India Veterinary Imaging Market Size & Outlook, 2023-2030
India veterinary imaging market, 2018-2030 (US$M)
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India veterinary imaging market highlights
- The India veterinary imaging market generated a revenue of USD 48.5 million in 2023 and is expected to reach USD 89.5 million by 2030.
- The India market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, x-ray was the largest revenue generating product in 2023.
- MRI is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary imaging market data book summary
| Market revenue in 2023 | USD 48.5 million |
| Market revenue in 2030 | USD 89.5 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | MRI |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Ultrasound, MRI, CT Imaging, Video Endoscopy |
| Key market players worldwide | IDEXX Laboratories Inc, GE Aerospace, FUJIFILM Holdings Corp, Mars Group Holdings Corp, shenzhen mindray automation equipment co., Esaote, Sound, Universal Medical Systems, Hallmarq Veterinary Imaging, HESKA |
Other key industry trends
- In terms of revenue, India accounted for 2.6% of the global veterinary imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China veterinary imaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 89.5 million by 2030.
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Veterinary Imaging Market Scope
Veterinary Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India veterinary imaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary imaging market will help companies and investors design strategic landscapes.
X-ray was the largest segment with a revenue share of 36.29% in 2023. Horizon Databook has segmented the India veterinary imaging market based on x-ray, ultrasound, mri, ct imaging, video endoscopy covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of India is providing funding for the enhancement of existing veterinary facilities, which is expected to boost demand for veterinary imaging in India. In January 2024, the government created a draft for Pashudhan Vikash Yojana (RPVY) to boost veterinary systems market in India.
The Pashudhan Vikash Yojana (RPVY) has had a significant impact on the veterinary imaging market in India. The scheme, which is a part of the National Livestock Mission, allocates substantial funds for the development of veterinary healthcare services, including diagnostic facilities.
Furthermore, the increase in launch of dedicated veterinary facilities for small animals is contributing to veterinary imaging market growth. For instance, in March 2024, Tata Trusts launched India's first state-of-the-art small animal hospital in Mumbai.
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Target buyers of India veterinary imaging market databook
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Our clientele includes a mix of veterinary imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India veterinary imaging market, including forecasts for subscribers. This country databook contains high-level insights into India veterinary imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary imaging market size, by product, 2018-2030 (US$M)
India Veterinary Imaging Market Share, 2023 & 2030 (US$M)
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