Pet Scanner Market Overview:
As per MRFR analysis, the Pet Scanner Market Size was estimated at 0.19 (USD Billion) in 2022. The Pet Scanner Market industry is expected to grow from 0.22 (USD Billion) in 2023 to 0.594 (USD Billion) by 2032. The Pet Scanner Market CAGR (growth rate) is expected to be around 11.95% during the forecast period (2024 - 2032).
Key Pet Scanner Market Trends Highlighted
The Pet Scanner Market is driven by the increasing prevalence of companion animals, rising awareness of pet health, and technological advancements in imaging devices. The growing demand for non-invasive and efficient diagnostic techniques for pets is fueling market growth.
Key market drivers include the increasing expenditure on pet healthcare, technological advancements, and the growing adoption of advanced veterinary diagnostic solutions. The rise of pet insurance and the increasing affordability of veterinary services further contribute to market expansion.
Recent trends in the Pet Scanner market include the adoption of advanced imaging technologies, such as computed tomography (CT) and magnetic resonance imaging (MRI), which offer more precise and detailed images. The integration of artificial intelligence (AI) in Pet Scanners is also gaining traction, enhancing diagnostic capabilities and providing automated analysis of images. The miniaturization of Pet Scanners and the development of portable devices further support the market's expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Pet Scanner Market Drivers
Growing Prevalence of Pet Ownership
The increasing popularity of pet ownership is a major driver of the global Pet Scanner market. As more and more people choose to bring pets into their homes, the demand for pet care products and services, including Pet Scanners, is growing. This trend is particularly evident in developed countries, where pet ownership rates are high and disposable incomes are increasing. In the United States, for example, the American Pet Products Association (APPA) estimates that there are over 90 million pet owners, who spend billions of dollars on their pets each year.
This spending includes a significant amount on pet healthcare, which is driving the demand for Pet Scanners.In addition to the growing number of pet owners, the aging pet population is also contributing to the demand for Pet Scanners. As pets age, they are more likely to develop health problems, which can require the use of a Pet Scanner for diagnosis and treatment. This is especially true for pets with cancer, which is a leading cause of death in pets.
Pet Scanners can be used to detect cancer early, which can lead to better outcomes for pets.The growing prevalence of pet ownership and the aging pet population are expected to continue to drive the growth of the Pet Scanner Market in the coming years. As more and more people choose to bring pets into their homes and as pets live longer, the demand for Pet Scanners will continue to increase.
Technological Advancements
The rapid pace of technological advancements is another major driver of the global Pet Scanner market. Pet Scanners are becoming increasingly sophisticated and affordable, which is making them more accessible to a wider range of pet owners. In the past, Pet Scanners were only available in veterinary clinics and hospitals. However, today, there are a number of portable and handheld Pet Scanners available on the market that can be used at home.
These technological advancements are making Pet Scanners more user-friendly and convenient, which is leading to increased adoption.In addition, the development of new and innovative applications for Pet Scanners is also driving growth in the market. For example, Pet Scanners can now be used to track pets' activity levels, sleep patterns, and even their emotional states.The ongoing development of new and innovative technologies is expected to continue to drive the growth of the Pet Scanner Market in the coming years. As Pet Scanners become more sophisticated and affordable, they will become increasingly accessible to a wider range of pet owners.
Rising Awareness of Pet Health
The rising awareness of pet health is another important driver of the global Pet Scanner market. Pet owners are becoming increasingly aware of the importance of preventive care for their pets. This is leading to an increase in the demand for pet health screenings, which can include the use of Pet Scanners.
Pet Scanners can be used to detect a variety of health problems in pets, including cancer, heart disease, and kidney disease. Early detection of these diseases can lead to better outcomes for pets.This is because early detection allows for early treatment, which can improve the chances of a successful recovery.
The rising awareness of pet health is expected to continue to drive the growth of the Pet Scanner Market in the coming years. As pet owners become more aware of the importance of preventive care, the demand for pet health screenings will continue to increase.
Pet Scanner Market Segment Insights:
Pet Scanner Market Technology Insights
The Pet Scanner Market exhibits promising growth prospects, driven by increasing pet ownership, rising awareness about pet health, and technological advancements. The market is segmented based on technology, including X-ray, Ultrasound, Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), and Endoscopy. X-ray technology holds a significant share of the market, owing to its affordability and widespread availability.
