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, Oth
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationVeterinary 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, Oth
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. Ultrasound is a non-invasive diagnostic tool that is used to examine internal organs, tissues, and fluids in animals. It is a valuable tool for veterinarians in diagnosing and monitoring various conditions in animals such as pregnancy, heart disease, and cancer. Ultrasound machines can also be used for guided procedures such as biopsies and fluid collection. One of the primary challenges facing the veterinary ultrasound market is the high cost of equipment. While advances in ultrasound technology have made it possible to develop smaller, more portable, and more affordable ultrasound machines, the cost of these machines can still be prohibitive for many veterinary practices. This can limit the adoption of ultrasound technology in some markets, particularly in developing countries. Another challenge facing the veterinary ultrasound market is a limited number of skilled operators. Performing ultrasound requires specialized training and expertise, and there is a shortage of trained operators in some markets. This can limit the adoption of ultrasound technology, as veterinary practices may not have the necessary resources to train staff or hire additional operators. While ultrasound is a valuable diagnostic tool in animal healthcare, it faces competition from alternative technologies, such as X-ray and MRI. While these technologies are more expensive, they may offer higher resolution images or be more suitable for certain applications, such as bone imaging. This competition can limit the adoption of ultrasound technology in some markets. There is a lack of standardization in the veterinary ultrasound market, particularly in terms of protocols and training programs. This can make it difficult for veterinarians to compare results and make accurate diagnoses, as different operators may use different techniques and settings. Standardization efforts are underway in some markets, but more work is needed to establish universal protocols and training programs. The adoption of veterinary ultrasound technology can be challenging in rural areas, where access to veterinary services and resources may be limited. This can limit the availability of ultrasound technology and the ability of veterinarians to use it in these settings. Additionally, the cost of equipment and training may be higher in rural areas, further limiting adoption.
Increasing Companion Animal Population is Fueling the Market Growth
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.
Growing Awareness about Pet Healthcare is Driving the Market Growth
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.
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.
- The Easi-Scan ultrasound device, launched by IMV imaging in 2020, is a portable ultrasound system designed for use in bovine reproductive health. The device offers high-resolution images, a touchscreen interface, and a range of advanced features, including wireless connectivity and remote monitoring capabilities.
- Clarius Imaging launched the Clarius Veterinary ultrasound device in 2021, offering a wireless, handheld ultrasound system that can be used with a smartphone or tablet. The device offers high-quality imaging, automatic gain and frequency adjustments, and a range of customizable settings.
- GE Healthcare launched the LOGIQ V2 ultrasound system in 2021, designed specifically for use in veterinary practices. The system offers advanced imaging capabilities, including 3D and 4D imaging, and a range of specialty probes for different applications, including musculoskeletal and cardiac imaging.
- Mindray launched the DP-20Vet ultrasound system in 2021, offering high-quality imaging and a range of features designed specifically for veterinary use, including a range of specialty probes, customizable settings, and advanced image processing.
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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.
| 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. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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