Global Veterinary Ultrasound Market is anticipated to witness an impressive growth during the
forecast period. This can be ascribed to the growing prevalence of various
pet related diseases like cancer. Additionally, growing number of veterinary
clinics and hospital across the region and rising uptake of pet care and
insurance domain have significantly increased the demand for veterinary
ultrasound across different parts of the globe. Additionally, growing awareness
pertaining animal health and safety remains a primary contributor for the adoption
of ultrasound, helping fuel the market growth through 2028. Besides, increasing
disposable income and growing government schemes, combined with various other
initiatives across countries for animal healthcare, are further expected to
support the veterinary ultrasound market during the forecast period.
Furthermore, growing prevalence of cardiovascular disorders, along with the
rapidly increasing pet population, is further expected to increase the demand
for veterinary ultrasound procedures, thereby supporting the market growth.
Increasing
Companion Animal Population is Fueling the Market Growth
Worldwide,
the number of companion animals and their adoption rate have both increased
sharply. Keeping a companion animal is related to superior health outcomes,
including fewer cardiac arrhythmias, normalized blood pressure, less
anxiety, more psychological stability, and better overall wellbeing, according
to many studies. The demand for pet care goods and services is anticipated to
increase due to the growing pet population worldwide, which will subsequently
fuel the expansion of the veterinary ultrasound market throughout the course of
the projected period. According to the National Pet Owners Survey
(2021-2022) conducted by the American Pet Products Association (APPA), 70% of
US households which accounts for approximately 90.5 million families, own a pet.
Emerging countries such as Brazil, China, Japan, and Mexico also have significant
growth in pet ownership.
Growing
Awareness about Pet Healthcare is Driving the Market Growth
Increasing
need for animal diagnostic for various issues such as pregnancy related problem,
organ enlargement, foreign body ingestion, and internal injuries have resulted
in an increase in animal healthcare expenditure, which will further boost the
market growth during the forecast period. Rising demand for better animal
healthcare is a factor likely to drive the global veterinary ultrasound market.
North America, Europe and Asia Pacific are likely to be key markets for the
growth of veterinary ultrasound. Moreover, increasing support from the
government in terms of insurance and investments in the veterinary healthcare industry
is also supporting the growth of the veterinary ultrasound market in the
forecast period. In 2017, around 1,010 out of 100,000 cats and 508 out of
100,000 dogs seen at Banfield Hospitals had intestinal parasites. This
statistic shows low prevalence health conditions among cats and dogs in the
U.S. in 2017.
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Market
Segmentation
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 market can be segmented into 2D Ultrasound, Doppler Ultrasound, 3D/4D Ultrasound. Based on mobility,
the market can be divided into Stationary and Portable. Based on technology,
the market can be divided into Digital
Imaging and Contrast Imaging. Based on animal type, the market can be divided
into Companion Animals and Livestock Animals. Based on application, the market
can be differentiated into Obstetrics & Gynecology, Cardiology,
Orthopedics, and Others. Based on end user, the market can be segmented into Veterinary
Hospitals & Clinics, Academic & Research Institutes, and Others. Regionally,
North America dominated the market among Asia Pacific, Europe, Middle East
& Africa, and South America. Among the different countries, United States
dominated the global veterinary ultrasound market on account of growing demand
for veterinarians and increasing number of animals being adopted as pets.
Market Players
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 are some of the leading players operating in the Global
Veterinary Ultrasound Market.
Recent Development
- For instance, in August 2020,
IDEXX Laboratories, Inc. launched the ImageVue DR30 Digital Imaging System,
hence expanding its imaging portfolio.
- For instance, in October 2021,
Butterfly Network Inc. launched its latest handheld ultrasound scanner called
Butterfly iQ+ Vet, which is a second-generation device and brings sharper
imaging, a new procedural guidance tool, and hardware improvements that make
the solution more powerful, versatile, and easy-to-use.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic
Data
|
2018 – 2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments Covered
|
·
By Type
·
By Mobility
·
By Technology
·
By Animal Type
·
By Application
·
By End User
·
By Region
|
|
Regional
scope
|
North
America; Europe; Asia Pacific; South America; Middle East & Africa
|
|
Country
scope
|
United States; Mexico; Canada; France; Germany; United
Kingdom; Italy; Spain; China; India; South Korea; Japan; Australia; Brazil; Argentina; Colombia;
South Africa; Saudi Arabia; UAE; Egypt; Turkey
|
|
Key
companies profiled
|
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
|
|
Customization
scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and
purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, global veterinary ultrasound market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Veterinary Ultrasound Market, By Type:
o 2D Ultrasound
o Doppler Ultrasound
o 3D/4D Ultrasound
·
Veterinary
Ultrasound Market,
By Mobility:
o Stationary
o Portable
- Veterinary
Ultrasound Market, By Technology:
o
Digital Imaging
o
Contrast Imaging
·
Veterinary
Ultrasound Market, By Animal Type:
o Companion Animals
o Livestock Animals
·
Veterinary
Ultrasound Market, By Application:
o Obstetrics & Gynecology
o Cardiology
o Orthopedics
o Others
·
Veterinary
Ultrasound Market, By End User:
o Veterinary Hospitals & Clinics
o Academic & Research Institutes
o Others
·
Veterinary
Ultrasound Market, By Region:
o North America
§ United States
§ Mexico
§ Canada
o Europe
§ France
§ Germany
§ United Kingdom
§ Italy
§ Spain
o Asia Pacific
§ China
§ India
§ South Korea
§ Japan
§ Australia
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Egypt
§ Turkey
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Global Veterinary Ultrasound Market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Global Veterinary Ultrasound
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