In an era where the health and well-being of our animal companions take center stage, the global veterinary computed tomography (CT) scanner market is experiencing an extraordinary ascent. Valued at USD 173.7 million in 2022, this dynamic market is on a robust growth trajectory with a steady CAGR of 6.8%, poised to achieve a remarkable revenue milestone of USD 355.3 million by 2033.
This unprecedented growth is driven by a confluence of factors: the rising prevalence of complex veterinary conditions, the growing awareness and adoption of advanced diagnostic tools, and the relentless pursuit of innovation in animal healthcare. As pet owners and veterinary professionals alike recognize the importance of early and accurate diagnosis, the demand for state-of-the-art CT scanners is set to soar.
Leading this charge are groundbreaking advancements in imaging technology that offer unparalleled precision, enabling veterinarians to diagnose and treat conditions with greater accuracy and confidence. This not only enhances the quality of care but also significantly improves the health outcomes for our beloved pets.
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The burgeoning veterinary CT scanner market presents a wealth of opportunities for stakeholders across the veterinary healthcare spectrum. From cutting-edge manufacturers to pioneering veterinary clinics, the market beckons innovators and investors to seize the moment and contribute to a transformative journey in animal healthcare.
Key Highlights:
- Essential Tool for Veterinary Diagnosis and Treatment: Veterinary CT scanners are indispensable tools for diagnosing a wide range of medical conditions in animals, including orthopedic injuries, neurological disorders, cancer, and internal organ abnormalities. These scanners provide high-resolution, three-dimensional images of animal anatomy, facilitating accurate diagnosis, treatment planning, and surgical interventions in veterinary medicine.
- Growing Demand for Advanced Imaging Technologies: The increasing demand for advanced diagnostic and imaging technologies in veterinary practice is driving market growth for veterinary CT scanners. Pet owners and veterinarians are increasingly seeking access to state-of-the-art imaging facilities and equipment to ensure timely and accurate diagnosis of pet health conditions, leading to increased adoption of CT scanning services in veterinary clinics and hospitals.
- Technological Advancements Driving Market Innovation: Ongoing advancements in veterinary CT scanner technology, including improvements in image resolution, scanning speed, and software functionality, are driving market innovation and product development. Innovations such as multi-slice CT scanners, cone beam CT systems, and portable CT scanners are expanding the capabilities and applications of veterinary imaging, enhancing diagnostic accuracy and efficiency in veterinary practice.
- Focus on Animal Health and Welfare: The focus on animal health, welfare, and quality of care is driving investment in advanced diagnostic and imaging technologies in veterinary medicine. Veterinarians and pet owners alike recognize the importance of early detection and treatment of medical conditions in animals, leading to increased utilization of veterinary CT scanning services for preventive screenings, diagnostic evaluations, and treatment monitoring.
Fighting Serious Animal Illnesses:
Another aspect driving the industry ahead is the incidence of serious illnesses in animals. In order to diagnose complex illnesses including cancer, neurological problems, and bone fractures and to potentially improve patient outcomes, CT scans are a useful tool.
Improvements in Technology and Raised Awareness:
With features like ray intensity modules that can be adjusted to meet the unique requirements of various animal sizes and sensitivities, veterinary CT scanners are becoming more and more advanced. Furthermore, the market is expanding as a result of rising knowledge about the advantages of CT scans among veterinarians and pet owners.
Top Highlights from the FMI’s Analysis of the Veterinary Computed Tomography Scanner Market:
- The North American veterinary computed tomography scanner industry acquired a 34.7% stake in the market in 2022.
- The Europe veterinary computed tomography scanner industry obtained a share of 30.1% globally in 2022.
- The United States veterinary computed tomography scanner industry is expected to attain a market share exceeding 30.5% in 2023.
- Germany acquired a 7.7% market share in 2022 on a global scale.
- The Japanese veterinary computed tomography scanner industry procured a market share of 4.7% in 2022.
- The veterinary computed tomography scanner industry in the United Kingdom is projected to explode at a CAGR of 6.1% over the forecast period.
- China’s veterinary computed tomography scanner industry is projected to gallop at a CAGR of 8.1%.
- The Indian market is expected to expand at a CAGR of 7.7% over the assessment period.
- Based on application, the orthopedic and traumatology segment grabbed a market share of 38.40% in 2022.
- Under the end user category, veterinary hospitals and clinics are expected to attain a market share of more than 47.80% over the forecast period.
How Key Players are Contributing to the Veterinary Computed Tomography Scanner Market?
Key participants have added cutting-edge technology along with the latest medical technology like highly efficient devices delivering optimum diagnostics capability in veterinary computed tomography scanners. As the market rises and skyrockets its growth prospects, the competition amongst the key players keeps on increasing, making the market more dynamic.
Recent Developments in the Veterinary Computed Tomography Scanner Market
- Siemens AG has introduced the computed tomography that helps in clinical research along with new diagnostics application that comes under its CT technologies & Innovations platform, fueling the sales of veterinary computed tomography scanners.
- Epica Medical Innovations has launched its new Vimago GT30, HDVI, that comes with improved diagnostic capability and efficiency. This multi-modality masterpiece includes onboard fluoroscopy and digital radiology. It increases competition by experimenting with the latest healthcare technology.
- Hitachi Healthcare America announced an expansion of its cooperation with scil animal care, a division of Henry Schein Animal Health, in August 2018. The deal widens the scil region to include statewide coverage and distribution of Hitachi’s unique ultrasound solutions aimed at the veterinary sector, which has been in place since 2011.
- Woorien introduced MyVet CT i3D, the first veterinary-specific spiral Linear CTV Scanner, in March 2020.
- In Fort Lauderdale, Florida, a referral hospital installed a Toshiba Aquilion 16 CT scanner in September 2022. The new scanner is going to enhance the treatment capabilities and offer excellent care for pets.
- Xoran Technologies commenced accepting reservations for vTRON in May 2021. The new open-bore CT scanner was introduced at the Veterinary Meeting and Expo (VMX) in June 2021 in Florida
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Key players:
- GE Healthcare
- Toshiba Medical Systems Corporation
- Siemens AG
- Koninklijke Philips N.V
- Epica Medical Innovations
- Samsung Electronics Co. Ltd. (Neurologica Corporation)
- Hitachi, Ltd.
- Animage, LLC
- QR S.R.L.
- Gin ApS
Key segments
By Type:
- Portable CT Scanners
- Stationary Multi-slice CT Scanners
- Mid-end CT Scanners
- High-end CT Scanners
- Low-end CT Scanners
By Animal Group:
- Large Animals (Horses, Cattles)
- Small Animals (Cats, Dogs, Etc.)
- Others
By Application:
- Neurology
- Oncology
- Orthopedics and Traumatology
- Other Applications
By End User:
- Veterinary Hospitals and Clinics
- Academic Institutes and Teaching Hospitals
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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