
Global Veterinary Ultrasound Market Size, Trends and Growth opportunity, By Type (2D, 3D/4D, Doppler), Product (Cart- based Ultrasound Scanners, Portable Scanners), Technology (Contrast, Digital, Analog), Animal Type (Small, Large), Application (Obstetric
Description
Global Veterinary Ultrasound Market Size, By Type (2D, 3D/4D, Doppler), Product (Cart- based Ultrasound Scanners, Portable Scanners), Technology (Contrast, Digital, Analog), Animal Type (Small, Large), Application (Obstetrics, Gynecology, Cardiology, Orthopedics), End User (Clinics, Hospitals, Academic Institutes), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Veterinary Ultrasound Market
The Global Veterinary Ultrasound Market was valued at USD 334 million in 2021 and is expected to reach 449 million by 2027, at a CAGR 3.9% from 2022-2027.
The Veterinary Ultrasound devices are used for disease monitoring, pregnancy detection, and general imaging in animals. These devices are used by veterinarians in clinics, hospitals, and research labs for the detection of disorders in many animal species. Growth in companion animal population, and the growing animal healthcare expenses is projected to increase the number of vet visits by pet owners, contributing to the growth of the overall veterinary Ultrasound market.
Market Drivers
The rise in the companion animal population and adoption rate has witnessed a positive surge on a global scale. Also, healthcare expenditure on companion animals and pet insurance is driving the market. Furthermore, the rapid increase in technological advancements is expected to boost the market in the coming years. The growth in the number of veterinary practitioners in developed countries is also expected to help the market grow at a higher pace in the future.
Market Restraints
The higher cost/prices of the procedures and the instruments used for veterinary ultrasound are considered to curb the market growth in the coming period. However, the launch of new and advanced technologies such as 3D/4D and Doppler have restrained the demand for 2D ultrasound. This is due to the image quality services offered by these new technologies is better than the image quality of 2D ultrasound.
Market Segmentation
The Global Veterinary Ultrasound Market is segmented into Type, Product, Technology, Animal Type, Application, End User, and Region.
Regional Analysis
The Global Veterinary Ultrasound Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the Veterinary Ultrasound Market and it accounted for the largest share of the veterinary ultrasound market in 2021. This was attributed to the well-established animal health industry, higher adoption rate of companion animals, increasing pet adoption, growing expenditure on animal health, and rising awareness about animal health in the region.
Emerging markets such as China, Brazil, India, and Mexico are also witnessing growth in animal ownership.
Key Players
Various key players are discussed into the Global Veterinary Ultrasound Market Report including: GE Healthcare, Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Siemens Healthineers, FUJIFILM Holdings Corporation, Heska Corporation, Samsung Electronics Co., Ltd., Diagnostic Imaging Systems, Inc., IMV Imaging, Shenzhen Ricso Technology Co., Ltd., Sonoscape Medical Corporation, and others.
Market Taxonomy
By Type
Global Veterinary Ultrasound Market
The Global Veterinary Ultrasound Market was valued at USD 334 million in 2021 and is expected to reach 449 million by 2027, at a CAGR 3.9% from 2022-2027.
The Veterinary Ultrasound devices are used for disease monitoring, pregnancy detection, and general imaging in animals. These devices are used by veterinarians in clinics, hospitals, and research labs for the detection of disorders in many animal species. Growth in companion animal population, and the growing animal healthcare expenses is projected to increase the number of vet visits by pet owners, contributing to the growth of the overall veterinary Ultrasound market.
Market Drivers
The rise in the companion animal population and adoption rate has witnessed a positive surge on a global scale. Also, healthcare expenditure on companion animals and pet insurance is driving the market. Furthermore, the rapid increase in technological advancements is expected to boost the market in the coming years. The growth in the number of veterinary practitioners in developed countries is also expected to help the market grow at a higher pace in the future.
