Product Code: GVR-4-68040-014-6
North America & Europe Companion Animal Diagnostics Imaging Market Growth & Trends:
The North America & Europe companion animal diagnostics imaging market size is expected to reach USD 3.24 billion by 2030, registering a CAGR of 7.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Key factors driving the industry include increasing expenditure on pets, technological advancements, expansion of service offerings by clinics & hospitals, and increasing prevalence of diseases in companion animals. For instance, in January 2021, Agfa-Gevaert Group's digital radiology solution was deployed at the Livet Equine Veterinary Medical Center, which conducts about 50,000 to 60,000 clinical exams annually in France.
The COVID-19 pandemic led to a negative impact on the industry that included reduced demand, supply chain hurdles, low sales, and limited access to veterinary care. However, there was a significant increase in the pet adoption rate amid the pandemic, which is one of the key factors propelling the market growth. About one in five households adopted a dog or cat since the emergence of COVID-19 according to a U.S. survey conducted by the American Society for the Prevention of Cruelty to Animals in 2020. In addition, as pet parents become more sensitive to their pet's health & well-being there has been a growing demand for veterinary diagnostics including diagnostic imaging.
Technological advancement is a key factor driving industry growth. Global companies, such as IDEXX Laboratories, Sound Imaging, and Heska Corp., are increasingly spending on R&D activities to develop better products and expand their industry share. Increased penetration of emerging technologies, such as AI and machine learning, is also fueling technological growth. According to an article published in Innovative Veterinary Care in January 2021, with AI-based imaging software, vet professionals can access 200 times more data than without. In addition, such software can analyze mass information and conclude sensitive radiographs, MRI, CT, ultrasound, and other imaging interpretations rapidly.
North America & Europe Companion Animal Diagnostics Imaging Market Report Highlights:
- By animal type, the dogs segment dominated the industry in 2022 on account of the popularity of canines as pets in key countries, such as the U.S.
- The equipment segment accounted for the largest revenue share in 2022 owing to the high cost and growing product advancements
- Among equipment, the X-ray segment accounted for the highest share in 2022 while MRI is anticipated to grow the fastest
- Telemedicine services are projected to grow the fastest among the services segment due to increasing demand and penetration of teleradiology solutions among veterinary professionals
- The orthopedics & traumatology segment is expected to dominate the industry over the forecast years due to the high usage of advanced imaging in diagnosing orthopedic and trauma-related disorders
- North America was the dominant region in 2022 owing to supportive initiatives by leading industry players
- For instance, in September 2021, ESAOTE North America launched the MyLab X75VET veterinary ultrasound system equipped with software and probes in the U.S. This expanded the company's portfolio
- Europe, on the other hand, is expected to register the fastest growth rate during the forecast period
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation and Scope
- 1.1.1 Segment Scope
- 1.1.2 Regional Scope
- 1.1.3 Estimates And Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database:
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details Of Primary Research
- 1.4 Information/Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Market Definitions
- 1.7 Model Details
- 1.7.1 Commodity Flow Approach
- 1.7.1.1 Bottom-Up market estimation
- 1.7.1.2 Top-down market estimation
- 1.7.2 Global Market: Cagr Calculation
- 1.8 List of Secondary Sources
Chapter 2 Executive Summary
- 2.1 North America & Europe Companion Animal Diagnostic Imaging Market Outlook
- 2.1.1 Segment Outlook
- 2.1.2 Regional Outlook
- 2.1.3 Competitive Outlook
Chapter 3 North America & Europe Companion Animal Diagnostic Imaging Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Analysis
- 3.1.2 Ancillary Market Analysis
- 3.2 Penetration and Growth Prospect Mapping
- 3.3 North America & Europe Companion Animal Diagnostic Imaging Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.1.1 Strengthening Pet-Parent Bond And Ownership Rates
- 3.3.1.2 Innovations In Veterinary Radiology & Software
- 3.3.1.3 Rising Adoption Of Pet Insurance
- 3.3.1.4 Growing Demand For Veterinary Imaging Training
- 3.3.1.5 Increasing Imaging Caseload In Hospitals & Clinics
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 High Initial Investment & Maintenance Costs
- 3.3.2.2 Lack Of Specialized & Skilled Professionals In Developing Economies
- 3.3.3 Market Opportunity Analysis
- 3.3.3.1 Unmet Potential Of Ai In Imaging Equipment Such As X-Ray, Ct, & Mri
- 3.3.3.2 Veterinary Radiology Education & Training Opportunities
- 3.3.3.3 Opportunities In Veterinary Teleradiology Market
- 3.3.4 Market Challenge Analysis
- 3.3.4.1 Advanced Imaging Modalities Limited To Referral Hospitals
- 3.3.4.2 Challenges In Widespread Use Of Ct & Mri
- 3.4 Industry Analysis
- 3.4.1 Porter's Analysis
- 3.4.1.1 Threat Of New Entrants
- 3.4.1.2 Threat Of Substitutes
- 3.4.1.3 Bargaining Power Of Buyers
- 3.4.1.4 Bargaining Power Of Suppliers
- 3.4.1.5 Industry Rivalry
- 3.4.2 Pestel Analysis
- 3.4.2.1 Political & Legal
- 3.4.2.2 Economic
- 3.4.2.3 Social
- 3.4.2.4 Technological
- 3.4.2.5 Environmental
- 3.5 Regulatory Framework
- 3.5.1 North America
- 3.5.2 Europe
- 3.6 Estimated Pet Population, By Species & By Key Markets, 2018 To 2022
- 3.7 Pet Ownership And Veterinary Services Trends By Key States In The U.S.
