Pet Scanners Market
By Type;
Full Ring PET Scanner and Partial Ring PET ScannerBy Modality;
PET-CT and PET-MRIBy Application;
PET Scanners for Oncology, PET Scanners in Cardiology, and PET Scanners in NeurologyBy End-Use;
Hospitals, Diagnostic Imaging Centers, and Academic & Research InstitutesBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Pet Scanners Market (USD Million), 2021 - 2031
In the year 2024, the Global Pet Scanners Market was valued at USD 1,770.77 million. The size of this market is expected to increase to USD 2,497.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.
Pet Scanners Market
*Market size in USD million
CAGR 5.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.0 % |
Market Size (2024) | USD 1,770.77 Million |
Market Size (2031) | USD 2,497.47 Million |
Market Concentration | Medium |
Report Pages | 331 |
Major Players
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Pet Scanners Market
Fragmented - Highly competitive market without dominant players
The global pet scanners market has experienced significant growth in recent years, driven by increasing pet ownership and the growing awareness among pet owners about the importance of regular veterinary check-ups. Pet scanners, which include technologies like ultrasound, MRI, CT scans, and X-rays, play a crucial role in diagnosing and monitoring various health conditions in pets, ranging from fractures and tumors to internal organ issues. The rising demand for advanced veterinary diagnostic tools has led to innovations in pet scanner technology, offering more accurate and faster diagnostic capabilities, which in turn improves the quality of veterinary care.
North America and Europe currently dominate the global pet scanners market due to their high pet ownership rates, advanced veterinary infrastructure, and the willingness of pet owners to spend on advanced diagnostic procedures. In these regions, the adoption of pet insurance has also contributed to the market's growth, as insurance policies often cover diagnostic procedures, making them more accessible to pet owners. Additionally, the growing trend of humanization of pets, where pets are treated as family members, has increased the demand for high-quality veterinary services, including the use of sophisticated diagnostic equipment.
The Asia-Pacific region is expected to witness substantial growth in the pet scanners market in the coming years, driven by increasing urbanization, rising disposable incomes, and a growing middle class that is more inclined to adopt pets and invest in their health. Countries such as China, India, and Japan are seeing rapid growth in their pet populations, which, combined with an expanding network of veterinary clinics and hospitals, is boosting the demand for pet scanners. Furthermore, technological advancements and the entry of new players in the market are making pet scanners more affordable and accessible, thereby driving market growth in this region.
Global Pet Scanners Market Recent Developments
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In April 2024, CDL Nuclear Technologies announced the launch of its innovative Mobile dedicated Cardiac PET/CT Trailer, designed to transform cardiac care by providing advanced PET/CT imaging services directly to medical facilities as per their schedules.
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In April 2022, Royal Victoria Regional Health Centre (RVH) installed new medical imaging technology to detect some cancers earlier.
Pet Scanners Market Segment Analysis
In this report, the pet scanners market has been segmented by Modality, Application, End User and Geography.
Pet Scanners Market, Segmentation by Type
The Pet Scanners Market has been segmented by Type into Full Ring PET Scanner and Partial Ring PET Scanner
Full Ring PET Scanner
Accounts for nearly 68% of the market, favored for its high image resolution and comprehensive scan coverage. Widely adopted in oncology and neurology diagnostics, this type supports precise disease detection and improved clinical outcomes.
Partial Ring PET Scanner
Holds around 32% of the market, valued for its cost-effectiveness and compact design. Frequently used in specialized diagnostic centers and research applications, it offers flexibility while maintaining adequate imaging accuracy.
Pet Scanners Market, Segmentation by Modality
The Pet Scanners Market has been segmented by Modality into PET-CT and PET-MRI.
PET-CT
Dominates with approximately 74% of the market share, combining positron emission tomography and computed tomography to deliver detailed anatomical and functional imaging. Widely used in oncology, it enhances tumor localization and treatment planning efficiency.
PET-MRI
Accounts for around 26% of the market, integrating metabolic imaging with superior soft tissue contrast from MRI. Preferred in neurological and cardiovascular diagnostics, it offers radiation-free imaging with advanced tissue characterization.
