Veterinary Imaging Market Research Report -Forecast To 2023

Veterinary Imaging Market Research Report -Forecast To 2023

ID: MRFR/HC/2143-CRR | June, 2018 | Region: Global | 138 pages | Cooked Research Reports

Global Veterinary Imaging Market Research Report, by Product Type (Instruments, Veterinary Imaging Reagents and Veterinary Software), By Animal Type (Small Companion Animals and Large Animals), By Therapeutic Area (Orthopedics and Traumatology, Cardiology, Neurology and Oncology), By End User (Hospitals & Clinics and Academic Institutes) and By Regions - Forecast to 2023


Market Snapshot


Pet healthcare is trending globally with the focus shifting towards improving veterinary capabilities on all fronts. Veterinary imaging remains one of the key focus areas as animal care providers, veterinaries and animal research institutes increase their efforts towards developing superior veterinary imaging technologies. The global veterinary imaging market was valued at USD 1247.61 Mn in 2017 and is expected to surpass a valuation of USD 1800 Mn by the end of 2023. The arrival of high-quality, dedicated imaging solutions that are meeting various animal care needs characterizes the growing interest of healthcare technology companies in the particular space. A number of reputable animal healthcare bands have stepped up their efforts in developing veterinary imaging systems that are not only efficient but also cost-effective. The global demand for such systems has witnessed a considerable uptick in recent years. A combination of factors such as increased pet care expenditure by owners, especially in advanced countries and intensive animal farming are also making a positive impact on the global veterinary imaging market.


Report Overview


This MRFR market perspective examines the historical trends and current scenario of the global veterinary imaging market to deliver a highly pertinent growth forecast. The primary objective of the report is to deliver actionable insights, market facts and relevant data that will allow report users to make informed decisions and device growth strategies. The report includes key trends, drivers and restraints that are likely to influence the market over the next five years. All the crucial parameters were considered before determining the market size. A section of the report thoroughly discuses all the market segments based on which the overall market value was estimated.


In this report, the global veterinary imaging market has been segmented on the basis of product type, by animal type, therapeutic area and end-user. By product type, a market revenue assessment has been made on veterinary imaging instruments, veterinary imaging reagents, and veterinary imaging software. Based on product type, the market segments discussed in the report include large animals, small companion animals, and others. Major therapeutics areas that were considered include cardiology, oncology, orthopedics & traumatology, neurology, and others. hospitals & clinics and academic institutes were identified as the prominent end-users of veterinary imaging. All the segments that are mentioned above are profiled under four major geographies– North America, Europe, Asia Pacific, South America and the Middle East & Africa (MEA), with the respective country-level market sizes. This will assist report users in identifying the segments that are highly lucrative and implement growth strategies for the future.


Report Coverage


Value, Market Share, Player Analysis, value chain analysis, Porter's five forces model, demand & supply: gap analysis, investment opportunities analysis, pricing analysis, technological trends, country level break down for product type, animal type, therapeutic area, end-user.


Players Covered


Fujifilm Holding Corporation, Heska Corporation, Idexx Laboratory Inc, Canon Inc, BCF Technology, Ltd, Esaote SpA, Medical Imaging / IMCO, Inc, Diagnostic Imaging System, Inc, Merry X-Ray, Hallmarq Veterinary Imaging Ltd, Carestream Health, General Electric


Research Methodology


At Market Research Future, the center of attention lies on integrating resources and data in a manner that leads to high-quality reports with intensive insights into various markets. The research methodology relies on primary and secondary research outputs that delve into the current scenarios of the market. The research approach employed reveals notable trends that are currently governing the market and are beneficial when planning growth strategies. Top-down and bottom-up approaches have been used to ensure a high report quality. The data analysts at MRFR also highlight leading trends that can be capitalized to maximize market gains. The secondary data sources comprise of a diverse range of credible sources such as white papers and annual reports. The reports also enable a composite view of the market through different revenue pockets and geographies. The research process implemented guarantees apposite data analysis and the most independent outlooks toward market developments.


