Global Animal Ultrasound Market Report
RA08771
Global Animal Ultrasound Market by Animal Type (Small Animals, Large Animals), Solution (Equipment, Accessories/Consumables, and PACS), Type (2-D Ultrasound Imaging, 3-D/4-D Ultrasound Imaging, Doppler Imaging), Technology (Digital Imaging, and Contrast imaging), Application (Orthopedics, Cardiology, Oncology, Urology & Obstetrics/Gynecology, and Others), End Use (Veterinary Hospitals & Clinics, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Animal Ultrasound Overview
Ultrasound imaging, usually referred to as ultrasonography, is a common diagnostic method in both veterinary and human medicine. It produces real-time images of the inside body structures using high-frequency sound waves. For diagnosing and keeping track of numerous illnesses in domesticated animals, cattle, and wildlife, animal ultrasonography is especially useful. Animal ultrasound is utilised for a variety of things, including guided surgeries, reproductive management, and diagnostic imaging. It aids veterinarians in understanding and evaluating the organs, tissues, and bodily systems of an animal.
Global Animal Ultrasound Market Analysis
The global animal ultrasound market size was $453.4 million in 2022 and is predicted to grow with a CAGR of 6.4%, by generating a revenue of $842.5 million by 2032.
COVID-19 Impact on Global Animal Ultrasound Market
The COVID-19 outbreak caused temporary problems in the animal ultrasonography industry. The demand for non-essential veterinary procedures, especially imaging services, was impacted by lockdown measures, limitations on veterinary services, and decreased mobility.
In response to the pandemic, there has been a renewed emphasis on preventive care and diagnostics, including ultrasound imaging, as well as increased awareness of animal health issues and the value of veterinarian services. The market for animal ultrasound devices is still gaining from continuing technological developments. The value proposition of ultrasound technology in veterinary practise has been improved by advancements in image quality, mobility, and simplicity of use.
Increasing Pet Ownership to Drive the Market Growth
The market for animal ultrasound is significantly impacted by the growing trend of pet ownership, which is driven by factors including companionship, emotional well-being, and human-animal link. Pet owners are spending more money on the medical and diagnostic requirements of their pets, which has increased demand for veterinary imaging services, such as ultrasonography. The livestock sector is vital to the economy since it produces food, dairy products, and other resources. In the cattle industry, animal ultrasound is frequently utilised for herd health management, illness surveillance, early pregnancy identification, and reproductive control.
High Cost to Restrain Market Growth
Equipment for animal ultrasonography systems and related supplies can be pricey, especially for sophisticated or specialised systems. Some veterinary practises, particularly those in smaller or more remote areas, may be put off by the initial investment expense from implementing or expanding their ultrasound capabilities. The price of upkeep, instruction, and servicing can also be high, raising the overall cost. Operators that are knowledgeable in picture acquisition and interpretation are needed for animal ultrasonography. However, particularly in some geographical areas or specialised industries, there can be a dearth of veterinarians or technicians with the required proficiency in ultrasonic imaging.
Technological Advancements to Drive Excellent Opportunities
The animal ultrasound market has a lot of promise thanks to ongoing advances in ultrasound technology. Enhancing diagnostic accuracy and broadening the scope of applications are possible with advances in image quality, resolution, and real-time imaging capabilities. Additionally, ultrasound technology may be easier to access in a variety of circumstances, such as fieldwork and remote locations, thanks to developments in miniaturisation and portability.
Global Animal Ultrasound Market Share, by Animal Type, 2022
The small animals sub-segment accounted for the highest share in 2022. Small animals like dogs and cats are seen as companions and are frequently regarded as members of the family. Pet owners are now more interested in companion animal healthcare, wanting thorough diagnostics and early disease diagnosis. Animal ultrasound is a crucial diagnostic technique for a number of ailments in small animals, such as gastrointestinal diseases, cardiac anomalies, and musculoskeletal injuries.
Global Animal Ultrasound Market Share, by Solution, 2022
The equipment sector accounted for the highest market size in 2022. Ultrasound equipment technological developments have a big impact on the market. Better diagnostic capabilities are a result of improved picture quality, higher resolution, enhanced imaging modes, and advanced features including tissue harmonic imaging and colour Doppler. The market is growing as a result of manufacturers spending money on R&D to improve the functionality, performance, and usability of ultrasound equipment.
Global Animal Ultrasound Market Share, by Type, 2022
The 2-D ultrasound imaging sector accounted for the highest market size in 2022. In animals, 2-D ultrasound imaging can be used to diagnose a variety of organ systems and anatomical locations. It provides extensive information regarding organ shape, size, texture, and probable anomalies while enabling vets to see the internal structures in real-time. It can be used for a variety of imaging applications, including abdominal, cardiac, musculoskeletal, and reproductive imaging.
Global Animal Ultrasound Market Share, by Technology, 2022
The digital imaging sector accounted for the highest market size in 2022. Compared to analogue imaging, digital imaging technology enables images with improved resolution, clarity, and detail. Veterinarians may more precisely see minute anatomical features and anomalies thanks to the improved image quality, which increases diagnostic precision and decision-making.
Global Animal Ultrasound Market Share, by Application, 2022
The urology & obstetrics/gynecology sector accounted for the highest market size in 2022. Animal urinary tract problems, including as tumours, infections, and urinary bladder stones, can all be accurately diagnosed with ultrasound. With the help of animal ultrasound, the urinary system, including the kidneys, bladder, and ureters, can be seen, making it easier to spot problems and make treatment decisions.
Global Animal Ultrasound Market Share, by End Use, 2022
The veterinary hospitals & clinics sector accounted for the highest market size in 2022. Veterinary clinics and hospitals work hard to offer their patients thorough diagnostic services. This method's key element is ultrasound imaging, which enables veterinarians to examine numerous anatomical structures and make a variety of diagnoses. By enhancing the diagnostic capabilities of veterinary hospitals and clinics using ultrasound technology, businesses may draw more clients and build their brand.
Global Animal Ultrasound Market Share, by Region, 2022
North America region held the highest share in the animal ultrasound market in 2022. One of the world's biggest markets for animal ultrasonography is in North America. The vast population of companion animals and the abundance of veterinary hospitals, clinics, and specialty practises in the area are two variables that influence the market size in the area. Over the years, the market has grown steadily and has continued to develop.
Competitive Scenario in the Global Animal Ultrasound Market
Product development and geographic expansion are major strategies in the highly competitive global market
Some of the leading animal ultrasound market players are IDEXX, Esaote SpA, Sound, Shenzhen Mindray Bio-Medical Electronics, FUJIFILM Holdings America Corporation, Siemens Healthcare Limited (PLH Medical Ltd.), Heska Corporation, Samsung, Koninklijke Philips N.V., and GE Healthcare.
Aspect | Particulars |
Historical Market Estimations | 2021 |
Base Year for Market Estimation | 2022 |
Forecast Timeline for Market Projection | 2023-2032 |
Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
Segmentation by Animal Type |
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Segmentation by Solution |
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Segmentation by Type |
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Segmentation by Technology |
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Segmentation by Application |
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Segmentation by End Use |
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Key Companies Profiled |
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Q1. What is the size of the animal ultrasound market?
A. The size of the animal ultrasound market was over $453.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% during the forecast period
Q2. Which are the major companies in the animal ultrasound market?
A. Sound and Samsung are some of the key players in the global animal ultrasound market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Product development and geographic expansion are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. Sound and Samsung are the companies investing more on R&D activities for developing new products and technologies.
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