The global Veterinary Ultrasound Market is expected to foresee significant growth. North America leads the growth!

• Vikas Kumar
• January 12, 2023
• HEALTHCARE, NEWS
• Veterinary Ultrasound Market, Veterinary Ultrasound Market Analysis, Veterinary Ultrasound Market Growth, Veterinary Ultrasound Market Share, Veterinary Ultrasound Market Size, Veterinary Ultrasound Market Trend
• 0 Comments

The veterinary ultrasound market is expected to witness a CAGR of around 6% during the forecast period. For both human and animal disease diagnosis, ultrasound has established itself as the standard. Veterinary ultrasound is frequently used to detect tumors, bladder stones, abnormal heart function, and other animal diseases due to its greater insight into the tissues and organs. When compared to other imaging methods, ultrasound is becoming increasingly portable and less expensive due to its lack of invasiveness and radiation. There are a variety of portable veterinary ultrasound devices with a variety of image modalities that make it easier to diagnose veterinary diseases because the animals’ illness is a major issue. Growth in this market is largely driven by the commoditization of the pet health insurance industry and the availability of more comprehensive pet insurance products, and the growing animal healthcare expenditure is expected to increase the number of vet visits by pet owners, contributing to the growth of the overall veterinary health market. Furthermore, the commoditization of the pet health insurance industry and the availability of more comprehensive pet insurance products are driving market growth.

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Based on type, the market is segmented into 2-D ultrasound imaging, 3-D/4-D ultrasound imaging, and doppler imaging. Among them, the 2-D ultrasound imaging category is the highest-growing segment of the veterinary ultrasound market which can be attributed to the growing adoption rate of 2-D ultrasound in veterinary clinics, owing to its comparatively lower cost and advancements in the 2D ultrasounds devices.

On the basis of scanner type, the market is categorized into cart-based ultrasound scanners and handheld ultrasound scanners. Among these, the cart-based ultrasound scanners category to held a significant share of the market in 2020. This is mainly because these devices are effective, reusable, give accurate and immediate diagnostics, are portable scanners, and can access patients in remote areas. Additionally, advantages like improved client interaction, easy setup, and affordable maintenance may increase the demand for the product in the years to come.

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For a better understanding of the market adoption of the veterinary ultrasound industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the Increasing pet adoption and rising per-person costs for animal healthcare. For instance, according to the American Pet Products Association’s (APPA) 2021-2022 National Pet Owners Survey, around 70% of US households own a pet, equating to 90.5 million homes, including 45.3 million cats and 69 million dogs. Additionally, the key driver of market expansion has been recognized as the increase in the occurrence of numerous animal diseases and internal injuries.

Some of the major players operating in the market include Carestream Health, IDEXX Laboratories Inc., Sound, ESAOTE SPA, IMV, Hallmarq Veterinary Imaging, FUJIFILM Sonosite Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Heska Corporation, Siemens Medical Solutions USA Inc.

Global Veterinary Ultrasound Market Segmentation

Market Insight, by Type

• 2-D Ultrasound Imaging
• 3-D/4-D Ultrasound Imaging
• Doppler Imaging

Market Insight, by Scanner Type

• Cart-Based Ultrasound Scanners
• Handheld Ultrasound Scanners

Market Insight, by End-Use

• Veterinary Hospitals
• Veterinary Clinics
• Others

Market Insight, by Region

• North America
  •  US
  •  Canada
  •  Rest of North America
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Carestream Health
• IDEXX Laboratories Inc.
• Sound
• ESAOTE SPA
• IMV
• Hallmarq Veterinary Imaging
• FUJIFILM Sonosite Inc.
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• Heska Corporation
• Siemens Medical Solutions USA Inc.