Ultrasound technology is gaining traction due to its non-invasive nature and real-time imaging capabilities. CT Scan technology provides detailed cross-sectional images, making it suitable for diagnosing complex conditions.MRI technology offers superior soft tissue visualization, aiding in precise diagnosis. The market growth is attributed to factors such as increasing pet adoption rates, growing disposable income, and advancements in veterinary medicine. Emerging markets, such as Asia-Pacific and Latin America, are expected to witness substantial growth due to rising pet ownership and increasing awareness about pet healthcare. Technological innovations, such as portable and handheld scanners, are further expected to drive market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Pet Scanner Market Application Insights
The Application segment of the Pet Scanner Market is categorized into Diagnosis, Treatment Planning, Surgery Guidance, Monitoring, and Research. Diagnosis is the largest application, accounting for over 35% of the market revenue in 2023. This is due to the increasing prevalence of chronic diseases in pets, such as cancer and heart disease. Treatment Planning is another significant application, with a market share of over 25%. This is driven by the growing adoption of advanced imaging techniques for precise treatment planning. Surgery Guidance is a rapidly growing application, with a market share of over 20%.
This growth is attributed to the increasing use of minimally invasive surgical procedures, which require accurate imaging for guidance. Monitoring is a stable application, with a market share of over 15%. This is due to the need for regular monitoring of pets' health, especially for those with chronic conditions. Research is a niche application, with a market share of less than 5%. However, this application is expected to grow in the future, as the demand for advanced imaging techniques for veterinary research increases.
Pet Scanner Market Animal Type Insights
The Pet Scanner Market is segmented by animal type, with major segments including dogs, cats, horses, birds, and exotics. Among these segments, dogs and cats are expected to hold the largest revenue share in the coming years. This is primarily due to the higher prevalence of pet ownership and the growing awareness of pet health and well-being among dog and cat owners. In 2023, the market for Pet Scanners for dogs is projected to reach USD 0.125 billion, while the market for Pet Scanners for cats is estimated to be worth USD 0.078 billion.The growth of these segments is driven by factors such as increasing pet adoption rates, rising disposable income, and technological advancements in pet healthcare.
Pet Scanner Market End-User Insights
The Pet Scanner Market segmentation by End-User includes Veterinary Hospitals and Clinics, Diagnostic Imaging Centers, Animal Research Institutes, and Pet Owners. Veterinary Hospitals and Clinics held the largest market share in 2023, and it is expected to continue to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing number of pet adoptions and the rising prevalence of pet diseases. Diagnostic Imaging Centers are expected to witness the fastest growth during the forecast period, owing to the increasing demand for advanced diagnostic imaging services for pets.Animal Research Institutes are also expected to contribute to the growth of the market, as they use Pet Scanners for research purposes. Pet Owners are expected to account for a significant share of the market, as the demand for Pet Scanners for home use is increasing. The Pet Scanner Market revenue is expected to reach USD 0.24 billion in 2024, growing at a CAGR of 12.1% from 2023 to 2032.
Pet Scanner Market Regional Insights
The Pet Scanner Market revenue is segmented into various regions such as North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share due to the increasing adoption of pets and the growing awareness of pet health. Europe is another major market for Pet Scanners, followed by APAC. The APAC region is expected to witness significant growth in the coming years due to the rising disposable income and the increasing pet population in countries such as China and India. South America and MEA are also expected to show steady growth in the Pet Scanner market.The Pet Scanner Market is driven by factors such as the increasing demand for pet healthcare, the growing adoption of pets, and the technological advancements in pet scanning devices. The market is also expected to benefit from the increasing awareness of pet health and the rising disposable income of pet owners.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Pet Scanner Market Key Players And Competitive Insights:
Major players in Pet Scanner Market are continuously striving to gain a competitive edge by investing heavily in research and development. Leading Pet Scanner Market players are focusing on developing advanced imaging technologies, such as computed tomography (CT) and magnetic resonance imaging (MRI), to provide more accurate and detailed diagnostic images. Additionally, Pet Scanner Market participants are actively involved in strategic partnerships and collaborations to expand their product offerings and geographic reach. The competitive landscape is expected to remain dynamic, with new entrants and existing players vying for market share.
A leading company in the Pet Scanner Market is Vetoquinol SA. The company offers a range of Pet Scanners, including CT and MRI scanners, that are used for diagnostic imaging in veterinary clinics and hospitals. Vetoquinol SA has a strong global presence and a wide distribution network, which enables it to reach a large customer base. The company also invests heavily in research and development, which has resulted in the development of innovative imaging technologies. Vetoquinol SA is committed to providing high-quality Pet Scanners that meet the needs of veterinary professionals.
