Animal Ultrasound Market Size to Worth Around USD 491.93 Mn by 2030
According to the Vision Research Reports, the Global Animal Ultrasound market size was valued at USD 220.47 billion in 2020 and is projected to reach US$ 491.93 million by 2030, growing at a CAGR of 13.0% from 2021 to 2030.
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Growth Factors
The rise in the companion animal population coupled with the growing adoption of pet insurance is anticipated to boost the market growth. Furthermore, an increasing number of veterinary practitioners and technological advancements in the sector are expected to fuel animal/veterinary ultrasound market growth. During the COVID-19 pandemic, the Centers for Disease Control & Prevention (CDC) in August 2020, reported that few animals including dogs and cats were infected by the SARS-CoV-2 after close contact with people suffering from COVID-19.
growing prevalence of various zoonotic diseases and technological advancements in the sector. Furthermore, the growing adoption of and increasing population of companion and livestock animals is also anticipated to positively influence the animal/veterinary ultrasound market growth.
Report Coverage
Report Scope | Details |
Market Size | USD 491.93 million by 2030 |
Growth Rate | CAGR of 13.0% From 2021 to 2030 |
Base Year | 2021 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Animal type, Type, Technology, Scanner type, Application, End-use, |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | IDEXX, Carestream Health; Esaote SpA; Sound; Fujifilm Sonosite, Inc.; Hallmarq Veterinary Imaging; BCF (IMV Imaging); Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; Siemens Medical Solutions; Heska Corp. |
Report Highlights
The 2-D ultrasound imaging segment accounted for the maximum revenue share of more than 41% in 2020. The segment growth is attributed to the widespread popularity of such devices in pregnancy detection as well as disease diagnosis. Furthermore, less cost as compared to other types of ultrasounds is also expected to boost the market growth.
The 3-D/4-D ultrasound imaging segment is expected to grow at the fastest CAGR of 12.8% over the forecast period owing to the rising technological advancements in the segment.
The small companion animals segment accounted for the highest revenue share of more than 56% in 2020. The rising adoption of pets coupled with increasing spending on their well-being and health is expected to boost the market growth.
The cart-based ultrasound scanners segment accounted for the maximum revenue share of more than 55% in 2020. The segment growth is attributed to the high adoption of these devices in veterinary clinics, hospitals, and diagnostic centers due to the ease of use.
The handheld scanners segment is expected to grow at the fastest CAGR from 2021 to 2030 owing to the rising technological advancements related to the 2-D ultrasound imaging scanners and their increasing demand, as they can be used at the point of care.
The contrast imaging segment accounted for the highest revenue share of more than 52% in 2020 owing to its high penetration in veterinary hospitals and clinics, as compared to the digital imaging segment. Contrast imaging is used for myocardial perfusion and M-mode imaging.
The digital imaging segment is anticipated to grow at the fastest CAGR from 2021 to 2030 owing to technological advancements by key market players and its rising popularity amongst veterinarians.
The veterinary hospitals & clinics segment accounted for the highest revenue share of more than 60% in 2020. The availability of a wide range of diagnostic alternatives in veterinary hospitals and clinics is anticipated to contribute to the segment growth.
Other end-uses include reference laboratories, diagnostic laboratories, Point-of-Care (PoC) facilities, and academic & research centers, among others. The others segment is expected to grow at the fastest growth rate over the forecast period.
The cardiology segment accounted for the maximum revenue share of 22.60% of the global market in 2020. The increasing prevalence of cardiac disorders in animals is expected to contribute to market growth.
The obstetrics and gynecology segment is anticipated to grow at the fastest CAGR of more than 12% during the forecast period owing to the high adoption of ultrasound for pregnancy testing in animals.
North America accounted for the largest revenue share of more than 31.8% in 2020 owing to the presence of key players in the U.S. Increasing veterinary healthcare expenditure in the region is expected to drive the market further. In addition, growing number of pet owners coupled with the rising adoption of pet insurance in the region is expected to boost the market growth.
Asia Pacific is expected to grow at the fastest CAGR of 12.5% owing to the rising adoption of companion animals in the region. Furthermore, the rising focus of market players in the Asia Pacific region is expected to boost the market growth during the forecast period.
Key Players
- IDEXX
- Carestream Health
- Esaote SpA
- Sound
- Fujifilm Sonosite, Inc.
- Hallmarq Veterinary Imaging
- BCF (IMV Imaging)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- Siemens Medical Solutions
- Heska Corp.
