Animal/Veterinary Ultrasound Market worth USD 544.93 Million by 2029: Market Dynamics, Trends, Competitive Landscape | Regional-wise Analysis
Pune, 5, Dec 2022: According Maximize Market Research, a global medical devices consultancy firm, published the Animal/ Veterinary ultrasound market report and estimated that the Animal/ Veterinary Ultrasound Market size was estimated to be USD 312.45 Mn. in 2021, with total Animal/ Veterinary Ultrasound revenue expected to increase at a CAGR of 7.2% from 2022 to 2029, reaching approximately USD 544.93 Mn. The report includes information on industry trends, major aspects, and potential investments, as well as demand and supply networks, regional perspectives, and competitiveness.
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Animal/Veterinary Ultrasound Market Scope and Research Methodology
The Animal/Veterinary Ultrasound market report focused on the market’s key drivers, opportunities, challenges, and constraints, assisting customers in identifying business opportunities and building market strategies. SWOT analysis was used to study significant organizations’ strengths and weaknesses, while PORTER and PESTLE were utilized to investigate various development challenges.
Animal/Veterinary Ultrasound Market Overview
Ultrasound examination, often known as ultrasonography, is a non-invasive imaging process that allows for the viewing of inner body structures through the echoes or reflections of ultrasonic waves. The method has been widely used in veterinary medicine to identify pregnancy. The treatment is simple, quick, and affordable. In veterinary emergency medicine, ultrasound has been used as a point-of-care (POC) diagnostic for a number of emergency and critical care settings. In veterinary medicine, ultrasound has been utilized for a number of objectives, including sickness screening, conservation initiatives, herd management, and clinical research.
Animal/Veterinary Ultrasound Market Dynamics
The ultrasound technique also provides for the correct diagnosis of ovarian and uterine diseases, allowing for the administration of suitable treatments, as well as adequate evaluation of pregnancy status and fetal viability, mother animal overall health, and mother animal overall health. During the forecast period, this factor is likely to drive revenue growth in the Animal/ Veterinary Ultrasound market. Besides that, advancements in ultrasound examination software, the introduction of remote diagnostics, and the increased use of ultrasound-guided interventional methods for diagnostic and therapeutic applications are expected to create lucrative opportunities for the Animal/ Veterinary Ultrasound market during the forecast period.
High ultrasound equipment prices, a lack of information about periodic clinical tests for pets and companion animals, and a lack of adequate veterinary care infrastructure are some of the factors that are expected to hamper market growth over the forecast period. Other constraints that may impact the usage of ultrasound imaging and, to some extent, limit the growth of the Animal/ Veterinary Ultrasound market include a lack of adequate payment policies and confused ultrasound images.
Animal/Veterinary Ultrasound Market Segmentation
By Type
- 2D Ultrasound
- Doppler Ultrasound
- 3D/4D Ultrasound
By Product
- Cart-based Ultrasound Scanners
- Portable Ultrasound Scanners
- By Technology
- Digital Imaging
- Contrast Imaging
By Animal Type
- Small Companion Animals
- Large Animals
- Other Animals
By Application
- Obstetrics & Gynecology
- Cardiology
- Orthopedics
- Other Applications
By End-User
- Veterinary Clinics
- Veterinary Hospitals & Academic Institutes
- Other End Users
Animal/Veterinary Ultrasound Market Regional Insights
In 2021, the North American market led the global Animal/ Veterinary Ultrasound market, accounting for almost 42% of the total. During the forecast period, the increasing number of veterinary practitioners in both the private and public sectors is likely to be a significant growth factor for the Animal/ Veterinary Ultrasound market. Because of factors such as rapidly growing companion animals and rising disposable animal healthcare spending, the United States (US) is expected to have the highest share of the Animal/ Veterinary Ultrasound market. Likewise, the increased frequency of numerous animal diseases and internal injuries is expected to be the primary growth driver of the Animal/ Veterinary Ultrasound market in the United States.
Animal/Veterinary Ultrasound Market Key Competitors:
- GE Healthcare (US)
- Esaote SpA (Italy)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- Siemens Healthineers (Germany)
- FUJIFILM Holdings Corporation (Japan)
- Heska Corporation (US)
- Samsung Electronics Co., Ltd. (South Korea)
- Diagnostic Imaging Systems, Inc. (US)
- IMV Imaging (UK)
- Shenzhen Ricso Technology Co., Ltd. (China)
- DRAMIŃSKI S.A. (Poland)
- Shantou Institute of Ultrasonic Instruments (SIUI) (China)
- Clarius Mobile Health (Canada)
- SonoScape Medical Corp. (China)
- E.I. Medical Imaging(US)
- BMV Technology Co., Ltd. (China)
- Edan Diagnostics, Inc. (China)
- Xuzhou Kaixin Electronic Instrument Co. Ltd. (China)
- Sound (US)
- ReproScan (US)
- Interson Corporation (US)
- Scintica Instrumentation, Inc. (Canada)
- Lepu Medical Technology (China)
- Promed Technology Co., Ltd. (China)
Key questions answered in the Animal/Veterinary Ultrasound Market are:
- What is Animal/Veterinary Ultrasound?
- What is the growth rate of the Animal/Veterinary Ultrasound Market during the forecast period?
- What is the nature of competition in the Animal/Veterinary Ultrasound Market industry in developed economies and developing economies?
- Who are the key players in Animal/Veterinary Ultrasound Market?
- Who are the market leaders in the Animal/Veterinary Ultrasound Market in Europe?
- Who are the market leaders in the Animal/Veterinary Ultrasound Market in USA and Canada?
- Who are the market leaders in the Animal/Veterinary Ultrasound Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in Animal/Veterinary Ultrasound Market?
- Who held the largest market share in Animal/Veterinary Ultrasound Market?
- What are the factors for the growth of the Asia-Pacific region in the Animal/Veterinary Ultrasound Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Product, Technology, Animal Type, Application, End-User, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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