PUBLISHER: Allied Market Research | PRODUCT CODE: 1193071
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193071
The global veterinary ultrasound market was valued at $ 292.91 million in 2021 and is estimated to reach $ 523.91 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
Diagnostic ultrasound is a non-invasive diagnostic technique used to image inside the body. A transducer, which can simultaneously emit and detect ultrasonic echoes reflected back, generates ultrasound waves. Animals are imaged in general and for disease monitoring and pregnancy detection using veterinary ultrasonography equipment. Veterinarians employ these tools to find illnesses in a variety of animal species in clinics, hospitals, and research facilities.
The veterinary ultrasound market is expected to experience significant growth during the forecast period owing to an increase in the adoption of companion animals, a rise in animal health awareness, and a growth in the prevalence of animal disease. In addition, the rise in pet insurance purchases, technological advancements in veterinary imaging systems, and the increase in the number of veterinary hospitals with the surge in the number of veterinary professionals, further support the market growth.
However, the low per capita GDP in underdeveloped countries as they often lack essential infrastructure facilities are expected to hamper market growth. Conversely, a rise in awareness of animal health in developing nations is a lucrative opportunity for the market growth.
The veterinary ultrasound market is segmented on the basis of type, product, end user, and region. On the basis of product, the market is categorized into 2D ultrasound, Doppler ultrasound and 3D/4D ultrasound. By type, it is divided into cart-based ultrasound scanners and portable ultrasound scanners. By end user, it is segmented into veterinary clinics, veterinary hospitals, and other end users Region-wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Carestream Health, Inc., Esaote S.P.A., Fujifilm Holdings Corp, General Electric , Heska corporation, Idexx laboratories Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd , Siemens Limited and Sound Technologies.
Key Benefits For Stakeholders
By Type
By Product
By End User
By Region