VETERINARY MRI MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

Global Veterinary MRI Market Trends and Insights

Growing Pet Ownership & Rising Spend On Companion-Animal Health

Global pet care expenditure is projected to climb to USD 279 billion by 2030, largely driven by millennials and Gen Z who treat pets as family members ^{[1]Harris Williams, “Pet Care Industry Overview,” harristwilliams.com}. MRI scans for dogs can cost USD 2,500-6,000 yet are increasingly reimbursed by insurance plans covering 70%-90% of fees. This willingness to finance high-value diagnostics underpins steady utilization growth in the veterinary MRI market. Europe’s companion-animal health outlays are tracking a 6.4% CAGR, reinforcing long-term demand for advanced imaging. In urban centers, smaller household sizes concentrate discretionary spend on pets, fueling premium care adoption. These patterns signal durable volume expansion through the forecast horizon.

Technological Advances In Veterinary MRI Hardware & Software

Helium-free architectures slash operating complexity by reducing coolant volumes from 1,500 L to under 1 L. AI reconstruction now shortens scans by up to 50% while improving signal-to-noise ratios, letting clinicians deliver faster diagnoses. Bruker’s d-DNP polarizer achieves >10,000× signal gains, broadening oncology research opportunities. Low-field 0.05 T systems that draw only 1,800 W of power cut energy costs relative to conventional 25 kW units ^{[2]IEEE Spectrum, “Low-Field MRI Advances,” ieee.org}. Collectively, these breakthroughs lower ownership barriers and widen the veterinary MRI market.

Higher Incidence Of Chronic Neurological & Orthopedic Disorders In Pets

Nearly half of dogs over age 10 develop cancer or neurologic complications that often necessitate MRI for staging and monitoring. AI models now reach 75.32% average precision in automated disc-herniation detection, boosting diagnostic throughput. The veterinary oncology device segment is growing 11.6% annually, directly translating into higher MRI case volumes for treatment planning. Breed-specific screening—for example, cardiac imaging in Miniature Schnauzers—further widens addressable demand. These clinical drivers firmly anchor long-term growth expectations for the veterinary MRI market.

Shift Toward Standing Equine MRI Reducing Anesthesia Risk & Throughput Time

Hallmarq’s standing equine systems let horses remain conscious, eliminating anesthesia-related complications that historically curbed equine MRI uptake. Detomidine-morphine sedation protocols stabilize patients without compromising image fidelity. The technology halves procedure time and quickens return to training, traits valued by owners of performance animals. Uptake in Europe and North America underpins a 9.62% CAGR for equine imaging volumes. Broader application to large livestock and zoo animals is emerging as technical experience grows.

High Upfront & Maintenance Cost Of MRI Systems

Purchase prices span USD 150,000 for refurbished low-field units to over USD 1 million for high-field scanners, while older designs can consume helium worth more than USD 30,000 per year. Installation demands shielded rooms and reinforced floors, raising capital needs for smaller clinics. Independent practices thus lean toward mobile services or shared centers, delaying purchases and tempering veterinary MRI market size expansion. Helium-free magnets are helping narrow the affordability gap but remain early in the adoption curve.

Shortage Of Board-Certified Veterinary Radiologists

Workforce supply is lagging demand as imaging volumes grow faster than specialist training pipelines. Teleradiology alleviates part of the shortfall, yet complex neurology and oncology cases still require on-site expertise. AI-enabled interpretation platforms that deliver preliminary reads within 5 minutes and achieve 92% agreement with human specialists are gaining traction. Despite technological aids, the talent deficit continues to dampen full utilization rates, trimming near-term growth in the veterinary MRI market.

Segment Analysis

By Product Type: Systems Drive Revenue While Consumables Accelerate

The systems segment generated 75.54% of 2024 revenue, underscoring its pivotal role in the veterinary MRI market. Global demand is buoyed by installation of helium-free 1.5 T consoles that can operate in standard exam rooms, trimming facility modification budgets. Hallmarq installed the first zero-helium small-animal scanner in the United States in 2024, a milestone that underscores rapid technology diffusion. AI-ready consoles are also shipping with pre-loaded reconstruction algorithms that shrink scan times by up to 50%, elevating daily study throughput. 

Consumables—contrast agents, positioning aids, and maintenance kits—captured a modest share in 2024 yet are forecast for 9.15% CAGR, the fastest among product categories. Rising case volumes create annuity-like revenue streams, while regulatory approvals of gadolinium-free formulations widen clinical use. Imaging software, although a smaller revenue pool, grows steadily as subscription models gain acceptance among clinics that prefer operating-expense budgeting over upfront licenses. Collectively, these dynamics reinforce the diversified revenue profile that underpins sustained expansion of the veterinary MRI market.