Market Segmentation
- Animal Type
- Small Companion Animals
- Large Animals
- Type
- 2-D Ultrasound Imaging
- 3-D/4-D Ultrasound Imaging
- Doppler Imaging
- Technology
- Digital Imaging
- Contrast Imaging
- Microstream
- Scanner Type
- Cart-Based Ultrasound Scanners
- Handheld Ultrasound Scanners
- Application
- Orthopedics
- Cardiology
- Oncology
- Obstetrics & Gynecology
- Others
- End-use
- Veterinary Hospitals & Clinics
- Others
- Regional
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Animal Ultrasound Market, By Animal Type
7.1. Animal Ultrasound Market, by Animal Type, 2021-2030
7.1.1. Small Companion Animals
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Large Animals
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Animal Ultrasound Market, By Type
8.1. Animal Ultrasound Market, by Type, 2021-2030
8.1.1. 2-D Ultrasound Imaging
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. 3-D/4-D Ultrasound Imaging
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Doppler Imaging
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Animal Ultrasound Market, By Technology
9.1. Animal Ultrasound Market, by Technology, 2021-2030
9.1.1. Digital Imaging
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Contrast Imaging
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Microstream
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Animal Ultrasound Market, By Scanner Type
10.1. Animal Ultrasound Market, by Scanner Type, 2021-2030
10.1.1. Cart-Based Ultrasound Scanners
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Handheld Ultrasound Scanners
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Animal Ultrasound Market, By Application
11.1. Animal Ultrasound Market, by Application, 2021-2030
11.1.1. Orthopedics
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Cardiology
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Oncology
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Obstetrics & Gynecology
11.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Animal Ultrasound Market, By End-use
12.1. Animal Ultrasound Market, by End-use, 2021-2030
12.1.1. Veterinary Hospitals & Clinics
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Others
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Animal Ultrasound Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Type (2017-2030)
13.1.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.1.5. Market Revenue and Forecast, by Application (2017-2030)
13.1.6. Market Revenue and Forecast, by End-use (2017-2030)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.1.7.2. Market Revenue and Forecast, by Type (2017-2030)
13.1.7.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.7.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.1.7.5. Market Revenue and Forecast, by Application (2017-2030)
13.1.7.6. Market Revenue and Forecast, by End-use (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.6. Market Revenue and Forecast, by End-use (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.2.5. Market Revenue and Forecast, by Application (2017-2030)
13.2.6. Market Revenue and Forecast, by End-use (2017-2030)
13.2.7. UK
13.2.7.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.2.7.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.7.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.7.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.2.7.5. Market Revenue and Forecast, by Application (2017-2030)
13.2.7.6. Market Revenue and Forecast, by End-use (2017-2030)
13.2.8. Germany
13.2.8.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.2.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.8.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.2.8.5. Market Revenue and Forecast, by Application (2017-2030)
13.2.8.6. Market Revenue and Forecast, by End-use (2017-2030)
13.2.9. France
13.2.9.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.9.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.2.9.5. Market Revenue and Forecast, by Application (2017-2030)
13.2.9.6. Market Revenue and Forecast, by End-use (2017-2030)
13.2.10. Rest of Europe
13.2.10.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.2.10.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.10.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.2.10.5. Market Revenue and Forecast, by Application (2017-2030)
13.2.10.6. Market Revenue and Forecast, by End-use (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.3.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.6. Market Revenue and Forecast, by End-use (2017-2030)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.3.7.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.7.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.7.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.3.7.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.7.6. Market Revenue and Forecast, by End-use (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.3.8.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.8.6. Market Revenue and Forecast, by End-use (2017-2030)
13.3.9. Japan
13.3.9.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.3.9.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.9.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.3.9.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.9.6. Market Revenue and Forecast, by End-use (2017-2030)
13.3.10. Rest of APAC
13.3.10.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.6. Market Revenue and Forecast, by End-use (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.4.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.6. Market Revenue and Forecast, by End-use (2017-2030)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.4.7.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.7.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.7.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.4.7.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.7.6. Market Revenue and Forecast, by End-use (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.4.8.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.8.6. Market Revenue and Forecast, by End-use (2017-2030)
13.4.9. South Africa
13.4.9.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.4.9.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.9.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.4.9.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.9.6. Market Revenue and Forecast, by End-use (2017-2030)
13.4.10. Rest of MEA
13.4.10.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.6. Market Revenue and Forecast, by End-use (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Type (2017-2030)
13.5.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.5.5. Market Revenue and Forecast, by Application (2017-2030)
13.5.6. Market Revenue and Forecast, by End-use (2017-2030)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.5.7.2. Market Revenue and Forecast, by Type (2017-2030)
13.5.7.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.7.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.5.7.5. Market Revenue and Forecast, by Application (2017-2030)
13.5.7.6. Market Revenue and Forecast, by End-use (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Animal Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Scanner Type (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.6. Market Revenue and Forecast, by End-use (2017-2030)
Chapter 14. Company Profiles
14.1. IDEXX
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Carestream Health
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Esaote SpA
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Sound
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Fujifilm Sonosite, Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Hallmarq Veterinary Imaging
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. BCF (IMV Imaging)
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
Glossary of Terms
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