PUBLISHER: TechSci Research | PRODUCT CODE: 1255254
PUBLISHER: TechSci Research | PRODUCT CODE: 1255254
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Global Veterinary Ultrasound Market is anticipated to witness impressive growth during the forecast period. This can be ascribed to the growing prevalence of various pet-related diseases like cancer. Additionally, the growing number of veterinary clinics and hospitals across the region and the rising uptake of pet care and insurance domain has significantly increased the demand for veterinary ultrasound across different parts of the globe. Additionally, growing awareness pertaining to animal health and safety remains a primary contributor to the adoption of ultrasound, helping fuel the market growth through 2028. Besides, increasing disposable income and growing government schemes, combined with various other initiatives across countries for animal healthcare, are further expected to support the veterinary ultrasound market during the forecast period. Furthermore, the growing prevalence of cardiovascular disorders, along with the rapidly increasing pet population, is further expected to increase the demand for veterinary ultrasound procedures, thereby supporting market growth.
Worldwide, the number of companion animals and their adoption rate have both increased sharply. Keeping a companion animal is related to superior health outcomes, including fewer cardiac arrhythmias, normalized blood pressure, less anxiety, more psychological stability, and better overall well-being, according to many studies. The demand for pet care goods and services is anticipated to increase due to the growing pet population worldwide, which will subsequently fuel the expansion of the veterinary ultrasound market throughout the course of the projected period. According to the National Pet Owners Survey (2021-2022) conducted by the American Pet Products Association (APPA), 70% of US households, which accounts for approximately 90.5 million families, own a pet. Emerging countries such as Brazil, China, Japan, and Mexico also have significant growth in pet ownership.
The increasing need for animal diagnostics for various issues such as pregnancy-related problems, organ enlargement, foreign body ingestion, and internal injuries has resulted in an increase in animal healthcare expenditure, which will further boost the market growth during the forecast period. The rising demand for better animal healthcare is a factor likely to drive the global veterinary ultrasound market. North America, Europe, and Asia Pacific are likely to be key markets for the growth of veterinary ultrasound. Moreover, increasing support from the government in terms of insurance and investments in the veterinary healthcare industry is also supporting the growth of the veterinary ultrasound market in the forecast period. In 2017, around 1,010 out of 100,000 cats and 508 out of 100,000 dogs seen at Banfield Hospitals had intestinal parasites. This statistic showed a low prevalence of health conditions among cats and dogs in the U.S. in 2017.
The global veterinary ultrasound market can be segmented by type, mobility, technology, animal type, application, end-user, and by region. Based on type, the market can be segmented into 2D Ultrasound, Doppler Ultrasound, and 3D/4D Ultrasound. Based on mobility, the market can be divided into Stationary and Portable. Based on technology, the market can be divided into Digital Imaging and Contrast Imaging. Based on animal type, the market can be divided into Companion Animals and Livestock Animals. Based on application, the market can be differentiated into Obstetrics & Gynecology, Cardiology, Orthopedics, and Others. Based on end users, the market can be segmented into Veterinary Hospitals & Clinics, Academic & Research Institutes, and Others. Regionally, North America dominated the market among Asia Pacific, Europe, the Middle East & Africa, and South America. Among the different countries, the United States dominated the global veterinary ultrasound market on account of the growing demand for veterinarians and the increasing number of animals being adopted as pets.
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 are some of the leading players operating in the Global Veterinary Ultrasound Market.
In this report, global veterinary ultrasound market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in Global Veterinary Ultrasound Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: