The global Pet MRI Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Integrated, Separate, Insert, Hybrid), By Imaging Technology (Conventional, Time of Flight), By Image Acquisition (Sequential PET MRI Scanners, Simultaneous PET MRI Scanners), By Application (Pre-clinical PET MRI Systems, Clinical PET MRI Systems), By End-User (Hospitals, Diagnostic Laboratories, Research Institutes, Pharmaceutical & Biopharmaceutical Companies).
Veterinary diagnostics are advancing rapidly, with the Pet MRI market witnessing notable growth as pet owners seek comprehensive imaging solutions for their animal companions. MRI technology offers detailed anatomical and functional insights, facilitating early detection and precise treatment planning for a wide range of veterinary conditions. With increasing pet healthcare expenditures and the expanding role of pets in households, the demand for advanced diagnostic modalities like MRI is on the rise.
The market report analyses the leading companies in the industry including Aspect Imaging, GE Healthcare, Hallmarq Veterinary Imaging, IMV Imaging, Koninklijke Philips N.V., Mediso Ltd, MR Solutions, Siemens AG, Time Medical Holdings, United Imaging, and others.
The Pet MRI market is witnessing a prominent trend towards advancements in imaging technology. Innovations such as high-field MRI scanners, which provide superior image resolution and faster scanning times, are becoming increasingly popular. These advancements enable more accurate diagnosis and treatment planning for various pet health conditions. Additionally, the development of specialized MRI equipment tailored for veterinary use, including smaller, more affordable units, is making advanced imaging accessible to a broader range of veterinary practices.
A key driver for the Pet MRI market is the increasing pet ownership and the corresponding rise in expenditure on pet healthcare. As more people adopt pets and treat them as family members, there is a growing willingness to invest in advanced medical care to ensure their well-being. This trend is driving demand for sophisticated diagnostic tools, such as MRI, which can provide detailed insights into pet health issues that are not easily detectable through conventional methods. The growing awareness of and access to high-quality veterinary care is propelling the market forward.
The expansion of telemedicine and remote MRI interpretation services presents a significant opportunity in the Pet MRI market. With the growing adoption of digital health solutions, veterinary clinics can leverage telemedicine platforms to collaborate with specialists and radiologists remotely. This allows for timely and expert interpretation of MRI scans, improving diagnostic accuracy and treatment outcomes. By integrating telemedicine with advanced imaging technologies, veterinary practices can enhance their service offerings, reach underserved areas, and provide better care to pets, thereby capturing a larger market share.
Among the segments of the Pet MRI market, the Simultaneous PET MRI Scanners segment is experiencing the fastest growth. This surge is primarily propelled by several factors. Firstly, simultaneous PET MRI scanners offer the unique advantage of acquiring both PET and MRI images simultaneously, allowing for precise anatomical and functional imaging with improved temporal and spatial resolution. This integration enhances diagnostic accuracy and efficiency, particularly in oncology, neurology, and cardiology applications, driving their adoption in clinical and pre-clinical settings. Additionally, the growing demand for advanced imaging modalities in research institutes and pharmaceutical companies for drug development and pre-clinical studies is fueling the uptake of simultaneous PET MRI scanners. Moreover, technological advancements in PET and MRI fusion imaging, coupled with increasing investments in healthcare infrastructure, are further contributing to the rapid growth of this segment. As the healthcare industry continues to prioritize integrated imaging solutions for comprehensive diagnosis and treatment planning, the Simultaneous PET MRI Scanners segment is poised for sustained growth, driving significant momentum in the Pet MRI market.
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Aspect Imaging
GE Healthcare
Hallmarq Veterinary Imaging
IMV Imaging
Koninklijke Philips N.V.
Mediso Ltd
MR Solutions
Siemens AG
Time Medical Holdings
United Imaging
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Pet MRI Market Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Pet MRI Market Market Size Outlook, $ Million, 2021 to 2030
3.2 Pet MRI Market Market Outlook by Type, $ Million, 2021 to 2030
3.3 Pet MRI Market Market Outlook by Product, $ Million, 2021 to 2030
3.4 Pet MRI Market Market Outlook by Application, $ Million, 2021 to 2030
3.5 Pet MRI Market Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Pet MRI Market Industry
4.2 Key Market Trends in Pet MRI Market Industry
4.3 Potential Opportunities in Pet MRI Market Industry
4.4 Key Challenges in Pet MRI Market Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Pet MRI Market Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Pet MRI Market Market Outlook by Segments
7.1 Pet MRI Market Market Outlook by Segments, $ Million, 2021- 2030
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
8 North America Pet MRI Market Market Analysis and Outlook To 2030
8.1 Introduction to North America Pet MRI Market Markets in 2024
8.2 North America Pet MRI Market Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Pet MRI Market Market size Outlook by Segments, 2021-2030
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
9 Europe Pet MRI Market Market Analysis and Outlook To 2030
9.1 Introduction to Europe Pet MRI Market Markets in 2024
9.2 Europe Pet MRI Market Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Pet MRI Market Market Size Outlook by Segments, 2021-2030
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
10 Asia Pacific Pet MRI Market Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Pet MRI Market Markets in 2024
10.2 Asia Pacific Pet MRI Market Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Pet MRI Market Market size Outlook by Segments, 2021-2030
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
11 South America Pet MRI Market Market Analysis and Outlook To 2030
11.1 Introduction to South America Pet MRI Market Markets in 2024
11.2 South America Pet MRI Market Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Pet MRI Market Market size Outlook by Segments, 2021-2030
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
12 Middle East and Africa Pet MRI Market Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Pet MRI Market Markets in 2024
12.2 Middle East and Africa Pet MRI Market Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Pet MRI Market Market size Outlook by Segments, 2021-2030
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Aspect Imaging
GE Healthcare
Hallmarq Veterinary Imaging
IMV Imaging
Koninklijke Philips N.V.
Mediso Ltd
MR Solutions
Siemens AG
Time Medical Holdings
United Imaging
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Integrated
Separate
Insert
Hybrid
By Imaging Technology
Conventional
Time of Flight
By Image Acquisition
Sequential PET MRI Scanners
Simultaneous PET MRI Scanners
By Application
Pre-clinical PET MRI Systems
Clinical PET MRI Systems
By End-User
Hospitals
Diagnostic Laboratories
Research Institutes
Pharmaceutical & Biopharmaceutical Companies
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Pet MRI Market size of $210.6 Million in 2024 and is forecast to register a growth rate (CAGR) of 8.9% to reach $351.3 Million by 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Aspect Imaging, GE Healthcare, Hallmarq Veterinary Imaging, IMV Imaging, Koninklijke Philips N.V., Mediso Ltd, MR Solutions, Siemens AG, Time Medical Holdings, United Imaging
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume