Veterinary Ultrasound Market 6% CAGR Booming with Top Vendors - Samsung Medison Co, Siemens Healthineers, Sonostar Technologies Co. Limited and Hitachi Ltd by 2023

The Global Veterinary Ultrasound Market is segmented on the basis of animal type, product, imaging technology, application, end-user, and region. The global veterinary ultrasound market is expected to register a CAGR of 6.0% during the forecast period of 2018 to 2023.

Global Market Highlights

Veterinary ultrasound scanners are diagnostic modalities in which high-frequency sound waves are used to generate the images of animals’ body parts. In the recent years, the expenditure on pet care has increased along with technological advancements in veterinary ultrasounds. Moreover, it was estimated that the U.S. pet industry expenditure had a worth of USD 60.3 million within the same year.  Thus, with the growing spending on animal care, the demand for veterinary diagnosis and related equipment is estimated to increase, boosting the growth of the global veterinary ultrasound market.

Research Methodology:

Market Research Future research is conducted by industry experts who offer insight into industry structure, market segmentation, technology assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.

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Veterinary Ultrasound Market Segmentation:

The Global Veterinary Ultrasound Market is segmented by animal type, product, imaging technology, application, end-user, and region. By animal type, the market is segmented into small companion animals and large animals.

By product, the market is categorized into devices and software. The devices segment is sub-segmented into portable/handheld ultrasound scanners and cart-based ultrasound scanners. The imaging technology segment is sub-segmented into digital imaging technology, analog imaging technology, and contrast imaging technology. The contrast imaging technology segment is segmented into iodinated contrast media, gadolinium-based contrast media, microbubble contrast media, and barium-based contrast media. The gadolinium-based contrast media segment is further segmented into gadoterate, gadodiamide, and others. The microbubble contrast media segment is sub-segmented into hard-shell microbubbles, polymer-shelled microbubbles, and others. By application, the market is segmented into cardiology, neurology, and oncology. By end-user, the market is categorized into veterinary hospitals, veterinary clinics, animal breeding and farms, and others.

Veterinary Ultrasound Market Players

Samsung Medison Co. Ltd, BCF Technology Ltd, Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, DRAMINSKI S. A, Siemens Healthineers, Sonostar Technologies Co. Limited, General Electric Company, Hitachi Ltd, Sonoscape Medical Corp, Toshiba Medical Systems Corporation, Esaote SpA, Fujifilm Holdings Corporation, and others.

Regional Analysis Veterinary Ultrasound Market:

The Americas dominates the global market for veterinary ultrasound owing to the increasing adoption of companion animals, favorable pet health insurance, and high disposable income.  In 2017, it was estimated that Europe stood second in the veterinary ultrasound market owing to increasing pet population and high disposable household income. Asia Pacific was the fastest growing region for the global veterinary ultrasound market in 2017. Some of the major factors influencing the growth of the market include, increasing nuclear families preferring pets, rising disposal income, and growing penetration of multinational players within the region. The Middle East and Africa held the least share in the global veterinary ultrasound market in 2017. Factors such as the presence of poor economies and low per capita income, especially within the African region make the market to lag within the region.

MAJOR TABLE OF CONTENT:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

LIST OF TABLES

Table 1 Global Veterinary Ultrasound Market Industry Synopsis, 2018–2023

Table 2 Global Veterinary Ultrasound Market Estimates & Forecast, 2018–2023, (USD Million)

Table 3 Global Veterinary Ultrasound Market, By Region, 2018–2023, (USD Million)

Table 4 Global Veterinary Ultrasound Market, By Animal, 2018–2023, (USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation For Global Veterinary Ultrasound Market

Figure 3 Market Dynamics For Global Veterinary Ultrasound Market

Figure 4 Global Veterinary Ultrasound Market Share, By Animal 2017

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