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Animal Ultrasound Industry Overview
The global animal ultrasound market size was valued at USD 215.47 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2021 to 2028.
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.
Gather more insights about the market drivers, restrains and growth of the Global Animal Ultrasound Market
This also created a wave of fear amongst veterinarians against the treatment of animals suffering from various types of diseases. The pandemic largely affected the livestock supply chain in various areas, such as production, processing distribution, and markets consumers. The closure of non-essential businesses, border controls, and travel restrictions hindered farmers from accessing farming inputs, supplies, as well as equipment, including machines. It also caused a temporary shortage of labor and resulted in the loss/waste of animal products as well as animals. This negatively affected the market growth during the pandemic.
The population of companion animals as well as livestock is increasing globally, which is resulting in the rising demand for veterinary services, such as ultrasound. This population is also increasing due to the rising adoption of pets on account of various health benefits associated with them. According to the Pet Food Manufacturers Association, it is estimated that in 2020, in the U.K., 41% of households are expected to own a pet. This equals 12 million pets.
Increasing incidences of diseases in animals and the high cost of diagnosis are fueling the demand for pet insurance. According to the North American Pet Health Insurance Association (NAPHIA), the combined gross written premium for the U.S. was USD 1.99 billion in 2020, as compared to USD 1.56 billion in 2019. At the end of 2020, the organization also reported that a total of 3.1 million pets were insured.
Browse through Grand View Research's Animal Health Industry Research Reports
- Pet Sitting Market: The global pet sitting market size was estimated at USD 1.94 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 11.52% from 2022 to 2030.
- Pet Diabetes Care Market: The global pet diabetes care market size was estimated at USD 1.64 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.26% from 2022 to 2030.
Animal Ultrasound Market Segmentation
Grand View Research has segmented the global animal ultrasound market on the basis of animal type, type, technology, scanner type, application, end-use, and region:
Animal/Veterinary Ultrasound Animal Type Outlook (Revenue, USD Million, 2016 - 2028)
- Small Companion Animals
- Large Animals
Animal/Veterinary Ultrasound Type Outlook (Revenue, USD Million, 2016 - 2028)
- 2-D Ultrasound Imaging
- 3-D/4-D Ultrasound Imaging
- Doppler Imaging
Animal/Veterinary Ultrasound Technology Outlook (Revenue, USD Million, 2016 - 2028)
- Digital Imaging
- Contrast Imaging
- Microstream
Animal/Veterinary Ultrasound Scanner Type Outlook (Revenue, USD Million, 2016 - 2028)
- Cart-based Ultrasound Scanners
- Handheld Ultrasound Scanners
Animal/Veterinary Ultrasound Application Outlook (Revenue, USD Million, 2016 - 2028)
- Orthopedics
- Cardiology
- Oncology
- Obstetrics Gynecology
- Others
Animal/Veterinary Ultrasound End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Veterinary Hospitals Clinics
- Others
Animal/Veterinary Ultrasound Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Market Share Insights
- January 2021, Heska Corp. acquired Lacuna Diagnostics, a Point-of-Care (POC) diagnostic company. This is expected to enhance Heska’s product portfolio.
- August 2020: IDEXX Laboratories, Inc. launched the ImageVue DR30 Digital Imaging System, hence expanding its imaging portfolio.
Key Companies profiled:
Some of the key players in the global animal ultrasound market include:
- 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.
Order a free sample PDF of the Animal Ultrasound Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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