Global Veterinary Ultrasound Devices Market Size study & Forecast, by Product (Hand-held (Portable) Ultrasound Scanner and Cart-based Ultrasound Scanner), by Animal Type (Small Animals and Large Animals) and Regional Analysis, 2022-2029

Global Veterinary Ultrasound Devices Market Size study & Forecast, by Product (Hand-held (Portable) Ultrasound Scanner and Cart-based Ultrasound Scanner), by Animal Type (Small Animals and Large Animals) and Regional Analysis, 2022-2029

Global Veterinary Ultrasound Devices Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Veterinary Ultrasound Devices are the type of devices that are used for enlightening the pet body part, that is critical to a certain disease. This is done by producing high-frequency sound waves to produce images of the inside of the body. The Veterinary Ultrasound Devices market is expanding because of factors such as increasing animal adoption and rise in demand for diagnosis of various animal health conditions. Further, technological advancements in Veterinary ultrasound devices and increasing animal health expenditure are anticipated to grow over the forecast period. The market is dominated by Fujifilm Holdings Corporation, IMV Imaging, Samsung Medison Co Ltd and others.

As of 2021, 3.2 million households in the United Kingdom had acquired a pet since the outbreak started, according to the Pet Food Manufacturers Association. There are currently 34 million pets in the United Kingdom, including 12 million cats, 12 million dogs, 3.2 million rats and hamsters, 3 million birds, and 1.5 million reptiles. The annual sales of pet products and services in the United States reached close to USD 100 billion in 2019, according to research by the American Veterinary Medical Association on the annual expenditure on pets in the United States, updated in March 2020. Approximately USD 36.9 billion has been spent on pet food and treats, USD 23.9 billion on veterinary products and service sales, and USD 19.2 billion on supplies, live animals, and over-the-counter medicines, according to the same source. So, throughout the duration of the forecast period, a surge in pet ownership coupled with an increase in veterinary spending is expected to drive market expansion. However, the high cost of the devices and lack of skilled professionals stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Veterinary Ultrasound Devices Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to rising adoption of pets over the globe. Additionally, the 2021–2022 National Pet Owners Survey by the American Pet Products Association (APPA) estimated that about 70% of US households—or 90.5 million homes—have pets, comprising 45.3 million cats and 69 million dogs. The same source claims that there are 6.2 million houses with small mammals in the United States. Asia Pacific is expected to grow significantly during the forecast period, owing to rising pet healthcare expenditure in the region.

Major market players included in this report are:
VMX Clarius Mobile Health
Canon Inc.
Draminski SA
Esaote SpA
Fujifilm Holdings Corporation
IMV Imaging
Samsung Medison Co. Ltd
Mindray Medical International Limited
Siemens Healthineers AG
Sonostar Technologies Co. Limited

Recent Developments in the Market:
 In January 2022, VMX Clarius Mobile Health revealed the third version of VMX Clarius Mobile Health's high-performance, cordless handheld ultrasound scanners for veterinarian. Further, the main objective of this launch was to provide, 30% smaller and lighter pocket-sized scanner in the US.
 In January 2022, IMV Technologies acquired VES Custom Optics (VESCO). VESCO is a veterinary endoscopy company, that is based in United Kingdom. IMV Imaging's service dog division, IMV Technologies' veterinarian ultrasonography and diagnostic equipment polarization.

Global Veterinary Ultrasound Devices Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Animal Type and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Product:
Hand-held (Portable) Ultrasound Scanner
Cart-based Ultrasound Scanner

By Animal Type:
Small animal
Large animal

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World


Companies Mentioned

VMX Clarius Mobile Health
Canon Inc.
Draminski SA
Esaote SpA
Fujifilm Holdings Corporation
IMV Imaging
Samsung Medison Co. Ltd
Mindray Medical International Limited
Siemens Healthineers AG
Sonostar Technologies Co. Limited

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