Animal Imaging Market Share

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.

Frequently Asked Questions (FAQ)

Rising burden of zoonotic diseases across the globe and the growing technological advancement in animal imaging are the major factors driving the growth of the market.

The market size of animal imaging is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.

The major players in the market are IDEXX Laboratories, Inc., Esaotae SPA, Carestream Health, Inc., GE Healthcare, Virbac Group, Elanco Animal Health, Merck Animal Health, Heska Corporation, MXR Imaging Inc., VCA Animal Hospitals, Kyoritsu Seiyaku Corporation, SHIMA laboratories Co., Ltd., and others.

The Veterinary Imaging Instruments segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Animal Imaging Market Share