Global Veterinary Ultrasound
Market Report
2025
Global Veterinary Ultrasound market size was USD 303.9 Million in 2022 and it is forecasted to reach USD 510.5 Million by 2030. Veterinary Ultrasound Industry's Compound Annual Growth Rate will be 6.7% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Veterinary Ultrasound market size was USD 303.9 Million in 2022 and it is forecasted to reach USD 510.5 Million by 2030. Veterinary Ultrasound Industry's Compound Annual Growth Rate will be 6.7% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Veterinary Ultrasound Market Sales Revenue 2022 | $ 303.9 Million |
Global Veterinary Ultrasound Market Sales Revenue 2030 | $ 510.5 Million |
Global Veterinary Ultrasound Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.7% |
Market Split by Type |
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Market Split by End User |
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Market Split by Animal Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Veterinary Ultrasound Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ultrasound is a non-invasive imaging technology that uses the echoes and reflections of ultrasound waves to assist in revealing inside body structures. One of the most popular techniques for animals is this one. Images of the animal's bodily structures are produced using a frequency range of 1.5 to 15 megahertz (MHz). Most often, soft tissues including muscles, ligaments, and other bodily tissues are developed using ultrasound. It is also frequently employed to assess an animal's musculoskeletal system. Due to its simplicity of use, ultrasound is used more frequently in veterinary clinics for animal diagnostics and other treatments. Veterinary ultrasound can identify a wide range of diseases and ailments including pancreatitis, kidney bladder stone, enlarged abdominal organs, and others.
Animals with zoonotic disorders lose their ability to produce young ones. As a result, governments all over the world are pushing early disease diagnosis in animals to raise awareness of these diseases. Additionally, market participants are promoting products for animal health. The Animal and Plant Health Inspection Service (APHIS) of the U.S. Department of Agriculture (USDA) granted USD 14.4 million to 76 projects in December 2020 to safeguard animal health. The National Animal Health Laboratory Network's (NAHLN) veterinary diagnostic laboratories will be better able to respond to emergencies and improve early identification of animal diseases as a result of this financing. Additionally, Merck Animal Health (U.S.) stated in May 2022 that it will donate USD 250,000 to Iowa State University (U.S.) to promote the establishment of veterinary diagnostic facilities. These elements are raising awareness of the significance of veterinary diagnosis, which is anticipated to fuel the expansion of the worldwide veterinary ultrasound market.
Veterinary ultrasound equipment is expensive and requires a significant initial investment as well as ongoing maintenance. As a result, the overall cost of purchasing goods and services for hospitals and diagnostic facilities has increased. The usual price for tiny, portable ultrasound devices ranges from USD 2,000 to 3,000 to USD 50,000 and beyond.
The COVID-19 pandemic has significantly impacted many aspects of veterinary treatment, primarily because of limitations on optional procedures or hospital stays. Some veterinarians were worried about the health of their patients because the pandemic caused pet care to be postponed or canceled in some countries. Veterinarians are making a concerted effort to combat this, though, by enforcing stringent COVID-19 safety standards in their clinics and significantly increasing the use of telemedicine for their patients. The pandemic increased pet ownership across many countries, leading to an increase in the care provided for animals, which increased the need for veterinary ultrasound imaging. For instance, the ASPCA noted in May 2021 that since the start of the COVID-19 crisis, over one in every five families had added a cat or dog. Consequently, these pet adoptions improved the emphasis on pet health and supported the development of the veterinary ultrasound imaging market.
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Advanced Veterinary Ultrasound collaborated with Draminski SA, a manufacturer of quality point of care ultrasound (POCUS) to provide rich featured veterinary ultrasound systems to the veterinary market.
GM Medical, a medical equipment distributor, collaborated with Butterfly Network to distribute the iQ+ Vet to veterinarians in Denmark, Sweden, Norway, and Finland. The iQ+ Vet is Butterfly’s second-generation veterinary ultrasound device, with sharper imaging.
