With the emergence and long-term Impact of COVID-19, Global Veterinary MRI Market to reach USD 364 Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Veterinary MRI Market points towards a potential rise to USD 364 Million by 2030. Veterinary MRI, stands forMagnetic Resonance Imaging, is a diagnostic imaging technique used in the field of veterinary medicine. It utilizes powerful magnets and radio waves to generate detailed images of the internal structures and organs of animals.
Veterinary MRI enables veterinarians to visualize and diagnose a wide range of health conditions in animals, including neurological disorders, musculoskeletal injuries, and tumors. It plays a crucial role in providing accurate and non-invasive diagnostic information for the effective treatment and care of animals. The Veterinary MRI Market is driven by several key factors such as the increasing prevalence of complex and chronic diseases in companion animals as well as the growing demand for advanced diagnostic imaging techniques.
Geographically, the global Veterinary MRI market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022. This can be attributed to the presence of advanced veterinary healthcare facilities, the increasing trend of pet humanization, and the upward trajectory of pet expenditures. Asia Pacific is expected to be the fastest growing region during the forecast period, this growth is attributed to several factors, including the steadily increasing pet population in the region, growing awareness about pet health and wellbeing, improved access to veterinary care services, and the presence of local companies catering to the specific needs of the market.
The global Veterinary MRI market is highly competitive owing to the presence of several key players such as Esaote SPA General Electric Company Siemens Healthineers Hallmarq Veterinary Imaging Shenzhen Anke High-tech Co., Ltd. Time Medical Systems IDEXX Laboratories, Inc. Shenzhen Basda Medical Apparatus Co., Ltd Willows Veterinary Centre and Referral Service North West MRI, and others.
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Key findings of the study suggest:
- Global Veterinary MRI Market is anticipated to grow with a healthy growth rate of more than 7.38% over the forecast period 2023-2030.
- In the Solutions segment, MRI Scanner emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing trend of pet humanization, and the upward trajectory of pet expenditures.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Solutions:
- MRI Scanner
- Software & Services
- Accessories/ Consumables
By Animal Type:
- Small Animals
- Large Animals
By End-use:
- Veterinary Hospitals
- Veterinary Clinics
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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