{"id":57816,"date":"2023-07-27T19:04:06","date_gmt":"2023-07-27T17:04:06","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/global-veterinary-mri-market-set-to-reach-360-million-by-2030-driven-by-rising-pet-expenditures-and-strategic-initiatives-by-companies-researchandmarkets-com\/"},"modified":"2023-07-27T19:04:06","modified_gmt":"2023-07-27T17:04:06","slug":"global-veterinary-mri-market-set-to-reach-360-million-by-2030-driven-by-rising-pet-expenditures-and-strategic-initiatives-by-companies-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/global-veterinary-mri-market-set-to-reach-360-million-by-2030-driven-by-rising-pet-expenditures-and-strategic-initiatives-by-companies-researchandmarkets-com\/","title":{"rendered":"Global Veterinary MRI Market Set to Reach $360 Million by 2030, Driven by Rising Pet Expenditures and Strategic Initiatives by Companies – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Veterinary MRI Market Size, Share & Trends Analysis Report By Solutions (MRI Scanner, Software & Services, Accessories\/ Consumables), By Animal Type (Small Animals, Large Animals), By End-use, By Region, And Segment Forecasts, 2023 – 2030”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.<\/p>\n

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\nThe global veterinary MRI market size is expected to reach USD 360 million by 2030. The market is expected to expand at a lucrative CAGR of 7.38% from 2023 to 2030.<\/p>\n

\nThe 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.<\/p>\n

\nThe 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.<\/p>\n

\nThe 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.<\/p>\n

\nThe 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.<\/p>\n

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