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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 Others

By Animal Type;

Small Animals and Large Animals

By End User;

Veterinary Hospitals and Clinics

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)

Report ID: Rn107198260 Published Date: May, 2025 Updated Date: June, 2025

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Veterinary MRI Market Overview

Veterinary MRI Market (USD Million)

Veterinary MRI Market was valued at USD 161.12 million in the year 2024. 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%.

Global Veterinary MRI Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.4 %

Study Period	2025 - 2031
Base Year	2024
CAGR (%)	6.4 %
Market Size (2024)	USD 161.12 Million
Market Size (2031)	USD 249.40 Million
Market Concentration	Medium
Report Pages	359

161.12

2024

249.40

2031

Major Players

Esaote SpA
Hallmarq Veterinary Imaging Inc.
Imotek International Ltd
Universal Medical Systems Inc.
Bruker Corporation
MR solutions
Burgess Diagnostics Ltd
Shenzhen Mindray Bio-Medical Electronics Co.
Mediso Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Veterinary MRI Market

Fragmented - Highly competitive market without dominant players

The veterinary MRI market is witnessing substantial growth, primarily driven by the increasing integration of advanced diagnostic imaging technologies in veterinary practices. Currently, over 40% of veterinary facilities utilize MRI systems, reflecting a growing focus on precise and non-invasive diagnostic solutions that enhance animal health and treatment accuracy.

Increasing Focus on Pet Health and Wellness
The rising awareness regarding pet health and the growing willingness of pet owners to invest in comprehensive medical diagnostics have significantly boosted this market. Today, nearly 60% of pet owners prioritize early disease detection and effective treatment through advanced technologies like MRI, underscoring a shift towards proactive veterinary care.

Technological Advancements Driving Market Growth
Rapid technological innovations, including the development of high-field MRI systems and AI-enhanced diagnostic tools, are revolutionizing the veterinary MRI landscape. These advancements have improved the accuracy and speed of diagnostic procedures, contributing to an estimated 30% increase in the adoption of MRI for veterinary applications.

Growing Demand for Specialized Veterinary Care
With the veterinary field becoming increasingly specialized, the demand for advanced imaging solutions like MRI has surged. Today, over 50% of specialty veterinary clinics rely on MRI for complex diagnostics, highlighting the sector's shift towards precision veterinary medicine and improved clinical outcomes.

Veterinary MRI Market Recent Developments

In June 2023, ESAOTE SPA launched the MyLab X90VET ultrasound system with patented Augmented Insight technology for precise and accurate diagnostic imaging.
In April 2024, Asteris partnered with VetlinkPRO, intending to combine imaging technology with its practice management system.

Veterinary MRI Market Segment Analysis

In this report, the Veterinary MRI Market has been segmented by Product Type, Application, Animal Type, End User and Geography.

Veterinary MRI Market, Segmentation by Product Type

The Veterinary MRI Market has been segmented by Product Type into MRI Systems, Imaging Software, and Others.

MRI Systems

MRI systems constitute the core of the veterinary MRI market, providing detailed imaging essential for diagnosing various conditions in animals. In 2024, the MRI scanner segment dominated the market with a share of 41.3%, driven by the increasing adoption of advanced imaging technologies in veterinary clinics and hospitals. These systems are pivotal in detecting neurological, musculoskeletal, and oncological conditions, enhancing the accuracy of diagnoses and treatment plans.

Imaging Software

Imaging software plays a crucial role in processing and analyzing MRI data, facilitating efficient and accurate diagnoses. The software and services segment is expected to grow at the fastest CAGR of 9.2% over the forecast period, attributed to the increasing integration of AI-driven diagnostic tools and the rising demand for cloud-based imaging solutions. These advancements enhance diagnostic accuracy, streamline workflows, and improve overall operational efficiency in veterinary practices.

Others

The 'Others' category encompasses accessories and consumables essential for the operation and maintenance of MRI systems, such as coils, contrast agents, and maintenance tools. While this segment holds a smaller market share compared to MRI systems and imaging software, it remains integral to the functionality and longevity of MRI equipment. The consistent demand for these components ensures the seamless operation of MRI systems, supporting the overall efficiency of veterinary diagnostic services.

Veterinary MRI Market, Segmentation by Application

The Veterinary MRI Market has been segmented by Application into Cardiology, Oncology, Neurology, Orthopedics and Other Applications.

Cardiology

Cardiology applications in the veterinary MRI market focus on diagnosing heart diseases and vascular conditions in animals. The use of MRI allows for detailed imaging of cardiac structures, aiding in the detection of conditions such as congenital heart defects, cardiomyopathies, and valvular disorders. The non-invasive nature of MRI makes it a preferred choice for comprehensive cardiac assessments in veterinary medicine.

