Report ID : 10078501 |
Published Date : 21 Mar 2025 |
Report Format : PDF,PPT |
Delivery Timeline :48-72 Business Hours
Global Veterinary Ultrasound Market Highlights Over 2022 - 2031
The global veterinary ultrasound market is estimated to grow at a ~6% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 301.0 million in 2021. The growth of the market can be attributed to the rise in the percentage of pet insurance. According to the Insurance Information Institute, the percentage of pets insured increased by 28 percent in 2021 compared to the previous year. In addition, the surge in the disposable income of the population, a rise in the healthcare expenditure of the animals, and an increase in the population of the animals are expected to drive the growth of the global veterinary ultrasound market.
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The global veterinary ultrasound market is segmented by type into 2-D, 3-D, and other ultrasound imaging. Out of these, the 2-D segment is anticipated to hold the largest share over the forecast period in the global veterinary ultrasound market owing to the lower cost of ultrasound imaging, and a rise in the adoption of 2-D ultrasound among veterinary clinics, and hospitals.
Global Veterinary Ultrasound Market Regional Synopsis
Regionally, the global veterinary ultrasound market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of an increase in the disposable income of the population that makes them willing to spend on pets. Furthermore, there has been a rise in China’s nominal disposable income by 9.1 percent in 2021. Moreover, growth in the population of animals and a rise in the pets’ healthcare expenditure are anticipated to surge the growth of the veterinary ultrasound market in the Asia Pacific region.
Market Segmentation
Our in-depth analysis of the global veterinary ultrasound market includes the following segments:
By Product
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Portable
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Cart Based
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Software Ultrasound Scanners
By Animal Type
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Large
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Small Animal
By Type
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2-D
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3-D
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Other Ultrasound Imaging
By End-Use
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Veterinary Hospitals
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Clinics
Growth Drivers and Challenges Impacting the Growth of the Global Veterinary Ultrasound Market
Growth Drivers
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Rise in the percentage of pet insurance
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Surge in the disposable income of the population
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Increase in the population of animals
Challenges
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Lack of proper healthcare system for the animals
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High cost for the veterinary ultrasound
Key Companies Dominating the Global Veterinary Ultrasound Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global veterinary ultrasound market that are included in our report are Clarius Mobile Health Corp., General Electric Company, Heska Corporation, ESAOTE SPA, Shenzhen Tico Technology Co., Ltd., Siemens Healthcare GmbH, Mindray, Samsung Medison Co., Ltd., Shantou Institute of Ultrasonic Instruments Co., Ltd., IMV Imaging, and others.
Latest Developments in the Global Veterinary Ultrasound Market:
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28 May 2021: ESAOTE SPA, announced the launch of a new MyLab X75 ultrasound system to deliver the best care possible. It provides access to clinical solutions such as liver stiffness quantification, micro-vascularization assessment and zero-click left ventricle function analysis.
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3 January 2022: Heska Corporation, announced the acquisition of VetZ GmbH in order to get access to easy-to-use and fully integrated software solutions.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