- 3.8 U.S. Veterinary Practices Ownership Data
- 3.9 Covid-19 Impact Analysis
Chapter 4 Animal Type Estimates & Trend Analysis, 2018 - 2030 (USD Million)
- 4.1 Animal Type Movement Analysis, 2018-2030 (USD Million)
- 4.2 North America & Europe Companion Animal Diagnostic Imaging Market Share Analysis, 2022 & 2030
- 4.3 Dogs
- 4.3.1 Dogs Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.4 Cats
- 4.4.1 Cats Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.5 Horses
- 4.4.1 Horses Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.6 Other Animal Type
- 4.6.1 Other Animal Type Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 5 Solutions Type Estimates & Trend Analysis, 2018 - 2030 (USD Million)
- 5.1 Solutions Movement Analysis, 2018-2030 (USD Million)
- 5.2 North America & Europe Companion Animal Diagnostic Imaging Market Share Analysis, 2022 & 2030
- 5.3 Equipment
- 5.3.1 Equipment Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.2 X-Ray
- 5.3.2.1 X-Ray Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.2.2 Digital Radiography
- 5.3.2.2.1 Digital Radiography Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.2.2.2 Fixed
- 5.3.2.2.2.1 Fixed Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.2.2.3 Mobile
- 5.3.2.2.3.1 Mobile Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.2.2.4 Dental
- 5.3.2.2.4.1 Dental Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.2.3 Computer Radiography
- 5.3.2.3.1 Computer Radiography Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.3 Ultrasound
- 5.3.3.1 Ultrasound Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.3.2 Console/ On-Platform
- 5.3.3.2.1 Console/ On-Platform Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.3.3 Portable
- 5.3.3.3.1 Portable Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.3.4 Handheld
- 5.3.3.4.1 Handheld Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.4 Mri
- 5.3.4.1 Mri Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.5 Ct
- 5.3.5.1 Ct Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.5.2 Multi-Slice Ct
- 5.3.5.2.1 Multi-Slice Ct Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.5.3 Cone-Beam Ct
- 5.3.5.3.1 Cone-Beam Ct Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.7 C-Arm/Fluoroscopy
- 5.3.7.1 C-Arm/Fluoroscopy Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.3.8 Ecg/Ekg
- 5.3.8.1 Ecg/Ekg Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4 Consumables
- 5.4.1 Consumables Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5 Services
- 5.5.1 Services Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.2 Support Services
- 5.5.2.1 Support Services Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.3 Education/Training Services
- 5.5.3.1 Education/Training Services Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.4 Diagnostic Imaging Services
- 5.5.4.1 Diagnostic Imaging Services Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5.5 Telemedicine
- 5.5.5.1 Telemedicine Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.6 Pacs
- 5.6.1 Pacs Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.6.1.1 Cloud
- 5.6.1.1.1 Cloud Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.6.1.2 On-Premise
- 5.6.1.2.1 On-Premise Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 6 Application Type Estimates & Trend Analysis, 2018 - 2030 (USD Million)
- 6.1 Application Type Movement Analysis, 2018-2030 (USD Million)
- 6.2 North America & Europe Companion Animal Diagnostic Imaging Market Share Analysis, 2022 & 2030
- 6.3 Orthopedics & Traumatology
- 6.3.1 Orthopedics & Traumatology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4 Oncology
- 6.4.1 Oncology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5 Cardiology
- 6.5.1 Cardiology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.6 Neurology
- 6.6.1 Neurology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.7 Dental
- 6.7.1 Dental Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.8 Internal Medicine
- 6.8.1 Internal Medicine Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.9 Emergency Critical Care
- 6.9.1 Emergency Critical Care Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.10 Theriogenology
- 6.10.1 Theriogenology Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 7 End-Use Type Estimates & Trend Analysis, 2018 - 2030 (USD Million)
- 7.1 End-Use Type Movement Analysis, 2018-2030 (USD Million)
- 7.2 North America & Europe Companion Animal Diagnostic Imaging Market Share Analysis, 2022 & 2030
- 7.3 Clinics/Hospitals
- 7.3.1 Clinics/Hospitals Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4 Laboratories
- 7.4.1 Laboratories Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5 University/Research Institutes & Others
- 7.5.1 University/Research Institutes & Others Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Regional Estimates & Trend Analysis, 2018 - 2030 (USD Million)
- 8.1 Regional Market Snapshot
- 8.2 Regional Market Share Analysis, 2022 & 2030
- 8.3 North America
- 8.3.1 Swot Analysis
- 8.3.2 North America Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3 U.S.
