Global Veterinary Ultrasound Market Overview
According to TechSci Research’s report titled “Veterinary Ultrasound Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” the global veterinary ultrasound market is poised for impressive growth within the forecast period from 2024 to 2028. Several key factors are driving this anticipated growth.
Factors Driving Market Growth
- Increasing Adoption of Companion Pets: The global trend of adopting companion pets, including dogs, cats, horses, and more, is on the rise. This surge in pet ownership is a significant driver of growth in the veterinary ultrasound market.
- Rising Incidence of Veterinary Diseases: Developed countries in North America and Europe are witnessing a growing incidence of specific disorders and internal injuries in both livestock and pets. This prevalence of veterinary diseases is creating lucrative opportunities for market growth.
- Advanced Technologies: The introduction of advanced technologies, such as 3D and 4D ultrasound, coupled with the increasing availability of affordable pet healthcare products and ongoing research and development activities, is expected to bolster market growth.
- Portable Ultrasound Scanners: The use of portable ultrasound scanners is expected to contribute significantly to market growth during the forecast period.
- Innovative Solutions by Key Players: Key players in the industry are continually developing new solutions, further driving the market’s growth trajectory.
- Expansion of Veterinary Industry: The rapid expansion of the veterinary industry and the increased prevalence of veterinary diseases are enhancing the demand for veterinary ultrasound.
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Challenges and Limitations
However, certain challenges may hinder the growth of the global veterinary ultrasound market:
- Lack of Skilled Professionals: Underdeveloped countries often face a shortage of skilled professionals, impacting the effective utilization of ultrasound devices.
- Limited Application Compared to CT or MRI: Ultrasound devices have limited applications compared to other medical devices like CT or MRI, which can slow down market growth.
- High Cost: The high cost associated with ultrasound devices can discourage pet owners from seeking ultrasound examinations unless they are deemed necessary, potentially hampering market growth.
Dominant Trends and Forecasts
- In the type segment, 3D/4D ultrasound dominated the market in 2022 and is expected to maintain its dominance throughout the forecast period. This can be attributed to the increasing demand for advanced 3D or 4D ultrasound technology, driven by rising technological advancements and the increasing prevalence of animal diseases.
- In the end user category, veterinary hospitals and clinics are expected to dominate during the forecast period. This is due to the increasing demand for advanced technology, such as efficient pet owner mobile technologies and cloud-based information management systems. Additionally, the adoption of new technology in hospitals and clinics for improved treatment and diagnosis is contributing to this dominance. Collaborations between market players and reference laboratories are also expected to boost market growth.
What Will You Get in the Sample Report?
The sample report provides comprehensive insights into the global veterinary ultrasound market, including factors driving growth, challenges, market segmentation, dominant trends, and forecasts for various segments and regions. Additionally, it offers valuable information about the competitive landscape and potential opportunities in this dynamic market.
Who Will Benefit from this Report?
This report will be invaluable to stakeholders, including market researchers, industry professionals, investors, and decision-makers, seeking in-depth knowledge of the global veterinary ultrasound market. It serves as a crucial resource for making informed business decisions and exploring growth prospects within this evolving industry.
Customers can also request for 10% free customization on this report.
Major companies operating in global Veterinary Ultrasound market are:
- Siemens Healthineers AG
- Esaote SpA
- GE Healthcare
- Shimadzu Corporation
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- FUJIFILM Holdings Corporation
- SonoScape Medical Corp
- Samsung Electronics Co., Ltd.
- Diagnostic Imaging Systems, Inc.
- IMV Imaging (UK) Limited
In the year of 2018, BMV Technology Co, launched wireless IP67 launched wireless IP67 Veterinary Ultrasound S9 that can be integrated with an android app.
“North America is expected to dominate in the global veterinary ultrasound market on account of increasing veterinary healthcare expenditure in the region and increasing number of pet owners. The rising adoption of pet insurance in the region is further contributing to the demand for veterinary ultrasound. Besides, growing adoption of companion animals like dog, cat, horse, etc. and rising research and development activities is further expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Veterinary Ultrasound Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (2D Ultrasound, Doppler Ultrasound, 3D/4D Ultrasound), By Mobility (Stationary v/s Portable), By Technology (Digital Imaging v/s Contrast Imaging), By Animal Type (Companion Animals v/s Livestock Animals), By Application (Obstetrics & Gynecology, Cardiology, Orthopedics, Others), By End User (Veterinary Hospitals & Clinics, Academic & Research Institutes, Others), By Region and Competition”, has evaluated the future growth potential of global veterinary ultrasound market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global veterinary ultrasound market.
Market Segmentation
The global veterinary ultrasound market can be divided into various segments:
By Type
- 2D Ultrasound
- Doppler Ultrasound
- 3D/4D Ultrasound
By Mobility
- Portable
- Stationary
By Technology
- Digital Ultrasound
- Analog Ultrasound
By Animal Type
- Companion Animals
- Livestock Animals
By Application
- Obstetrics
- Cardiology
- Orthopedics
- Others
By End User
- Veterinary Hospitals & Clinics
- Academic & Research Institutes
- Others
By Region
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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