Veterinary Ultrasound Market is Segmented By Type (Doppler Ultrasound, 2D Ultrasound, 3D/4D Ultrasound), By Product (Cart-based Ultrasound Scanner, Handheld (Portable) Ultrasound Scanner), By Animal Type (Large Animals, Small Animals), By Technology (Digital Imaging, Contrast Imaging), By End-User (Veterinary Hospitals, Veterinary Clinics, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.
[150 Pages Report] Veterinary Ultrasound Market is expected to reach at a CAGR of 6.8% during the forecast period (2023-2030). Ultrasonic sound waves in the range of 1.5–15 megahertz (MHz) are used in veterinary ultrasound to help create images of bodily structures based on the pattern of echoes reflected from the tissues and organs being scanned.
Veterinary Ultrasound Market - Strategic Insights
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Metrics |
Details |
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Market CAGR |
6.8% |
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Segments Covered |
By Type, By Product, By Animal Type, By Technology, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Market Dynamics
Technological advancement in ultrasound devices is expected to drive market growth.
Ultrasound imaging uses sound waves with living tissue to create a picture of the tissue or, in Doppler-based modes, to determine the velocity of moving tissue, such as blood. These dynamic, real-time images are analyzed to obtain the target organ's quantitative structural and functional information. This versatile, noninvasive diagnostic tool is widely used and accepted in human and veterinary medicine. The developing technology of ultrasound biomicroscopy has even greater spatial resolution and has been used to evaluate developing mouse embryos and guide site-specific injections into mouse embryos. It has also been termed ultrasound backscatter microscopy and high- or very high-frequency ultrasound imaging.
Moreover, these systems commonly use single-element mechanical transducers that operate at 30 to 100 MHz frequencies. UBM can acquire images using 2-D B-mode, pulsed and continuous wave Doppler, and color flow Doppler. Additional ultrasound imaging technologies, including contrast-enhanced imaging and intravascular ultrasound transducers adapted for transesophageal use, have been utilized in rats and mice. Thus, the market is expected to drive in the forecast period from the above statements.
COVID-19 Impact Analysis
The epidemic caused by the SARS-CoV-2 virus resulted in a global lockdown and wreaked havoc on the veterinary ultrasound market. As a result of the epidemic, veterinary diagnostic laboratories have faced unprecedented challenges. These obstacles include partial or complete shutdowns, interrupted courier services, workflow and diagnostic testing disruptions, new physical distancing procedures, protocol development or enhancement for handling samples from high-risk or susceptible species, and trying to meet pre-test permission approval requirements from state and federal veterinary agencies, all of which have been implemented to avoid or reduce SARS-CoV-2 exposure and transmission locally. SARS-CoV-2 infects animals in the same way it infects people: direct animal-to-animal contact and aerosol transmission.
Moreover, Humans can also infect their pets or other animals. Infected animals and specimens of their bodily fluids or tissues are a possible source of infection for veterinarians and the technical or technical laboratory staff handling them, even though human-to-human transmission is the most common approach of viral transmission in people. Additionally, the pandemic is interrupting the supply chain, and many companies will vary to other geographic regions in the future to ensure that products remain available and protect their supply chain. Thus, the COVID-19 pandemic has affected the market. However, the situation is expected to improve gradually in the forecast period.
Segment Analysis
Handheld (Portable) Ultrasound Scanner segment is expected to hold the largest market share in veterinary ultrasound market
The handheld (portable) ultrasound scanner segment is expected to dominate in 2020. Portable ultrasound machines possess higher imaging with multi-purpose capabilities, presets, and other adjustable features for a more efficient workflow that reduces time and money. Moreover, many portable veterinary ultrasound scanners come with rechargeable batteries, allowing for continuous scanning for extended periods, resulting in a rapid, simple, and optimal workflow on and off-site. Additionally, the advent of rapid technological advances has led to increasingly compact and portable ultrasound devices over the last decade. Technological innovations have spurred the availability of portable ultrasound machines. In short, the combination of portability and high-resolution imaging has raised the global standard of general health. Portable ultrasound machines can be utilized in both the clinic and the field, eliminating the need for extra ultrasound equipment.
Most importantly, even clinics with space constraints can incorporate portable veterinary ultrasound machines, owing to their compactness and mobility. Furthermore, Newer kinds of veterinary portable ultrasound equipment have greater penetration, allowing for accurate scanning of even larger animals. As a result, veterinarians can readily expand their expertise to include other disciplines, increasing earnings. They can do so without expanding their clinics or purchasing other console systems. Equine, ruminant, agricultural, zoo, and marine care are other niches. Thus, the market segment is expected to hold the largest market share in the forecast period from the above statements.
Geographical Analysis
North America region holds the largest market share in the global veterinary ultrasound market
In 2020, North America accounted for the highest revenue share. The increasing prevalence of various animal diseases and internal injuries, growing pet adoption, increasing per capita animal healthcare expenditure, technological advancement in the diagnostic equipment and acquisitions, collaboration by the market players in the region are some factors due to which the market is expected to boost in the forecast period. For instance, According to the American Society for the Prevention of Cruelty to Animals, some 6.5 million companion animals enter US animal shelters each year, with 3.2 million of them being cats. Moreover, According to the Canadian Animal Health Institute (CAHI), there were 8.8 million cats in Canada in 2018, up roughly 10% from the previous year. Cats are less likely than dogs to develop cancer. Despite this, a considerable number of cats are affected. Additionally, GE Healthcare (US) acquired BK Medical (US) in September 2021 to expand GE Healthcare's ultrasound business beyond diagnostics and towards surgical and therapeutic procedures. Thus, the North American region is expected to hold the largest market share in the forecast period from the above statements.
Competitive Landscape
Major key players in the veterinary ultrasound market are Canon Inc., Esaote SpA, Fujifilm Holdings Corporation, IMV Imaging, Siemens Healthineers AG, Heska Corporation, Samsung Medison Co., Ltd., KeeboMed, Inc. and Mindray Medical International, Ltd.
Frequently Asked Questions
What is the Projected CAGR value of the Veterinary Ultrasound Market?
Veterinary Ultrasound Market is expected to grow at a CAGR of 6.8% during the forecasting period 2023-2030.
Which region controlled the global market during 2023-2030?
North America region Controls the Veterinary Ultrasound Market during 2023-2030.
Which is the fastest growing region in the Veterinary Ultrasound Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period