- 8.3.3.1 Key Country Dynamics
- 8.3.3.2 Competitive Scenario
- 8.3.3.3 U.S. Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4 U.S. Regional Level Market Snapshot
- 8.3.3.4.1 North-East
- 8.3.3.4.1.1 North East Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.1.2 New England Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.1.3 Middle Atlantic Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.2 Mid-West
- 8.3.3.4.2.1 Mid-West Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.2.2 East North Central Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.2.3 West North Central Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.3 West
- 8.3.3.4.3.1 West Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.3.2 Mountain Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.3.3 Pacific Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.4 South
- 8.3.3.4.4.1 South Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.4.2 South Atlantic Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.4.3 East South Central Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.4.4.4 West South Central Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.3.4 Canada
- 8.3.4.1 Key Country Dynamics
- 8.3.4.2 Competitive Scenario
- 8.3.4.3 Canada Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4 Europe
- 8.4.1 Swot Analysis
- 8.4.2 Europe Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.3 Germany
- 8.4.3.1 Key Country Dynamics
- 8.4.3.2 Competitive Scenario
- 8.4.3.3 Germany Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.4 U.K.
- 8.4.4.1 Key Country Dynamics
- 8.4.4.2 Competitive Scenario
- 8.4.4.1 U.K. Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.5 The Netherlands
- 8.4.5.1 Key Country Dynamics
- 8.4.5.2 Competitive Scenario
- 8.4.5.3 The Netherlands Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.6 Belgium
- 8.4.6.1 Key Country Dynamics
- 8.4.6.2 Competitive Scenario
- 8.4.6.3 Belgium Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.7 Denmark
- 8.4.7.1 Key Country Dynamics
- 8.4.7.2 Competitive Scenario
- 8.4.7.3 Denmark Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.8 Norway
- 8.4.8.1 Key Country Dynamics
- 8.4.8.2 Competitive Scenario
- 8.4.8.3 Norway Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.9 Sweden
- 8.4.9.1 Key Country Dynamics
- 8.4.9.2 Competitive Scenario
- 8.4.9.3 Sweden Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.10 France
- 8.4.10.1 Key Country Dynamics
- 8.4.10.2 Competitive Scenario
- 8.4.10.3 France Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.11 Italy
- 8.4.11.1 Key Country Dynamics
- 8.4.11.2 Competitive Scenario
- 8.4.11.3 Italy Companion Animal Diagnostic Imaging Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 8.4.12 Spain
- 8.4.12.1 Key Country Dynamics
- 8.4.12.2 Competitive Scenario
- 8.4.12.3 Spain Companion Animal Diagnostic Imaging market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Participant's Overview
- IDEXX Laboratories, Inc.
- SOUND
- Heska Corporation
- ESAOTE SPA
- Canon Medical Systems Corporation
- Siemens Healthcare Limited
- FUJIFILM Holdings America Corporation
- Hallmarq Veterinary Imaging
- Carestream Health
- Agfa-Gevaert Group
- 9.2 Financial Performance
- 9.3 Product/ Services Benchmarking
- 9.4 Participant Categorization
- 9.4.1 Market Leaders
- 9.4.2 Strategy Mapping
- 9.5 List of Other Key Companies