Global Veterinary MRI Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

MRI Systems, Imaging Software, and Others.

By Application;

Cardiology, Oncology, Neurology, Orthopedics and Other Applications.

By Animal Type;

Small Animals and Large Animals.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn107198260 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Veterinary MRI Market (USD Million), 2021 - 2031

In the year 2024, the Global Veterinary MRI Market was valued at USD 161.12 million. The size of this market is expected to increase to USD 249.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

The global veterinary MRI (Magnetic Resonance Imaging) market is experiencing significant growth driven by advancements in veterinary diagnostics and increasing pet ownership worldwide. MRI technology plays a crucial role in veterinary medicine by providing detailed images of soft tissues, bones, and organs without the use of ionizing radiation, making it particularly valuable for diagnosing complex conditions in animals. The expanding awareness among pet owners regarding advanced medical treatments for their pets, coupled with the rising prevalence of chronic diseases in animals, is further boosting the demand for veterinary MRI services.

Technological advancements in MRI systems, such as improved imaging resolution, faster scanning times, and enhanced patient comfort, are also contributing to the market's expansion. Veterinary clinics and hospitals are increasingly investing in MRI equipment to offer comprehensive diagnostic services, driving competition among manufacturers to innovate and improve their offerings. Moreover, supportive government initiatives and investments in animal healthcare infrastructure in various regions are expected to fuel market growth over the forecast period.

Challenges such as high costs associated with MRI equipment and the need for specialized training for veterinarians to interpret MRI results remain significant barriers. Despite these challenges, the veterinary MRI market is poised for continued growth as technological advancements and increasing healthcare expenditures for pets drive the adoption of advanced diagnostic tools in veterinary practices globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Animal Type
    4. Market Snapshot, By Region
  4. Global Veterinary MRI Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Veterinary Imaging Technology
        2. Increasing Pet Ownership Rates
        3. Growing Focus on Animal Health
      2. Restraints
        1. High Cost of MRI Equipment
        2. Limited Access to Veterinary MRI Services
        3. Regulatory Challenges
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Rising Demand for Advanced Veterinary Care
        3. Technological Innovations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Veterinary MRI Market, By Product Type, 2021 - 2031 (USD Million)
      1. MRI Systems
      2. Imaging Software
      3. Others
    2. Global Veterinary MRI Market, By Application, 2021 - 2031 (USD Million)
      1. cardiology
      2. Oncology
      3. Neurology
      4. Orthopedics
      5. Other Applications
  6. Global Veterinary MRI Market, By Animal Type, 2021 - 2031 (USD Million)
    1. Small Animals
    2. Large Animals
  7. Global Veterinary MRI Market, By Geography, 2021 - 2031 (USD Million)
    1. North America
      1. United States
      2. Canada
    2. Europe
      1. Germany
      2. United Kingdom
      3. France
      4. Italy
      5. Spain
      6. Nordic
      7. Benelux
      8. Rest of Europe
    3. Asia Pacific
      1. Japan
      2. China
      3. India
      4. Australia & New Zealand
      5. South Korea
      6. ASEAN (Association of South East Asian Countries)
      7. Rest of Asia Pacific
    4. Middle East & Africa
      1. GCC
      2. Israel
      3. South Africa
      4. Rest of Middle East & Africa
    5. Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
  8. Competitive Landscape
    1. Company Profiles
      1. Esaote SpA
      2. Hallmarq Veterinary Imaging Inc.
      3. Imotek International Ltd
      4. Universal Medical Systems Inc.
      5. Bruker Corporation
      6. MR solutions
      7. Burgess Diagnostics Ltd
      8. Shenzhen Mindray Bio-Medical Electronics Co.
      9. Mediso Ltd
  9. Analyst Views
  10. Future Outlook of the Market