Veterinary Ultrasound Devices Market Size, Share and Global Trend By Device Type (Benchtop, Handheld), By End-user(Veterinary hospitals, Veterinary surgical centers, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Ultrasound has established its dominance for the diagnosis of diseases in humans as well as animals. With more detailed insights of the tissues and organs, veterinary ultrasound is used extensively for the detection of tumors, bladders stones, abnormal heart function and other diseases in animals. Since ultrasound is non-invasive and free of radiations, it is becoming more and more portable and cheaper when compared to other imaging techniques.
As the stillness of the animals poses a major problem, a variety of portable veterinary ultrasound devices are available with different image modality, that aids in the better and easy diagnosis of veterinary diseases. With the introduction of therapeutic ultrasound for the treatment of diseases in animals, a new revolution is expected in the global veterinary ultrasound devices market.
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For instance, in November 2017 Focused Ultrasound Foundation launched a program to test the therapeutic efficacy of focused ultrasound to treat tumors in animals.
The growth in global veterinary ultrasound devices market is anticipated to be driven by the increase in the number of pet owners, rising demand for non-invasive diagnostic techniques for animals, and increased government efforts to establish veterinary clinics and hospitals. Unlike the other imaging techniques such as CT and MRI, the animal need not be sedated in ultrasound, which gives a competitive advantage to the ultrasound devices and is expected to propel the growth of global veterinary ultrasound devices market.
However, the lack of skilled professional in underdeveloped countries and limited application of ultrasound devices when compared to CT or MRI are major factors the can hinder the growth in global veterinary ultrasound devices market during the forecast period.
Key Players Covered
Some of the major companies operating in the global veterinary ultrasound devices market are General Electric Company, Universal Solutions Inc., Esaote SpA, Clarius Mobile Health, FUJIFILM SonoSite Inc., CHISON, IMV Imaging, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shenzhen Ricso Technology Co. Ltd, Carewell Health Inc., Strena Medical Company and other players.
SEGMENTATION
SEGMENTATION | DETAILS |
By Device Type | · Benchtop · Handheld |
By End-user | · Veterinary hospitals · Veterinary surgical centers · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among the segmentation of device type, handheld devices are anticipated to register the highest CAGR in the forecast period owing to the recent launches in the segment.
Key Insights
- Prevalence of veterinary diseases (key countries)
- Technological advancements in veterinary ultrasound devices
- Pricing analysis of key players in major countries/regions
- Key mergers and acquisitions
Regional Analysis
The global veterinary ultrasound devices market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In North America, the veterinary ultrasound devices market is anticipated to grow in the forecast years, owing to the increasing number of veterinary practitioners in both private and government setups. According to the American Veterinary Medical Association, in 2017, in the U.S., the total number of veterinarians in private organization is 71,393 and that in government organization is 117,735, which increases the opportunities for global veterinary ultrasound devices market. The veterinary ultrasound devices market in Europe and the Asia Pacific is projected to expand due to the increased government initiatives to raise awareness on animal health.
Key Industry Developments
- In November 2016, Clarius Mobile Health launched Clarius C7 Wireless Micro-Convex Ultrasound Scanner, a wireless veterinary ultrasound scanner.
- In the fiscal year of 2018, BMV Technology Co., launched Wireless IP67 Veterinary Ultrasound S9, that can be integrated with an android app.
- Ongoing
- 2023
- 2019-2022
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