The global veterinary computed tomography (CT) scanner market is set to witness substantial growth, with a projected CAGR of 7.52% during the forecast period from 2024 to 2034.

This is according to the recent report “Global Veterinary Computed Tomography Scanner Market Analysis & Forecast to 2024-2034,” added to ResearchAndMarkets.com’s offerings.

Technological Advancements Fuel Growth

The market size was estimated at USD 187.94 million in 2023, and it is anticipated to reach USD 417.27 million by 2033. Key factors driving this growth include increasing awareness of veterinary health, a surge in pet care demand, a rise in the prevalence of animal diseases and injuries, technological advancements, and a growing number of veterinary clinics.

The rise in technologically advanced product launches for treating animal diseases is expected to be a significant driver for market growth during the forecast period. JPI Healthcare Solutions, for instance, introduced two innovative integrated imaging systems for veterinary use in 2023, including a Cone Beam Computed Tomography (CBCT) system and a Fluoroscopy system.

Segment Analysis:

  • Product: Stationary multi-slice CT scanners dominated the market in 2023, driven by increasing prevalence in oncology and technological advancements. Portable CT scanners are expected to witness the fastest growth, especially in the diagnosis of thoracic, abdominal, intracranial, extracranial, skeleton, and spine abnormalities.
  • Animal: Livestock animals accounted for the highest revenue in 2023, primarily due to increasing research and development activities. However, the companion animal segment is predicted to grow at the fastest CAGR, driven by the growing adoption of pets such as dogs and cats, rising prevalence of zoonotic diseases, and increased awareness regarding animal health.
  • Application: Orthopaedics and traumatology led the market in 2023, attributed to rising injuries among animals. Oncology is expected to grow at the fastest CAGR during the forecast period, driven by the increasing prevalence of cancer in livestock and companion animals.
  • End-User: Veterinary hospitals held the highest revenue in 2023, reflecting a focus on the development of new technologies and rising technological advancements.

The full report is available here.