Veterinary Ultrasound Market Outlook 2023 Forecast And Growth by 2030

Given that ultrasound treatments can be pricey, the rising disposable income of pet owners is also probably going to play a significant role in driving the worldwide veterinary ultrasonography market throughout the course of the projected period. The global veterinary ultrasonography market is projected to be significantly impacted by the expanding insurance coverage for veterinarian visits for pets.

On the other hand, a lack of awareness among pet owners about zoonotic diseases is likely to hinder the global veterinary ultrasound market’s progress over the forecast period.

Competitive Analysis:

The global veterinary ultrasound market players include GE Healthcare, Fujifilm SonoSite Inc., Chison, Esaote, Mindray, Xuzhou Kaixin Electronic Instrument Co. Ltd., Kaixin Electric, BCF Technology, SonoScape, and Samsung Medison Co. Ltd.

Segmentation:

By animal type, the global veterinary ultrasound market is segmented into small companion animals, large animals, and others. The small companion animals segment holds the leading share in the global market, accounting for USD 106.61 million in 2017, and is expected to rise to a valuation of USD 154.4 million by 2023. The rising adoption of cats and dogs in North America as well as other parts of the world is likely to drive the small companion animals segment of the global veterinary ultrasound market.

By type, the market is segmented into 2D ultrasound imaging, 3D ultrasound, Doppler imaging, and others. 2D ultrasound imaging is the largest segment of the global veterinary ultrasound market and is likely to dominate the global market over the forecast period.

By product type, the veterinary ultrasound market is segmented into devices and software; devices are further segmented into portable/compact ultrasound scanners and cart-based ultrasound scanners.

By therapeutic area, the veterinary ultrasound market is segmented into neurology, oncology, cardiology, orthopedics and traumatology, and others. Orthopedics and traumatology is the dominant revenue generator in the global veterinary ultrasound market and is likely to retain the leading share in the market over the forecast period, accounting for a valuation of USD 104.11 million by 2023.

By end use, the market is segmented into veterinary clinics and hospitals, with clinics accounting for the larger share in the market.

Regional Analysis:

North America is the major regional market for veterinary ultrasound devices and is expected to rise of million by the end of 2027, exhibiting a CAGR over the forecast period. Europe is likely to remain the second largest regional market over the forecast period.

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