The global veterinary diagnostic imaging market was valued at US$ 1,931.5 Mn in 2017, and is expected to reach US$ 3,473.9 Mn by 2026, expanding at a CAGR of 6.8% from 2018 to 2026.
Imaging diagnostic tools employed in veterinary science such as digital radiography, CT scans, MRI, ultrasound etc. are available in diverse range wherein the system can be placed on table top or wall mounted to provide seamless fitting in space challenged clinical settings worldwide. Medical device manufacturers are providing handheld diagnostic tools to perform preliminary screening of animals in farms situated in remote locations. The limitation associated with this market is dearth of skilled labor to operate such diagnostic equipment employed in veterinary imaging.
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North America is currently dominating the regional segment for veterinary diagnostic imaging market with 39% share. Rising public animal health awareness and significant increase in pet adoption drive the market growth in North America. Europe represents 30% market share. The factors responsible for its impressive growth are rampant growth in animal husbandry and domicile of major players such as Agfa-Gevaert N.V., Siemens AG., and GE Healthcare.
Medical device manufacturers competing in the veterinary diagnostic imaging market are Agfa-Gevaert N.V., Canon, Inc., Fujifilm Holdings Corporation, GE Healthcare, Hallmarq Veterinary Imaging, IDEXX Laboratories, Inc., MinFound Medical Systems Co., Ltd., Onex Corporation, Samsung Group and Siemens AG.