A competitor company in the Pet Scanner Market is IMV imaging. IMV imaging offers a comprehensive portfolio of Pet Scanners, including CT, MRI, and ultrasound scanners. The company has a strong focus on research and development, which has led to the development of cutting-edge imaging technologies. IMV imaging is committed to providing innovative and reliable Pet Scanners that meet the needs of veterinary professionals. The company has a global presence and a wide distribution network, which enables it to reach a large customer base. IMV imaging is a strong competitor in the Pet Scanner Market.
Key Companies in the Pet Scanner Market Include:
- Hitachi Healthcare
- GE Healthcare
- Sonoscape Healthcare
- Samsung
- Siemens Healthineers
- Shimadzu
- Digisonic
- Mindray
- Fujifilm
- Philips
- Alpinion Medical System
- Apogee Imaging Systems
- IMV Imaging
- Esaote
Pet Scanner Market Developments
The Pet Scanner Market is expected to reach USD 0.594 billion by 2032, exhibiting a CAGR of 11.95% during the forecast period (2024-2032). Increasing pet adoption rates, growing awareness about pet health and well-being, and technological advancements in veterinary diagnostics are driving market growth.
Key developments include the launch of advanced Pet Scanners with enhanced imaging capabilities, such as the GE Healthcare Revolution CT and the Siemens Healthineers Somatom Definition AS+. Furthermore, strategic collaborations between market players and veterinary clinics are expanding the accessibility and affordability of pet scanning services.
Pet Scanner Market Segmentation Insights
- Pet Scanner Market Technology Outlook
- X-ray
- Ultrasound
- Computed Tomography (CT) Scan
- Magnetic Resonance Imaging (MRI)
- Endoscopy
- Pet Scanner Market Application Outlook
- Diagnosis
- Treatment Planning
- Surgery Guidance
- Monitoring
- Research
- Pet Scanner Market Animal Type Outlook
- Dogs
- Cats
- Horses
- Birds
- Exotics
- Pet Scanner Market End-User Outlook
- Veterinary Hospitals and Clinics
- Diagnostic Imaging Centers
- Animal Research Institutes
- Pet Owners
- Pet Scanner Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
0.19(USD Billion) |
| Market Size 2023 |
0.22(USD Billion) |
| Market Size 2032 |
0.594(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
11.95% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Hitachi Healthcare, GE Healthcare, Sonoscape Healthcare, Samsung, Siemens Healthineers, Shimadzu, Digisonic, Mindray, Fujifilm, Philips, Alpinion Medical System, Apogee Imaging Systems, IMV Imaging, Esaote |
| Segments Covered |
Technology, Application, Animal Type, End-User, Regional |
| Key Market Opportunities |
Increasing pet adoption Rising healthcare expenditure for pets Technological advancements Growing awareness of pet health Expanding veterinary infrastructure |
| Key Market Dynamics |
Rising pet ownership Increasing adoption of advanced technologies Growing awareness of pet health and wellbeing Technological advancements in scanning equipment Expanding veterinary infrastructure |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Pet Scanner Market is expected to reach USD 0.594 billion by 2032, exhibiting a CAGR of 11.95% during the forecast period (2023-2032).
North America is projected to account for the largest market share due to the increasing pet ownership rates, rising disposable income, and technological advancements in the region.
Rising pet ownership, growing awareness of pet health and well-being, technological advancements, and increasing government initiatives to promote animal welfare are the primary growth drivers.
The veterinary clinics segment is anticipated to hold the largest market share owing to the increasing number of pet visits and the need for accurate diagnostic tools.
Major players in the market include Fujifilm, IDEXX Laboratories, Heska Corporation, Sound Technologies, and Vetoquinol SA.
The Pet Scanner Market is anticipated to expand at a CAGR of 11.95% from 2023 to 2032.
Advancements in imaging technology, the integration of AI and IoT, and the growing adoption of portable and handheld scanners are key trends shaping the market.
The Asia-Pacific region is projected to exhibit the highest growth rate due to rising pet ownership, increasing disposable income, and government initiatives to improve animal healthcare.
High equipment costs, the availability of alternative diagnostic methods, and the lack of skilled professionals are key challenges faced by the market.
The Pet Scanner Market was valued at USD 0.22 billion in 2023.