Other Description



  • Market Denomination- USD

  • Base year- 2017

  • Forecast Period- from 2018 to 2023


Intended Audience



  • Medical Devices Companies

  • Research and Development (R&D) Companies

  • Government Research Institutes

  • Academic Institutes and Universities


For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for veterinary imaging


North America


  • Canada

  • U.S


South America
Europe

Western Europe



  • Germany

  • France

  • Italy

  • Spain

  • Rest of the Western Europe

  • Eastern Europe


Asia Pacific


  • Japan

  • China

  • India

  • Australia

  • Republic of Korea

  • Rest of Asia Pacific


Middle East & Africa

 Middle East


 Africa



  • Product Type

    • Instruments

      • Radiography (X-Ray) Systems

      • Ultrasound Imaging Systems

      • Computed Tomography Imaging Systems

      • Magnetic Resonance Imaging Systems

      • Others



    • Veterinary Imaging Reagents

    • Veterinary Software



  • Animal Type

    • Small Companion Animals

    • Large Animals

    • Others



  • Therapeutic Area

    • Orthopedics and Traumatology 

    • Cardiology 

    • Neurology 

    • Oncology 

    • Others



  • End-User

    • Hospitals & Clinics

    • Academic Institutes

    • Others



The global veterinary imaging market was valued at USD 1.24 Bn in 2017 and is projected to reach an estimated evaluation of USD 1.85 Bn by the end of 2023 while observing a consistently average CAGR of 6.90% during the forecast period of 2017 to 2023. The globally changing attitude toward animal welfare and the increasing incidences of zoonotic diseases have prompted growth for the global market.


According to the Maine Center for Disease Control & Prevention, close to three-fourths of emerging infectious diseases that affect humans originate in animals. With rising incidences of zoonotic diseases over the past decade or so, has raised the requirement for the development of appropriate diagnostic measures. Moreover, with pet adoption rising, animals are increasingly becoming a member of the family, and as such, pet owners and animal enthusiasts who work in animal rescue have compelled demand for advancements in diagnostic technology such as veterinary imaging for the detection of chronic diseases. Pet insurance often offers up to 80% reimbursement, and due to the growing demand for advanced diagnostics, pet owners are spending on insurance for their animal companions. The North American Pet Health Insurance Association (NAPHIA) has recorded a 17.2% increase in pet health insurance from 2014 to 2015.


Without pet insurance, however, procedures that involve veterinary imaging modalities are expensive and as such are expected to hamper market growth. The University of Illinois published in a report which found that procedural cost ranged between USD 878 to USD 1,461 depending on the site and inclusion of contrast. However, due to the factors mentioned above and the unrealized potential in the market, regulatory authorities such as the FDA have proposed various guidelines of imaging accuracy which have compelled competitors in the market, both new and existing, to develop innovative products and services which meet these guidelines, thus creating new avenues for growth during the assessment period. 


The global veterinary imaging market has been segmented on the basis of product type, animal type, therapeutic area, end-user, and region. By product, the market has been segmented into instruments, veterinary imaging reagents, and veterinary software. The instruments segment is the most significant segment due to its cost-effectiveness and accuracy in diagnosis. Among the various sub-segments that have been included under the instruments segment, the radiography segment is expected to account for the largest share. The fastest growing segment, however, is veterinary software which allows for efficient client & animal management and integration with various forms of medical imaging devices.


By animal type, the market has been segmented into small companion animals, large animals, and others. Due to the increasing adoption of animals as pets, the most significant segment belongs to the small companion animal segment. Pet owners have become more conscientious regarding pet health and are quick to consult veterinarians in hopes of high-quality health care for their companion animals.


By therapeutic area, the market has been segmented into orthopedics & traumatology, cardiology, neurology, oncology and others.  The orthopedics & traumatology segment accounts for the largest market share due to the increasing incidences of bone injuries and prevalence of arthritis and other joint diseases in animals. The cardiology segment accounts for the second largest market segment due to the rising occurrences of cardiac conditions afflicting animals.


By end-user, the market has been segmented into hospitals & clinics, academic institutes, and others. The hospitals and clinics segment accounted for the largest segment of the global veterinary imaging market due to their extensive use of imaging modalities for diagnostics. Meanwhile, the fastest growing segment belongs to academic research institutes which have facilitated growth for the market due to continuous development and innovation of existing imaging technology.