Oncology

Oncology represents a significant segment in the veterinary MRI market, as MRI is instrumental in identifying and staging tumors in animals. The high-resolution images produced by MRI facilitate the detection of soft tissue neoplasms, brain tumors, and metastatic lesions. This capability enhances treatment planning and monitoring, contributing to improved outcomes in veterinary oncology.

Neurology

Neurology is a leading application area in the veterinary MRI market, accounting for approximately 32.2% of the market share in 2022. MRI is the gold standard for evaluating neurological disorders such as epilepsy, intervertebral disc disease, and brain tumors. Its ability to provide detailed images of the brain and spinal cord structures makes it indispensable for accurate diagnosis and treatment planning in veterinary neurology.

Orthopedics

Orthopedic applications of MRI in veterinary medicine involve the assessment of musculoskeletal injuries and joint disorders. MRI offers superior visualization of soft tissues, enabling the detection of conditions like ligament tears, tendon injuries, and joint abnormalities. This detailed imaging supports precise diagnosis and guides effective surgical or therapeutic interventions.

Other Applications

Other applications in the veterinary MRI market encompass areas such as abdominal imaging, reproductive assessments, and respiratory system evaluations. MRI's versatility allows for comprehensive examination of various organ systems, aiding in the diagnosis of a wide range of conditions beyond the primary categories. This broad applicability enhances its value in veterinary diagnostics.

Veterinary MRI Market, Segmentation by Animal Type

The Veterinary MRI Market has been segmented by Animal Type into Small Animals and Large Animals.

Small Animals

The small animals segment, encompassing dogs, cats, and other companion animals, holds a significant share in the veterinary MRI market. In 2022, this segment accounted for approximately 55% of the market share. The dominance is attributed to the rising pet adoption rates, increased pet healthcare expenditure, and advancements in imaging technologies tailored for small animals. The growing awareness among pet owners regarding early disease detection and the availability of pet insurance further drive the demand for MRI diagnostics in this segment.

Large Animals

The large animals segment, including equines and livestock, is experiencing steady growth in the veterinary MRI market. The increasing prevalence of musculoskeletal disorders, reproductive health issues, and the need for efficient disease management in cattle and horses have led to a higher adoption of MRI technology. Advancements in portable imaging solutions have made it feasible to conduct MRI diagnostics in field settings, further contributing to the growth of this segment.

Veterinary MRI Market, Segmentation by End User

The Veterinary MRI Market has been segmented by End User into Veterinary Hospitals and Clinics.

Veterinary Hospitals

Veterinary hospitals represent a significant segment in the veterinary MRI market, accounting for approximately 55.1% of the market share in 2024. These institutions are equipped with advanced diagnostic imaging technologies, including MRI systems, to provide comprehensive care for animals. The availability of specialized services and the capability to handle complex cases make veterinary hospitals a preferred choice for pet owners seeking high-quality medical attention for their animals. The integration of state-of-the-art MRI equipment enhances diagnostic accuracy and treatment planning in these settings.

Veterinary Clinics

Veterinary clinics are experiencing rapid growth in the veterinary MRI market, driven by the increasing demand for accessible and affordable diagnostic imaging services. These clinics offer routine check-ups and preventive care, incorporating MRI technology to enhance their diagnostic capabilities. The adoption of portable MRI systems and the integration of AI-driven imaging software enable clinics to provide high-quality services comparable to larger hospitals. This trend reflects the growing emphasis on early detection and treatment of animal health issues in community-based veterinary practices.

Veterinary MRI Market, Segmentation by Geography

In this report, the Veterinary MRI Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Regions and Countries Analyzed in this Report

Legend

North America

Rest of North America

Europe

Rest of Europe

Asia Pacific

Rest of Asia Pacific

Middle East and Africa

Rest of Middle East and Africa

Latin America

Rest of Latin America

Rest of the World

Veterinary MRI Market Share (%), by Geographical Region

North America

North America holds a dominant position in the veterinary MRI market, accounting for approximately 51.3% of the global revenue in 2023. This leadership is attributed to a high rate of pet ownership, advanced veterinary healthcare infrastructure, and significant investments in diagnostic imaging technologies. The United States, in particular, benefits from a well-established network of veterinary hospitals and clinics, fostering the adoption of MRI systems for comprehensive animal care.

Europe

Europe maintains a substantial share in the veterinary MRI market, driven by a growing emphasis on animal welfare and the increasing prevalence of chronic diseases among companion animals. Countries like the United Kingdom, Germany, and France are witnessing a surge in pet adoption and a heightened demand for advanced diagnostic imaging services. The region's commitment to veterinary research and the integration of innovative imaging technologies contribute to market growth.

