Jul 22 in General discussion
Veterinary Ultrasound Industry Size
"The report ""Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Product (Portable Scanners), Technology (Digital, Contrast), Animal Type (Small, Large), Application (Obstetrics, Cardiology, Orthopedic), End User (Clinics, Hospitals) - Global Forecast to 2029"", global veterinary ultrasound market is projected to reach 539 million in 2029 from USD 385 million in 2024, at a CAGR of 7.0 % between 2024 and 2029.
Browse 230 market data Tables and 52 Figures spread through 250 Pages and in-depth TOC on ""Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Product (Portable Scanners), Technology (Digital, Contrast), Animal Type (Small, Large), Application (Obstetrics, Cardiology, Orthopedic), End User (Clinics, Hospitals) - Global Forecast to 2029""
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/animal-veterinary-ultrasound-market-10482074.html?utm_source=Linkedin-PR&utm_medium=K
The veterinary ophthalmology equipment market is driven by the Growing Awareness of Animal Health, Increasing Pet Ownership and Spending on Animal Healthcare, Advancements in Veterinary Ultrasound Technology, Rising Livestock Population and Agricultural Practices and Supportive Government Regulations and Initiatives. However, factors like High Cost of Advanced Ultrasound Devices, Lack of Skilled Professionals and Economic Constraints in Developing Regions can restrain market growth.
This report divides veterinary ultrasounds into seven segments – type, technology, product, application, animal type, end user and region.
“Based on by type, the 3D/4D ultrasound segment is expected to grow at the highest CAGR during the forecast period.”
By type, 3D/4D segment is forecasted to grow at the highest CAGR from 2024 to 2029. 3D/4D ultrasound is growing at the CAGR in the veterinary ultrasound market due to its advanced diagnostic capabilities and enhanced imaging quality. These technologies provide detailed, multi-dimensional images that offer superior visualization of anatomical structures, which is crucial for complex diagnostic and surgical procedures. The ability to capture real-time motion (4D) significantly improves the assessment of dynamic processes such as fetal movements, cardiac functions, and organ activities.
“Based on by product, the portable segment is expected to grow at the highest CAGR during the forecast period.”
By product, portable segment is forecasted to grow at the highest CAGR from 2024 to 2029. The veterinary ultrasound market is witnessing the highest CAGR in the portable ultrasound segment due to several compelling factors. Firstly, the increasing demand for efficient and immediate diagnostic tools that can be used in diverse settings, including field conditions and small clinics, is driving the adoption of portable systems. These devices offer convenience, mobility, and flexibility, enabling veterinarians to perform diagnostic procedures on-site, which is particularly beneficial for large animals and in emergency situations.
“The digital segment is expected to grow at the highest CAGR, by technology during the forecast period.”
By technology type segment, digital segment is expected to grow at the highest CAGR. The digital ultrasound segment in the veterinary ultrasound market is experiencing the highest CAGR primarily due to its enhanced imaging capabilities and integration with digital health records. Digital ultrasound technology offers superior image resolution and real-time data analysis, which significantly improves diagnostic accuracy for various animal conditions. The shift towards digital systems is further propelled by their compatibility with telemedicine practices, enabling veterinarians to share diagnostic images and consult remotely, an advantage that has become particularly valuable in the post-pandemic landscape.
“The small animal segment is expected to grow at the highest CAGR, by animal during the forecast period.”
By animal segment, small animal segment is expected to grow at the highest CAGR. The small animal segment is exhibiting the highest CAGR in the veterinary ultrasound market, driven by the increasing pet ownership and the rising emphasis on preventive healthcare for pets. As pets are increasingly viewed as family members, pet owners are more willing to invest in advanced diagnostic techniques to ensure their well-being. Ultrasound technology, being non-invasive and highly effective in diagnosing a variety of conditions, is particularly appealing for small animal care. The technology is used extensively for routine check-ups, pregnancy monitoring, and diagnosing abdominal or cardiac issues in small animals like dogs and cats.
“The obstetrics/gynecology segment is expected to grow at the highest CAGR, by application during the forecast period.”
By application segment, obstetrics/gynecology segment is expected to grow at the highest CAGR. The obstetrics/gynecology segment is experiencing the highest CAGR in the veterinary ultrasound market, primarily due to the expanding need for reproductive health management in livestock and pets. This growth is fueled by the increasing importance placed on breeding efficiency and genetic quality, particularly in the livestock industry, where ultrasound is crucial for optimizing breeding times, confirming pregnancies, and monitoring fetal health. Additionally, the rise in specialized breeding programs and pet breeding businesses necessitates precise and non-invasive diagnostic tools like ultrasound to ensure the health and viability of offspring.
“The veterinary clinics segment is expected to grow at the highest CAGR, by end user during the forecast period.”
By end user segment, the veterinary clinic segment is expected to grow at the highest CAGR. The veterinary clinics segment is registering the highest Compound Annual Growth Rate (CAGR) in the veterinary ultrasound market, largely driven by the growing number of these facilities and their increasing adoption of advanced diagnostic tools. Veterinary clinics are now more focused on providing comprehensive care, which includes the utilization of ultrasound technology to enhance diagnostic precision for a variety of animal ailments. This trend is supported by the growing demand for pet healthcare services, as pet owners are more aware and proactive about the health and well-being of their pets.
“In 2023, Europe was the region with the second largest market share in veterinary ultrasound market. “
Veterinary ultrasound is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa.
Europe accounted for the second-largest share of veterinary ultrasound in 2023. Europe's strong veterinary infrastructure, favorable economic conditions, growing pet ownership, and focus on animal welfare position it as a strong contender with the second-largest market share in the veterinary ultrasound market. The region has a well-established veterinary healthcare infrastructure and a strong emphasis on animal welfare, both of which support the widespread adoption of advanced diagnostic technologies such as ultrasound.
The market players profiled in the global veterinary ophthalmology equipment market include GE Healthcare (US), Esaote SpA (Italy), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Chison Medical Technologies Co., Ltd., (China), Shantou Institute of Ultrasonic Instruments Co., Ltd. (China), E.I. Medical Imaging (US), EDAN Diagnostics, Inc. (China), BMV Technology Co., Ltd (China), Samsung Electronics Co., Ltd. (South Korea), Vinno Technology (Suzhou) Co., Ltd (China), Shenzhen Ricso Technology Co., Ltd (China), SonoScape Medical Corp. (China), Interson Corporation (US), Scintica Instrumentation (Canada), Promed Technology Co., Ltd. (China), Leltek Inc. (China), DRAMINSKI S.A (Poland), Lepu Medical Technology (China), Butterfly Network Inc (US), Clarius Mobile Health (Canada), Xuzhou Kaixin Electronic Instrument Co., Ltd. (China), Contec Medical Systems Co., Ltd (China), Reproscan (US), and IMV Imaging (UK).
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Veterinary Ultrasound Industry Size