Regional Analysis


Led by North America, The Americas have the largest share of the global market. The region is witnessing a rising demand for pet insurance as pet owners are becoming more invested in their pets’ health. The rapid adoption of innovative technology offerings in the region is responsible for its leading position in the veterinary imaging market. Europe, with its inclusion of developed countries such as Germany, France, and the U.K. accounts for the second largest market share due to the presence of prominent market players and supportive government initiatives toward pet insurance and pet healthcare.


The Asia-Pacific is set to grow at the most rapid pace with countries such as Japan, China, and India taking the lead. The growing prevalence of nuclear families with a tendency toward pet adoption and increasing investments in pet care have prompted international players to establish their presence in these countries in an effort to tap the potential this region carries.


Competitive Tracking


Key players in the global veterinary imaging market that have been analyzed in the report include Fujifilm Holding Corporation, Heska Corporation, Idexx Laboratory Inc, and Canon. Other players include Hallmarq Veterinary Imaging Ltd., Carestream Health, General Electric and others. Market strategies most employed by these competitors include product innovation and investments in R&D pipeline.

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TABLE OF CONTENTS

3.1 Definition 19

3.2 Scope of the Study 19

3.3 List of Assumptions 20

3.4 Market Structure 20

4.1 Research Process 22

4.2 Primary Research 23

4.3 Secondary Research 24

4.4 Market Size Estimation 25

4.5 Forecast Model 25

5.1 Introduction 27

5.2 Drivers 28

5.2.1 Increasing Incidence of Zoonotic Diseases 28

5.2.2 Increasing Expenditure on Pet Insurance 28

5.2.3 Technological Advancements in Veterinary Imaging 28

5.3 Restraints 30

5.3.1 High Procedure Cost 30

5.3.2 Lack of Skilled Veterinarians 30

5.4 Opportunities 31

5.4.1 Innovations in Veterinary Imaging Instruments 31

5.5 Mega Trends 31

5.6 Macroeconomic Indicators 31

6.1 Value Chain Analysis 33

6.1.1 R&D and Designing 33

6.1.2 Manufacturing 33

6.1.3 Packaging & Assembly 33

6.1.4 Distribution & Sales 34

6.1.5 Post-Sales Review 34

6.2 Porter’s Five Forces Model 35

6.2.1 Bargaining Power of Suppliers 36

6.2.2 Bargaining Power of Buyers 36

6.2.3 Threat of New Entrants 36

6.2.4 Threat of Substitutes 36

6.2.5 Intensity of Rivalry 36

6.3 Demand & Supply: Gap Analysis 37

6.4 Investment Opportunities Analysis 37

6.5 Pricing Analysis 37

6.6 Technological Trends 37

7.1 Overview 39

7.2 Instruments 41

7.3 Veterinary Imaging Reagents 42

7.4 Veterinary Software 42

8.1 Overview 44

8.2 Small Companion Animals 45

8.3 Large Animals 45

9.1 Overview 47

9.2 Orthopedics and Traumatology 48

9.3 Cardiology 48

9.4 Neurology 49

9.5 Oncology 49

10.1 Overview 51

10.2 Hospitals & Clinics 52

10.3 Academic Institutes 52

11.1 Introduction 54

11.2 Americas 56

11.2.1 North America 59

11.2.2 South America 66

11.3 Europe 68

