The global veterinary
ultrasound market is estimated to expand at a compounded annual growth rate (CAGR)
of 6.8% during the forecast period of 2022-2030.
Veterinary ultrasound involves the usage of ultrasonic devices to create
images of internal body structures of animals for proper identification and
detection of organs, their status, and appearance. Using ultrasonic sound waves
in the frequency range of 1.5–15 megahertz (MHz), these devices produce images
of internal body structures based on echo patterns reflected from the targeted tissues
and organs. The primary aim of this process is to enhance veterinary diagnosis
and therapeutic outcomes by searching for any deformities such as tumors in the
abdomen, heart, or chest of animals.
Veterinary ultrasound devices are risk and pain-free and are also usually
quick, and, in most cases, require no specific preparation.
factors driving the growth of this market include: the burgeoning demand for
diagnosis of certain animal diseases using ultrasound devices; the increasing number
of veterinary practitioners in matured countries; the rising awareness
regarding animal health care; the escalating number of technological
advancements; the growing demand for pet insurance; the proliferating need for
high-end livestock productivity enhancement, especially in mid and low-income
economies; and the growing the availability of advanced medical facilities around
the inclination towards pet companionship and ownership among people has risen
tremendously in the recent years across the globe. As per a report, the number
of pet dogs alone surged from 68.5 million in 2000 to around 84.0 million in
2014. This rise in inclination towards pet companionship results in an
increased dependence on veterinary ultrasound technology to ensure the best
health of these animals, which, in turn, is slated to enhance the overall pet
healthcare expenditure and the global veterinary ultrasound market.
number of different types of diseases and internal injuries among companion and
livestock animals, including blood in the abdomen, cysts, and cancer, is
snowballing worldwide. Alongside, the global incidence of zoonotic diseases,
also known as zoonoses, is also rapidly proliferating, which is becoming a
cause of serious concern in the meat and dairy industry. All these factors are
leading to an enhanced need and demand for early and effective diagnosis of
these diseases and injuries. The growing need for advanced medical devices and
tools for effective diagnosis and subsequent therapeutic outcome of these
diseases and injuries is, thus, expected to fuel the global veterinary
ultrasound market in the upcoming years.
other factors such as: the presence of untapped emerging markets in emerging
countries; the enhancing standards of living of people coupled with their
rising disposable incomes; the escalating developments in the pet insurance
industry; the growing consumption of meat and dairy-based products, and the
increasing number of accuracy standards set by Food & Drug Administration
(FDA) and other similar bodies are expected to further create ample growth
opportunities for the global veterinary ultrasound market in the next few
factors such as the high cost associated with instruments and procedures and
the dearth of knowledge and awareness regarding animal health among people are
expected to retrain the growth of the global veterinary ultrasound market to
some extent during the forecast period.
Veterinary Ultrasound Market Segmentation:
By Animal Type:
Small Companion Animals
By End User:
Veterinary Hospitals &
Middle East and Africa
Based on type, the 2D
ultrasound segment held the largest share of the global veterinary ultrasound
market in 2021. The segment is expected to retain its position further and
witness the highest growth in the market during the forecast period of
2022-2030. The high adoption of 2D ultrasound in veterinary clinics, due to its
lower cost and applications in diagnosing heart defects, issues with kidneys,
and other potential internal issues is the major factor attributable to the
segment’s high growth.
Based on end user, the veterinary
clinics segment dominated the global veterinary ultrasound market in 2021. The
segment is anticipated to retain its dominance further in the market during the
forecast period due to the high usage of ultrasound in veterinary clinics and
the increasing number of veterinary clinics worldwide.
Based on application, the orthopedics segment captured
the largest share of the global veterinary ultrasound market in 2021. This
trend is predicted to remain unchanged during the forecast period of 2022-2030.
Factors such as the rising prevalence of bone injuries and the increasing cases
of arthritis and other diseases are primarily attributed to the large share of
this particular segment.
Based on animal type, the small companion animals
segment acquired the largest share of the global veterinary ultrasound market
in 2021. The segment’s position is improbable to change during the forecast
period. Factors such as proliferating adoption rate of companion animals,
especially dogs, and cats, and the development of breeds needing high care are
primarily driving the growth of this segment.
The North American region held the most commanding
position in the global veterinary ultrasound market in 2021. The region is
expected to maintain its lead further in the market during the forecast period owing
to the burgeoning incidence of animal diseases and internal injuries; the rising
adoption of pets; the surging awareness regarding animal health and animal
welfare; the presence of a large number of veterinary hospitals and clinics;
the increasing launching of technologically-advanced devices by market players;
the growing demand for preventive treatments and care facilities for companion
animals; the soaring per capita animal healthcare expenditure; and the
escalating investments by government and companies in R&D to identify the
causes and treatments of animal cancers in the region. The U.S. and Canada
stand as the major contributors to the growth of the market in the region.
The European region accounted for the second-largest
share of the global veterinary ultrasound market in 2021. The region is
estimated to witness substantial growth in the market during the forecast
period on account of the easy availability of advanced pet healthcare
facilities and the spiraling rate of pet adoption in the region.
The Asia Pacific region is poised to emerge as the
fastest-growing regional market for veterinary ultrasound during the forecast
period. Factors ascribed to the growth of the market in the region include the
growing pet adoption, the soaring awareness regarding animal health; the surging
livestock population; the rising per capita animal health expenditure, and the
increasing number of animal welfare programs in the region. India and China are
the major contributors to the growth of the market in the region.
Key Companies in Veterinary Ultrasound Market:
Diagnostic Imaging Systems Inc.
Shenzhen Ricso Technology Co. Ltd.
Clarius Mobile Health
FUJIFILM Holdings Corporation
Shenzhen Mindray Bio-medical Electronics Co. Ltd.
BMV Technology Co. Ltd.
Promed Technology Co. Ltd.
Scintica Instrumentation Inc.
Lepu Medical Technology
Edan Instruments Inc.