Veterinary Ultrasound Market by Product (Handheld Ultrasound Scanner and Cart-Based Ultrasound Scanner), Technology (Digital Imaging Technology, Analog Imaging Technology, and Contrast Imaging Technology), End Users (Veterinary Clinics, Veterinary Hospitals & Academic Institutes, and Other): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026038 | Pages: 100 | Industry: Medical Device | Date: Sep 2022 | Type: Global

The market crossed the US$ 300.8 million mark in 2022 and is expected to hit US$ 538.5 million by 2030, recording a CAGR of 7.5% during the forecast period.

The handheld veterinary ultrasound segment is expected to grow at a significant rate.

Due to the compact and compatible nature of the device, it becomes easier to carry to hard-to-reach areas. The device is efficient and reusable; it provides accurate and instant diagnostics. An increase in the adoption rate of veterinary ultrasound in veterinary clinics, hospitals, and research laboratories is likely to grow the segment. Additionally, technological advances, rising pet adoption, increasing disease prevalence, and demand for pet care will propel the market.

The veterinary ultrasound market is segmented by product, technology, and end user. By product, it is segmented into handheld ultrasound scanners and cart-based ultrasound scanners. By technology, it is segmented into digital imaging technology, analog imaging technology, and contrast imaging technology. By end users, it is segmented into veterinary clinics, veterinary hospitals & academic institutes, and other. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Rising adoption of veterinary ultrasound in the veterinary pet clinics.

Veterinary ultrasound is a method that uses sound waves for image diagnostics. Animals have various health conditions which can be easily detected as an animal cannot communicate via words. Multiple conditions include pregnancy, ingestion of foreign body, disease monitoring, and general imaging. Veterinary ultrasound is gaining significant traction owing to its affordability, accessibility, efficiency, precision, and non-invasive nature. The device provides real-time imaging, requires no anesthesia, and can be easily combined with other imaging modalities like X-rays during complex surgical procedures and biopsies.

Rising number of pet adoption all over the world.

A rising number of pet adoption is seen on the global level. According to various studies keeping an animal as a companion has several health benefits such as normalization of blood pressure, reduced cardiac arrhythmias, more excellent psychological stability, decreased anxiety, and improved well-being. The increase in pet adoption in emerging markets such as Brazil, China, India, and Mexico is also witnessing growth. The increase in the pet population will drive the demand for pet care products, supporting the need for pet diagnostic products.

 The companion animal population has witnessed substantial growth. According to the National, Pet Owners Survey by American Pet Products Association conducted in 2021-2022. In the US, approximately 90.5 million families own pets, which is 70 % of the total population. Increasing pet adoption worldwide will surge the demand for various products, which will, in turn, support multiple industries related to veterinary care and diagnostics.

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Recent strategic developments in the veterinary ultrasound market

The veterinary ultrasound market has undergone several significant consequences, and a few of these have been mentioned below:

  • In August 2021, Esaote SpA completed an agreement with Magnet Group (U.S.). The deal will provide Magnet Group members full access to Esaote North America’s comprehensive imaging portfolio and services. The deal includes the MyLab ultrasound portfolio and the dedicated MRI product line.
  • In January 2021, Esaote SpA completed an agreement with Intalere (U.S.). The deal will provide Intalere members full access to Esaote North America’s comprehensive imaging portfolio and services. This includes the MyLab ultrasound portfolio and the dedicated MRI product line.

Several players drive the veterinary ultrasound market by implementing strategic investments, new launches, mergers & acquisitions, and partnerships. G.E. 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, and Shenzhen Ricso Technology Co., Ltd.

The target audience for the report:

  • Raw material providers
  • Veterinary ultrasound manufacturers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

  • Product :
    • Handheld Ultrasound Scanner
    • Cart-Based Ultrasound Scanner
  •  Technology:
    • Digital Imaging Technology
    • Analog Imaging Technology
    • Contrast Imaging Technology
  • End User :
    • Veterinary Clinics
    • Veterinary Hospitals & Academic Institutes
    • Other
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa (MEA)
    • South and Central America (SCAM)

 

  • Companies profiled
    • G.E. 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.

Companies profiled
- G.E. 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.

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