Market Restraints
The higher cost/prices of the procedures and the instruments used for veterinary ultrasound are considered to curb the market growth in the coming period. However, the launch of new and advanced technologies such as 3D/4D and Doppler have restrained the demand for 2D ultrasound. This is due to the image quality services offered by these new technologies is better than the image quality of 2D ultrasound.
Market Segmentation
The Global Veterinary Ultrasound Market is segmented into Type, Product, Technology, Animal Type, Application, End User, and Region.
Regional Analysis
The Global Veterinary Ultrasound Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the Veterinary Ultrasound Market and it accounted for the largest share of the veterinary ultrasound market in 2021. This was attributed to the well-established animal health industry, higher adoption rate of companion animals, increasing pet adoption, growing expenditure on animal health, and rising awareness about animal health in the region.
Emerging markets such as China, Brazil, India, and Mexico are also witnessing growth in animal ownership.
Key Players
Various key players are discussed into the Global Veterinary Ultrasound Market Report including: GE Healthcare, Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Siemens Healthineers, FUJIFILM Holdings Corporation, Heska Corporation, Samsung Electronics Co., Ltd., Diagnostic Imaging Systems, Inc., IMV Imaging, Shenzhen Ricso Technology Co., Ltd., Sonoscape Medical Corporation, and others.
Market Taxonomy
By Type
- 2D Ultrasound
- Doppler Ultrasound
- 3D/4D Ultrasound
- Cart- based Ultrasound Scanners
- Portable Ultrasound Scanners
- Digital Imaging
- Contrast Imaging
- Analog Imaging
- Small Companion Animals
- Large Animals
- Other
- Obstetrics
- Gynecology
- Cardiology
- Orthopedics
- Other
- Veterinary Clinics
- Veterinary Hospitals & Academic Institutes
- Other
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Veterinary Ultrasound Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Veterinary Ultrasound Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Veterinary Ultrasound Market Share Analysis, By Type
- 5.3 Global Veterinary Ultrasound Market Size and Forecast, By Type
- 5.3.1 2D Ultrasound
- 5.3.2 Doppler Ultrasound
- 5.3.3 3D/4D Ultrasound
- 6 Global Veterinary Ultrasound Market, By Product
- 6.1 Y-o-Y Growth Comparison, By Product
- 6.2 Global Veterinary Ultrasound Market Share Analysis, By Product
- 6.3 Global Veterinary Ultrasound Market Size and Forecast, By Product
- 6.3.1 Cart- based Ultrasound Scanners
- 6.3.2 Portable Ultrasound Scanners
- 7 Global Veterinary Ultrasound Market, By Technology
- 7.1 Y-o-Y Growth Comparison, By Technology
- 7.2 Global Veterinary Ultrasound Market Share Analysis, By Technology
- 7.3 Global Veterinary Ultrasound Market Size and Forecast, By Technology
- 7.3.1 Digital Imaging
- 7.3.2 Contrast Imaging
- 7.3.3 Analog Imaging
- 8 Global Veterinary Ultrasound Market, By Animal Type
- 8.1 Y-o-Y Growth Comparison, By Animal Type
- 8.2 Global Veterinary Ultrasound Market Share Analysis, By Animal Type
- 8.3 Global Veterinary Ultrasound Market Size and Forecast, By Animal Type
- 8.3.1 Large Animals
- 8.3.2 Small Companion Animals
- 8.3.3 Other
- 9 Global Veterinary Ultrasound Market, By Application
