Enjoy complimentary customisation on priority with our Enterprise License!
The veterinary ultrasound market size is forecast to increase by USD 88.7 million, at a CAGR of 4.5% between 2023 and 2028. The market is expanding due to several influential factors. Firstly, the increasing popularity of minimally invasive procedures is driving growth. These procedures are favored for their reduced recovery times and lower risk of complications compared to traditional methods, leading to a rising demand for related medical technologies. Additionally, the growing prevalence of urological diseases is contributing to market growth. As these conditions become more common, there is a heightened need for effective diagnostic and treatment solutions. Furthermore, new product approvals and improved medical reimbursement policies are also key drivers. The introduction of innovative medical products enhances treatment options, while better reimbursement policies make these treatments more accessible to patients. Collectively, the shift towards minimally invasive techniques, the rising incidence of urological diseases, and advancements in product approvals and reimbursement frameworks are pivotal factors shaping the market's trajectory and fostering its expansion.
For More Highlights About this Report, Request Free Sample
The market is witnessing significant growth due to the increasing demand for advanced diagnostic tools in Veterinary hospitals and clinics. Animal ultrasound technology plays a crucial role in Veterinary care, especially in Veterinary specializations like radiology and cardiology. Companion animals, such as dogs, are the primary focus of the market, as pet population growth and pet insurance coverage expand. Veterinarians increasingly rely on ultrasound technology for disease diagnosis, especially for conditions that are difficult to detect through X-rays or other imaging techniques. Major players in the market include IMV imaging, Sonosite, Celtic SMR, and other key players. They offer various types of ultrasound scanners, including handheld scanners like Duo-Scan, C3 Microconvex Vet, C3 Convex Vet, and L7 Linear Vet. These scanners cater to the needs of small companion animals as well as large animals. The market is also witnessing the emergence of compact ultrasound scanners and portable ultrasound systems, which offer convenience and mobility. Other imaging technologies like magnetic resonance imaging are also used in Veterinary care but are less common due to their high cost and complexity. Overall, the market is expected to grow steadily due to the increasing demand for advanced diagnostic tools in Veterinary care.
Increasing popularity of minimally invasive procedures is notably driving market growth. The global veterinary ultrasound market is experiencing significant growth due to the increasing number of surgical procedures, particularly in urology, for small and large companion animals. Minimally invasive surgeries, such as ureteral surgery (including urethroplasty), have gained popularity among veterinarians, driving the demand for ultrasound technology for organ scanning. The advent of digital imaging technology has revolutionized the veterinary ultrasound industry, offering clearer images and improved diagnostic accuracy compared to traditional analog imaging technology.
Thus, this technological advancement, coupled with the benefits of minimally invasive procedures like laparoscopy, such as shorter hospital stays, reduced recovery time, and less pain for animals, is leading to an increase in the number of urological procedures using ultrasound imaging. Overall, the global veterinary ultrasound market is poised for robust growth during the forecast period, with a focus on applications in obstetrics, oncology, and orthopedic products. Thus, such factors are driving the growth of the market during the forecast period.
Rising awareness about disease prevention and pet insurance is the key trend in the market. The preventive healthcare approach is gaining traction in the animal healthcare industry, with pet owners increasingly focusing on the regular examination of their small companion animals and large livestock. This trend is driven by the rising awareness of various diseases that affect animals, leading to increased vaccinations and proactive measures for nutrition, dental care, and infection prevention. Veterinary clinics are increasingly utilizing 3-D/4-D ultrasound imaging, often in collaboration with reference laboratories, to enhance animal health diagnostics and provide more precise care for pets.
Moreover, the early diagnosis of diseases facilitated by these advanced imaging solutions contributes to improved clinical outcomes and better animal care. Furthermore, the growing trend of pet insurance has opened up new opportunities for veterinary practices to provide comprehensive treatment plans for pets, ensuring their overall wellbeing. Thus, such trends will shape the growth of the market during the forecast period.
Shortage of trained professionals is the major challenge that affects the growth of the market. The veterinary ultrasound market encompasses the use of portable and compact ultrasound scanners for the examination of small companion animals and large animals. Digital imaging technology has significantly advanced the field, providing clearer and more detailed images than traditional analog imaging technology. Skilled veterinary professionals, including pathologists and clinicians, are essential for performing ultrasound screening and tests on animals. Their expertise is required for understanding the intricacies of various diseases and designing appropriate treatment plans.
