The global Animal Ultrasound market size is expected to be worth around US$ 491.93 million by 2030, according to a new report by Vision Research Reports.
The global Animal Ultrasound market size was valued at US$ 220.47 million in 2020 and is anticipated to grow at a CAGR of 13.0% during forecast period 2021 to 2030.
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Animal Ultrasound Market (By Animal Type: Small Companion Animals, Large Animals; By Type: 2-D Ultrasound Imaging, 3-D/4-D Ultrasound Imaging, Doppler Imaging; By Technology: Digital Imaging, Contrast Imaging, Microstream; By Scanner Type: Cart-Based Ultrasound Scanners, Handheld Ultrasound Scanners; By Application: Orthopedics, Cardiology, Oncology, Obstetrics & Gynecology, Others; By End-use: Veterinary Hospitals & Clinics, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
|Market Size||USD 491.93 million by 2030|
|Growth Rate||CAGR of 13.0% From 2021 to 2030|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2030|
|Segments Covered||Animal type, Type, Technology, Scanner type, Application, End-use,|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||IDEXX, Carestream Health; Esaote SpA; Sound; Fujifilm Sonosite, Inc.; Hallmarq Veterinary Imaging; BCF (IMV Imaging); Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; Siemens Medical Solutions; Heska Corp.|
The rise in the companion animal population coupled with the growing adoption of pet insurance is anticipated to boost the market growth. Furthermore, an increasing number of veterinary practitioners and technological advancements in the sector are expected to fuel animal/veterinary ultrasound market growth. During the COVID-19 pandemic, the Centers for Disease Control & Prevention (CDC) in August 2020, reported that few animals including dogs and cats were infected by the SARS-CoV-2 after close contact with people suffering from COVID-19.
growing prevalence of various zoonotic diseases and technological advancements in the sector. Furthermore, the growing adoption of and increasing population of companion and livestock animals is also anticipated to positively influence the animal/veterinary ultrasound market growth.
The 2-D ultrasound imaging segment accounted for the maximum revenue share of more than 41% in 2020. The segment growth is attributed to the widespread popularity of such devices in pregnancy detection as well as disease diagnosis. Furthermore, less cost as compared to other types of ultrasounds is also expected to boost the market growth.
The 3-D/4-D ultrasound imaging segment is expected to grow at the fastest CAGR of 12.8% over the forecast period owing to the rising technological advancements in the segment.
The small companion animals segment accounted for the highest revenue share of more than 56% in 2020. The rising adoption of pets coupled with increasing spending on their well-being and health is expected to boost the market growth.
The cart-based ultrasound scanners segment accounted for the maximum revenue share of more than 55% in 2020. The segment growth is attributed to the high adoption of these devices in veterinary clinics, hospitals, and diagnostic centers due to the ease of use.
The handheld scanners segment is expected to grow at the fastest CAGR from 2021 to 2030 owing to the rising technological advancements related to the 2-D ultrasound imaging scanners and their increasing demand, as they can be used at the point of care.
The contrast imaging segment accounted for the highest revenue share of more than 52% in 2020 owing to its high penetration in veterinary hospitals and clinics, as compared to the digital imaging segment. Contrast imaging is used for myocardial perfusion and M-mode imaging.
The digital imaging segment is anticipated to grow at the fastest CAGR from 2021 to 2030 owing to technological advancements by key market players and its rising popularity amongst veterinarians.
The veterinary hospitals & clinics segment accounted for the highest revenue share of more than 60% in 2020. The availability of a wide range of diagnostic alternatives in veterinary hospitals and clinics is anticipated to contribute to the segment growth.
Other end-uses include reference laboratories, diagnostic laboratories, Point-of-Care (PoC) facilities, and academic & research centers, among others. The others segment is expected to grow at the fastest growth rate over the forecast period.
The cardiology segment accounted for the maximum revenue share of 22.60% of the global market in 2020. The increasing prevalence of cardiac disorders in animals is expected to contribute to market growth.
The obstetrics and gynecology segment is anticipated to grow at the fastest CAGR of more than 12% during the forecast period owing to the high adoption of ultrasound for pregnancy testing in animals.
North America accounted for the largest revenue share of more than 31.8% in 2020 owing to the presence of key players in the U.S. Increasing veterinary healthcare expenditure in the region is expected to drive the market further. In addition, growing number of pet owners coupled with the rising adoption of pet insurance in the region is expected to boost the market growth.
Asia Pacific is expected to grow at the fastest CAGR of 12.5% owing to the rising adoption of companion animals in the region. Furthermore, the rising focus of market players in the Asia Pacific region is expected to boost the market growth during the forecast period.
- Carestream Health
- Esaote SpA
- Fujifilm Sonosite, Inc.
- Hallmarq Veterinary Imaging
- BCF (IMV Imaging)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- Siemens Medical Solutions
- Heska Corp.
- Animal Type
- Small Companion Animals
- Large Animals
- 2-D Ultrasound Imaging
- 3-D/4-D Ultrasound Imaging
- Doppler Imaging
- Digital Imaging
- Contrast Imaging
- Scanner Type
- Cart-Based Ultrasound Scanners
- Handheld Ultrasound Scanners
- Obstetrics & Gynecology
- Veterinary Hospitals & Clinics
- North America
- Asia Pacific
- Latin America
- South Africa
- Saudi Arabia
- North America
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