Veterinary Imaging Market Size, Share, Growth Analysis, By Product (Veterinary Imaging Instruments, Veterinary Imaging Reagents), By Modality (Stationary Instruments, Portable Instruments), By Application (Orthopedics & Traumatology, Cardiology), By Animal Type, By End User, By Region - Industry Forecast 2024-2031

North America accounted for 40.84% of the revenue share in the global veterinary imaging market in 2023. Regionally, North America has among the highest rates of pet ownership in the world-in countries such as the United States and Canada. Demand for veterinary healthcare services is directly related to the size of the population requiring treatment, especially diagnostic imaging. Similarly, the North American market is also expected to increase due to an increase in strategic activities and developments of key players through product launch, merger, acquisitions, and alliances. For instance, in January 2023, JPI Healthcare launched a next-generation veterinary X-ray imaging solution, where the digital X-ray and fluoroscopy are merged with computed tomography in a unique manner, which will help in the veterinary field. New imaging modalities are now available to veterinarians, in the same format as digital X-ray, video and thermal scanning devices, at an exceptionally affordable cost, owing to DeteCT Vet CT and DynaVue Duo at the company.

Contrarily, Europe is among the fastest-growing regions. The increase in incidence of various chronic ailments among pets that require use of proper diagnostic imaging, coupled with rise in number of pet owners in Europe, is driving the veterinary imaging market. For instance, mobility problems, osteoarthritis, and obesity are all relatively common in the companion animal population. The gain of weight and excess body fat exert additional stresses on joints and thereby exacerbates arthritis and limit mobility. Thus, obesity, stated to be the most common nutritional health problem in dogs, is probably increasing side by side with the incidence of joint inflammatory disorders. Moreover, the regional veterinary imaging market is anticipated to exhibit remarkable growth, mainly because of the increasing applications of digital radiography and ultrasonography.