11.3.1 Western Europe 71

11.3.2 Eastern Europe 86

11.4 Asia Pacific 88

11.4.1 Japan 91

11.4.2 China 93

11.4.3 India 95

11.4.4 Australia 97

11.4.5 Republic of Korea 99

11.4.6 Rest of Asia Pacific 101

11.5 Middle East & Africa 103

11.5.1 Middle East 106

11.5.2 Africa 108

12.1 Introduction 111

12.1.1 Company Share Analysis 111

13.1 Canon Inc. 113

13.1.1 Company Overview 113

13.1.2 Financial Overview 113

13.1.3 Products Offering 114

13.1.4 Key Developments 114

13.1.5 Key strategy 114

13.2 Fujifilm Holding Corporation 115

13.2.1 Company Overview 115

13.2.2 Financial Overview 115

13.2.3 Products Offering 116

13.2.4 Key Developments 116

13.2.5 SWOT Analysis 116

13.2.6 Key Strategy 116

13.3 Heska Corporation 117

13.3.1 Company Overview 117

13.3.2 Financial Overview 117

13.3.3 Products Offering 118

13.3.4 Key Developments 118

13.3.5 SWOT Analysis 118

13.3.6 Key Strategy 118

13.4 General Electric 119

13.4.1 Company Overview 119

13.4.2 Financial Overview: 119

13.4.3 Products Offering 120

13.4.4 Key Developments 120

13.4.5 SWOT Analysis 120

13.4.6 Key Strategy 120

13.5 Carestream Health 121

13.5.1 Company Overview 121

13.5.2 Financial Overview 121

13.5.3 Products Offering 122

13.5.4 Key Developments 122

13.5.5 SWOT Analysis 122

13.5.6 Key Strategy 122

13.6 Idexx Laboratories Inc. 123

13.6.1 Company Overview 123

13.6.2 Financial Overview 123

13.6.3 Products Offering 124

13.6.4 Key Developments 124

13.6.5 SWOT Analysis 124

13.6.6 Key Strategy 124

13.7 Hallmarq Veterinary Imaging Ltd. 125

13.7.1 Company Overview 125

13.7.2 Financial Overview: 125

13.7.3 Products Offering 125

13.7.4 Key Developments 125

13.7.5 SWOT Analysis 125

13.7.6 Key Strategy 125

13.8 Merry X-Ray 126

13.8.1 Company Overview 126

13.8.2 Products Offering 126

13.8.3 Key Developments 126

13.8.4 SWOT Analysis 127

13.8.5 Key Strategy 127

13.9 Diagnostic Imaging System, Inc. 128

13.9.1 Company Overview 128

13.9.2 Financial Overview: 128

13.9.3 Products Offering 128

13.9.4 Key Developments 129

13.9.5 SWOT Analysis 129

13.9.6 Key strategy 129

13.10 Medical Imaging / IMCO, Inc 130

13.10.1 Company Overview 130

13.10.2 Financial Overview: 130

13.10.3 Products Offering 130

13.10.4 Key Developments 130

13.10.5 SWOT Analysis 130

13.10.6 Key Strategy 130

13.11 Esaote SpA 131

13.11.1 Company Overview 131

13.11.2 Financial Overview: 131

13.11.3 Products Offering 131

13.11.4 Key Developments 131

13.11.5 SWOT Analysis 132

13.11.6 Key Strategy 132

13.12 BCF Technology, Ltd 133

13.12.1 Company Overview 133

13.12.2 Financial Overview: 133

13.12.3 Products Offering 133

13.12.4 Key Developments 134

13.12.5 SWOT Analysis 134

13.12.6 Key Strategy 134

14.1 Discussion Blue Print 136

TABLE 1 MARKET SYNOPSIS 17

TABLE 2 LIST OF ASSUMPTIONS 20

TABLE 3 PRIMARY INTERVIEWS 22

TABLE 4 GLOBAL VETERINARY IMAGING MARKET, BY

PRODUCT TYPE, 2015–2023 (USD MILLION) 40

TABLE 5 GLOBAL VETERINARY IMAGING INSTRUMENTS MARKET, BY REGION, 2015–2023 (USD MILLION) 41

TABLE 6 GLOBAL VETERINARY IMAGING INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 41

TABLE 7 GLOBAL VETERINARY IMAGING REAGENTS MARKET, BY REGION, 2015–2023 (USD MILLION) 42

TABLE 8 GLOBAL VETERINARY SOFTWARE MARKET, BY REGION, 2015–2023 (USD MILLION) 42

TABLE 9 GLOBAL VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 45

TABLE 10 GLOBAL SMALL COMPANION ANIMALS MARKET, BY REGION, 2015–2023 (USD MILLION) 45

TABLE 11 GLOBAL LARGE ANIMALS MARKET, BY REGION, 2015–2023 (USD MILLION) 45

TABLE 12 GLOBAL VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 48

TABLE 13 GLOBAL ORTHOPEDICS AND TRAUMATOLOGY MARKET, BY REGION, 2015–2023 (USD MILLION) 48

TABLE 14 GLOBAL CARDIOLOGY MARKET, BY REGION, 2015–2023 (USD MILLION) 48

TABLE 15 GLOBAL NEUROLOGY MARKET, BY REGION, 2015–2023 (USD MILLION) 49

TABLE 16 GLOBAL ONCOLOGY MARKET, BY REGION, 2015–2023 (USD MILLION) 49

TABLE 17 GLOBAL VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 52

TABLE 18 GLOBAL HOSPITALS & CLINICS MARKET, BY REGION, 2015–2023 (USD MILLION) 52

TABLE 19 GLOBAL ACADEMIC INSTITUTES BY REGION, 2015–2023 (USD MILLION) 52

TABLE 20 GLOBAL VETERINARY IMAGING MARKET, BY REGION, 2015–2023 (USD MILLION) 55

TABLE 21 AMERICAS VETERINARY IMAGING MARKET, BY REGION, 2015–2023 (USD MILLION) 56

TABLE 22 AMERICAS VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 57

TABLE 23 AMERICAS INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 57

TABLE 24 AMERICAS VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 57

TABLE 25 AMERICAS VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 58

TABLE 26 AMERICAS VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 58

TABLE 27 NORTH AMERICA VETERINARY IMAGING MARKET, BY COUNTRY, 2015–2023 (USD MILLION) 59

TABLE 28 NORTH AMERICA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 59

TABLE 29 NORTH AMERICA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 60

TABLE 30 NORTH AMERICA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 60

TABLE 31 NORTH AMERICA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 60

TABLE 32 NORTH AMERICA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 61

TABLE 33 U.S. VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 62

TABLE 34 U.S. INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 62

TABLE 35 U. S. VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 62

TABLE 36 U. S. VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 63

TABLE 37 U.S. VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 63

TABLE 38 CANADA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 64

TABLE 39 CANADA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 64

TABLE 40 CANADA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 64

TABLE 41 CANADA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 65

TABLE 42 CANADA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 65

TABLE 43 SOUTH AMERICA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 66

TABLE 44 SOUTH AMERICA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 66

TABLE 45 SOUTH AMERICA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 66

TABLE 46 SOUTH AMERICA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 67

TABLE 47 SOUTH AMERICA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 67

TABLE 48 EUROPE VETERINARY IMAGING MARKET, BY REGION, 2015–2023 (USD MILLION) 68

TABLE 49 EUROPE VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 69

TABLE 50 EUROPE INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 69

TABLE 51 EUROPE VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 69

TABLE 52 EUROPE VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 70

TABLE 53 EUROPE VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 70

TABLE 54 WESTERN EUROPE VETERINARY IMAGING MARKET, BY COUNTRY, 2015–2023 (USD MILLION) 71

TABLE 55 WESTERN EUROPE VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 71

TABLE 56 WESTERN EUROPE INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 72

TABLE 57 WESTERN EUROPE VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 72

TABLE 58 WESTERN EUROPE VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 72

TABLE 59 WESTERN EUROPE VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 73

TABLE 60 GERMANY VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 74

TABLE 61 GERMANY INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 74

TABLE 62 GERMANY VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 74

TABLE 63 GERMANY VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 75

TABLE 64 GERMANY VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 75

TABLE 65 FRANCE VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 76

TABLE 66 FRANCE INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 76

TABLE 67 FRANCE VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 76

TABLE 68 FRANCE VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 77

TABLE 69 FRANCE VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 77

TABLE 70 U.K VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 78

TABLE 71 U.K INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 78

TABLE 72 U.K VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 78

TABLE 73 U.K VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 79

TABLE 74 U.K VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 79

TABLE 75 ITALY VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 80

TABLE 76 ITALY INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 80

TABLE 77 ITALY VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 80

TABLE 78 ITALY VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 81

TABLE 79 ITALY VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 81

TABLE 80 SPAIN VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 82

TABLE 81 SPAIN INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 82

TABLE 82 SPAIN VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 82

TABLE 83 SPAIN VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 83

TABLE 84 SPAIN VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 83

TABLE 85 REST OF WESTERN EUROPE VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 84

TABLE 86 REST OF WESTERN EUROPE INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 84

TABLE 87 REST OF WESTERN EUROPE VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 84

TABLE 88 REST OF WESTERN EUROPE VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 85

TABLE 89 REST OF WESTERN EUROPE VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 85

TABLE 90 EASTERN EUROPE VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 86

TABLE 91 EASTERN EUROPE INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 86