Pet Scanners Market, Segmentation by Application
The Pet Scanners Market has been segmented by Applications into Pet scanners for oncology, Pet scanners in cardiology and Pet scanners in neurology.
Pet Scanners for Oncology
Represents nearly 65% of the market, driven by the high demand for early cancer detection, tumor staging, and treatment monitoring. These scanners provide exceptional accuracy in identifying malignant growths and guiding personalized therapies.
Pet Scanners in Cardiology
Accounts for approximately 20% of the market, offering advanced capabilities in myocardial perfusion assessment and viability analysis. Their use is expanding in detecting coronary artery disease and optimizing cardiac care strategies.
Pet Scanners in Neurology
Holds around 15% of the market, focusing on brain imaging for conditions such as Alzheimer’s disease, Parkinson’s disease, and epilepsy. These scanners enable precise evaluation of neural activity and disease progression.
Pet Scanners Market, Segmentation by End User
The Pet Scanners Market has been segmented by End User into Hospitals, Diagnostic Imaging Centers, and Academic & Research Institutes.
Hospitals
Comprise nearly 55% of the market share, as they serve as primary hubs for advanced diagnostic imaging and integrated patient care. Hospitals utilize PET scanners for oncology, cardiology, and neurology to enable timely and precise treatments.
Diagnostic Imaging Centers
Hold about 30% of the market, offering specialized imaging services with high patient throughput. These centers focus on cost-effective and efficient scanning, catering to both referred patients and preventive healthcare demands.
Academic & Research Institutes
Account for roughly 15% of the market, playing a critical role in technological innovation and clinical research. These institutes use PET scanners for experimental imaging, biomedical studies, and advancing imaging protocols.
Pet Scanners Market, Segmentation by Geography
In this report, the Global Pet Scanners Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa & Latin America.
Regions and Countries Analyzed in this Report
Pet Scanners Market Share (%), by Geographical Region
North America
Leads the market with over 40% share, driven by high adoption of advanced medical imaging technologies, a well-established healthcare infrastructure, and substantial investment in diagnostic innovation. The U.S. remains the dominant contributor in this region.
Europe
Accounts for around 28% of the market, supported by growing demand for precision diagnostics, increased cancer screening programs, and strong government support for medical imaging research.
Asia Pacific
Holds approximately 20% of the market, with rapid growth fueled by rising healthcare expenditure, expanding hospital networks, and increased adoption of cutting-edge imaging solutions in emerging economies like China and India.
Middle East and Africa
Captures about 7% of the market, driven by improvements in healthcare infrastructure, rising prevalence of chronic diseases, and growing awareness of advanced imaging diagnostics.
Latin America
Represents nearly 5% of the market, with growth supported by public healthcare investments, expanding access to diagnostic imaging, and a gradual increase in specialized medical facilities.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Pet Scanners Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Advancements in Technology
- Growing Pet Ownership
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Awareness of Pet Health - Pet owners are increasingly recognizing the importance of regular health check-ups and preventive care for their animals, a trend that is significantly influencing the veterinary industry. This heightened awareness is driven by several factors, including increased access to information through the internet and social media, which educates pet owners about the benefits of early disease detection and ongoing health monitoring. Additionally, veterinarians and pet advocacy organizations are actively promoting the importance of routine health screenings and preventive measures, emphasizing how these practices can lead to longer, healthier lives for pets. As a result, more pet owners are seeking comprehensive veterinary care, including diagnostic services that can detect potential health issues before they become serious.
This growing demand for diagnostic services and equipment is having a substantial impact on the veterinary market, particularly in terms of the types of technologies and services that are being prioritized. Veterinary clinics are increasingly investing in advanced diagnostic tools such as pet scanners, which include ultrasound, MRI, CT scans, and X-rays, to meet the needs of informed pet owners. These technologies enable more accurate and timely diagnosis of a wide range of conditions, from internal injuries and infections to chronic diseases like arthritis and cancer. The willingness of pet owners to invest in the health of their animals is also driving the expansion of veterinary diagnostic services, leading to the establishment of more specialized clinics and the integration of sophisticated diagnostic equipment into general practice. This trend not only enhances the quality of care that pets receive but also encourages ongoing innovation and development within the veterinary diagnostics market.
