The global veterinary imaging market was valued at US$ 2.0 Bn in 2022 and is projected to grow at a CAGR of 6.9% from 2023 to 2031, reaching more than US$ 3.6 Bn by the end of 2031, according to the latest industry research. Rising pet adoption rates, technological innovations in diagnostic tools, and increasing demand for early disease detection in animals are significantly boosting market growth.

Manufacturers are integrating AI-powered imaging and digital radiography into routine veterinary care, enhancing diagnostic precision and operational efficiency. This trend, along with a rise in orthopedic and oncologic disorders among companion animals, positions the veterinary imaging industry for steady long-term expansion.

Key Market Drivers

▸ Growing Incidence of Veterinary Diseases

The surge in pet-related disorders—especially osteoarthritis, cardiovascular conditions, and cancer—is amplifying the need for timely, accurate diagnostics. The 66% rise in osteoarthritis among dogs and 150% among cats underscores the critical role of advanced imaging solutions in veterinary care.

▸ Increasing R&D Spending in Animal Health

Pharmaceutical and biotechnology companies are investing significantly in veterinary R&D, fostering the development of multimodal imaging devices and more efficient diagnostic workflows. This symbiotic growth between the pharma sector and veterinary diagnostics is opening new opportunities for market expansion.

▸ Technological Innovations

From wireless ultrasound systems to miniaturized MRI scanners, innovation remains a cornerstone of market growth. Companies like GE HealthCare are launching solutions such as Vscan Air, a compact ultrasound device tailored for veterinary practices, improving point-of-care diagnostics and clinical decision-making.

Market Segmentation Highlights

● By Product Type

• Equipment held the largest market share in 2022, driven by the growing adoption of X-ray, MRI, and ultrasound machines.

• Radiography (X-ray) remains the most commonly used modality, thanks to its affordability, accessibility, and diagnostic utility.

• Imaging reagents and software are gaining traction, particularly with AI-based imaging interpretation becoming mainstream.

● By Animal Type

• The small animals segment accounted for the largest market share in 2022.

• Rising pet ownership and growing expenditure on companion animal health are supporting segment growth, especially in urban centers across North America and Europe.

● By Application

• Orthopedics dominated the market in 2022 and is expected to maintain its lead through 2031.

• Increasing incidences of joint disorders, fractures, and musculoskeletal diseases in animals is driving demand for CT and MRI technologies.

● By End-user

• Veterinary hospitals and clinics are the primary adopters of imaging equipment, with a shift toward integrating digital systems for faster and more accurate diagnosis.

• Veterinary research institutes are also emerging as high-potential end users due to their focus on experimental diagnostics and treatment efficacy.

Regional Insights

◉ North America

The U.S. continues to dominate the global veterinary imaging market owing to:

• Robust veterinary infrastructure

• High awareness and adoption of cutting-edge diagnostics

• Strategic collaborations and investments by key market players

◉ Europe & Asia Pacific

• Germany, the U.K., and France are front-runners in Europe, driven by strong veterinary care regulations and advanced healthcare systems.

• China and India represent emerging markets in Asia Pacific, where rising incomes, growing pet populations, and increased focus on animal wellness are driving demand.

Competitive Landscape

The veterinary imaging market is consolidated, with a few players dominating the space through strategic alliances, technology launches, and regional expansions. Key companies profiled include:

• GE HealthCare

• Siemens Healthineers AG

• Koninklijke Philips N.V.

• Samsung

• Medtronic Plc

• 3M

• Johnson & Johnson

• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Recent Developments:

• Jan 2023: GE HealthCare partnered with Sound Technologies to distribute Vscan Air, a wireless ultrasound device tailored for veterinary applications in the U.S.

• Nov 2022: OmniVision introduced the OH02B image sensor, aimed at veterinary endoscopy and imaging-guided procedures.

Outlook

The global veterinary imaging market is poised for robust growth through 2031, fueled by:

• Advances in AI-integrated diagnostics

• Rising demand for point-of-care imaging solutions

• Expansion of pet insurance coverage, facilitating access to premium diagnostic services

As the healthcare ecosystem increasingly acknowledges the value of veterinary diagnostics in preventing zoonotic diseases and ensuring animal welfare, the imaging market will remain a critical pillar in the global veterinary landscape.