- 9.1 Y-o-Y Growth Comparison, By Application
- 9.2 Global Veterinary Ultrasound Market Share Analysis, By Application
- 9.3 Global Veterinary Ultrasound Market Size and Forecast, By Application
- 9.3.1 Obstetrics
- 9.3.2 Gynecology
- 9.3.3 Cardiology
- 9.3.4 Orthopedics
- 9.3.5 Other
- 10 Global Veterinary Ultrasound Market, By End-Use
- 10.1 Y-o-Y Growth Comparison, By End-Use
- 10.2 Global Veterinary Ultrasound Market Share Analysis, By End-Use
- 10.3 Global Veterinary Ultrasound Market Size and Forecast, By End-Use
- 10.3.1 Veterinary Clinics
- 10.3.2 Veterinary Hospitals & Academic Institutes
- 10.3.3 Other
- 11 Global Veterinary Ultrasound Market, By Region
- 11.1 Global Veterinary Ultrasound Market Share Analysis, By Region
- 11.2 Global Veterinary Ultrasound Market Share Analysis, By Region
- 11.3 Global Veterinary Ultrasound Market Size and Forecast, By Region
- 12 North America Veterinary Ultrasound Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 North America Veterinary Ultrasound Market Share Analysis, By Type
- 12.3 North America Veterinary Ultrasound Market Size and Forecast, By Product
- 12.4 North America Veterinary Ultrasound Market Size and Forecast, By Technology
- 12.5 North America Veterinary Ultrasound Market Size and Forecast, By Animal Type
- 12.6 North America Veterinary Ultrasound Market Size and Forecast, By Application
- 12.7 North America Veterinary Ultrasound Market Size and Forecast, By End-Use
- 12.8 North America Veterinary Ultrasound Market Size and Forecast, By Country
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 13 Europe Veterinary Ultrasound Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Europe Veterinary Ultrasound Market Share Analysis, By Type
- 13.3 Europe Veterinary Ultrasound Market Share Analysis, By Product
- 13.4 Europe Veterinary Ultrasound Market Size and Forecast, By Technology
- 13.5 Europe Veterinary Ultrasound Market Size and Forecast, By Animal Type
- 13.6 Europe Veterinary Ultrasound Market Size and Forecast, By Application
- 13.7 Europe Veterinary Ultrasound Market Size and Forecast, By End-Use
- 13.8 Europe Veterinary Ultrasound Market Size and Forecast, By Country
- 13.8.1 Germany
- 13.8.2 France
- 13.8.3 UK
- 13.8.4 Rest of Europe
- 14 Asia Pacific Veterinary Ultrasound Market Analysis and Forecast (2022-2027)
- 14.1 Introduction
- 14.2 Asia Pacific Veterinary Ultrasound Market Share Analysis, By Type
- 14.3 Asia Pacific Veterinary Ultrasound Market Size and Forecast, By Product
- 14.4 Asia Pacific Veterinary Ultrasound Market Size and Forecast, By Technology
- 14.5 Asia Pacific Veterinary Ultrasound Market Size and Forecast, By Animal Type
- 14.6 Asia Pacific Veterinary Ultrasound Market Size and Forecast, By Application
- 14.7 Asia Pacific Veterinary Ultrasound Market Size and Forecast, By End-Use
- 14.8 Asia Pacific Veterinary Ultrasound Market Size and Forecast, By Country
- 14.8.1 China
- 14.8.2 Japan
- 14.8.3 India
- 14.8.4 Rest of Asia Pacific
- 15 Latin America Veterinary Ultrasound Market Analysis and Forecast (2022-2027)
- 15.1 Introduction
- 15.2 Latin America Veterinary Ultrasound Market Share Analysis, By Type
- 15.3 Latin America Veterinary Ultrasound Market Size and Forecast, By Product
- 15.4 Latin America Veterinary Ultrasound Market Size and Forecast, By Technology
