Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Animal Imaging Market size was over USD 1.98 billion in 2024 and is anticipated to cross USD 4.83 billion by 2037, witnessing more than 7.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of animal imaging is estimated at USD 2.1 billion.
The reason behind the growth is due to the rising burden of zoonotic diseases across the globe. About two million individuals each year, primarily in low- and middle-income nations, die from neglected zoonotic illnesses. For the prevention and protection of agronomic health, effective management and control of infectious diseases have become essential. Hence a favorable environment for the expansion of the global market would be created by the growing demand for early detection of these zoonotic illnesses through suitable diagnostic tests.
The growing technological advancement in animal imaging is believed to fuel the market growth. Clinical and preclinical imaging have benefitted greatly from the use of multimodality imaging, particularly PET/CT. According to clinical examples, combining anatomical features revealed by CT scans and functional data from PET scans into a single image with high fusion accuracy creates a sophisticated diagnosis tool and research platform.
Animal Imaging Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Number of Pet Owners - Worldwide pet ownership is on the rise, especially in millennial households, who often have fewer children and have them later in life and also as there has been a tendency of "pet parenting," wherein pet owners treat their animals like members of the family to postpone making other important decisions in life, including getting married and starting a family. For instance, more than 30% of households have pets worldwide.
- Increasing Popularity of Minimally Invasive Techniques- Veterinarians can more accurately detect a variety of illnesses by using the non-invasive imaging approach, which helps them see probable abnormalities, and also view images with unprecedented depth, and have a deeper understanding of the health of an animal. For instance, Ultrasound is a non-invasive diagnostic imaging method that creates real-time images of the pet's internal structures by using sound waves to provide priceless information about the health and welfare of animals.
- Surge in Pet Insurance- In the past few years, pet insurance has seen a sharp increase in investment and revenue and is one of the property and liability insurance lines that is expanding the fastest, driven by the new generation of pet owners. For instance, more than 19% of insured pets are cats, yet dogs continue to make up the majority.
Challenges
- High Cost of Imaging Services - The high-resolution imaging services, such as ultrasound, X-rays, MRI, or CT scans, that are utilized to identify minor issues in the animals are typically very expensive. The diagnostic technology also requires large installation and operational costs, which drives up the price of services. Hence this factor is expected to hinder the growth of the market.
- Inadequate Reimbursement Policies May Limit Financial Support for Veterinary Services
- Stringent Government Regulations for the Use of Animals in Research
Animal Imaging Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.1% |
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Base Year Market Size (2024) |
USD 1.98 billion |
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Forecast Year Market Size (2037) |
USD 4.83 billion |
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Regional Scope |
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Animal Imaging Segmentation
Product (Veterinary Imaging Instruments, Veterinary Software, Veterinary Imaging Reagents)
The veterinary imaging instruments segment in the animal imaging market is estimated to gain a robust revenue share of 55% in the coming years. The veterinary imaging devices further include positron emission tomography, fluorescence imaging, magnetic resonance imaging, ultrasound imaging, x-ray computed tomography, single photon emission computed tomography, and bioluminescence imaging, which can be used for whole animal imaging that offers distinct insights on the morphology, energy balance, and physiological state of the animal.
In veterinary medicine, ultrasonography is the second most popular imaging format which enables veterinarians to diagnose animals faster and make faster judgments with little sedation or restriction. With the help of these user-friendly ultrasound instruments veterinarians can guide needles for tissue biopsies and can diagnose diseases such as pancreatitis, enlarged organs, kidney/bladder stones, and portosystemic shunts.
Animal Type (Small Companion Animals, Large Animals)
The small companion animals segment in the animal imaging market is set to garner a notable share shortly. Small-animal PET imaging is an important tool in preclinical oncology which have recently emerged, including PET, PET/CT, and PET/MR, as well as SPECT and SPECT/CT scanners that permit the noninvasive study of novel drugs as well as their effects in animals over substantial periods. Numerous uses of small animals exist in the field of biomedical research which has also proven helpful in understanding human molecular biology and pathology.
A compact, high-resolution PET scanner and MRI equipment can be used on small animals, including rats and mice, for non-invasive research. Moreover, positron emission tomography (PET) –CT scanners are becoming standard for clinical PET imaging which utilizes small scintillator elements decoded with position-sensitive or multichannel for studying the animal model of human diseases and the development of new drugs.
Application (Orthopaedics and Traumatology, Oncology, Cardiology, Neurology)
The orthopedics and traumatology segment in the animal imaging market is anticipated to garner a noteworthy share in the coming years. In exotic pets, orthopedic disorders are a prevalent issue therefore by utilizing PET-CT imaging on small animals more accurate problem definitions and exact therapy protocol settings are made possible. In exotic animal veterinary care, diagnostic imaging modalities are more widely available and accessible particularly, nuclear imaging which is being used in tiny animals to identify inflammatory, traumatic, and precancerous lesions early on.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Animal Type |
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Application |
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End-Use |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Animal Imaging Industry - Regional Synopsis
North American Market Forecast
Animal imaging market in North America industry is expected to account for largest revenue share of 40% by 2037 impelled by the rising spending in healthcare. This has led to advancements in diagnostic technologies, leading to a higher demand for animal imaging in the region. For instance, from 2021 to 2022, health spending in the US grew by more than 4%, which was a little quicker than the 3% increase from 2020 to 2021. Additionally, every day, car crashes claim the lives of more than 320 million vertebrate animals in the US. Particularly, on American roads, there are over 1 million car accidents involving deer annually.
APAC Market Statistics
The APAC animal imaging market is estimated to be the second largest, during the forecast timeframe led by increasing spending on animal health. over the past few decades driven by a rise in pet adoption rates, and increased public awareness this has led to the enhancement of India's animal health system.
Companies Dominating the Animal Imaging Landscape
- IDEXX Laboratories, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Esaotae SPA
- Carestream Health, Inc.
- GE Healthcare
- Virbac Group
- Elanco Animal Health
- Merck Animal Health
- Heska Corporation
- MXR Imaging Inc.
- VCA Animal Hospitals
- Kyoritsu Seiyaku Corporation
- SHIMA laboratories Co., Ltd.
Recent Developments
- MXR Imaging, Inc., the biggest independent provider of imaging sales and service in the United States, has teamed with Konica Minolta for the Imaging Excellence Program, which provides a complete approach to medical imaging solutions for healthcare institutions across numerous departments, modalities, and imaging applications.
- PerkinElmer, Inc., a global leader devoted to innovating for a healthier society, today announced the launch of the Vega imaging system, a first-of-its-kind ultrasound platform that combines hands-free, automated technology with high-throughput capability to expedite non-invasive research and drug development investigations of cancer, liver and kidney disease, cardiology, and other diseases.
- Report ID: 4354
- Published Date: Jan 03, 2025
- Report Format: PDF, PPT
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