Veterinary Ultrasound Device Market - By Type (2D, Doppler, 3D/4D Ultrasound), By Product (Cart-based, Portable Ultrasound Scanners), By Technology (Digital, Contrast imaging), By Animal Type (Small, Large Animals), By Application, By End-User & Global Forecast to 2032

Industry Analysis

Veterinary Ultrasound Device Market size surpassed USD 305.3 million in 2022 and is expected to register around 6% CAGR between 2023 and 2032. Increasing adoption of companion animals and high prevalence of animal disease will augment the global market growth.
 

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Veterinary ultrasound is the second most frequently used technique in veterinary medicine for the diagnosis of various diseases. It involves high-frequency ultrasonic waves, which help to create images of body structures based on patterns of echo that are reflected from the affected tissues or organs. Veterinary ultrasound devices are used for the diagnosis of disease in various animals like dogs, cats, horses, cattle, and others. With ultrasound devices, pregnancy monitoring, and the health of the child can be examined.
 

Covid-19 Impact

During COVID-19, the global ultrasound device market was obstructed due to the lockdown and travel restrictions imposed by the government all over the globe. Due to this, only severe animal cases were allowed to visit the veterinary clinics. Later, as COVID instances decreased, the market experienced considerable growth. Other than this, during the pandemic, the number of pet owners increased tremendously, contributing to the growth of this market. Pet ownership increased across many countries, leading to an increase in awareness for animal health.
 

Veterinary Ultrasound Device Market Trends

The rising prevalence of animal diseases and the growing number of insured pets are the factors driving the demand for ultrasound devices across the globe. In animals like cats and dogs, heart diseases are primarily caused by ageing and obesity. Ultrasound devices help in examining the blood flow in the heart and cardiac infarction. It has applications in the diagnosis of various oncology, orthopedic, and other gastrointestinal diseases in animals.
 

Due to the increased awareness regarding animal health, pet owners are now insuring their animals. In order to encounter issues of hospitalization costs, diagnostic costs, expensive veterinary surgeries, and medication costs pet owners are insuring their animals. Increasing animal health expenditure will fuel the veterinary ultrasound device industry. The number of veterinary practitioners is increasing worldwide increasing the demand of ultrasound devices to their care settings. The technological advancement and digitalization have contributed to the growth of this market as they reduce the time required for diagnosis and helps in providing faster treatment option.
 

Veterinary Ultrasound Device Type Segmentation

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Based on type, the market is subdivided into 2D ultrasound, doppler ultrasound, and 3D/4D ultrasound. In 2022, 2D ultrasound segment accounted for largest market share in global market. The 2D ultrasound devices are most preferable type of ultrasound device useful in diagnosis of various diseases as well as is commonly used for pregnancy examination. During the forecast timeline, 3D/4D ultrasound segment is expected to grow at highest CAGR.
 

Veterinary Ultrasound Device Product Segmentation

Based on product, the veterinary ultrasound device market is classified into cart-based ultrasound scanners and portable ultrasound scanners. The cart-based ultrasound scanner segment had the highest revenue share in 2022. The factors driving the market for this segment are the increasing number of veterinary practitioners and the accuracy of disease diagnosis. During the forecast period, the portable ultrasound scanner segment is projected to grow at a faster rate because of the ease of carrying it out of clinics as it is small in size.
 

Veterinary Ultrasound Device Technology Segmentation

Based on technology, the market is subdivided into digital imaging and contrast imaging. In 2022, the digital imaging segment accounted for the largest revenue share. Owing to the technological advancements, there are fewer chances of errors and more accurate images, which has driven the growth of this market. In the coming years, from 2023 to 2032, the contrast imaging segment is expected to grow at the highest CAGR.
 

Veterinary Ultrasound Device Animal Type Segmentation

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Based on animal type, the veterinary ultrasound device market is classified into small animals, large animals, and other animals. The small animals segment held largest revenue share in 2022 and is anticipated to witness tremendous growth during the forecast period. The lucrative growth of this segment is expected due to the growing number of animal adoption, increasing animal healthcare expenditures, and awareness of animal health.
 

Veterinary Ultrasound Device Application Segmentation

Based on applications, the veterinary ultrasound device market is subdivided into obstetrics/gynecology, cardiology, orthopedics, oncology, and other applications. The obstetrics/gynecology segment has covered the majority of industry share in 2022. Cardiology segment held the second largest market share. Obstetrics/gynecology is anticipated to witness highest CAGR in given timeline.
 

Veterinary Ultrasound Device End-Use Segmentation

Based on end-user, the veterinary ultrasound device market is segmented into veterinary clinics and veterinary hospitals and academic institutes. The veterinary clinics segment accounted for the largest market share in 2022 and is projected to grow at highest CAGR during the forecast period. The increasing prevalence of animal diseases and skilled veterinary practitioners are the major factors accelerating the demand for veterinary ultrasonic devices.
 

Veterinary Ultrasound Device Regional Analysis

North America holds the highest revenue in veterinary ultrasound device market, owing to an increased number of veterinary professionals, improved healthcare infrastructure, availability of pet insurance, rising number of companion animals and increased healthcare expenditure. During the forecast period, it is expected that Asia Pacific will grow at highest CAGR because this region has the highest number of domesticated animals, is increasing animal adoption, and focuses on animal health.
 

Veterinary Ultrasound Device Industry Leaders

The key players in veterinary ultrasound device market are GE Healthcare, Esaote SpA, Samsung Electronics Co., Ltd., IMV Imaging, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Sonostar Technologies Co., Ltd., Siemens Healthineers, FUJIFILM Sonosite Inc., Heska Corporation, BMV Technology Co., Ltd., Avante Animal Health, and Diagnostic Imaging Systems, Inc. These companies are implementing several strategies such as collaborations, acquisitions, partnerships, mergers, and product launches, etc. to maintain a competitive edge in the industry.
 

Some of the recent industry developments:

• Later in 2021, DRE Veterinary announced the partnership with Avante Health Solutions and adopted a new name, Avante Animal Health. They joined as the animal health division for Avante Health Solutions and launched new and innovative products and services.
   

The veterinary ultrasound device market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Type

• 2D ultrasound
• Doppler ultrasound
• 3D/4D ultrasound

By Product

• Cart-based ultrasound scanners
• Portable ultrasound scanners

By Technology

• Digital imaging
• Contrast imaging

By Animal Type

• Small animals
• Large animals
• Other animals

By Application

• Obstetrics/Gynecology
• Cardiology
• Orthopedics
• Oncology
• Other applications

By End-user

• Veterinary clinics
• Veterinary hospitals and academic institutes

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Switzerland
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA