Veterinary Ultrasound Market worth $ 2.3 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Veterinary Ultrasound Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global veterinary ultrasound market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. The proliferating number of veterinary practitioners in developed nations; the rising demand for diagnosis of certain animal diseases using ultrasound devices; the soaring awareness regarding animal health care; the growing technological advancements; the escalating demand for pet insurance; and the increasing availability of advanced medical facilities worldwide are some of the major factors driving the growth of the global veterinary ultrasound market.

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According to type, the 2D ultrasound segment captured the largest share of the global veterinary ultrasound market in 2020. The segment is anticipated to maintain its lead further and achieve the highest CAGR in the market during the forecast period of 2021-2030. According to end user, the veterinary clinics segment led the global veterinary ultrasound market in 2020. The segment is expected to continue with the trend further in the market during the forecast period. According to application, the orthopedics segment held the largest share of the global veterinary ultrasound market in 2020, and is predicted to continue to do the same throughout the forecast period. According to animal type, the small companion animals segment dominated the global veterinary ultrasound market in 2020. The segment’s position is unlikely to change during the forecast period of 2021-2030.

Geographically, the North American region dominated the global veterinary ultrasound market in 2020, followed by Europe. The region is expected to retain its dominance further in the market during the forecast period. The U.S. and Canada are among the key contributors to the growth of the market in the region. The Asia Pacific region is slated to register the highest growth in the market during the forecast period. India and China are among the key contributors to the growth of the market in the region.

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Some of the major veterinary ultrasound companies profiled in the report include Siemens Healthineers, Diagnostic Imaging Systems Inc., IMV Imaging, Shenzhen Ricso Technology Co. Ltd., Heska Corporation, Clarius Mobile Health, GE Healthcare, Esaote SpA, FUJIFILM Holdings Corporation, and Shenzhen Mindray Bio-medical Electronics Co. Ltd.

The global veterinary ultrasound market is segmented into type, product, technology, animal type, application, end user, and region. Based on type, the market is bifurcated into 2D ultrasound, 3D/4D ultrasound, and doppler ultrasound. Based on product, it is classified into cart-based and portable. Based on technology, it is classified into digital imaging and contrast imaging. Based on animal type, it is classified into small companion animals and large animals. Based on application, it is classified into obstetrics/gynecology, cardiology, orthopedics, and others. Based on end user, it is classified into veterinary clinics, veterinary hospitals & academic institutes, and others.

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The global veterinary ultrasound market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Veterinary Ultrasound Market

• On the basis of type, the 2D ultrasound segment captured the largest share of the global veterinary ultrasound market in 2020. The segment is anticipated to maintain its lead further and achieve the highest CAGR in the market during the forecast period of 2021-2030.
• On the basis of end user, the veterinary clinics segment led the global veterinary ultrasound market in 2020, and is expected to continue with the trend further in the market during the forecast period.
• On the basis of application, the orthopedics segment held the largest share of the global veterinary ultrasound market in 2020. The segment is predicted to continue to do the same throughout the forecast period.
• On the basis of animal type, the small companion animals segment dominated the global veterinary ultrasound market in 2020. The segment’s position is unlikely to change during the forecast period of 2021-2030.
• On the basis of region, North America dominated the global veterinary ultrasound market in 2020, followed by Europe. The region is expected to retain its dominance further in the market during the forecast period.
• On the basis of region, the Asia Pacific region is slated to register the highest growth in the market during the forecast period.

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We unite the most profound insight over the vastest arrangement of capital-escalated businesses and markets. By interfacing information crosswise over factors, our analysts give our clients a wealthier, profoundly incorporated perspective of their industry. With experienced domain experts, xResearch strives to provide best solutions and accurate forecast which enables the client to take informed decisions.

This release was published on openPR.