The global veterinary ultrasound market is projected to reach a value of USD 348.8 million by 2025, growing at a CAGR of 6.0%. Increasing adoption of small companion animals, rapid rise in veterinary disorders, increasing expenditure on pet care are factors likely to drive the veterinary ultrasound market over the next few years.
Adroit Market Research report on global veterinary ultrasound market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2015 to 2017, with the base year of estimation as 2018 and forecast from 2019 to 2025. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global veterinary ultrasound market have been studied in detail.
Veterinary ultrasound equipment represents advanced imaging modality becoming more acceptable across the globe, for diagnosis and treatment of chronic veterinary disorders. The equipment uses sound waves that are transmitted into the body in order to get images of the target organ or tissue. It is majorly used in veterinary hospitals and clinics and allows clinicians to have clear view of the organ, detect changes or abnormalities in the tissues and organs. Increase in veterinary diseases, rapid adoption of companion animals, growing awareness and increase in expenditure on pet care are major factors driving the demand for veterinary ultrasound.
The global veterinary ultrasound market has been segmented based on product, type, technology, animal type, application, end-user, and region. Based on product, the global veterinary ultrasound market is categorized into cart-based ultrasound scanners and portable/compact ultrasound scanners. On the basis of animal type, the global veterinary ultrasound market is segmented into small companion animals and large animals. Small animals held majority of the market share in 2018. Based on type, the veterinary ultrasound market is classified into 2D, 3D, and Doppler imaging. 2D ultrasound segment dominated the global market in 2018. Technology-wise, the global veterinary ultrasound market is categorized into digital imaging technology and analog imaging technology. Based on application, the veterinary ultrasound market is segmented into obstetrics & gynecology, oncology, cardiology, orthopedics and other applications. Veterinary ultrasound equipment is majorly adopted in veterinary hospitals, veterinary clinics, and other facilities. Veterinary clinics dominated the global veterinary ultrasound market in 2018 owing to increase in number of visits by pet owners to veterinary physicians in the developed regions for the treatment of their pets.
North America dominated the global veterinary ultrasound market in 2018. Greater adoption of companion animals, high expenditure on pet care and presence of large number of veterinary hospitals and clinics in the region are key factors likely to drive the growth of the market in the next few years.
Major players operating in the global veterinary ultrasound market include Siemens AG, GE Healthcare, Esaote SpA, FUJIFILM Holdings Corporation, Samsung Medison Co., Ltd., IMV Imaging, DRAMIÑSKI S.A., Mindray Medical, Shenzhen Ricso Technology Co., Ltd., Diagnostic Imaging Systems Inc., Shantou Institute of Ultrasonic Instruments Co., Ltd. (SIUI), and SonoScape Medical Corporation among others.
Key Segments of the Global Veterinary Ultrasound Market
Product Overview, 2015-2025 (USD Million)
- Cart-based Ultrasound Scanners
- Hand-held/Compact Ultrasound Scanners
Type Overview, 2015-2025 (USD Million)
- 2D Ultrasound
- 3D/4D Ultrasound
- Doppler Ultrasound
Technology Overview, 2015-2025 (USD Million)
- Digital Imaging Technology
- Analog Imaging Technology
Animal Type Overview, 2015-2025 (USD Million)
- Small Companion Animals
- Large Animals
Application Overview, 2015-2025 (USD Million)
- Obstetrics & Gynecology
End-users Overview, 2015-2025 (USD Million)
- Veterinary Hospitals
- Veterinary Clinics
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa