Animal Ultrasound Market Global Growth By 2028 | Industry Analysis by Size, Trends, Competitor Strategy, High Emerging, Sales Revenue, Competitive Landscape
According to the most recent analysis by Emergen Research, the worldwide animal ultrasound market had a value of USD 286.2 million in 2020 and is projected to grow at a rate of 8.2% over the following five years. Increasing pet insurance demand and the number of companion animals are two major factors anticipated to promote market revenue growth between 2021 and 2028. Additionally, the future revenue growth of the market is anticipated to be boosted by the rising number of veterinary professionals in both developed and emerging nations. An increase in veterinarians has also led to an increase in the number of new treatment facilities, which is anticipated to increase demand for various pieces of animal treatment equipment, including ultrasound machines.
The market is expected to develop as a result of the rising number of companion animals and the expanding use of pet insurance. Additionally, the market for animal/veterinary ultrasound is anticipated to grow as a result of an increase in veterinary professionals and technological developments in the industry. The Centers for Disease Control and Prevention (CDC) revealed in August 2020 that during the COVID-19 pandemic, a small number of animals, including dogs and cats, contracted the SARS-CoV-2 virus after having close contact with COVID-19 patients.
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Additionally, this sparked a surge of apprehension among veterinarians regarding the care of animals with various diseases. The pandemic had a significant impact on the cattle supply chain in a number of ways, including production, processing and distribution, markets and consumer demand. The inability of farmers to obtain farming inputs, supplies, and equipment, especially machinery, was hampered by the shutdown of non-essential companies, border checks, and travel restrictions. Additionally, it resulted in a brief labour scarcity and the loss or wastage of both animal products and animals. This had a detrimental impact on the pandemic’s commercial expansion.
Some Key Highlights from the Report
Due to the increased frequency of zoonotic illnesses in cows, horses, and buffaloes, the revenue for the large animals sector is anticipated to grow at a noticeably quick CAGR over the forecast period. Additionally, rising livestock populations are anticipated to fuel this sector’s revenue growth.
Due to an increase in the use of ultrasonography for animal pregnancy testing, the obstetrics and gynaecology industry is anticipated to experience very strong revenue growth throughout the projected period.
Due to the presence of major manufacturers of animal ultrasound systems in the region, including GE Healthcare, IDEXX Laboratories, Inc., Carestream Health, Inc., and Diagnostic Imaging Systems, Inc., North America is anticipated to experience a significantly stable rate of revenue growth over the course of the forecast period.
IDEXX Laboratories, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Esaote SpA, GE Healthcare, Heska Corporation, Diagnostic Imaging Systems, Inc., Clarius Mobile Health Corp., Dramiski S.A., and Hallmarq Veterinary Imaging Limited are a few of the major companies mentioned in the market report.
Emergen Research has segmented global animal ultrasound on the basis of animal type, imaging type, scanner type, technology, application, end-use, and region:
Animal Type Outlook (Revenue, USD Million; 2018–2028)
- Large Animals
- Small Companion Animals
Imaging Type Outlook (Revenue, USD Million; 2018–2028)
- Doppler Imaging
- 2D Ultrasound Imaging
- 3D & 4D Ultrasound Imaging
Scanner Type Outlook (Revenue, USD Million; 2018–2028)
- Handheld Ultrasound Scanners
- Cart-based Ultrasound Scanners
Technology Outlook (Revenue, USD Million; 2018–2028)
- Contrast Imaging
- Digital Imaging
Application Outlook (Revenue, USD Million; 2018–2028)
- Obstetrics & Gynecology
End-use Outlook (Revenue, USD Million; 2018–2028)
- Veterinary Hospitals & Clinics
- Academic & Research Centers
- Point-of-care (POC) Facilities
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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