Note: Segment shares of all individual segments available upon report purchase

By Application: Neurology Leads While Oncology Surges

Neurology accounted for 35.43% of 2024 revenue, illustrating MRI’s centrality in evaluating brain tumors, spinal injuries, and seizure disorders that cannot be characterized adequately with radiography or ultrasonography. High-field magnets combined with phased-array coils deliver sub-millimeter resolution, critical for mapping subtle intracranial lesions. AI-powered segmentation further refines lesion boundaries, accelerating report turnaround and clinician confidence. 

Oncology applications, however, are charting 9.72% CAGR as cancer prevalence rises in pets living longer under improved preventive care. Dynamic contrast-enhanced MRI allows earlier detection of vascular changes in neoplasms, guiding surgical planning and radiotherapy targeting. Cardiothoracic protocols are also gaining popularity, propelled by refined sequences that reduce motion artifacts in conscious patients. Orthopedic studies benefit from standing MRI adoption that eliminates anesthesia risks, enabling repetitive monitoring of tendon healing in performance horses. These trends collectively augment the veterinary MRI market size for specialized clinical indications.

By Animal Type: Companion Animals Dominate While Equine Accelerates

Small companion animals—principally dogs and cats—represented 71.35% of global revenue in 2024 thanks to dense referral networks, strong insurance penetration, and owner willingness to invest in advanced care. Dedicated coils tailored to toy breeds and feline cranial anatomy enhance diagnostic yield, while sedation-optimized protocols cut anesthesia time. AI-assisted triage further boosts throughput, enabling busy hospitals to manage rising caseloads without proportionate staff expansions. 

Equine imaging is advancing at 9.62% CAGR, powered by standing MRI that sidesteps the anesthesia risks long deterring owners of valuable sport horses. Portable platforms are entering pilot trials for on-farm imaging, promising adoption in remote regions. Livestock and exotic species remain niche but intriguing, with zoo veterinarians experimenting with modified head coils for big-cat neurology studies. Such innovation broadens the veterinary MRI market’s clinical and species breadth, supporting longer-term growth.

Note: Segment shares of all individual segments available upon report purchase

By End User: Hospitals Lead While Clinics Gain Ground

Veterinary hospitals generated 56.71% of 2024 revenue because they possess the staff, shielding infrastructure, and caseload volume to justify capital-intensive MRI installation. Multi-disciplinary teams in referral centers rely on MRI for surgical planning and postoperative monitoring, anchoring high utilization rates. Academic teaching institutions further amplify demand through research projects and specialist training programs. 

Veterinary clinics are forecast for a 10.11% CAGR through 2030, reflecting technology democratization. Helium-free low-field scanners fit conventional exam rooms and plug into single-phase power, permitting installation in urban storefront practices. Mobile services that transport scanners between clinics on weekly routes also proliferate, sharing costs across multiple users. These decentralized models expand the veterinary MRI market size beyond tertiary centers, extending advanced imaging to broader geographic and socioeconomic segments.

Geography Analysis

North America retained 44.62% of global revenue in 2024, anchored by the United States’ large insured companion-animal population and early adoption of AI-ready scanners. Veterinary schools at Colorado State University and University of Pennsylvania operate multiple high-field magnets that serve both clinical clients and translational research. Canada’s public-private research grants incentivize purchase of helium-free systems, while Mexico’s emerging middle class fuels private clinic upgrades. Continuous FDA engagement through the Animal and Veterinary Innovation Agenda speeds approval of novel coils and software, reinforcing regional leadership ^{[3]U.S. FDA, “Animal & Veterinary Innovation Agenda,” fda.gov}. 

Europe ranked second, benefitting from stringent welfare statutes and active professional bodies such as the European Association of Veterinary Diagnostic Imaging, which issues practice guidelines on MRI protocols. Germany, France, and the United Kingdom dominate scanner installations, but Italy and Spain are catching up through consolidation plays that roll smaller clinics into national groups able to finance MRI investments. EU Medical Device Regulation harmonizes safety and performance benchmarks, boosting clinician confidence and accelerating replacement cycles. 

Asia-Pacific is the fastest-growing region at 10.36% CAGR, propelled by rising pet ownership in China and South Korea and advanced research ecosystems in Japan and Australia. Japan hosts more than 100 animal MRI units in universities and private hospitals, many operating in hybrid research-clinical modes that maximize uptime. Canon Medical Systems’ distributor network in India recently added veterinary-specific sequences to human scanners, reducing incremental costs for clinics. Government-sponsored pet health insurance pilots in Singapore and Thailand, though limited, hint at additional tailwinds. The Middle East & Africa and South America remain early-stage markets but offer long-run upside as disposable incomes rise and expertise diffuses via tele-mentoring.