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Veterinary CT Imaging Market By Product (Hardware [Stationary (High, Mid, Low end) Portable], Software, Consumable), Animal (Companion, Livestock), Application (Orthopedic, Dental, Oncology, Neurology), End-user (Hospital), Global Forecast, 2023 – 2032


Published on: 2024-07-28 | No of Pages : 240 | Industry : Animal Health and Nutrition

Publisher : MIR | Format : PDF&Excel

Veterinary CT Imaging Market By Product (Hardware [Stationary (High, Mid, Low end) Portable], Software, Consumable), Animal (Companion, Livestock), Application (Orthopedic, Dental, Oncology, Neurology), End-user (Hospital), Global Forecast, 2023 – 2032

Veterinary CT Imaging Market Size

Veterinary CT Imaging Market is projected to be around USD 264.2 million in 2022, with a CAGR of 6% by 2032.

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The advancement of imaging modalities in veterinary medicine, as well as its potential to alter understanding of complex veterinary diseases are driving market growth. Trends in human medicine have crossed over to veterinary medicine. Due to advancements in technology, general veterinary practitioners in highly prosperous countries are increasingly using CT imaging. The increasing awareness on pet’s health and increasing expenditure on animal healthcare increases the uptake of veterinary services.

Moreover, other factors driving veterinary CT imaging market expansion include increased pet adoption, rising veterinary spending, an expanding number of veterinary clinics with enhanced infrastructure, new imaging centres, and increasing adoption of pet insurance. Veterinary specialists, including radiologists and surgeons, are incorporating CT imaging into their diagnostic and treatment protocols. CT has become widely used in many veterinary situations owing to the fact that it provides essential information that other imaging modalities, including as X-ray and ultrasound devices, do not. The demand for specialized veterinary imaging techniques, such as CT, is increasing as veterinarians aim to provide comprehensive and advanced care to their animal patients.
 

Veterinary CT Imaging Market Report Attributes
Report Attribute Details
Base Year 2022
Veterinary CT Imaging Market Size in 2022 USD 264.2 Million
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6%
2032 Value Projection USD 479.5 Million
Historical Data for 2018 to 2022
No. of Pages 228
Tables, Charts & Figures 380
Segments covered Product, Animal Type, Application, End-user, and Region
Growth Drivers
  • Increased pet ownership and animal health expenditure
  • Rising prevalence of animal diseases and injuries
  • Technological advancements in imaging modalities
  • Increasing adoption of pet insurance in developed countries
Pitfalls & Challenges
  • High cost of CT scanners
  • Low animal health awareness in emerging markets

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COVID-19 Impact

The COVID-19 pandemic had a negative effect on the veterinary imaging sector, along with several other sectors in 2020. Owing to COVID-19 supply delays, precautionary measures and widely imposed nationwide lockdowns in many nations have undoubtedly reduced veterinary appointments which in turn reduced imaging services.

However, the pandemic has accelerated the update of digital health and telemedicine tools in veterinary medicine. The number of veterinarians offering digital or remote consultations increased by 20% as a result of the pandemic with almost half of veterinarians (47%) offering online services.  Adopting remote support platforms has enabled veterinarians to fully utilise CT technology. Post pandemic, the veterinary care market is expected to grow considering increasing number of companion animals, increasing animal care spending, and technological advancements.  

Veterinary CT Imaging Market Trends

The market is influenced by several trends that shape its development. Some of the key trends observed in the market include increasing gains for advanced imaging modalities, rising popularity of 3D imaging, expansion of veterinary specialty services, integration of veterinary CT imaging with picture archiving and communication systems (PACS), adoption of cone beam CT technology, and focus on dose reduction and radiation safety. These trends reflect the evolving landscape of veterinary CT imaging, driven by technological advancements, increasing specialization, and the growing demand for high-quality diagnostic imaging in veterinary medicine.

Veterinary CT Imaging Market Analysis

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Based on product, the veterinary CT imaging market is segmented as hardware, software, and consumables. The hardware segment further divided into stationary CT scanner, and portable CT scanner. In 2022, the hardware segment accounted for the majority of the I market owing to the high cost of instrument. There is a growing recognition of the value of CT imaging in veterinary medicine, leading to an increased adoption of CT scanners in veterinary practices. Veterinarians are realizing the benefits of CT imaging in diagnosing and treating various conditions, including orthopedic, neurological, and oncological disorders in animals. This increased progression for CT imaging drives the need for advanced hardware systems.