TABLE 92 EASTERN EUROPE VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 86

TABLE 93 EASTERN EUROPE VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 87

TABLE 94 EASTERN EUROPE VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 87

TABLE 95 ASIA PACIFIC VETERINARY IMAGING MARKET, BY COUNTRY, 2015–2023 (USD MILLION) 88

TABLE 96 ASIA PACIFIC VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 89

TABLE 97 ASIA PACIFIC INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 89

TABLE 98 ASIA PACIFIC VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 89

TABLE 99 ASIA PACIFIC VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 90

TABLE 100 ASIA PACIFIC VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 90

TABLE 101 JAPAN VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 91

TABLE 102 JAPAN INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 91

TABLE 103 JAPAN VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 91

TABLE 104 JAPAN VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 92

TABLE 105 JAPAN VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 92

TABLE 106 CHINA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 93

TABLE 107 CHINA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 93

TABLE 108 CHINA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 93

TABLE 109 CHINA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 94

TABLE 110 CHINA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 94

TABLE 111 INDIA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 95

TABLE 112 INDIA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 95

TABLE 113 INDIA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 95

TABLE 114 INDIA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 96

TABLE 115 INDIA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 96

TABLE 116 AUSTRALIA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 97

TABLE 117 AUSTRALIA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 97

TABLE 118 AUSTRALIA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 97

TABLE 119 AUSTRALIA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 98

TABLE 120 AUSTRALIA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 98

TABLE 121 REPUBLIC OF KOREA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 99

TABLE 122 REPUBLIC OF KOREA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 99

TABLE 123 REPUBLIC OF KOREA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 99

TABLE 124 REPUBLIC OF KOREA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 100

TABLE 125 REPUBLIC OF KOREA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 100

TABLE 126 REST OF ASIA PACIFIC VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 101

TABLE 127 REST OF ASIA PACIFIC INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 101

TABLE 128 REST OF ASIA PACIFIC VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 101

TABLE 129 REST OF ASIA PACIFIC VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 102

TABLE 130 REST OF ASIA PACIFIC VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 102

TABLE 131 MIDDLE EAST & AFRICA VETERINARY IMAGING MARKET, BY REGION, 2015–2023 (USD MILLION) 103

TABLE 132 MIDDLE EAST & AFRICA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 103

TABLE 133 MIDDLE EAST & AFRICA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 104

TABLE 134 MIDDLE EAST & AFRICA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 104

TABLE 135 MIDDLE EAST & AFRICA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 104

TABLE 136 MIDDLE EAST & AFRICA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 105

TABLE 137 MIDDLE EAST VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 106

TABLE 138 MIDDLE EAST INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 106

TABLE 139 MIDDLE EAST VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 106

TABLE 140 MIDDLE EAST VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 107

TABLE 141 MIDDLE EAST VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 107

TABLE 142 AFRICA VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2015–2023 (USD MILLION) 108

TABLE 143 AFRICA INSTRUMENTS MARKET, BY TYPE, 2015–2023 (USD MILLION) 108

TABLE 144 AFRICA VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2015–2023 (USD MILLION) 108

TABLE 145 AFRICA VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2015–2023 (USD MILLION) 109

