Veterinary CT Imaging Market Growth & Trends
The global veterinary CT imaging market size is expected to reach USD 640.9 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.03% from 2023 to 2030. The key factors driving the market growth include the growing adoption of pets, an increasing number of veterinary clinics in developing countries with improved infrastructure, advancing veterinary imaging technologies, and emerging diagnostic centers for veterinary practices.
One of the major drivers propelling the market growth for veterinary CT imaging is increasing access to computed tomography among general veterinary practitioners.The ability to produce 3D reconstructions is crucial for this wide acceptance of CT in veterinary medicine since it helps surgeons and other medical professionals to detect the target site before the treatment and serves as a useful teaching tool for complex anatomy and physiology. Although there is still much research to be done regarding the use of CT scanners in veterinary medicine, recent clinic advancements have focused on using technology coupled with movement-restricting devices to create CT scan images without having to put a patient to sleep, thereby lowering the morbidity rates related to general anesthesia.
Diagnostic imaging modalities play a vital role in veterinary diagnosis and treatment. The recent advancements in the veterinary industry and imaging technologies over the past decade have aided veterinarians in precisely diagnosing several complicated diseases with ease. The high-resolution anatomical images developed by CT equipment help evaluate the pet’s internal anatomy with more accuracy than standard radiography. Recently, CT scans are widely performed in combination with a contrast reagent that must be given intravenously before imaging. This allows veterinarians to visualize the sites with increased blood flow or clots accurately.
Moreover, comparing other imaging modalities, CT imaging is considered rapid, which allows quick diagnosis without the requirement of long-period anesthesia. For instance, multi-slice CT machines scan and acquire nearly 620 images (cross-sectional) at once. With this flexibility and greater speed, the multi-slice CT scanners from eight to 64 slices are now being widely installed in several general and referral veterinary practices.
In addition, CT systems are gaining traction in academic and private equine practices to evaluate skull diseases. Most of the CT scans performed on large patients are still done on anesthetized animals. The standing CT systems that are under development, allow the sedated horses to be placed in a restraining position for easy & convenient diagnosis. Although the method is quite limited and expensive, veterinarians believe that the results and value of diagnostic information obtained using such technology are worth it.
According to MSD Veterinary, there are no CT scanners currently available to scan the thorax or abdomen of horses, unveiling opportunities for market players. The launch of such specific CT systems will rapidly become the choice of imaging modality in horses in no time. Moreover, this imaging modality seems to be replacing conventional radiography in evaluating a few diseases and structures. For instance, CT images scanned for the skull region of any animal are far more informative than traditional radiographs, with vastly simplified & accurate results.
The utilization of computed tomography in veterinary medicine is not just applied for diagnosis and treatment, but also used in understanding the areas such as surgical advancements, drug delivery research, and education purposes globally. More developments are being studied in computed tomography for using it as a standalone diagnostic tool in veterinary medicine. Although ECG is frequently used for cardio diseases in animals, CT is widely preferred in cardiovascular clinical and research settings.
New advanced studies such as in-vivo CT scanning is rapidly growing, where SPECT (single photon emission computed tomography) with radiolabeled tracer has shown that such techniques work better in animals following human application. With the increasing acceptance of this sophisticated equipment with associated reagents and software solutions, the veterinary CT imaging market presents a dynamic and ever-growing field in the veterinary industry.
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Veterinary CT Imaging Market Report Highlights
The veterinary CT Imaging market was valued at USD 373.03 Million in 2022. It is further projected to attain a CAGR of 7.03% during the forecast period.
The equipment segment is expected to dominate the market by solutions with the highest revenue share of over 45% in 2022. Several veterinary practices are now installing multi-slice CT scanners to diagnose animals of all sizes and shapes, owing to its rapid scanning process.
The small animal segment dominated the market by animal type in 2022 and generated the largest revenue share of over 55%. Growing pet adoption and ownership rates in developed countries have simultaneously increased the willingness of people to spend more on their pet’s healthcare.
The orthopedic & traumatology segment dominated the market by application in 2022 and generated the largest revenue share of over 30%. In cases of acute or chronic trauma, particularly injuries with anatomic areas such as the limb bones, or pelvis region of animals, CT scans have been considered a standard imaging method.
With a revenue share of over 45% in 2022, the veterinary hospitals & clinics segment dominated the market by end-use owing to their timely diagnosis, allowing patients to receive treatment as soon as possible.
North America dominated the global veterinary CT imaging market and registered the largest revenue share of over 38% in 2022. This is due to the region’s high per capita animal healthcare spending and a large number of pet ownership rates.
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