The veterinary computed tomography scanner market is currently valued at US$ 173.7 million in 2022 growing at a steady CAGR of 6.8% through 2033. The market is anticipated to cross the revenue value of US$ 355.3 million by 2033.
Emerging trends in the veterinary computed tomography scanner market suggest that the growing demand for pet care and the growing critical diseases amongst animals are the factors that propel the sales of veterinary computed tomography scanners. An animal CT scan involves a thin cross-section of the head that is known as a tomographic slice. This is examined through a straight ray beam that penetrates more than the radiology and ultrasound tests.
Attribute | Details |
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Veterinary Computed Tomography Scanner Market Value (2023) | US$ 184.2 million |
Veterinary Computed Tomography Scanner Market Anticipated Value (2033) | US$ 355.3 million |
Veterinary Computed Tomography Scanner Market Projected Growth Rate (2023 to 2033) | 6.8% |
The veterinary computed tomography scanner industry size is likely to witness significant growth owing to factors such as an increased number of CT scans, raising awareness about pet care along with the rising number of veterinary clinics. The demand for veterinary computed tomography scanner is anticipated to grow as vet practitioners prefer it for better diagnostics. The CT scanners that come with different ray intensity modules are also gaining traction in the market.
However, the high cost of veterinary CT scanner has hindered the growth of veterinary computed tomography scanner industry. COVID-19 and its implications slowed the market performance in the historical period. Each CT slice is formatted from multiple x-ray exposures captured as the scan completes a 360-degree rotation. It is important for doctors to know the veterinary CT interpretation, and indications for CT imaging so this modality can be incorporated into a case when financially feasible. As a result, this factor is likely to fuel the sales of veterinary computed tomography scanners.
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The veterinary computed tomography scanner industry is expected to mark a significant growth in the coming few years due to increasing awareness about injuries to small companion animals and large animal populations. In addition to this, the growing demand for pet insurance with growing animal health expenditure, and rising number of veterinary practitioners who require veterinary CT scanners to understand the anatomy of the animals tend to propel the demand for veterinary computed tomography scanner.
The global market for veterinary computed tomography scanner industry is expected to witness high growth over the forecast period due to increasing incidences of respiratory, neurological diseases in animals. Innovations, advancements in veterinary CT scanners, and robust recommendations about the significance of veterinary CT scanners, by healthcare bodies, are the other factors that are propelling the sales of veterinary computed tomography scanners.
Furthermore, high growth opportunities for companies who are engaged in the development and marketing of veterinary CT scanner due to large patient pool. Rising inclination toward adoption and petting of animals are also an indirect growth factor for this market. Non-Government Organizations (NGOs) such as PETA also emphasize veterinary hospitals adopting advanced veterinary CT scanners.
The major factor limiting the growth is the high cost of veterinary computed tomography scanners, which are all deemed to be in high-cost management. For examining the high-cost management of the restraints, it appears that the majority of veterinary offices are modest in size and operate under stringent financial restrictions. In addition, the delay in paying for the operations has gotten worse. This frequently acts as a barrier to the adoption of veterinary computed tomography scanners by qualified practitioners.
Region | North America |
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Market Share % (2022) | 34.7% |
North America dominates the global veterinary computed tomography scanner industry due to the rise in healthcare expenditure, and increasing demand for veterinary computed tomography scanners by the end users. The North America market holds a significant share of 34.7% in the veterinary computed tomography scanner industry. The region-specific demand is rising as more and more people in countries like United States and Canada adopt pets and treat them with care.
Region | Europe |
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Market Share % (2022) | 30.1% |
With a share of 30.1%, the European veterinary computed tomography scanner industry is growing at a steady CAGR. The Europe veterinary computed tomography scanner industry share is expected to be one of the fastest growing markets due to a large number of animal populations and the increasing number of NGOs who work for animal welfare. Home pet care units in areas that also deal with the diagnosis procedures of diseases for these animals also propel the sales of veterinary computed tomography scanner in the region.