Asia Pacific

The Asia Pacific region is experiencing rapid growth in the veterinary MRI market, fueled by rising pet ownership, increasing awareness of animal health, and expanding veterinary services. Countries such as China, Japan, and India are investing in veterinary healthcare infrastructure and adopting advanced imaging modalities to meet the growing demand for diagnostic services. Government initiatives aimed at improving animal welfare further support market expansion in this region.

Middle East & Africa

The Middle East & Africa region is witnessing gradual growth in the veterinary MRI market, supported by increasing investments in veterinary healthcare and a growing focus on livestock management. The adoption of advanced imaging technologies is gaining traction in countries like South Africa and the United Arab Emirates, where efforts to enhance animal health services are underway. However, challenges such as limited access to specialized veterinary care persist in certain areas.

Latin America

Latin America is emerging as a promising market for veterinary MRI, with growth driven by increasing pet ownership and a rising demand for advanced diagnostic services. Countries like Brazil and Mexico are investing in veterinary infrastructure and expanding access to imaging technologies to improve animal healthcare. The region's focus on enhancing veterinary education and training contributes to the adoption of MRI systems in clinical settings.

Veterinary MRI Market Trends

This report provides an in depth analysis of various factors that impact the dynamics of Veterinary MRI Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Comprehensive Market Impact Matrix

This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.

Market Forces ↓ / Impact Areas →	Market Growth Rate	Competitive Landscape	Customer Behavior	Regulatory Influence	Innovation Potential
Drivers	High impact (e.g., tech adoption, rising demand)	Encourages new entrants and fosters expansion	Increases usage and enhances demand elasticity	Often aligns with progressive policy trends	Fuels R&D initiatives and product development
Restraints	Slows growth (e.g., high costs, supply chain issues)	Raises entry barriers and may drive market consolidation	Deters consumption due to friction or low awareness	Introduces compliance hurdles and regulatory risks	Limits innovation appetite and risk tolerance
Opportunities	Unlocks new segments or untapped geographies	Creates white space for innovation and M&A	Opens new use cases and shifts consumer preferences	Policy shifts may offer strategic advantages	Sparks disruptive innovation and strategic alliances

Drivers, Restraints and Opportunity Analysis

Drivers:

Advancements in Veterinary Imaging Technology
Increasing Pet Ownership Rates
Growing Focus on Animal Health - The rising emphasis on animal health is playing a crucial role in driving the growth of the veterinary MRI market. As companion animals are increasingly seen as integral family members, pet owners are seeking more advanced and accurate diagnostic solutions to support their pets' long-term health. This shift in mindset is encouraging veterinary clinics and hospitals to invest in high-quality imaging technologies like magnetic resonance imaging (MRI), which offer precise and non-invasive assessments of internal health conditions.

MRI systems are especially effective in identifying soft tissue abnormalities, neurological disorders, joint problems, and internal injuries that might not be visible through traditional imaging methods. The ability to detect such conditions at an early stage enables veterinarians to implement timely and targeted treatment plans. This trend toward preventive and diagnostic-driven care is expanding the role of MRI in modern veterinary medicine and boosting demand for advanced imaging capabilities.

Recent technological advancements have significantly improved the accessibility and efficiency of veterinary MRI systems. Innovations such as enhanced imaging resolution, user-friendly software, and compact MRI units are making it easier for veterinary practices to integrate this technology into their services. These improvements not only increase diagnostic accuracy but also reduce the time and complexity associated with MRI procedures, making them more viable in a wider range of clinical settings.

With the growing prevalence of chronic conditions and complex health issues in animals, the need for reliable and detailed diagnostic tools continues to rise. Veterinary professionals are recognizing the value of MRI in delivering comprehensive care, particularly in cases where precision is critical. As global awareness of animal health expands, the demand for MRI-based diagnostics is expected to increase steadily, positioning veterinary MRI systems as a key component in the evolution of veterinary healthcare.

Restraints:

High cost of MRI equipment and setup
Limited access in rural veterinary clinics
Lack of trained veterinary radiologists
Slow adoption in developing economies - The growth of the veterinary MRI market. The high initial investment required for purchasing and installing MRI equipment remains a significant barrier for many veterinary practices in low- and middle-income countries. With limited healthcare funding and financial constraints, these regions often prioritize basic veterinary services over advanced diagnostic imaging, resulting in low market penetration for MRI technologies.

In addition to cost-related challenges, a shortage of trained veterinary professionals capable of operating MRI machines and interpreting scan results further restricts adoption. MRI technology demands specialized knowledge that may not be readily available in developing regions. Furthermore, inadequate infrastructure—such as unreliable electricity, limited internet access, or outdated facilities—makes it difficult for veterinary clinics to integrate and maintain such sophisticated diagnostic systems effectively.

Another contributing factor is the relatively low awareness among pet owners and animal producers regarding the benefits of MRI in veterinary diagnostics. In regions where basic animal healthcare is still developing, advanced imaging is often viewed as a luxury rather than a necessity. As a result, demand remains limited, and veterinary facilities are less inclined to invest in expensive equipment that may not see frequent use, further slowing adoption rates.

To overcome these limitations, greater emphasis is needed on capacity building, public awareness, and financial support mechanisms. Training initiatives to develop skilled professionals, subsidies or leasing models to reduce equipment costs, and educational campaigns that highlight the clinical value of MRI can collectively drive adoption in underrepresented markets. As these efforts progress, developing regions may become key contributors to the future growth of veterinary imaging solutions.

Opportunities:

Portable and compact MRI system development
Expansion of pet insurance coverage
Integration with AI-based diagnostic tools
Growth in veterinary specialty hospitals - The increasing presence of veterinary specialty hospitals is creating strong opportunities for the veterinary MRI market. As pet owners seek more advanced and comprehensive care, the demand for specialty services—such as neurology, oncology, and orthopedics—continues to rise. These specialties often require high-precision diagnostic imaging, making magnetic resonance imaging (MRI) a valuable tool for accurate and non-invasive diagnosis. The expansion of specialty hospitals is directly driving the integration of MRI systems into modern veterinary practice.

These advanced facilities are investing in state-of-the-art MRI equipment to support their diagnostic capabilities and enhance clinical outcomes. High-resolution MRI machines enable veterinarians to detect soft tissue abnormalities, neurological conditions, and musculoskeletal injuries with a level of detail not achievable through other imaging methods. The availability of such diagnostic tools elevates the quality of care and helps specialty centers differentiate themselves in an increasingly competitive market.

In addition, many specialty veterinary hospitals are collaborating with academic institutions and research organizations, promoting innovation in veterinary imaging. These partnerships facilitate the development of new MRI protocols and applications tailored to animal health needs. The shared focus on research and clinical excellence is accelerating the adoption of MRI technology and reinforcing its value in complex diagnostics and treatment planning.

As veterinary specialty services continue to grow globally, the adoption of advanced imaging solutions like MRI is expected to become more widespread. This trend reflects the broader movement toward precision veterinary medicine and highlights the need for continued investment in diagnostic technologies. The growth of specialty hospitals not only enhances access to high-quality veterinary care but also strengthens the long-term outlook for the veterinary MRI market.

Veterinary MRI Market Competitive Landscape Analysis

Key players in Veterinary MRI Market include:

Esaote SpA
Hallmarq Veterinary Imaging Inc.
Imotek International Ltd
Universal Medical Systems Inc.
Bruker Corporation
MR solutions
Burgess Diagnostics Ltd
Shenzhen Mindray Bio-Medical Electronics Co.
Mediso Ltd

In this report, the profile of each market player provides following information:

Company Overview and Product Portfolio
Market Share Analysis
Key Developments
Financial Overview
Strategies
Company SWOT Analysis

Introduction
1. Research Objectives and Assumptions
2. Research Methodology
3. Abbreviations
Market Definition & Study Scope
Executive Summary
1. Market Snapshot, By Product Type
2. Market Snapshot, By Application
3. Market Snapshot, By Animal Type
4. Market Snapshot, By End User
5. Market Snapshot, By Region
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 and setup
    2. Limited access in rural veterinary clinics
    3. Lack of trained veterinary radiologists
    4. Slow adoption in developing economies
  3. Opportunities
    1. Portable and compact MRI system development
    2. Expansion of pet insurance coverage
    3. Integration with AI-based diagnostic tools
    4. Growth in veterinary specialty hospitals
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. Competitive Rivalry
Market Segmentation
1. Veterinary MRI Market, By Product Type, 2021 - 2031 (USD Million)
  1. MRI Systems
  2. Imaging Software
  3. Others
2. Veterinary MRI Market, By Application, 2021 - 2031 (USD Million)
  1. cardiology
  2. Oncology
  3. Neurology
  4. Orthopedics
  5. Other Applications
3. Veterinary MRI Market, By Animal Type, 2021 - 2031 (USD Million)
  1. Small Animals
  2. Large Animals
4. Veterinary MRI Market, By End User, 2021 - 2031 (USD Million)
  1. Veterinary Hospitals
  2. Clinics
5. 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
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
Analyst Views
Future Outlook of the Market