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Veterinary MRI Market Trends

  • Report ID: GMI6007
  • Published Date: Jun 2023
  • Report Format: PDF

Veterinary MRI Market Trends

The increasing adoption of companion animals is expected to have a significant impact on the growth of the veterinary MRI market. With the increase in the pet population and animal health expenditures, pet insurance is also set to increase. Furthermore, according to the annual facts and figures published by FEDIAF, there has been immense growth in European pet ownership. In 2020, about 88 million households will owned at least one pet animal. The pet population is rapidly increasing, with an estimated 90 million.
 

With the increasing animal population, the prevalence of animal diseases is also increasing, leading to the need for early diagnosis and treatment of the diseases. The veterinary MRI system has a great application in the diagnosis of a wide range of neurology, oncology, cardiology, and other diseases in animals. With the use of MRI technology, health issues can be identified more quickly, and treatment can be administered more swiftly. These factors will increase the demand for veterinary imaging technologies such as veterinary MRI, veterinary CT imaging, veterinary X-ray, and veterinary ultrasound devices.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market share for veterinary MRI was USD 78.5 million in 2022 and will record 5.5% CAGR from 2023-2032 due to the increasing adoption of companion animals worldwide

Veterinary hospitals and research institutes recorded a significant value in 2022 impelled by the growing burden of animal diseases

North America veterinary MRI industry size will reach a substantial CAGR from 2023-2032 owing to the rapidly increasing focus on animal health in the region

Hallmarq Veterinary Imaging, Esaote SPA, Siemens Healthcare Ltd., General Electric Company, Shenzhen Anke High-tech Co., Ltd., Time Medical Holding, IMV imaging, Imotek International Ltd, and MinFound Medical Systems are some of the key veterinary MRI companies

Veterinary MRI Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 396
  • Countries covered: 21
  • Pages: 230
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