The global veterinary ultrasound market was valued at $292.91 million in 2021 and is estimated to reach $523.91 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
Diagnostic ultrasound is a non-invasive diagnostic technique used to image inside the body. A transducer, which can simultaneously emit and detect ultrasonic echoes reflected back, generates ultrasound waves. Animals are imaged in general and for disease monitoring and pregnancy detection using veterinary ultrasonography equipment. Veterinarians employ these tools to find illnesses in a variety of animal species in clinics, hospitals, and research facilities.
The veterinary ultrasound market is expected to experience significant growth during the forecast period owing to an increase in the adoption of companion animals, a rise in animal health awareness, and a growth in the prevalence of animal disease. In addition, the rise in pet insurance purchases, technological advancements in veterinary imaging systems, and the increase in the number of veterinary hospitals with the surge in the number of veterinary professionals, further support the market growth.
However, the low per capita GDP in underdeveloped countries as they often lack essential infrastructure facilities are expected to hamper market growth. Conversely, a rise in awareness of animal health in developing nations is a lucrative opportunity for the market growth.
The veterinary ultrasound market is segmented on the basis of type, product, end user, and region. On the basis of product, the market is categorized into 2D ultrasound, Doppler ultrasound and 3D/4D ultrasound. By type, it is divided into cart-based ultrasound scanners and portable ultrasound scanners. By end user, it is segmented into veterinary clinics, veterinary hospitals, and other end users Region-wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Carestream Health, Inc., Esaote S. P. A., Fujifilm Holdings Corp, General Electric, Heska corporation, Idexx laboratories Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, Siemens Limited and Sound Technologies.
Diagnostic ultrasound is a non-invasive diagnostic technique used to image inside the body. A transducer, which can simultaneously emit and detect ultrasonic echoes reflected back, generates ultrasound waves. Animals are imaged in general and for disease monitoring and pregnancy detection using veterinary ultrasonography equipment. Veterinarians employ these tools to find illnesses in a variety of animal species in clinics, hospitals, and research facilities.
The veterinary ultrasound market is expected to experience significant growth during the forecast period owing to an increase in the adoption of companion animals, a rise in animal health awareness, and a growth in the prevalence of animal disease. In addition, the rise in pet insurance purchases, technological advancements in veterinary imaging systems, and the increase in the number of veterinary hospitals with the surge in the number of veterinary professionals, further support the market growth.
However, the low per capita GDP in underdeveloped countries as they often lack essential infrastructure facilities are expected to hamper market growth. Conversely, a rise in awareness of animal health in developing nations is a lucrative opportunity for the market growth.
The veterinary ultrasound market is segmented on the basis of type, product, end user, and region. On the basis of product, the market is categorized into 2D ultrasound, Doppler ultrasound and 3D/4D ultrasound. By type, it is divided into cart-based ultrasound scanners and portable ultrasound scanners. By end user, it is segmented into veterinary clinics, veterinary hospitals, and other end users Region-wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Carestream Health, Inc., Esaote S. P. A., Fujifilm Holdings Corp, General Electric, Heska corporation, Idexx laboratories Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, Siemens Limited and Sound Technologies.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the animal/veterinary ultrasound market analysis from 2021 to 2031 to identify the prevailing animal/veterinary ultrasound market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the animal/veterinary ultrasound market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global animal/veterinary ultrasound market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- 2D Ultrasound
- Doppler Ultrasound
- 3D/4D Ultrasound
By Product
- Cart-based Ultrasound Scanners
- Portable Ultrasound Scanners
By End User
- Veterinary Clinics
- Veterinary Hospitals
- Type
- Private
- Public
- Other End Users
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- IDEXX
- CARESTREAM HEALTH
- Esaote SpA
- SOUND
- Fujifilm Sonosite, Inc.
