Global Veterinary Ultrasound Market Size Study, by Type (2D Ultrasound, Doppler Ultrasound, 3D/4D Ultrasound), by Product (Cart-based, Portable), by Technology (Digital, Contrast), by Animal (Small Animals, Large Animals, Other Animals), by Application (Obstetrics/Gynecology, Cardiology, Orthopaedics, Other Applications), by End User (Veterinary Hospitals and Academic Institutes, Veterinary Clinics, Other End Users), and Regional Forecasts 2022-2032
Global Veterinary Ultrasound Market is valued at approximately USD 359.81 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2024-2032. Veterinary ultrasound is a non-invasive imaging technology used by veterinarians to diagnose and monitor various health conditions in animals. This technology relies on high-frequency sound waves to produce images of internal organs, tissues, and blood vessels, making it a crucial tool in veterinary medicine.
The market is driven by factors such as the increasing pet population and pet healthcare expenditure, coupled with technological advancements in ultrasound devices. The rising adoption of pets, particularly in developed regions, has led to an increased focus on their health and well-being, driving demand for advanced diagnostic tools like ultrasound. Furthermore, innovations such as portable and handheld ultrasound devices have made it easier for veterinarians to perform diagnostic procedures outside of traditional clinic settings, expanding the use of ultrasound in field applications.
However, the high cost of veterinary ultrasound devices poses a significant challenge, particularly for smaller veterinary practices and clinics in developing regions. The initial investment required for these advanced devices, along with ongoing maintenance and upgrade costs, can be prohibitive. Despite these challenges, the market offers significant growth opportunities, particularly in emerging markets where economic development and increasing pet ownership are driving demand for advanced veterinary services. Governments in these regions are also investing in improving animal health infrastructure, further boosting the market potential for veterinary ultrasound equipment.
Key regions considered in the global veterinary ultrasound market study include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America dominates the market, attributed to high pet ownership rates, advanced veterinary infrastructure, and strong pet healthcare spending. Meanwhile, Asia-Pacific is expected to witness significant growth due to rapid urbanization, increasing pet adoption, and expanding veterinary services.
Major market players included in this report are:GE Healthcare (US)
Esaote SpA (Italy)
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
Siemens Healthineers (Germany)
FUJIFILM Holdings Corporation (Japan)
Chison Medical Technologies Co., Ltd., (China)
Shantou Institute of Ultrasonic Instruments Co., Ltd. (China)
E.I. Medical Imaging (US)
EDAN Diagnostics, Inc. (China)
BMV Technology Co., Ltd (China)
Samsung Electronics Co., Ltd. (South Korea)
Vinno Technology (China)
Shenzhen Ricso Technology Co., Ltd (China)
SonoScape Medical Corp. (China)
Interson Corporation (US)
The detailed segments and sub-segments of the market are explained below:By Type:
• 2D Ultrasound
• Doppler Ultrasound
• 3D/4D Ultrasound
By Product:
• Cart-based
• Portable
By Technology:
• Digital
• Contrast
By Animal:
• Small Animals
• Large Animals
• Other Animals
By Application:
• Obstetrics/Gynecology
• Cardiology
• Orthopaedics
• Other Applications
By End User:
• Veterinary Hospitals and Academic Institutes
• Veterinary Clinics
• Other End Users
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
• RoLA
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand-side and supply-side analysis of the market.
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