Veterinary Ultrasound Market by Type (2D Ultrasound, 3D/4D Ultrasound and Doppler Ultrasound), Technology (Digital Imaging and Contrast Imaging), Product (Hand-held [Portable] Ultrasound Scanner and Cart-based Ultrasound Scanner), End User (Veterinary Clinics and Veterinary Hospitals)-Analysis & Forecast 2020-2030.
Report ID : 286 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : MD-80
Veterinary Ultrasound Market Overview and Introduction
Ultrasound (also known as diagnostic sonography or ultrasonography) is a diagnostic imaging technique that uses high-frequency sound waves to visualize the internal body structures such as tendons, muscles, joints, blood vessels, and internal organs, with an aim to detect source of disease or to exclude pathology. It is also used to examine pregnancy. It is considered as relatively safer imaging modality as there is no ionizing radiation used to obtain traditional radiographs as compared to other imaging techniques.
The global veterinary ultrasound market is mainly driven by growing companion animal population, growing number of veterinary practitioners in developed economies and technological advancements. Moreover, rising demand for pet insurance and increasing pet care expenditure also plays a pivotal role in contributing to market growth globally. However, stringent government regulation, low animal health awareness in developing countries and shortage of trained professionals are likely to restrain marketgrowth to a certain extent.
The global veterinary ultrasound market can be segmented into type, technology, product, end user, and region.
Veterinary Ultrasound Market by Type
Based on type, the market is segmented into 2D ultrasound, 3D/4D ultrasound and Doppler ultrasound. The 2D ultrasound segment is expected to hold largest share during the forecast period.. The segment growth can be attributed toits wide-ranging use in disease diagnosis as well as for pregnancy detection in animals.
Veterinary Ultrasound Market by Technology
Based on technology, the market can be segmented into digital imaging and contrast imaging. The digital imaging segment is expected to witness highest CAGR during the forecast period. The growth of this segment can be attributed to its wide scale acceptability owing to its superior imaging quality and cost effectiveness. Moreover, digital imaging has emerged as a convenient technology for diagnosing various conditions and infections along with the overall health of animals.
Veterinary Ultrasound Market by Product
Based on the product, the market can be segmented into hand-held [portable] ultrasound scanner and cart-based ultrasound scanner. The cart-based ultrasound scanner segment is expected to hold the largest share during the forecast period. Growth of this segment can be attributed to its wide scale adoption in hospitals, clinics & diagnostic centers due to its ease of use.
Veterinary Ultrasound Market by End User
Based on end user, the market is segmented into veterinary clinics, veterinary hospitals and others. The veterinary clinics segment is expected to witness highest CAGR during the forecast period. Veterinary clinics are the first point of contact for animal diagnosis and treatment. The segment growth can be attributed to increasing number of veterinarians and the growing number of private clinical practices globally.
Veterinary Ultrasound Market by Region
Based on region, the global veterinary ultrasound market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the veterinary ultrasound market, followed by Asia Pacific. The growth in the North American market can be attributed to the rise in pet adoption coupled with the growing pet insurance industry. According to the American Society for the Prevention of Cruelty to Animals, pet adoption rate in North America has increased at a significant rate. Furthermore, rising healthcare expenditure for animal health is also a major factor responsible for the growth of the North American market.
Veterinary Ultrasound Market Prominent Players
Some of the prominent players operating in the veterinary ultrasound market include SOUND, Heska Corporation, GENERAL ELECTRIC COMPANY, Siemens Healthcare Limited, SAMSUNGHEALTHCARE.COM, FUJIFILM Corporation, ESAOTE SPA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Diagnostic Imaging Systems and DRAMI?SKI S. A., among others.