- Hallmarq Veterinary Imaging
- BCF (IMV Imaging)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- Siemens Medical Solutions
- Heska Corp.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Patent Landscape
CHAPTER 4: ANIMAL/VETERINARY ULTRASOUND MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 2D Ultrasound
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Doppler Ultrasound
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 3D/4D Ultrasound
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: ANIMAL/VETERINARY ULTRASOUND MARKET, BY PRODUCT
5.1 Overview
5.1.1 Market size and forecast
5.2 Cart-based Ultrasound Scanners
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Portable Ultrasound Scanners
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: ANIMAL/VETERINARY ULTRASOUND MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Veterinary Clinics
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Veterinary Hospitals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.3.4 Veterinary Hospitals Animal/Veterinary Ultrasound Market by Type
6.3.4.1 Private Market size and forecast, by region
6.3.4.2 Public Market size and forecast, by region
6.4 Other End Users
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: ANIMAL/VETERINARY ULTRASOUND MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Product
7.2.4 North America Market size and forecast, by End User
7.2.4.1 North America Veterinary Hospitals Animal/Veterinary Ultrasound Market by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Product
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Product
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Product
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Product
7.3.4 Europe Market size and forecast, by End User
7.3.4.1 Europe Veterinary Hospitals Animal/Veterinary Ultrasound Market by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Product
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Product
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Product
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Product
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Product
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Product
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Product
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.4.1 Asia-Pacific Veterinary Hospitals Animal/Veterinary Ultrasound Market by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Product
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Product
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Product
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Product
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Product
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Product
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Product
7.5.4 LAMEA Market size and forecast, by End User
7.5.4.1 LAMEA Veterinary Hospitals Animal/Veterinary Ultrasound Market by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Product
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Product
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Product
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Type
7.5.5.4.2 Market size and forecast, by Product
7.5.5.4.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 IDEXX
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 CARESTREAM HEALTH
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Esaote SpA
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 SOUND
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Fujifilm Sonosite, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Hallmarq Veterinary Imaging
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 BCF (IMV Imaging)
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Shenzhen Mindray Bio-Medical Electronics Co., Ltd
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Siemens Medical Solutions
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Heska Corp.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Animal/Veterinary Ultrasound Market,' the animal/veterinary ultrasound market was valued at $0.2 billion in 2021, and is estimated to reach $0.5 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.Sonography, often known as an ultrasound scan, creates images using sound waves or echoes rather than radiation, making it a safe procedure. In addition to evaluating fetal development, ultrasound scans can spot issues with the liver, heart, kidneys, or abdomen. Further, they might help with some types of biopsies.
The availability of portable ultrasound devices, expansion in the adoption of companion animals increase in pet insurance purchases, and a rise in animal health spending is the main Veterinary Ultrasound Market Trends driving market growth in the Animal Ultrasound Market. The Animal Ultrasound Market is also developing as a result of the rise in the incidence of various types of animal diseases, including lung and gastrointestinal ailments.
The rise in cautiousness among owners about pet health fuels the growth of the Veterinary Ultrasound Industry. In addition, technological advancements in Veterinary Ultrasound Industry drive market growth. Moreover, diagnosis and treatment of animal ailments require a considerable amount of funds. The number of consumers seeking such services has increased, and are willing to spend more which flourishes the Veterinary Ultrasound Industry growth. However, the lack of availability of veterinary imaging systems considerably hinders the Veterinary Ultrasound Market Size. Conversely, the surge in awareness related to the importance of using ultrasound systems with an increasing number of skilled veterinary professionals in developing countries is a lucrative opportunity for market growth.
By type, the market is segmented into 2D ultrasound, Doppler ultrasound, and 3D/4D ultrasound. The 2D segment generated the maximum Veterinary Ultrasound Market Size in 2021, owing to cost-effectiveness and ease of availability. The 3D/4D ultrasound segment is expected to witness the highest CAGR during the Veterinary Ultrasound Market Forecast period, owing to an increase in demand in developed nations.
By product, the market is bifurcated into cart-based ultrasound scanners and portable ultrasound scanners. The cart-based segment dominated the market in 2021 and is expected to witness the highest CAGR during the forecast period owing to increased demand in emergency rooms and intensive care units.
By end user, the market is divided into veterinary clinics, veterinary hospitals, and other end users. The veterinary clinics' segment dominated the Veterinary Ultrasound Market Share in 2021 and is expected to witness the highest CAGR during the forecast period owing to the increase in the number of veterinary clinics.
North America accounted for a majority of the global veterinary ultrasound market share in 2021 and is anticipated to remain dominant during the Veterinary Ultrasound Market Analysis period. This is attributed to technological advancements in Veterinary Ultrasound Industry, the integration of advanced devices and software processes in veterinary ultrasound devices, presence of key and robust hospital infrastructure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to a rise in pet adoption, the development of healthcare infrastructure, and an increase in investment projects in the region.
Key findings of the study
By type, the 2D ultrasound segment was the highest contributor to the market in 2021.By product, the cart-based ultrasound segment was the highest contributor to the market in 2021.
By end user, the veterinary clinics segment was the highest contributor in 2021 and is expected to continue this trend during the forecast period.
Region wise, North America occupied the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Idexx
- Carestream Health
- Esaote Spa
- Sound
- Fujifilm Sonosite, Inc.
- Hallmarq Veterinary Imaging
- Bcf (Imv Imaging)
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Siemens Medical Solutions
- Heska Corp.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 292.91 million |
| Forecasted Market Value ( USD | $ 523.91 million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
