Veterinary MRI systems provide high-resolution imaging for diagnosing chronic diseases, tumors, and neurological conditions in animals. These devices are critical in veterinary hospitals and research facilities, offering non-invasive, precise diagnostics for small and large animals. The market is driven by rising chronic disease prevalence, growing pet ownership, and advancements in low-field and AI-enhanced MRI systems. Veterinary MRIs align with animal welfare policies by improving diagnostic accuracy and reducing invasive procedures. Growth is fueled by increasing veterinary expenditures and regulatory support, but challenges include high costs and limited adoption in smaller clinics.
This product will be delivered within 1-3 business days.
Market Size and Growth Forecast
- The global veterinary MRI market is estimated at USD 100 to 200 million in 2025, with a projected CAGR of 5.0% to 10.0% from 2025 to 2030, reaching USD 130 to 290 million by 2030. This growth reflects rising diagnostic demands and technological innovations.
Regional Analysis
North America leads, with the US driving demand due to high pet ownership and advanced diagnostics. Trends focus on low-field MRIs. Europe follows, with Germany and the UK emphasizing neurology applications, supported by welfare regulations. Asia Pacific grows steadily, with China and India expanding veterinary services due to pet ownership. Rest of the World, including Brazil, sees demand in research, focusing on affordability.End Users Analysis
- Small Animals: Expected to grow at 5.5-10.5%, dominating due to pet healthcare spending. Trends emphasize compact MRIs. Large Animals: Projected at 4.5-9.0%, used in equine and livestock care, with trends on mobile units.
Type Analysis
- MRI Scanner: Anticipated at 5.0-10.0%, core equipment, with trends on AI integration. Software & Services: Expected at 5.5-11.0%, enhancing diagnostics, with trends on cloud-based analysis. Accessories/Consumables: Projected at 4.0-8.5%, supporting operations, with trends on cost-effectiveness.
Key Market Players
Esaote SPA specializes in veterinary MRI systems. Hallmarq Veterinary Imaging focuses on low-field MRIs. General Electric offers advanced imaging solutions. Siemens provides high-resolution systems. These firms compete on innovation and accessibility.Porter's Five Forces Analysis
- Threat of New Entrants: Low; high R&D and regulatory barriers limit entry.
- Threat of Substitutes: Moderate; ultrasound and CT are alternatives but less precise.
- Bargaining Power of Buyers: Moderate; hospitals negotiate, but specialized equipment limits options.
- Bargaining Power of Suppliers: Moderate; component suppliers have some leverage.
- Competitive Rivalry: High; firms compete on technology and service quality.
Market Opportunities and Challenges
Opportunities:
- Rising chronic diseases, with 6 million pet cancer cases annually, drive demand.
- Increasing pet ownership boosts diagnostic spending.
- Technological advancements like AI enhance accessibility.
Challenges:
- High costs limit adoption in smaller clinics.
- Limited veterinary expertise in emerging markets hinders growth.
- Regulatory compliance increases costs.
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Historical and Forecast Veterinary Mri Market in North America (2020-2030)
Chapter 9 Historical and Forecast Veterinary Mri Market in South America (2020-2030)
Chapter 10 Historical and Forecast Veterinary Mri Market in Asia & Pacific (2020-2030)
Chapter 11 Historical and Forecast Veterinary Mri Market in Europe (2020-2030)
Chapter 12 Historical and Forecast Veterinary Mri Market in MEA (2020-2030)
Chapter 13 Summary For Global Veterinary Mri Market (2020-2025)
Chapter 14 Global Veterinary Mri Market Forecast (2025-2030)
Chapter 15 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Esaote SPA
- General Electric Company
- Siemens
- Hallmarq Veterinary Imaging
- Shenzhen Anke High-tech
- Time Medical Holding
- IDEXX Laboratories
- Shenzhen Basda Medical Apparatus
- Willows Veterinary Centre and Referral Service
- North West Radiology.