Based on portability, Stationary CT scanners segment is further sub-segmented as mid end CT scanner, high end CT scanner, and low-end CT scanner. The stationary CT scanner segment held the dominant market share of 77.9% in 2022. Stationary CT scanners incorporate advanced technologies, such as multi-detector arrays, which can capture images with higher spatial resolution and improved image quality. This helps in better visualization of small anatomical structures, subtle lesions, and soft tissue details, leading to more accurate diagnoses and treatment planning.

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Based on animal type, the market is segmented as companion animals, livestock animals, and other animal types. The companion animals held a dominant market share of around 64.6% in 2022. The large share of this segment can be attributed to the increasing awareness of pet owners, advancements in veterinary medicine, the growing bond between humans and pets, increasing spending on animal’s health and the availability of specialized veterinary care.

Furthermore, the veterinary CT imaging market has witnessed significant technological advancements, making CT scanners more efficient, user-friendly, and accessible to veterinary practitioners. These advancements have led to improved image quality, faster scan times, and reduced radiation exposure, enhancing the overall experience for both pets and veterinarians.

Based on application, the veterinary CT imaging market is segmented as orthopedic & traumatology, dental, oncology, neurology, and other applications. The orthopedic & traumatology segment is expected to grow at a significant pace of 6.6% by 2032. Factors driving the growth of the orthopedic & traumatology segment are increased number of orthopedic injuries and increasing need for accurate and detailed imaging for diagnosing and treating orthopedic and traumatic injuries in animals.

CT imaging offers superior visualization of bone structures and soft tissues compared to traditional X-rays. It provides detailed 3D images, which are particularly valuable for assessing complex fractures, joint abnormalities, and soft tissue injuries. The ability of CT scanners to provide precise diagnostic information improves the accuracy of diagnoses in orthopedic and traumatology cases, leading to better treatment outcomes.

Based on end-user, the veterinary CT imaging market is segmented as veterinary hospitals & academic institutes, and veterinary clinics & diagnostic centers. The veterinary hospitals & academic institutes segment held a dominant market share in 2022 and is expected to grow at a significant pace by 2032.

Factors such as increasing demand for advanced diagnostic capabilities, growing awareness and acceptance of CT imaging, collaboration with specialists, teaching and research requirements, referral services for complex cases, enhanced patient care and outcomes, and technological advancements contribute to the adoption and utilization of CT scanners in veterinary hospitals and academic institutes.

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North America veterinary CT imaging market is anticipated to grow at 5.7% by 2032. North America has a well-developed veterinary healthcare infrastructure with availability of numerous veterinary hospitals, specialty clinics, and academic institutes. These institutions have the resources and expertise to invest in advanced diagnostic equipment, including CT scanners. The presence of specialized veterinary professionals and advanced healthcare facilities drives the demand for veterinary CT imaging in the region.

Veterinary CT Imaging Market Share

Some of the major veterinary CT imaging market players operating in the veterinary CT imaging industry are

  • GE Healthcare
  • Canon Medical Systems Corporation
  • Epica International, Inc.
  • Neurologica Corporation
  • Siemens Healthineers
  • Koninklijke Philips N.V.
  • Hallmarq Veterinary Imaging
  • Shenzhen Anke High-Tech Co. Ltd
  • Xoran Technologies, LLC.
  • PLANMED OY

Veterinary CT Imaging Industry News

  • In January 2023, Sage Veterinary Imaging (SVI) collaborated with Philips Healthcare to provide human-quality 128-slice CT for pets in Texas. The CT installation is part of a clinic expansion that also includes two surgical suites, a special procedures lab, an ultrasound wet lab teaching facility, and more development of SVI's I-131 feline hyperthyroidism treatment programme.
  • In May 2021, Xoran Technologies announced that reservation for its new open-bore CT scanner, vTRON. This introduction to Xoran's CT system suite provides a new imaging solution created exclusively for veterinary hospitals and general practise clinics.

The veterinary CT imaging market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments

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By Product, 2018 - 2032 (USD Million)

 

  • Hardware
  • Stationary CT scanner
    • Mid-end CT scanner
    • High-end CT scanner
    • Low-end CT scanner
  • Portable CT scanner
  • Software
  • Consumables

By Animal Type, 2018 - 2032 (USD Million)

  • Companion animals
  • Livestock animals
  • Other animals

By Application, 2018 - 2032 (USD Million)

  • Orthopedic & traumatology
  • Dental
  • Oncology
  • Neurology
  • Other applications

By End-user, 2018 - 2032 (USD Million)

  • Veterinary hospitals & academic institutes
  • Veterinary clinics and diagnostic centers

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin Americ 
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa

 

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