The global veterinary ultrasound market is projected to reach a value of USD 348.8 million by 2025, growing at a CAGR of 6.0%. Increasing adoption of small companion animals, rapid rise in veterinary disorders, increasing expenditure on pet care are factors likely to drive the veterinary ultrasound market over the next few years. Need for high end livestock productivity improvement more specifically in mid and low income economies is the key growth contributor for veterinary ultrasound market. Surge in animal derivatives such as meat and dairy based products is a significant booster.
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Additionally, daunting rise in pet ownership and growing influence of companion animals have propelled reliance on veterinary ultrasound to ensure optimum wellbeing of livestock and companion animals alike. Adroit Market Research actively explores multifarious developments rampantly available in the industry and lucrative ROI as well as effective growth strategies braced by leading players in the industry that coin futuristic investment decisions through the forecast time frame.
Veterinary ultrasound is highly used to make appropriate identification and detection about organs, their appearances and status as well as overall tissues, vessels and contours to scout for any abnormalities such as tumors in the abdomen, heart or the chest thereby improve veterinary diagnosis and therapeutic outcome. In recent times, with improved standard of living and disposable wealth, factors such as affordable pet insurance schemes and other benefits are rising profusely, also pushing global veterinary ultrasound market towards steady growth.
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Despite favorable developments, lack of optimum knowledge and high costs are likely to hamper growth significantly. Rise in animal diseases requires effective and early diagnosis which further requires advanced medical devices and tools for effective diagnosis and subsequent therapeutic outcome. This growing need for advanced medical devices and tools is anticipated to beckon growth stability and revenue sustenance in global veterinary ultrasound market.
Instruments uses in veterinary ultrasound activities are being heavily relied upon owing to their advanced technological breakthroughs as well as affordable pricing structures to align with growing needs.
The global veterinary ultrasound market has been segmented based on product, type, technology, animal type, application, end-user, and region. Based on product, the global veterinary ultrasound market is categorized into cart-based ultrasound scanners and portable/compact ultrasound scanners. On the basis of animal type, the global veterinary ultrasound market is segmented into small companion animals and large animals. Small animals held majority of the market share in 2018.
Based on type, the veterinary ultrasound market is classified into 2D, 3D, and Doppler imaging. 2D ultrasound segment dominated the global market in 2018. Technology-wise, the global veterinary ultrasound market is categorized into digital imaging technology and analog imaging technology. Based on application, the veterinary ultrasound market is segmented into obstetrics & gynecology, oncology, cardiology, orthopedics and other applications. Veterinary ultrasound equipment is majorly adopted in veterinary hospitals, veterinary clinics, and other facilities. Veterinary clinics dominated the global veterinary ultrasound market in 2018 owing to increase in number of visits by pet owners to veterinary physicians in the developed regions for the treatment of their pets.
North America dominated the global veterinary ultrasound market in 2018. Greater adoption of companion animals, high expenditure on pet care and presence of large number of veterinary hospitals and clinics in the region are key factors likely to drive the growth of the market in the next few years.
Major players operating in the global veterinary ultrasound market include Siemens AG, GE Healthcare, Esaote SpA, FUJIFILM Holdings Corporation, Samsung Medison Co., Ltd., IMV Imaging, DRAMIÑSKI S.A., Mindray Medical, Shenzhen Ricso Technology Co., Ltd., Diagnostic Imaging Systems Inc., Shantou Institute of Ultrasonic Instruments Co., Ltd. (SIUI), and SonoScape Medical Corporation among others.
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Key Segments of the Global Veterinary Ultrasound Market
Product Overview, 2015-2025 (USD Million)
- Cart-based Ultrasound Scanners
- Hand-held/Compact Ultrasound Scanners
Type Overview, 2015-2025 (USD Million)
- 2D Ultrasound
- 3D/4D Ultrasound
- Doppler Ultrasound
Technology Overview, 2015-2025 (USD Million)
- Digital Imaging Technology
- Analog Imaging Technology
Animal Type Overview, 2015-2025 (USD Million)
- Small Companion Animals
- Large Animals
Application Overview, 2015-2025 (USD Million)
- Obstetrics & Gynecology
End-users Overview, 2015-2025 (USD Million)
- Veterinary Hospitals
- Veterinary Clinics
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Key Questions Addressed in the Report
- Who are the top 10 players operating in the global animal ultrasound market?
- What areas the drivers, restraints, opportunities, and challenges in the animal/veterinary ultrasound industry?
- What are the new technological advancements in the veterinary ultrasound market?
- What are the growth trends at the segmental and overall market levels?
- Which are the untapped emerging regions in market?
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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