Animal Imaging Market size is poised to reach USD 4 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of animal imaging was USD 2 Billion. The reason behind the growth is due to the rising burden of zoonotic diseases across the globe. About two million individuals each year, primarily in low- and middle-income nations, die from neglected zoonotic illnesses. For the prevention and protection of agronomic health, effective management and control of infectious diseases have become essential. Hence a favorable environment for the expansion of the global market would be created by the growing demand for early detection of these zoonotic illnesses through suitable diagnostic tests.
The growing technological advancement in animal imaging is believed to fuel the market growth. Clinical and preclinical imaging have benefitted greatly from the use of multimodality imaging, particularly PET/CT. According to clinical examples, combining anatomical features revealed by CT scans and functional data from PET scans into a single image with high fusion accuracy creates a sophisticated diagnosis tool and research platform.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
~8% |
|
Base Year Market Size (2023) |
~ USD 2 Billion |
|
Forecast Year Market Size (2036) |
~ USD 4 Billion |
|
Regional Scope |
|
Product (Veterinary Imaging Instruments, Veterinary Software, Veterinary Imaging Reagents)
The veterinary imaging instruments segment in the animal imaging market is estimated to gain a robust revenue share of 55% in the coming years. The veterinary imaging devices further include positron emission tomography, fluorescence imaging, magnetic resonance imaging, ultrasound imaging, x-ray computed tomography, single photon emission computed tomography, and bioluminescence imaging, which can be used for whole animal imaging that offers distinct insights on the morphology, energy balance, and physiological state of the animal.
In veterinary medicine, ultrasonography is the second most popular imaging format which enables veterinarians to diagnose animals faster and make faster judgments with little sedation or restriction. With the help of these user-friendly ultrasound instruments veterinarians can guide needles for tissue biopsies and can diagnose diseases such as pancreatitis, enlarged organs, kidney/bladder stones, and portosystemic shunts.
Animal Type (Small Companion Animals, Large Animals)
The small companion animals segment in the animal imaging market is set to garner a notable share shortly. Small-animal PET imaging is an important tool in preclinical oncology which have recently emerged, including PET, PET/CT, and PET/MR, as well as SPECT and SPECT/CT scanners that permit the noninvasive study of novel drugs as well as their effects in animals over substantial periods. Numerous uses of small animals exist in the field of biomedical research which has also proven helpful in understanding human molecular biology and pathology.
A compact, high-resolution PET scanner and MRI equipment can be used on small animals, including rats and mice, for non-invasive research. Moreover, positron emission tomography (PET) –CT scanners are becoming standard for clinical PET imaging which utilizes small scintillator elements decoded with position-sensitive or multichannel for studying the animal model of human diseases and the development of new drugs.
Application (Orthopaedics and Traumatology, Oncology, Cardiology, Neurology)
The orthopedics and traumatology segment in the animal imaging market is anticipated to garner a noteworthy share in the coming years. In exotic pets, orthopedic disorders are a prevalent issue therefore by utilizing PET-CT imaging on small animals more accurate problem definitions and exact therapy protocol settings are made possible. In exotic animal veterinary care, diagnostic imaging modalities are more widely available and accessible particularly, nuclear imaging which is being used in tiny animals to identify inflammatory, traumatic, and precancerous lesions early on.
Our in-depth analysis of the global market includes the following segments:
|
Product |
|
|
Animal Type |
|
|
Application |
|
|
End-Use |
|
North American Market Forecast
Animal imaging market in North America is predicted to account for the largest share of 40% by 2036 impelled by the rising spending in healthcare. This has led to advancements in diagnostic technologies, leading to a higher demand for animal imaging in the region. For instance, from 2021 to 2022, health spending in the US grew by more than 4%, which was a little quicker than the 3% increase from 2020 to 2021. Additionally, every day, car crashes claim the lives of more than 320 million vertebrate animals in the US. Particularly, on American roads, there are over 1 million car accidents involving deer annually.
APAC Market Statistics
The APAC animal imaging market is estimated to be the second largest, during the forecast timeframe led by increasing spending on animal health. over the past few decades driven by a rise in pet adoption rates, and increased public awareness this has led to the enhancement of India's animal health system.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?