Global Veterinary Computed Tomography Scanners Market Set to Surge, Projected to Reach US$355.3 Million by 2033 with a 6.8% CAGR

Veterinary Computed Tomography Scanners Market
Global Veterinary Computed Tomography Scanners Market

The global veterinary computed tomography scanners market is expected to reach a value of US$355.3 million by 2033, based on estimates exhibiting a consistent growth trajectory. With a robust Compound Annual Growth Rate (CAGR) of 6.8%, this significant increase from its market value of US$184.2 million in 2022 is indicative of growth.

Advanced imaging tools called veterinary CT scanners are used by vets to get precise cross-sectional images of animals for diagnostic purposes. These scanners are essential to veterinary medicine because they allow doctors to see inside anatomical structures, spot anomalies, and precisely plan treatments.

Veterinary CT scanners are essential for animal diagnostic imaging because they offer precise cross-sectional pictures of interior organs, which help with a variety of medical disorders’ diagnosis and treatment. Veterinarians may now precisely and accurately plan surgical treatments, evaluate injuries, and visualize anatomical abnormalities thanks to these modern imaging equipment.

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The veterinary CT scanner market is expected to increase globally, and this growth can be attributable to numerous important aspects. The demand for cutting-edge imaging technology is being driven by the rising rates of pet ownership, the increasing occurrence of diseases and injuries in companion animals, and the growing emphasis on sophisticated veterinary care. Furthermore, the diagnostic potential and clinical usefulness of CT scanners are being improved by technological developments in the design, such as higher picture resolution, quicker scan times, and better software capabilities.

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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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