used for neurological, musculoskeletal, and spinal cord imaging.

Regional Outlook

On the basis of the regions, the veterinary CT scanner market is segmented into 5 regions: Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. North America is the leading region due to high pet ownership. The U.S. and Canada have large commercial livestock and dairy operations, needing routine scanning for reproduction and disease detection. Widespread availability of state-of-the-art veterinary clinics and hospitals is fueling the market growth. High penetration of portable ultrasound and digital imaging systems. Pet owners in North America spend significantly more per animal than in most other regions.

Willingness to pay for premium diagnostic services is a key factor behind the market growth. Many leading companies and R&D hubs are based in the U.S., pushing innovation in scanner technology. High equipment cost is hindering the market growth.

Asia-Pacific is the leading segment in the market and is expected to dominate during the forecast period due to rising disposable income and increasing urbanization. Government investment in the region is the key factor behind the growth in the market. China, India, and Japan are witnessing significant growth due to rising disposable income and rising demand for meat, dairy, and poultry in the region. Urbanization and rising income levels are the key factors behind the growth. Significant investment by the government in disease prevention and control is driving the demand in the market. Rising awareness among the pet and livestock owners about early diagnosis and welfare is a key factor behind the significant growth in the market. Australia is a leading market due to advanced livestock management and a strong pet diagnostics market. High-tech adoption and an aging pet population are driving the demand in the South Korean market. Presence of key players in the region is fueling the market growth significantly.

The European market is witnessing significant growth due to technological advancements in countries like Germany, France, Italy, and the United Kingdom. The development of AI-driven MRI and portable ultrasound devices is driving the demand in the market significantly. There is a significant trend of integrating advanced imaging systems with predictive diagnostics and seamless data integration, enhancing the efficacy of veterinary practices. The trend of pet adoption is significantly increasing, and increasing awareness of animal health is a major contributor to the market expansion in Latin American countries. Brazil is the largest market due to the increasing number of pets with a growing population and robust veterinary infrastructure, followed by Argentina and Mexico.

Middle East and Africa market is significantly witnessing growth due to rising pet ownership in countries like Saudi Arabia, United Arab Emirates, and Egypt.

Key Players

·         IDEXX Laboratories, Inc.

·         ESAOTE SPA

·         Mars, Inc.

·         GE HealthCare

·         Midmark Corporation

·         FUJIFILM Holdings America Corporation

·         Hallmarq Veterinary Imaging

·         Canon Medical Systems Corporation

·         Shenzhen Mindray Animal Medical Technology Co., Ltd.

·         IMV Imaging

·         Other Players