Market Snapshot:
The market for veterinary MRI is predicted to develop throughout the forecast period, owing to expanding veterinary healthcare awareness and pet ownership, as well as rising veterinary health spending. Magnetic resonance imaging (MRI) is a radiological imaging technology that produces images of the anatomy and physiological processes of the body in both health and sickness. Pet adoption is on the rise, as is animal healthcare spending per capita. Furthermore, the rise in the occurrence of numerous animal diseases and injuries has been cited as a major driver of market expansion.
Highlights from Veterinary MRI Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Esaote SpA (Italy), Hallmarq Veterinary Imaging Inc. (United States), Imotek International Ltd (United Kingdom), Universal Medical Systems Inc. (United States), Bruker Corporation (United States), MR solutions (United Kingdom) and Burgess Diagnostics Ltd (United Kingdom). Additionally, other players that are part of this comprehensive study are Shenzhen Mindray Bio-Medical Electronics Co. (China) and Mediso Ltd (Hungary).
Geographic Breakdown and Segment Analysis
The Global Veterinary MRI market presents a comprehensive analysis of the Veterinary MRI market by product type (MRI Systems, Imaging Software and Others), by end-user/application (Cardiology, Oncology, Neurology, Orthopedics and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Veterinary MRI industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Veterinary MRI market
Analyst at AMA have segmented the market study of Global Veterinary MRI market by Type, Application and Region.
Influencing Trend:
Increased Research for the New Technology
Market Growth Drivers:
Increased Pet Ownership and Initiatives for Animal Health and Technological Advancements in Veterinary Imaging
Challenges:
Lack of Skilled Veterinarians
Restraints:
High Cost of MRI Systems
Opportunities:
Rising Demand for Pet Insurance and Growing Animal Health Expenditure
Market Developments Activities:
In May 2023, L’Aigle, France- IMV Technologies is delighted to announce the acquisition of Veterinary Solutions, a leading developer of veterinary digital radiography X-Ray (DR X-Ray) systems and veterinary patient archiving and communication system (PACS) software, based in Belgium.
In April 2023,Hallmarq Veterinary Imaging has launched a new zero-helium MRI system.The small animal 1.5T MRI is the world’s first veterinary-specific machine that does not rely on helium to cool the MRI magnet coils.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Veterinary MRI Services Provider, Venture Capitalists and Private Equity Firms and End-Use Industry