However, a shortage of adequately trained veterinary laboratory technicians is a significant challenge. This deficiency stems from the lack of comprehensive education on the application of ultrasound technology for disease detection and staging. Consequently, this limits the number of graduates entering the field, leading to a demand-supply gap. Ultrasound plays a crucial role in various veterinary medical disciplines, such as obstetrics, oncology, and orthopedic products, highlighting the importance of addressing this training gap. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The 2 dimension segment is estimated to witness significant growth during the forecast period. Veterinary ultrasound technology plays a pivotal role in the diagnosis and treatment of various diseases in companion animals. Veterinary hospitals and clinics widely use this advanced imaging modality to assess the internal structures of dogs and other companion animals. IMV imaging, Sonosite, Celtic SMR, Handheld scanners, Duo-Scan, C3 Microconvex Vet, C3 Convex Vet, L7 Linear Vet, and other leading veterinary imaging equipment manufacturers provide 2-D ultrasound and Doppler imaging systems for veterinary practitioners. These ultrasound devices are essential for veterinary care, especially in veterinary specializations such as urology, obstetrics, gynecology, and cardiology.
Get a glance at the market share of various regions Download the PDF Sample
The 2 dimension segment accounted for USD 132.30 million in 2018. IDEXX Laboratories and diagnostic laboratories also utilize ultrasound technology for contrast imaging to provide accurate and detailed information for disease diagnosis. Pet insurance companies increasingly cover the cost of veterinary ultrasound procedures, making it more accessible to pet owners. The growing companion animal population and the increasing trend of pet care have led to a rise in demand for veterinary imaging equipment. X-rays and magnetic resonance imaging are also used in veterinary medicine, but ultrasound offers several advantages, including real-time imaging, safety, and cost-effectiveness. Veterinarians use cart-based ultrasound scanners for detailed organ assessments, while handheld scanners offer portability and convenience for on-site examinations. 2-D ultrasound imaging provides valuable information for veterinarians to make informed decisions regarding treatment plans for their patients.
For more insights on the market share of various regions Download PDF Sample now!
Europe is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Veterinary ultrasound technology plays a significant role in the diagnostic process for companion animals in veterinary hospitals and clinics. This non-invasive imaging technique, also known as ultrasonography, uses high-frequency sound waves to produce real-time images of internal organs and structures. Veterinary practitioners utilize this technology to assess various conditions, including urology, obstetrics, gynecology, and cardiology, in dogs and other companion animals.
Further, pet insurance, a growing trend in pet care, often covers the cost of veterinary ultrasound procedures, making it more accessible to pet owners. Veterinary specializations, such as radiology and internal medicine, increasingly rely on ultrasound technology to provide comprehensive veterinary care. While X-rays and magnetic resonance imaging (MRI) are still essential diagnostic tools, ultrasound offers advantages such as real-time imaging and portability. The growing pet population and increasing pet ownership have led to a higher demand for veterinary imaging equipment, including ultrasound systems.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
Veterinary ultrasound technology has become an essential tool in the field of veterinary medicine, enabling veterinarians to diagnose various diseases in companion animals more accurately. Veterinary hospitals and clinics have increasingly adopted this advanced imaging technology to provide superior veterinary care. Animal ultrasound technology plays a significant role in veterinary specializations such as urology, obstetrics, gynecology, and cardiology. Leading companies like IMV imaging, Sonosite, Celtic SMR, and IDEXX Laboratories dominate the veterinary ultrasound market. Handheld scanners from brands like Duo-Scan, C3 Microconvex Vet, C3 Convex Vet, and L7 Linear Vet have gained popularity due to their portability and ease of use. The pet insurance sector and veterinary practitioners have been key contributors to the growth of the veterinary ultrasound market.
Further, the rising pet ownership and the increasing companion animal population have also fueled the demand for veterinary imaging equipment, including ultrasound, X-rays, and magnetic resonance imaging. Veterinary ultrasound technology is used for disease diagnosis in various species, including dogs. It offers 2-D ultrasound imaging, Doppler imaging, digital imaging, and contrast imaging to provide detailed insights into an animal's health. Reference and diagnostic laboratories also utilize veterinary ultrasound technology to offer accurate and efficient diagnostic services. In conclusion, the veterinary ultrasound market is poised for growth due to the increasing demand for advanced veterinary care, the rising pet population, and the adoption of portable ultrasound scanners by veterinary practitioners.
Market Scope |
|
Report Coverage |
Details |
Page number |
134 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 88.7 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.22 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
Europe at 38% |
Key countries |
US, UK, Republic of Korea, Canada, and Singapore |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BCF Ultrasound Australasia Pty Ltd., Canon Inc., Carestream Health Inc., Chison Medical Technologies Co. Ltd., DRAMINSKI SA, E I Medical Imaging, EDAN Instruments Inc., Esaote Spa, FUZIFILM Sonosite Inc., Hallmarq Veterinary Imaging Ltd., Heska Corp., IDEXX LABORATORIES INC., IMV Imaging, Leltek Inc., Mars Inc., Shantou Institute of Ultrasonic Instruments Co. Ltd., Shenzhen Mindray BioMedical Electronics Co. Ltd, Siemens Healthineers AG, SonoScape Medical Corp., and Xuzhou Kaixin Electronic Equipment Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.