Veterinary Ultrasound Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3544
Veterinary Ultrasound Devices Market size is projected to experience significant growth from 2019 to 2025.
Growing demand for the diagnosis of various animal health conditions is one of the major factors leading to veterinary ultrasound devices market growth. Rising prevalence of various internal injuries and diseases, such as cysts and cancer, in companion & livestock animals will lead to a higher demand for diagnostic procedures. Additionally, the increasing expenditure on animal healthcare will further boost demand for veterinary ultrasound devices market growth in the future.
Ultrasound devices are widely preferred during animal diagnostics due to various advantages such as risk-free and pain-free diagnosis of internal injuries and other disorders. Additionally, ultrasound devices do not involve the use of radiation, leading to their high adoption rate over other imaging modalities. Moreover, increasing rate of animal adoption and various technological advancements will drive the veterinary ultrasound devices market.
However, stringent regulatory policies and high veterinary healthcare practice costs are some of the factors that can restrain the market growth.
The portable handheld ultrasound devices segment is expected to show significant growth during the forecast timeframe. Quick & short diagnosis and ease of handling portable devices are some of the advantages of portable ultrasound devices that will stimulate market growth. Additionally, various technological advancements and miniaturization will further propel business growth in the future.
Digital imaging technology segment will show significant growth across the forecast timeframe. High growth rate is attributable to significant technological advancements in veterinary diagnostics and rising disposable incomes. Moreover, increasing incidence of various internal infections among companion and livestock animals will spur the growth of digital imaging technology market in the future.
The U.S. is expected to show lucrative growth in the veterinary ultrasound devices market in the future. Factors such as the rising pet adoption and increasing per capita animal healthcare expenditure will boost market growth. Additionally, growing prevalence of various animal diseases and internal injuries will further boost the demand for veterinary ultrasound devices in the region.
Some of the key industry players include Canon Inc., DRE Veterinary, IMV Imaging, FUJIFILM Sonosite Inc., BMV Technology Co., Ltd., Universal Solutions, Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Siemens Healthineers, Esaote SpA, and Sonostar Technologies Co., Limited. Key strategies adopted by the industry players include partnerships, innovative product launches, strategic collaborations, mergers, and geographic expansion to expand their business product portfolio.
Veterinary Ultrasound Devices Market by Product, 2014-2025 (USD Million)
- Portable/Handheld ultrasound scanner
- Cart-based ultrasound scanner
Veterinary Ultrasound Devices Market by Technology, 2014-2025 (USD Million)
- Digital Imaging Technology
- Analog Imaging Technology
- Contrast Imaging Technology
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Canon Inc
- DRE Veterinary
- IMV Imaging
- FUJIFILM Sonosite Inc.
- BMV Technology Co., Ltd.
- Universal Solutions, Inc.
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Siemens Healthineers
- Esaote SpA
- Sonostar Technologies Co. Limited
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