Market Overview:
The global veterinary ultrasound market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced diagnostic and therapeutic procedures in animals, rising awareness about animal health, and growing number of veterinary clinics and hospitals. Based on type, the global veterinary ultrasound market is segmented into 2D ultrasound, 3D & 4D ultrasound, and Doppler ultrasound. The 2D ultrasound segment is expected to account for the largest share of the global veterinary ultrasound market in 2018. This segment is projected to grow at a CAGR of 6.8% during the forecast period from 2018 to 2030 due to its low cost and easy availability compared with other types of ultrasounds. Based on application, the global veterinary ultrasound market is divided into three segments: Veterinary Clinics, Veterinary Hospitals, and Others (includes research institutes). The Veterinary Clinics segment accounted for majority share (64%) of total revenue generated by application segments in 2017 owing high adoption rate across developed countries such as UAS., Canada., Germany., France., Italy etc. However; this scenario might change over next decade with increase spending by pet owners towards their pets’ health thereby propelling growth prospects for Veterinary Hospitals Segment which would register highest CAGR over next 10 years .
Product Definition:
A veterinary ultrasound machine is a diagnostic medical tool used to visualize organs and tissues in animals. Ultrasound waves are bounced off the body's internal structures and create an image that can be interpreted by a veterinarian to help diagnose medical conditions. Veterinary ultrasound machines are used most often to diagnose pregnancy, tumors, and other diseases of the liver, kidneys, spleen, and heart.
2D Ultrasound:
2D ultrasound is a diagnostic imaging technique that creates two-dimensional images of internal and external animal bodies. The transducer (source) used in this procedure is placed on the skin or near the targeted organ. This allows for a clear, detailed, and accurate image to be formed with high resolution.
The global veterinary ultrasound market was valued at USD 623 million in 2016.
3D & 4D Ultrasound:
3D & 4D ultrasound is a diagnostic medical imaging technology that creates images of the internal body using multiple high frequency sound waves. The 3D and 4D ultrasound systems are mainly used for visualizing the fetus in pregnant women and monitoring blood flow in animals or humans, respectively.
The global veterinary ultrasound market size was valued at USD 1,337.1 million in 2016.
Application Insights:
Based on application, the market is segmented into veterinary clinics, veterinary hospitals and others. The veterinary clinics held the largest share of over 70.0% in 2017 owing to availability of a large number of veterinarians and advanced healthcare facilities for animals. Moreover, rising demand for high-quality ultrasound systems by animal owners as well as veterinarians is expected to drive growth during the forecast period.
The Veterinary Hospitals segment is anticipated to witness significant growth over the forecast period due to increasing awareness among pet owners regarding their companion animals health conditions and increased spending on medical treatment procedures that include diagnostic imaging devices such as ultrasound machines at an early stage for effective treatment planning in case of emergency situations or critical illnesses with associated risks involved such as trauma or internal injuries which may require immediate attention by a veterinarian or vet hospital staff member with appropriate equipment required thereby driving demand globally during this projected time frame.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing pet adoption, high disposable income of pet owners, and availability of highly advanced veterinary healthcare services in this region. Moreover, North America is home to some of the major players such as Zoetis; Elanco; and Merck Veterinary Group that are continuously developing new products for better patient care.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising demand for animal health products resulting from growing population along with increasing awareness about good animal husbandry practices. Furthermore, economic development coupled with government initiatives towards improving public healthcare systems will also support regional growth during the forecast period. For instance, The Government of India has launched “Hospital Improvement Program†(HIP) which includes construction or improvement of hospitals at a cost exceeding USD X thousand and above which include dental & surgical hospitals/ clinics/ OPDs etc.
Growth Factors:
- Increasing demand for meat and dairy products due to population growth and changing dietary habits in emerging countries is expected to drive the veterinary ultrasound market.
- Rising awareness about animal health and increasing adoption of preventive healthcare measures are also anticipated to fuel the growth of the veterinary ultrasound market during the forecast period.
- Technological advancements in veterinary ultrasound equipment are expected to offer lucrative opportunities for players operating in this market over the next few years.
- Growing number of private clinics, especially in developed countries, is projected to boost demand for veterinary ultrasound devices during the forecast period. 5) The increasing use of diagnostic imaging techniques for disease diagnosis is also anticipated to propel demand for veterinary ultrasound devices over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Veterinary Ultrasound Market Research Report
By Type
2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound
By Application
Veterinary Clinics, Veterinary Hospitals, Others
By Companies
GE, Philips, Siemens, Boston Scientific, Toshiba, Samsung Medison, Carestream, VisualSonics (Fujifilm SonoSite), Mindray, Hitachi, SonoScape, Esaote, BCF Technology, Chison Medical Technologies, Xuzhou Kaixin Electronic Instrument
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Veterinary Ultrasound Market Report Segments:
The global Veterinary Ultrasound market is segmented on the basis of:
Types
2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Veterinary Clinics, Veterinary Hospitals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Philips
- Siemens
- Boston Scientific
- Toshiba
- Samsung Medison
- Carestream
- VisualSonics (Fujifilm SonoSite)
- Mindray
- Hitachi
- SonoScape
- Esaote
- BCF Technology
- Chison Medical Technologies
- Xuzhou Kaixin Electronic Instrument
Highlights of The Veterinary Ultrasound Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2D Ultrasound
- 3D & 4D Ultrasound
- Doppler Ultrasound
- By Application:
- Veterinary Clinics
- Veterinary Hospitals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Veterinary Ultrasound Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Veterinary ultrasound is a type of imaging that uses high-frequency sound waves to create images of the body. Ultrasound is used to diagnose and treat medical conditions in animals, including horses, cattle, pigs, dogs and cats.
Some of the major players in the veterinary ultrasound market are GE, Philips, Siemens, Boston Scientific, Toshiba, Samsung Medison, Carestream, VisualSonics (Fujifilm SonoSite), Mindray, Hitachi, SonoScape, Esaote, BCF Technology, Chison Medical Technologies, Xuzhou Kaixin Electronic Instrument.
The veterinary ultrasound market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Veterinary Ultrasound Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Veterinary Ultrasound Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Veterinary Ultrasound Market - Supply Chain
4.5. Global Veterinary Ultrasound Market Forecast
4.5.1. Veterinary Ultrasound Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Veterinary Ultrasound Market Size (000 Units) and Y-o-Y Growth
4.5.3. Veterinary Ultrasound Market Absolute $ Opportunity
5. Global Veterinary Ultrasound Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Veterinary Ultrasound Market Size and Volume Forecast by Type
5.3.1. 2D Ultrasound
5.3.2. 3D & 4D Ultrasound
5.3.3. Doppler Ultrasound
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Veterinary Ultrasound Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Veterinary Ultrasound Market Size and Volume Forecast by Application
6.3.1. Veterinary Clinics
6.3.2. Veterinary Hospitals
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Veterinary Ultrasound Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Veterinary Ultrasound Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Veterinary Ultrasound Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Veterinary Ultrasound Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Veterinary Ultrasound Demand Share Forecast, 2019-2026
9. North America Veterinary Ultrasound Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Veterinary Ultrasound Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Veterinary Ultrasound Market Size and Volume Forecast by Application
9.4.1. Veterinary Clinics
9.4.2. Veterinary Hospitals
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Veterinary Ultrasound Market Size and Volume Forecast by Type
9.7.1. 2D Ultrasound
9.7.2. 3D & 4D Ultrasound
9.7.3. Doppler Ultrasound
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Veterinary Ultrasound Demand Share Forecast, 2019-2026
10. Latin America Veterinary Ultrasound Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Veterinary Ultrasound Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Veterinary Ultrasound Market Size and Volume Forecast by Application
10.4.1. Veterinary Clinics
10.4.2. Veterinary Hospitals
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Veterinary Ultrasound Market Size and Volume Forecast by Type
10.7.1. 2D Ultrasound
10.7.2. 3D & 4D Ultrasound
10.7.3. Doppler Ultrasound
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Veterinary Ultrasound Demand Share Forecast, 2019-2026
11. Europe Veterinary Ultrasound Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Veterinary Ultrasound Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Veterinary Ultrasound Market Size and Volume Forecast by Application
11.4.1. Veterinary Clinics
11.4.2. Veterinary Hospitals
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Veterinary Ultrasound Market Size and Volume Forecast by Type
11.7.1. 2D Ultrasound
11.7.2. 3D & 4D Ultrasound
11.7.3. Doppler Ultrasound
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Veterinary Ultrasound Demand Share, 2019-2026
12. Asia Pacific Veterinary Ultrasound Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Veterinary Ultrasound Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Veterinary Ultrasound Market Size and Volume Forecast by Application
12.4.1. Veterinary Clinics
12.4.2. Veterinary Hospitals
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Veterinary Ultrasound Market Size and Volume Forecast by Type
12.7.1. 2D Ultrasound
12.7.2. 3D & 4D Ultrasound
12.7.3. Doppler Ultrasound
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Veterinary Ultrasound Demand Share, 2019-2026
13. Middle East & Africa Veterinary Ultrasound Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Veterinary Ultrasound Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Veterinary Ultrasound Market Size and Volume Forecast by Application
13.4.1. Veterinary Clinics
13.4.2. Veterinary Hospitals
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Veterinary Ultrasound Market Size and Volume Forecast by Type
13.7.1. 2D Ultrasound
13.7.2. 3D & 4D Ultrasound
13.7.3. Doppler Ultrasound
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Veterinary Ultrasound Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Veterinary Ultrasound Market: Market Share Analysis
14.2. Veterinary Ultrasound Distributors and Customers
14.3. Veterinary Ultrasound Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Boston Scientific
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Samsung Medison
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Carestream
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. VisualSonics (Fujifilm SonoSite)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mindray
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hitachi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SonoScape
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Esaote
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BCF Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Chison Medical Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Xuzhou Kaixin Electronic Instrument
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
