Veterinary Ultrasound Market 2022-2027: GE Healthcare, Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Siemens Healthineers, FUJIFILM Holdings Corporation, Heska Corporation, IMV Imaging

Veterinary ultrasound systems are used for pregnancy detection, disease monitoring, and general imaging in animals. These devices are used by veterinarians in hospitals, clinics, and research labs for the detection of disorders in various animal species.

The global veterinary ultrasound market is projected to reach USD 449 million by 2027 from USD 334 million in 2022, at a CAGR of 6.1% during the forecast period. Growth in this market is largely driven by the commoditization of the pet health insurance industry and the availability of more comprehensive pet insurance products, and the growing animal healthcare expenditure is expected to increase the number of vet visits by pet owners, contributing to the growth of the overall veterinary health market. In this report, the veterinary ultrasound market has been segmented on the basis of product, type, technology, application, animal type, end-user, and region.

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The 2D ultrasound segment is the highest growing segment of the veterinary ultrasound market.
On the basis of type, the veterinary ultrasound market is segmented into 2D ultrasound, 3D/4D ultrasound, and Doppler ultrasound. In 2021, the 2D ultrasound segment is the highest growing segment the veterinary ultrasound market which can be attributed to the widespread adoption of 2D ultrasound in veterinary clinics, owing to its comparatively lower cost. However, the introduction of advanced technologies such as 3D/4D and Doppler have restrained the demand for 2D ultrasound. This is because the image quality offered by these new technologies is better than the image quality of 2D ultrasound.

The cart-based ultrasound scanners segment accounted for the largest share of the veterinary ultrasound market
Based on product, the veterinary ultrasound market is segmented into cart-based and portable ultrasound scanners. In 2021, the cart-based ultrasound scanners segment accounted for the largest share of the veterinary ultrasound market. However, the portable ultrasound scanners segment is projected to witness a higher growth rate during the forecast period due to the wide applications of these scanners in obstetrics, gynecology, and orthopedics.

The digital imaging segment accounted for the largest share of the veterinary ultrasound market
Based on technology, the veterinary ultrasound market is segmented into digital and contrast imaging technologies. In 2021, the digital imaging segment accounted for the largest share of the veterinary ultrasound market. The large share of this segment is primarily attributed to the cost-effectiveness of digital imaging technology over contrast imaging. Moreover, this technology provides workflow benefits to hospitals and radiology departments, stores images on a centralized hard drive, and improves efficiency by allowing radiologists to review and report patient studies in a digital format. These advantages are also expected to support market growth.

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North America accounted for the largest share of the veterinary ultrasound market in 2021
The veterinary ultrasound market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the veterinary ultrasound market in 2021. The large share of North America can be attributed to the well-established animal health industry, the high adoption of companion animals, the growing expenditure on animal health, increasing pet adoption, and the rising awareness about animal health in the region.

The breakup of primaries conducted during the study is depicted below:
• By Company Type: Tier 1 - 55 %, Tier 2 - 30%, and Tier 3 -15%
• By Designation: C-Level Executives - 50%, Directors - 35%, and Others - 15%
• By Region: North America- 48%, Europe - 32%, Asia Pacific - 15%, RoW - 5%

Key players in the veterinary ultrasound market
The prominent players in the veterinary ultrasound market are 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).

Research Coverage:
The report analyzes the veterinary ultrasound market and aims at estimating the market size and future growth potential of this market based on various segments such as type, product, technology, application, animal type, end user and region. The report also includes a product portfolio matrix of various veterinary ultrasound products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

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Reasons to Buy the Report:
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:
• Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary ultrasound market. The report analyzes this market by type, product, technology, application, animal type, end-user, and region.
• Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global veterinary ultrasound market.
• Market Development: Comprehensive information on the lucrative emerging markets by type, product, technology, application, animal type, end-user, and region.
• Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global veterinary ultrasound market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global veterinary ultrasound market.

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