Restraints:
- High Initial Investment
- Lack of Skilled Professionals
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Regulatory Hurdles - The stringent regulatory requirements for medical devices, including pet scanners, pose significant challenges to market growth by slowing down the approval and distribution process. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) enforce rigorous standards to ensure the safety, efficacy, and quality of veterinary diagnostic devices. These regulations require manufacturers to conduct extensive clinical trials, detailed documentation, and comprehensive testing before a pet scanner can be approved for market entry. This process, while essential for maintaining high safety standards, can be time-consuming and costly, often leading to delays in bringing new technologies to market. Consequently, companies may face prolonged timeframes and increased expenditures, which can hinder innovation and limit the availability of advanced diagnostic tools for veterinary care.
Additionally, the complexity of navigating diverse regulatory environments across different regions can further complicate the approval and distribution process for pet scanners. Each country or region may have its own set of regulations and requirements, necessitating tailored strategies for compliance. For instance, a pet scanner approved in the United States might still need to undergo additional testing and approval procedures to meet the regulatory standards of the European Union or other markets. This fragmentation can lead to inconsistencies in the availability of pet scanners worldwide, potentially creating disparities in the quality of veterinary diagnostics across different regions. The need to invest in regulatory expertise and resources can also strain smaller companies, potentially stifling competition and innovation within the market. Despite these challenges, ongoing efforts to streamline regulatory processes and foster international cooperation aim to mitigate these barriers, ultimately supporting the growth and accessibility of advanced veterinary diagnostic technologies.
Opportunities:
- Technological Innovation
- Expansion into Emerging Markets
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Telemedicine Integration - The integration of pet scanners with telemedicine platforms represents a significant advancement in veterinary care, offering remote diagnostic services that can greatly enhance access to veterinary expertise. This integration allows veterinarians to analyze imaging results remotely, providing timely consultations and second opinions without the need for pet owners to visit multiple facilities. For pet owners in rural or underserved areas, where access to specialized veterinary services might be limited, this technology ensures that they can receive high-quality diagnostic care without the constraints of geographical boundaries. The ability to transmit high-resolution images from pet scanners to telemedicine platforms facilitates accurate and efficient diagnosis and treatment planning, ultimately leading to better health outcomes for pets.
Moreover, integrating pet scanners with telemedicine platforms enhances the overall service offerings of veterinary clinics, making them more competitive and responsive to the evolving needs of pet owners. This technology enables veterinary clinics to offer comprehensive care packages that include remote monitoring and follow-up consultations, which are particularly beneficial for managing chronic conditions or postoperative recovery. Additionally, telemedicine-supported diagnostics can improve the efficiency of veterinary practices by reducing the need for in-person visits for routine diagnostic checks, thereby freeing up clinic resources for more complex cases. The combination of pet scanners and telemedicine also allows for the creation of a digital repository of pet health records, which can be easily accessed and shared among veterinary professionals, ensuring continuity of care and fostering collaborative treatment approaches.
Competitive Landscape Analysis
Key players in Global Pet Scanners Market include.
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Modality
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Pet Scanners Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Advancements in Technology
- Growing Pet Ownership
- Awareness of Pet Health
- Restraints
- High Initial Investment
- Lack of Skilled Professionals
- Regulatory Hurdles
- Opportunities
- Technological Innovation
- Expansion into Emerging Markets
- Telemedicine Integration
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Pet Scanners Market, By Type, 2021 - 2031 (USD Million)
- Full Ring PET Scanner
- Partial Ring PET Scanner
- Pet Scanners Market, By Modality, 2021 - 2031 (USD Million)
- PET-CT
- PET-MRI
- Pet Scanners Market, By Application, 2021 - 2031 (USD Million)
- Pet Scanners for Oncology
- Pet Scanners in Cardiology
- Pet Scanners in Neurology
- Pet Scanners Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Diagnostic Imaging Centers
- Academic & Research Institutes
- Pet Scanners Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Pet Scanners Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
- Company Profiles
- Analyst Views
- Future Outlook of the Market