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Veterinary MRI Market Size To Reach $381.5Mn By 2030

Veterinary MRI Market Size To Reach $381.5 Million By 2030

February 2025 | Report Format: Electronic (PDF)

Veterinary MRI Market Growth & Trends

The global veterinary MRI market size is expected to reach USD 381.5 million by 2030, registering a CAGR of 8.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the growth include the rising pet expenditures, rate of advanced diagnostics procedures, strategic initiatives by companies, and increasing adoption by end-users.In October 2020, Davies Veterinary Specialists in the U.K. and part of Mars Veterinary Health invested about 1.5 million pounds in acquiring new magnetic resonance imaging (MRI) and CT systems. This supported its growth objectives of establishing new veterinary teams and increasing the hospital footprint.

The COVID-19 pandemic impacted the market notably with both challenges and opportunities. Market stakeholders witnessed limited access to veterinary care during the first half of 2020, while manufacturers faced operational and supply chain hurdles. However, the pandemic raised awareness about animal health in general as pet parents stayed at home and were thus more attuned to changes in their pet’s behavior. This factor combined with the growing humanization of pets is expected to fuel the market’s growth in the coming years.

The expansion of service offerings to include MRI training and education is another key factor contributing to the market growth.MRI scanners should be operated by trained technologists as many factors have to be considered when preparing an animal for an MRI. Most times, this training is not part of the veterinary curriculum and must be acquired as part of the training program in a radiologic technology school or by attending special training sessions. MRI VET Academy by Esaote SPA offers free online learning courses that introduce general practitioners to the neurological patient, and common spinal and brain diseases.

The growing adoption of MRI solutions by end-users is also expected to account for significant market growth in the near future. AnimalScan for instance offers CT and MRI services for veterinarians, pet owners, and clinic operators across the U.S. AnimalScan use and recommend Siemens MRI scanner for veterinary neurological use. In July 2021, The University of Pretoria's Onderstepoort Veterinary Academic Hospital in South Africa, acquired an MRI scanner to expand its services lineup. This enabled the facility toperform scans on-site at any time of the day without additional travel time to other facilities.

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Veterinary MRI Market Report Highlights

On the basis of solutions, the MRI scanner segment dominated the veterinary MRI industry, with a 41.3% share in 2024. The software and services segment is expected to grow at the fastest CAGR of 9.2% over the forecast period.
On the basis of type, small animals held the largest share of 70.9% in 2024, and the segment is estimated to grow at the fastest CAGR over the forecast period. Large animals held a notable market share in 2024, driven by the growing adoption of veterinary MRI technology in livestock and equine healthcare.
On the basis of end use, the veterinary hospitals segment held the largest share of 55.1% in 2024. The veterinary clinics segment is expected to grow at the fastest rate over the forecast period due to the growing number of pet owners seeking specialized care for their animals.
The North America veterinary MRI market dominated globally in 2024, accounting for 50.9% of the total revenue share. The Asia Pacific veterinary MRI market is expected to exhibit lucrative growth over the forecast period.