- 15.5 Latin America Veterinary Ultrasound Market Size and Forecast, By Animal Type
- 15.6 Latin America Veterinary Ultrasound Market Size and Forecast, By Application
- 15.7 Latin America Veterinary Ultrasound Market Size and Forecast, By End-Use
- 15.8 Latin America Veterinary Ultrasound Market Size and Forecast, Country
- 15.8.1 Brazil
- 15.8.2 Rest of Latin America
- 16 Middle East Veterinary Ultrasound Market Analysis and Forecast (2022-2027)
- 16.1 Introduction
- 16.2 Middle East Veterinary Ultrasound Market Share Analysis, By Type
- 16.3 Middle East Veterinary Ultrasound Market Size and Forecast, By Product
- 16.4 Middle East Veterinary Ultrasound Market Size and Forecast, By Technology
- 16.5 Middle East Veterinary Ultrasound Market Size and Forecast, By Animal Type
- 16.6 Middle East Veterinary Ultrasound Market Size and Forecast, By Application
- 16.7 Middle East Veterinary Ultrasound Market Size and Forecast, By End-Use
- 16.8 Middle East Veterinary Ultrasound Market Size and Forecast, By Country
- 16.8.1 Saudi Arabia
- 16.8.2 UAE
- 16.8.3 Egypt
- 16.8.4 Kuwait
- 16.8.5 South Africa
- 17 Competitive Analysis
- 17.1 Competition Dashboard
- 17.2 Market share Analysis of Top Vendors
- 17.3 Key Development Strategies
- 18 Company Profiles
- 8.1 GE Healthcare
- 18.1.1 Overview
- 18.1.2 Offerings
- 18.1.3 Key Financials
- 18.1.4 Business Segment & Geographic Overview
- 18.1.5 Key Market Developments
- 18.1.6 Key Strategies
- 18.2 Esaote SpA
- 18.2.1 Overview
- 18.2.2 Offerings
- 18.2.3 Key Financials
- 18.2.4 Business Segment & Geographic Overview
- 18.2.5 Key Market Developments
- 18.2.6 Key Strategies
- 18.3 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- 18.3.1 Overview
- 18.3.2 Offerings
- 18.3.3 Key Financials
- 18.3.4 Business Segment & Geographic Overview
- 18.3.5 Key Market Developments
- 18.3.6 Key Strategies
- 18.4 Siemens Healthineers
- 18.4.1 Overview
- 18.4.2 Offerings
- 18.4.3 Key Financials
- 18.4.4 Business Segment & Geographic Overview
- 18.4.5 Key Market Developments
- 18.4.6 Key Strategies
- 18.5 FUJIFILM Holdings Corporation
- 18.5.1 Overview
- 18.5.2 Offerings
- 18.5.3 Key Financials
- 18.5.4 Business Segment & Geographic Overview
- 18.5.5 Key Market Developments
- 18.5.6 Key Strategies
- 18.6 Heska Corporation
- 18.6.1 Overview
- 18.6.2 Offerings
- 18.6.3 Key Financials
- 18.6.4 Business Segment & Geographic Overview
- 18.6.5 Key Market Developments
- 18.6.6 Key Strategies
- 18.7 Samsung Electronics Co., Ltd.
- 18.7.1 Overview
- 18.7.2 Offerings
- 18.7.3 Key Financials
- 18.7.4 Business Segment & Geographic Overview
- 18.7.5 Key Market Developments
- 18.7.6 Key Strategies
- 18.8 Diagnostic Imaging Systems, Inc.
- 18.8.1 Overview
- 18.8.2 Offerings
- 18.8.3 Key Financials
- 18.8.4 Business Segment & Geographic Overview
- 18.8.5 Key Market Developments
- 18.8.6 Key Strategies
- 18.9 IMV Imaging
- 18.9.1 Overview
- 18.9.2 Offerings
- 18.9.3 Key Financials
- 18.9.4 Business Segment & Geographic Overview
- 18.9.5 Key Market Developments
- 18.9.6 Key Strategies
- 18.10 Sonoscape Medical Corporation
- 18.10.1 Overview
- 18.10.2 Offerings
- 18.10.3 Key Financials
- 18.10.4 Business Segment & Geographic Overview
- 18.10.5 Key Market Developments
- 18.10.6 Key Strategies
Pricing
Currency Rates
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