Startups in the veterinary computed tomography scanner industry are actively putting their efforts to integrate multiple services at a single place. The integrated pet care programs include the improvement of veterinary practices along with the availability of a one-stop shop for everything, from pet care to emergency medical services like diagnosis procedures and operations. These procedures include veterinary computed tomography scanning and Animal CT scans.
However, the high manufacturing cost is making it hard for startup owners to invest capital into the business. The increasing sales of veterinary computed tomography scanners aid the overall animal healthcare industry with new developments.
For example, Nestlé purchased a minority position in Independent Vetcare Group, a European veterinary services business, in April 2019. (IVC). Purina Pet Services, a branch of Nestlé Purina, has also worked with IVC to exchange knowledge and expertise in pet health, nutrition, and scientific innovation, as well as to provide IVC with access to Nestlé Purina goods to assist its veterinarian care.
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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
Attribute | Details |
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Growth Rate | CAGR of 6.8% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
The veterinary computed tomography scanner market touches a valuation of US$ 184.2 million in 2023.
The veterinary computed tomography scanner market is set to achieve a 6.8% CAGR during the forecast period, surpassing US$ 355.3 million by 2033.
Given its increasing pet ownership and rising awareness about animal health, North America leads in veterinary computed tomography scanner adoption.
Demand for veterinary CT scanners stems from a surge in animal rehabilitation and the increasing integration of imaging in veterinary practices.
Challenges include cost sensitivity, regulatory compliance, and adapting to evolving imaging technology in the veterinary CT scanner market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033 5.3.1. Portable CT Scanners 5.3.2. Stationary Multi-Slice CT Scanners 5.3.3. Mid-End CT Scanners 5.3.4. High-End CT Scanners 5.3.5. Low-End CT Scanners 5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Animal Group 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Animal Group, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Animal Group, 2023 to 2033 6.3.1. Large Animals (Horses, Cattles) 6.3.2. Small Animals (Cats, Dogs, Etc.) 6.3.3. Others 6.4. Y-o-Y Growth Trend Analysis By Animal Group, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Animal Group, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis by Application, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Application, 2023 to 2033 7.3.1. Neurology 7.3.2. Oncology 7.3.3. Orthopedics and Traumatology 7.3.4. Other Applications 7.4. Y-o-Y Growth Trend Analysis by Application, 2018 to 2022 7.5. Absolute $ Opportunity Analysis by Application, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By End User, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2023 to 2033 8.3.1. Veterinary Hospitals and Clinics 8.3.2. Academic Institutes and Teaching Hospitals 8.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. The USA 10.2.1.2. Canada 10.2.2. By Type 10.2.3. By Animal Group 10.2.4. By Application 10.2.5. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Animal Group 10.3.4. By Application 10.3.5. By End User 10.4. Key Takeaways 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Type 11.2.3. By Animal Group 11.2.4. By Application 11.2.5. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Animal Group 11.3.4. By Application 11.3.5. By End User 11.4. Key Takeaways 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Type 12.2.3. By Animal Group 12.2.4. By Application 12.2.5. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Animal Group 12.3.4. By Application 12.3.5. By End User 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Type 13.2.3. By Animal Group 13.2.4. By Application 13.2.5. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Animal Group 13.3.4. By Application 13.3.5. By End User 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Type 14.2.3. By Animal Group 14.2.4. By Application 14.2.5. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Animal Group 14.3.4. By Application 14.3.5. By End User 14.4. Key Takeaways 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Type 15.2.3. By Animal Group 15.2.4. By Application 15.2.5. By End User 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Type 15.3.3. By Animal Group 15.3.4. By Application 15.3.5. By End User 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Type 16.2.3. By Animal Group 16.2.4. By Application 16.2.5. By End User 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Type 16.3.3. By Animal Group 16.3.4. By Application 16.3.5. By End User 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2022 17.1.2.1. By Type 17.1.2.2. By Animal Group 17.1.2.3. By Application 17.1.2.4. By End User 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2022 17.2.2.1. By Type 17.2.2.2. By Animal Group 17.2.2.3. By Application 17.2.2.4. By End User 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2022 17.3.2.1. By Type 17.3.2.2. By Animal Group 17.3.2.3. By Application 17.3.2.4. By End User 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2022 17.4.2.1. By Type 17.4.2.2. By Animal Group 17.4.2.3. By Application 17.4.2.4. By End User 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2022 17.5.2.1. By Type 17.5.2.2. By Animal Group 17.5.2.3. By Application 17.5.2.4. By End User 17.6. United Kingdom 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2022 17.6.2.1. By Type 17.6.2.2. By Animal Group 17.6.2.3. By Application 17.6.2.4. By End User 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2022 17.7.2.1. By Type 17.7.2.2. By Animal Group 17.7.2.3. By Application 17.7.2.4. By End User 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2022 17.8.2.1. By Type 17.8.2.2. By Animal Group 17.8.2.3. By Application 17.8.2.4. By End User 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2022 17.9.2.1. By Type 17.9.2.2. By Animal Group 17.9.2.3. By Application 17.9.2.4. By End User 17.10. Poland 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2022 17.10.2.1. By Type 17.10.2.2. By Animal Group 17.10.2.3. By Application 17.10.2.4. By End User 17.11. Russia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2022 17.11.2.1. By Type 17.11.2.2. By Animal Group 17.11.2.3. By Application 17.11.2.4. By End User 17.12. Czech Republic 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2022 17.12.2.1. By Type 17.12.2.2. By Animal Group 17.12.2.3. By Application 17.12.2.4. By End User 17.13. Romania 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2022 17.13.2.1. By Type 17.13.2.2. By Animal Group 17.13.2.3. By Application 17.13.2.4. By End User 17.14. India 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2022 17.14.2.1. By Type 17.14.2.2. By Animal Group 17.14.2.3. By Application 17.14.2.4. By End User 17.15. Bangladesh 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2022 17.15.2.1. By Type 17.15.2.2. By Animal Group 17.15.2.3. By Application 17.15.2.4. By End User 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2022 17.16.2.1. By Type 17.16.2.2. By Animal Group 17.16.2.3. By Application 17.16.2.4. By End User 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2022 17.17.2.1. By Type 17.17.2.2. By Animal Group 17.17.2.3. By Application 17.17.2.4. By End User 17.18. China 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2022 17.18.2.1. By Type 17.18.2.2. By Animal Group 17.18.2.3. By Application 17.18.2.4. By End User 17.19. Japan 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2022 17.19.2.1. By Type 17.19.2.2. By Animal Group 17.19.2.3. By Application 17.19.2.4. By End User 17.20. South Korea 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2022 17.20.2.1. By Type 17.20.2.2. By Animal Group 17.20.2.3. By Application 17.20.2.4. By End User 17.21. GCC Countries 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2022 17.21.2.1. By Type 17.21.2.2. By Animal Group 17.21.2.3. By Application 17.21.2.4. By End User 17.22. South Africa 17.22.1. Pricing Analysis 17.22.2. Market Share Analysis, 2022 17.22.2.1. By Type 17.22.2.2. By Animal Group 17.22.2.3. By Application 17.22.2.4. By End User 17.23. Israel 17.23.1. Pricing Analysis 17.23.2. Market Share Analysis, 2022 17.23.2.1. By Type 17.23.2.2. By Animal Group 17.23.2.3. By Application 17.23.2.4. By End User 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Type 18.3.3. By Animal Group 18.3.4. By Application 18.3.5. By End User 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. GE Healthcare 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.2. Toshiba Medical Systems Corporation 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.3. Siemens AG 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.4. Koninklijke Philips N.V 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.5. Epica Medical Innovations 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.6. Samsung Electronics Co. Ltd. (Neurologica Corporation) 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.7. Hitachi, Ltd. 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.8. Animage, LLC 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.9. QR S.R.L. 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.10. Gin ApS 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
Healthcare
January 2022
REP-GB-1333
January 2023
333 pages
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