Veterinary Ultrasound Market to be dominated by 3D/4D Ultrasound Type through 2028
Increasing companion animal population is expected to drive the
growth of global veterinary ultrasound market in the forecast period, 2024-2028.
According to TechSci Research report, “Veterinary Ultrasound Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”,
the global veterinary ultrasound market is
anticipated to grow at an impressive rate in the forecast period, 2024-2028.
This can be ascribed to the increasing adoption of companion pets like dog,
cat, horse, etc., across the globe. Additionally, increasing incidence of
veterinary diseases like specific disorders and internal injuries in livestock
and pets, in developed countries like North America and Europe, is expected to
create lucrative opportunities for the market growth in coming years. Besides, the
introduction of advanced technologies such as 3D or 4D ultrasound and the increasing
availability of affordable pet healthcare products, along with research and
development activities, is further expected to support the market growth. Similarly,
portable ultrasound scanners is also expected to create significant growth
during the forecast period. Additionally, the development of new solutions by
key players will drive the market growth over the years. Furthermore, increase
in the prevalence of veterinary diseases and the rapid expansion of veterinary
industry will enhance the demand for
However, lack
of skilled professionals in underdeveloped countries and limited application of
ultrasound devices, compared to other medical devices like CT or MRI, are two
factors responsible for slowing down the growth of global veterinary ultrasound
market in the forecast period. Similarly, high cost of ultrasound devices
prompts pet owners to avoid an ultrasound until it become necessary. This
aspect may hamper the veterinary ultrasound market growth during the forecast
period.
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The global veterinary ultrasound market
can be segmented by type, by mobility, by technology, by animal type, by
application, by end user and by region. Based on
type, the global veterinary ultrasound market
can be segmented into 2D Ultrasound, Doppler Ultrasound, 3D/4D
Ultrasound. The 3D/4D ultrasound segment dominated the
market in 2022 and is expected to continue maintaining its dominance throughout
the forecast period. This can be ascribed to the increasing technological
advancement demand for 3D OR 4D ultrasound and increasing animal disease. Similarly,
the growing prevalence of animal diseases is also enhanced the demand for
veterinary ultrasound market during the forecast period.
Based on End User, the market can be segmented
into Veterinary
Hospitals & Clinics, Academic & Research Institutes, Others. The veterinary hospitals and clinics segment
is expected to dominate during the forecast period on account of increasing
demand for using advanced technology such as efficient pet owner mobile
technologies and cloud-based information management systems and increasing
adoption of new technology in hospitals and clinics for better treatment and
diagnosis. Similarly, increasing
collaborations between market players and reference laboratories are expected
to boost the market growth during the forecast period.
Major companies operating in global Veterinary Ultrasound market are:
- Siemens Healthineers AG
- Esaote SpA
- GE Healthcare
- Shimadzu Corporation
- Shenzhen Mindray Bio-Medical
Electronics Co., Ltd.
- FUJIFILM Holdings Corporation
- SonoScape Medical Corp
- Samsung Electronics Co., Ltd.
- Diagnostic Imaging Systems,
Inc.
- IMV Imaging (UK) Limited
In the year of 2018, BMV Technology Co, launched
wireless IP67 launched wireless IP67 Veterinary Ultrasound S9 that can be
integrated with an android app.
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“North America is
expected to dominate in the global veterinary ultrasound market on account of increasing veterinary healthcare
expenditure in the region and increasing number of pet owners. The rising
adoption of pet insurance in the region is further contributing to the demand
for veterinary ultrasound. Besides, growing adoption of companion animals like
dog, cat, horse, etc. and rising research and development activities is further
expected to create lucrative opportunities for the market growth” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Veterinary
Ultrasound Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (2D Ultrasound, Doppler
Ultrasound, 3D/4D Ultrasound), By Mobility (Stationary v/s Portable), By Technology
(Digital Imaging v/s Contrast Imaging), By Animal Type (Companion Animals v/s
Livestock Animals), By Application (Obstetrics & Gynecology, Cardiology, Orthopedics,
Others), By End User (Veterinary Hospitals & Clinics, Academic &
Research Institutes, Others), By
Region and Competition”, has evaluated
the future growth potential of global veterinary ultrasound market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global veterinary
ultrasound market.
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