Product Code: CMI7490
The veterinary ultrasound market is estimated to be valued at USD 504.9 Mn in 2024 and is expected to reach USD 833.9 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
504.9 Mn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.40% |
2031 Value Projection: |
833.9 Mn |
Figure. Veterinary Ultrasound Market Share (%), By Region 2024
Veterinary ultrasound is an important medical device used in veterinary practice for diagnostic and therapeutic purposes. It helps veterinarians examine the internal organs and structures of animals in a non-invasive manner. Ultrasound uses high-frequency sound waves to create images of organs, tissues, muscles, bones, or fluids inside the body in real-time. Some of the key applications of veterinary ultrasound include pregnancy detection and fatal counting in livestock, detection of abdominal masses, internal organ imaging, musculoskeletal imaging and guidance for biopsies and surgical procedures. Rising pet healthcare expenditure and growing animal health awareness are expected to drive the demand for veterinary ultrasound devices in the coming years.
Market Dynamics:
The global veterinary ultrasound market growth is driven by increasing pet ownership, growing animal health expenditure, rising incidence of zoonotic diseases, and technological advancements in ultrasound devices. However, high costs associated with veterinary ultrasound systems and procedures hampers market growth. Growing demand for pet insurance and increasing integration of AI and IoT in ultrasound devices present promising opportunities in the market. North America dominates the veterinary ultrasound market owing to favorable reimbursement policies and higher affordability in the region. Asia Pacific is expected to witness the highest growth owing to rising acceptance of pets and increasing per capita animal healthcare spending in China and India. Key players are focused on developing compact, portable, and multifunctional veterinary ultrasound systems to gain greater market share.
Key Features of the Study:
This report provides in-depth analysis of the global veterinary ultrasound market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global veterinary ultrasound market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include IDEXX, Esaote SpA, Mars Incorporated, Fujifilm Healthcare Solutions, Siemens Healthcare Limited, GE Healthcare, IMV Imaging, CHISON Medical Technologies Co., Ltd., BenQ Medical Technology Corp, Avante Animal Health, CONTEC MEDICAL SYSTEMS CO.,LTD, and Butterfly Network, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global veterinary ultrasound market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary ultrasound market
Market Segmentation
- Type of Ultrasound Insights (Revenue, USD Mn, 2019 - 2031)
- 2-D Ultrasound Imaging
- 3-D/4-D Ultrasound Imaging
- Doppler Imaging
- Product Insights (Revenue, USD Mn, 2019 - 2031)
- Portable Ultrasound Scanners
- Cart-based Ultrasound Scanners
- Application Insights (Revenue, USD Mn, 2019 - 2031)
- Cardiology
- Oncology
- Orthopedic
- Others
- Animal Type Insights (Revenue, USD Mn, 2019 - 2031)
- Livestock Animal
- Companion Animal
- End User Insights (Revenue, USD Mn, 2019 - 2031)
- Veterinary Hospitals
- Veterinary Clinics
- Others
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- IDEXX
- Esaote SpA
- Mars Incorporated
- Fujifilm Healthcare Solutions
- Siemens Healthcare Limited
- GE Healthcare
- IMV Imaging
- CHISON Medical Technologies Co., Ltd.
- BenQ Medical Technology Corp
- Avante Animal Health
- CONTEC MEDICAL SYSTEMS CO.,LTD
- Butterfly Network, Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Veterinary Ultrasound Market, By Type of Ultrasound
- Veterinary Ultrasound Market, By Product
- Veterinary Ultrasound Market, By Application
- Veterinary Ultrasound Market, By Animal Type
- Veterinary Ultrasound Market, By End User
- Veterinary Ultrasound Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Market Trends
4. Veterinary Ultrasound Market, By Type of Ultrasound, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 2-D Ultrasound Imaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- 3-D/4-D Ultrasound Imaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Doppler Imaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
5. Veterinary Ultrasound Market, By Product, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Portable Ultrasound Scanners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Cart-based Ultrasound Scanners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Veterinary Ultrasound Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cardiology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Oncology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Orthopedic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Veterinary Ultrasound Market, By Animal Type, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Livestock Animal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Companion Animal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Veterinary Ultrasound Market, By End User, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Veterinary Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Veterinary Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
9. Veterinary Ultrasound Market, By Region, 2019 - 2031, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Type of Ultrasound, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Animal Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Type of Ultrasound, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Animal Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type of Ultrasound, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Animal Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type of Ultrasound, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Animal Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Type of Ultrasound, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Animal Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Type of Ultrasound, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Product, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Animal Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
10. Competitive Landscape
- IDEXX
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Esaote SpA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mars Incorporated
- Fujifilm Healthcare Solutions
- Siemens Healthcare Limited
- GE Healthcare
- IMV Imaging
- CHISON Medical Technologies Co., Ltd.
- BenQ Medical Technology Corp
- Avante Animal Health
- CONTEC MEDICAL SYSTEMS CO.,LTD
- Butterfly Network, Inc.
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us