U.S. Veterinary Imaging Market Size & Outlook, 2023-2030
U.S. veterinary imaging market, 2018-2030 (US$M)
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U.S. veterinary imaging market highlights
- The U.S. veterinary imaging market generated a revenue of USD 645.8 million in 2023 and is expected to reach USD 971.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6% 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.
Veterinary imaging market data book summary
| Market revenue in 2023 | USD 645.8 million |
| Market revenue in 2030 | USD 971.0 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | CT Imaging |
| 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, U.S. accounted for 34.9% 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 North America, U.S. veterinary imaging market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 184.9 million by 2030.
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Veterinary Imaging Market Scope
Veterinary Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 37.41% in 2023. Horizon Databook has segmented the U.S. 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 veterinary imaging market in the U.S. is expected to grow at a significant pace over the forecast period, owing to an increase in incidence of orthopedic diseases among animals as well as rise in pet obesity in the country.
Presence of key players such as General Electric Company, Epica International (Epica Animal Health), Neuro Logical Corporation, SOUND, Animage, LLC, My Vet Imaging Inc., and Bruker Corporation is also positively influencing market growth.
For instance, in January 2023, Esaote North America, Inc. introduced Magnificat Vet MRI system in U.S. to address the surging demand for veterinary imaging services due to the rise in pet adoptions across the country.
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Target buyers of U.S. 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 U.S. veterinary imaging market, including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. veterinary imaging market size, by product, 2018-2030 (US$M)
U.S. Veterinary Imaging Market Share, 2023 & 2030 (US$M)
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