Animal/Veterinary Ultrasound Market By Type (2D Ultrasound, Doppler Ultrasound, 3D/4D Ultrasound), By Product (Cart-based Ultrasound Scanners, Portable Ultrasound Scanners), By End User (Veterinary Clinics, Veterinary Hospitals, Other End Users): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global veterinary ultrasound market was valued at $ 292.91 million in 2021 and is estimated to reach $ 523.91 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
Diagnostic ultrasound is a non-invasive diagnostic technique used to image inside the body. A transducer, which can simultaneously emit and detect ultrasonic echoes reflected back, generates ultrasound waves. Animals are imaged in general and for disease monitoring and pregnancy detection using veterinary ultrasonography equipment. Veterinarians employ these tools to find illnesses in a variety of animal species in clinics, hospitals, and research facilities.
The veterinary ultrasound market is expected to experience significant growth during the forecast period owing to an increase in the adoption of companion animals, a rise in animal health awareness, and a growth in the prevalence of animal disease. In addition, the rise in pet insurance purchases, technological advancements in veterinary imaging systems, and the increase in the number of veterinary hospitals with the surge in the number of veterinary professionals, further support the market growth.
However, the low per capita GDP in underdeveloped countries as they often lack essential infrastructure facilities are expected to hamper market growth. Conversely, a rise in awareness of animal health in developing nations is a lucrative opportunity for the market growth.
The veterinary ultrasound market is segmented on the basis of type, product, end user, and region. On the basis of product, the market is categorized into 2D ultrasound, Doppler ultrasound and 3D/4D ultrasound. By type, it is divided into cart-based ultrasound scanners and portable ultrasound scanners. By end user, it is segmented into veterinary clinics, veterinary hospitals, and other end users Region-wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Carestream Health, Inc., Esaote S.P.A., Fujifilm Holdings Corp, General Electric , Heska corporation, Idexx laboratories Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd , Siemens Limited and Sound Technologies.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the animal/veterinary ultrasound market analysis from 2021 to 2031 to identify the prevailing animal/veterinary ultrasound market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the animal/veterinary ultrasound market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global animal/veterinary ultrasound market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
2D Ultrasound
Doppler Ultrasound
3D/4D Ultrasound
By Product
Cart-based Ultrasound Scanners
Portable Ultrasound Scanners
By End User
Veterinary Clinics
Veterinary Hospitals
Type
Private
Public
Other End Users
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
IDEXX
CARESTREAM HEALTH
Esaote SpA
SOUND
Fujifilm Sonosite, Inc.
Hallmarq Veterinary Imaging
BCF (IMV Imaging)
Shenzhen Mindray Bio-Medical Electronics Co., Ltd
Siemens Medical Solutions
Heska Corp.
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