According to a new report, published by KBV research, The Global Veterinary Imaging Market size is expected to reach $3.1 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period.
The Small Animals segment is registering a strong potential in the Global Veterinary Imaging Market by Animal Type in 2022 thereby, achieving a market value of $2 billion by 2030. The demand for veterinary services and healthcare products for small companion animals has increased. This includes preventive care, vaccinations, and treatments for various health conditions. The pet food industry is a significant part of the small animal segment. There's a growing trend toward premium and specialized pet foods, including those tailored to specific health needs and dietary preferences. As a result, there will be increased demand in the segment.
The Accessories/ Consumables segment would witness a CAGR of 7.4% during (2023 - 2030). As the use of veterinary imaging technologies continues to grow, the demand for accessories and consumables associated with these imaging modalities may also increase. More veterinary clinics and hospitals incorporating imaging services into their practices can boost the need for related consumables. Owing to these factors, the segment will grow rapidly in the coming years.
The Veterinary Clinics & Diagnostic Centers segment is leading the Global Veterinary Imaging Market by End User in 2022 thereby, achieving a market value of $2 billion by 2030, growing at a CAGR of 6.8 % during the forecast period. As the veterinary industry places a growing emphasis on preventive care and early diagnosis, veterinary clinics and diagnostic centers may invest in imaging equipment to detect and diagnose conditions earlier, allowing for more effective treatment. Some veterinary clinics may specialize in imaging services, offering a range of advanced diagnostic procedures. These factors will help in the expansion of the segment.
The Oncology segment is experiencing a CAGR of 10.1% during (2023 - 2030). Nuclear medicine techniques, such as positron emission tomography (PET) and single-photon emission computed tomography (SPECT), can be used in veterinary oncology for functional imaging and precise localization of tumors. The use of contrast agents and imaging reagents can enhance the visibility of tumors and improve diagnostic accuracy in various imaging modalities. These aspects will fuel the growth of the segment in the future.
Full Report: https://www.kbvresearch.com/veterinary-imaging-market/
The North America region dominated the Global Veterinary Imaging Market by Region in 2022 thereby, achieving a market value of $1.2 billion by 2030, growing at a CAGR of 6.5 % during the forecast period. The Europe region would witness a CAGR of 6.7% during (2023 - 2030). Additionally, The Asia Pacific region is experiencing a CAGR of 8% during (2023 - 2030).
By Animal Type
By Product
By End User
By Application
By Geography
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