Top Companies Market Share in Veterinary Ultrasound Industry: (In no particular order of Rank)
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Due to factors like expanding pet adoption and rising per capita spending on veterinary care, the United States is predicted to experience significant growth in the market for veterinary ultrasound devices in North America. Additionally, the key driver of market expansion has been recognized as the increase in the occurrence of numerous animal diseases and internal injuries. The overall number of insured pets in the United States was 3.1 million, based on NAPHIA 2021 statistics. The increase in the use of pet insurance that includes coverage for ultrasounds is a reflection of the growing trend of less expensive diagnostic exams for animals being performed at hospitals across the nation. Other primary elements include the high pet ownership rate by the population in North America. Hence are the factors that are driving the growth of this region.
The current report Scope analyzes Veterinary Ultrasound Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Veterinary Ultrasound Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Veterinary Ultrasound Industry growth. Veterinary Ultrasound market has been segmented with the help of its Type, End User Animal Type, and others. Veterinary Ultrasound market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the type the veterinary ultrasound market is divided into 2D, 3D/4D, and Doppler. 2D ultrasound imaging had the highest revenue share due to the wide acceptance of these gadgets in disease diagnosis and pregnancy detection. Additionally, the market growth is expected to be aided by 2D ultrasounds being less expensive than other types of ultrasound imaging. This industry's substantial market share of 2D ultrasounds is due to their widespread use. The most common type of ultrasonography used in veterinary applications is 2D. The simplicity of use and ability to provide real-time images are other factors in the segment's high market share.
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Based on the end user, the veterinary ultrasound market is sub-segmented into veterinary hospitals, clinics, and veterinary academic institutes. In veterinary hospitals and clinics, various diagnostic options are accessible, which is projected to support market expansion. Technology advancements like efficient pet owner mobile technology and cloud-based information management systems are also projected to boost market expansion. These devices are more commonly used in veterinary hospitals and clinics due to their accuracy and cost-effectiveness, which will likely accelerate market expansion.
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Based on the animal type, the veterinary ultrasound market is divided into small animals and large animals. According to animal type, small animals dominated the global market with the most significant revenue share. Due to rising pet adoption and costs associated with their care and well-being, the market is predicted to grow. Additionally, among other things, it is anticipated that developing cancer and heart problems in dogs and cats will propel market expansion. Cats, for instance, are commonly thought of as low-maintenance pets because they don't need even the most basic instruction in self-cleaning hence boosting the segment.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
The Global Veterinary Ultrasound Market is witnessing significant growth in the near future.
In 2023, the 2D segment accounted for noticeable share of global Veterinary Ultrasound Market and is projected to experience significant growth in the near future.
The Veterinary Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies GE, Siemens and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | 2D, 3D/4D, Doppler |
End User | Veterinary Hospitals, Veterinary Clinics, Academic Institutes |
Animal Type | Small Animals, Large Animals |
List of Competitors | 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 |
This chapter will help you gain GLOBAL Market Analysis of Veterinary Ultrasound. Further deep in this chapter, you will be able to review Global Veterinary Ultrasound Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Veterinary Ultrasound. Further deep in this chapter, you will be able to review North America Veterinary Ultrasound Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Veterinary Ultrasound. Further deep in this chapter, you will be able to review Europe Veterinary Ultrasound Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Veterinary Ultrasound. Further deep in this chapter, you will be able to review Asia Pacific Veterinary Ultrasound Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Veterinary Ultrasound. Further deep in this chapter, you will be able to review South America Veterinary Ultrasound Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Veterinary Ultrasound. Further deep in this chapter, you will be able to review Middle East and Africa Veterinary Ultrasound Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Veterinary Ultrasound. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Animal Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Veterinary Ultrasound market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
Why 2D have a significant impact on Veterinary Ultrasound market? |
What are the key factors affecting the 2D and 3D/4D of Veterinary Ultrasound Market? |
What is the CAGR/Growth Rate of Veterinary Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Veterinary Ultrasound Market? |
Which region is expected to dominate the global Veterinary Ultrasound Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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