North America Veterinary Imaging Market Size & Outlook
North America veterinary imaging market, 2018-2030 (US$M)
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North America veterinary imaging market highlights
- The North America veterinary imaging market generated a revenue of USD 754.8 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, x-ray was the largest revenue generating product in 2023.
- CT Imaging is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 754.8 million |
| Market revenue in 2030 | USD 1,155.8 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | CT Imaging |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 40.8% of the global veterinary imaging market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 558.5 million by 2030.
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Veterinary Imaging Market Scope
Veterinary Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 38.09% in 2023. Horizon Databook has segmented the North America 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 North America veterinary imaging market held the largest share of 40.84% of the global market in 2023. The North American region includes the U.S. and Canada. The adoption rate of pets in the U.S. was projected to be around 2.48% in 2021, with a total of approximately 4.0 million pets.
The high share of the regional market can be attributed to the rising prevalence of obesity in pets and the high expenditure on their healthcare. In addition, increase in pet insurance claims due to growing concerns about pets among owners also drives the market.
Key players currently hold a majority of the market share in North America. Hence, the competition is expected to increase, and the market will grow as a result of strategic advancements and initiatives undertaken by key players in the form of product launches, acquisitions, mergers, and alliances.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America veterinary imaging market, including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary imaging market size, by country, 2018-2030 (US$M)
North America Veterinary Imaging Market Share, 2023 & 2030 (US$M)
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