Press release
Animal Ultrasound Market to Reach USD 964.27 Million by 2034, Growing at a 7.0% CAGR
In 2024, it was estimated that the animal ultrasound market was valued at USD 491.34 million. The market is projected to register a CAGR of 7.0%, growing from USD 524.50 million in 2025 to USD 964.27 million in 2034.
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Market Overview
Animal ultrasound, or ultrasonography, uses sound waves to create real-time images of an animal's internal organs, tissues, and blood vessels, allowing veterinarians to diagnose conditions and guide treatments. A portable ultrasound device sends sound waves into the animal's body, which return and are converted into images displayed on a screen. These images assist veterinarians in visualizing organs, tissues, and blood vessels, allowing them to identify abnormalities such as tumors, cysts, or malformations of organs. Ultrasound is a safe, non-invasive, and fairly fast imaging method, rendering it an important resource for veterinary diagnosis and monitoring. Bats and dolphins utilize ultrasonic waves and their reflections to determine the positions of unseen objects, a technique known as echolocation.
Growth Drivers
• The demand in the market is propelled by the necessity for early disease identification and the continuous advancement of more affordable and user-friendly ultrasound technologies.
• The increasing need for non-invasive diagnostic methods and the rising use of ultrasound for preventive healthcare in livestock are driving market expansion.
• As pet owners take a more active role in their pets' health, the need for the animal ultrasound market is rising.
• The increasing use of ultrasound for preventive care in livestock is driving market growth.
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Segmental Overview
• The animal ultrasound market segmentation is done based on solution, animal, type, end use, application, technology, and region.
• By animal, the small animals segment represents the largest market share, mainly due to the rise in global pet ownership and the heightened emphasis on the health of companion animals.
Regional Analysis
• North America possesses the largest market share due to its high rate of pet ownership, developed veterinary facilities, and common use of advanced diagnostic technologies.
• Asia Pacific is witnessing swift growth in the animal ultrasound market, driven by rising pet adoption and the expansion of livestock industries in the region.
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Competitive Landscape
The market features several key players actively contributing to its growth. They are also focusing on developing portable and user-friendly solutions to cater to the growing demand for mobile veterinary services. Some of the key players are:
Esaote SpA
Fujifilm Holdings Corporation
Canon Medical Systems Corporation
Siemens Healthineers
Koninklijke Philips N.V.
GE Healthcare
Mindray Medical International Limited
Shenzhen Ricso Technology Co., Ltd.
BCF Technology Ltd.
IMV Technologies
Draminski S.A.
Samsung Medison Co., Ltd.
Hitachi Ltd.
Hades Medical
Vet Ray
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