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U.S. Equine Imaging Services Market Trends

Report ID: GMI12136
Published Date: Nov 2024
Report Format: PDF

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U.S. Equine Imaging Services Market Trends

As horse owners invest more in their animals' health, they increasingly recognize the value of advanced diagnostic tools such as MRIs, medical X-rays, and ultrasounds. This heightened investment is driven by a growing awareness of equine health and the necessity of early diagnosis to prevent severe conditions. Moreover, the willingness to spend more on specialized veterinary care and equine research aligns with the trend of personalized medicine, where tailored treatment plans are becoming the norm.

For instance, in April 2024, the Morris Animal Foundation announced it is accepting research proposals for the 2024 Equid Health Grants. The call includes four award types—Established Investigator, First Award, Pilot Study, and Fellowship Training—focusing on the health and welfare of horses, ponies, donkeys, and mules. Due to such initiatives, the demand for high-quality imaging services is likely to rise.

Overall, the upward trend in equine healthcare expenditures creates a favorable environment for the growth of the equine imaging services market, enabling better health outcomes for horses and reinforcing the role of imaging in veterinary practice.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The U.S. equine imaging services industry was valued at USD 239.5 million in 2023 and is estimated to grow at a CAGR of over 4.8% from 2024 to 2032, driven by advancements in imaging technologies.

The X-rays segment recorded USD 96.2 million in 2023, driven by the rising demand for equine diagnostic services and increased awareness of horse care in the U.S.

The South Atlantic equine imaging services market was valued at USD 44.9 million in 2023 and is projected to sustain a CAGR of 4.5% between 2024 and 2032, driven by a thriving equestrian industry.

Key players in the sector include Cornell University College of Veterinary Medicine, Hagyard Equine Medical Institute, Mid-Atlantic Equine Medical Center, Palm Beach Equine Clinic, Peterson Smith Equine Hospital, Rood & Riddle, Tennessee Equine Hospital, University of Pennsylvania School of Veterinary Medicine, and B.W. Furlong & Associates.