According to the new market research report “Animal/Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Technology, Product (Portable, Cart-based), Animal (Small Companion, Large), Application (Obstetrics, Orthopedics, Cardiology), End User, and Region – Global Forecast to 2025” published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities.
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Growth in the companion animal population, rising demand for pet insurance, increasing number of veterinary practitioners in developed economies and technological advancements are driving the growth of this market during the forecast period. The global Animal/Veterinary Ultrasound Market size is projected to reach USD 448 million by 2025 from USD 338 million in 2020, at a CAGR of 5.8%.
The 2D ultrasound segment dominates the animal/veterinary ultrasoundindustry, by type of ultrasound scanners
Based on the type of scanners, the 2D segment accounted for the largest share of the animal/veterinary ultrasoundmarket in 2019. The large share of this segment can primarily be attributed to the widespread popularity of this type in disease diagnosis as well as in pregnancy detection.
By animal, the small companion animals segment accounted for the largest market share in 2019
Based on animal, the animal/veterinary ultrasoundmarket is segmented into small companion animals, large animals, and other animals. The companion animals segment accounted for the largest market share in 2019. This segment is also projected to register the highest CAGR during the forecast period. The growth in this segment can be attributed to the growing adoption of companion animals and growing willingness of companion animal owners to spend more on animal health.
Browse and in-depth TOC on “Veterinary Ultrasound Market “
186 — Tables
34 — Figures
183 — Pages
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North America will continue to dominate the market during the forecast period
The market, by region, is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the animal/veterinary ultrasound industry in 2019. The growth of the North American market is attributed to the increasing adoption of companion animals, the growing pet insurance industry, rising veterinary healthcare expenditure, and the growing number of veterinary practices. In addition, a majority of players in the animal/veterinary ultrasound industry are based in the US.
Key Market Players
GE Healthcare (US), Heska Corporation (US), Siemens AG (Germany), FUJIFILM Holdings Corporation (Japan), Esaote SpA (Italy), Mindray Medical International, Ltd. (China), Samsung Medison Co., Ltd.( Korea), Diagnostic Imaging Systems Inc. (US), IMV imaging (Scotland), Shenzhen Ricso Technology Co., Ltd. (China).
DRAMIÑSKI S.A. (Poland), Shantou Institute of Ultrasonic Instruments Co., Ltd. (SIUI), Clarius Mobile Health (US) and SonoScape Medical Corporation (China).
- In September 2019, E.I Medical Imaging launched a new ultrasound scanner called IBEX PRO and SuperLite/c for dairy and beef.
- In July 2019, Fujifilm Sonosite partnered with Partners Healthcare(US) to enhance it’s ultrasound product design with artificial intelligence
- In April 2018 Esaote SpA has been acquired by a leading consortium of Chinese investors. This acquisition will help Esaote to accelerate its development plans and distribution in China.
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