TABLE 146 AFRICA VETERINARY IMAGING MARKET, BY END-USER, 2015–2023 (USD MILLION) 109

FIGURE 1 GLOBAL VETERINARY IMAGING MARKET: MARKET STRUCTURE 20

FIGURE 2 RESEARCH PROCESS OF MRFR 22

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACH 25

FIGURE 4 MARKET DYNAMIC ANALYSIS OF THE GLOBAL VETERINARY IMAGING MARKET 27

FIGURE 5 DRIVERS IMPACT ANALYSIS: VETERINARY IMAGING MARKET 29

FIGURE 6 RESTRAINTS IMPACT ANALYSIS: VETERINARY IMAGING MARKET 30

FIGURE 7 VALUE CHAIN: GLOBAL VETERINARY IMAGING MARKET 33

FIGURE 8 PORTER’S FIVE FORCES MODEL: GLOBAL VETERINARY IMAGING MARKET 35

FIGURE 9 GLOBAL VETERINARY IMAGING MARKET, BY PRODUCT TYPE, 2017 & 2023 (USD MILLION) 39

FIGURE 10 GLOBAL VETERINARY IMAGING MARKET SHARE BY PRODUCT TYPE, 2017 (%) 40

FIGURE 11 GLOBAL VETERINARY IMAGING MARKET, BY ANIMAL TYPE, 2017 & 2023 (USD MILLION) 44

FIGURE 12 GLOBAL VETERINARY IMAGING MARKET SHARE BY ANIMAL TYPE, 2017 (%) 44

FIGURE 13 GLOBAL VETERINARY IMAGING MARKET, BY THERAPEUTIC AREA, 2017 & 2023 (USD MILLION) 47

FIGURE 14 GLOBAL VETERINARY IMAGING MARKET SHARE BY THERAPEUTIC AREA, 2017 (%) 47

FIGURE 15 GLOBAL VETERINARY IMAGING MARKET, BY END-USER, 2017 & 2023 (USD MILLION) 51

FIGURE 16 GLOBAL VETERINARY IMAGING MARKET SHARE BY END-USER, 2017 (%) 51

FIGURE 17 GLOBAL VETERINARY IMAGING MARKET, BY REGION, 2017 & 2023 (USD MILLION) 54

FIGURE 18 GLOBAL VETERINARY IMAGING MARKET SHARE BY REGION, 2017 (%) 55

FIGURE 19 AMERICAS VETERINARY IMAGING MARKET, BY REGION, 2017 (%) 56

FIGURE 20 NORTH AMERICA VETERINARY IMAGING MARKET, BY COUNTRY, 2017 (%) 59

FIGURE 21 EUROPE VETERINARY IMAGING MARKET, BY REGION, 2017 (%) 68

FIGURE 22 WESTERN EUROPE VETERINARY IMAGING MARKET, BY COUNTRY, 2017 (%) 71

FIGURE 23 ASIA PACIFIC VETERINARY IMAGING MARKET, BY COUNTRY, 2017 (%) 88

FIGURE 24 MIDDLE EAST & AFRICA VETERINARY IMAGING MARKET, BY COUNTRY, 2017 (%) 103

FIGURE 25 GLOBAL VETERINARY IMAGING MARKET: COMPANY SHARE ANALYSIS, 2016 (%) 111

 Report Infographic image

Global Veterinary Imaging Market: Competitive Landscape


Fujifilm Holding Corporation, Heska Corporation, Idexx Laboratories Inc., and Canon Inc. collectively accounted for more than 30% of the market share of the global veterinary imaging market in 2017. These companies continue to retain their strong global presence through collaborations, mergers & acquisitions, and product launches.


In 2017, Fujifilm Holding Corporation accounted for the largest market share of global veterinary imaging market, with around 9.9% of market share. The large share of the company is attributed to the presence of huge product portfolio and focus R&D facilities. The company is also focused on delivering integrated imaging solutions to large healthcare customers. In the last few years, the company has adopted the organic strategy of partnerships for developing the technology. For instance, in 2015, Fujifilm Healthcare and Anicom Holdings announced the partnership to establish a joint venture for developing veterinary technologies and services with a focus on regenerative medicine.


Heska Corporation held the second position in terms of market share, in 2017. The company engaged in manufacturing, selling, and marketing veterinary diagnostics and specialty products for the canine and feline market. It focuses on developing and distributing innovative products, which differentiate them from other players around the globe. For instance, in October 2017, Heska extended the product line by introducing the new element COAG veterinary analyzer.


Idexx Laboratories Inc acquired the third spot in the market. The company has strategies of diversifying, discovering, developing, and distributing imaging software solutions which make imaging an easy task for the clinicians as well as customers.


Canon Inc. holds the fourth place in the market owing to the strategy of product launch and acquisition. In April 2018, Canon announced an FDA approval for Aquilion Precision CT scan system, which helped the company in increasing its product market in the human and veterinary healthcare segment.


There are many other players present in the market such as, BCF Technology, Ltd, Esaote SpA, Medical Imaging / IMCO, Inc, Diagnostic Imaging System, Inc, Merry X-Ray, Hallmarq Veterinary Imaging Ltd, Carestream Health, General Electric and others that accounts around 69.8% of the global market share. The companies adopted the strategies product innovation and acquisitions to solidify their position in the market.