Home Industries Market Insights About Us Publisher Contact us

Animal Ultrasound Market By Scanner Type (Cart-based, Portable), By Imaging Type (2D Ultrasound, 3D/4D Ultrasound, Doppler Ultrasound), By Animal Type (Large Animals, Small Companion Animals), By Application (Cardiology, Orthopedics, Gynecology, Oncology, Others) - Global Opportunity Analysis And Industry Forecast, 2022-2026

Categories: Life Science

Formate :

Global Animal Ultrasound Market Overview 

The Global Animal Ultrasound market size is estimated to reach $469.3 billion by 2026, growing at a CAGR of 7.3% over the forecast period of 2022-2026. An ultrasound machine helps doctors spot tumors in some internal areas of the body that are not easy to see on x-rays. In many cases, veterinarians use ultrasound to guide a needle while doing a biopsy. Ultrasound machines are widely used because it is a risk-free and painless way to look at the internal organs of animals. Ultrasound is also sometimes referred to as it is usually quick and, in most cases, does not require any special preparation.

Dogs and cats are the most common and domesticated animals to human society, and their relationships with humans bring mutual support and mental health benefits. Following the global COVID-19 pandemic and lockdowns, social distancing restrictions and the trend towards work from home resulted in more people spending time at home. In addition, the unemployment rate increased during the reporting period, and the average total number of hours spent at home increased significantly, resulting in a high rate of pet adoption in various countries. The increasing number of people adopting pets and the increasing prevalence of diseases related to cats and dogs are driving steady demand for pet insurance. Therefore, they are expected to continue to drive market sales growth.

 

Impact of COVID-19:

The pandemic has negatively impacted the veterinary ultrasound market, and this trend is expected to continue till year-end. Unfavorable changes in regulations and guidelines are hampering the growth of this market. The closing down of manufacturing facilities due to lockdowns, disruptions in supply chains, and recruitment challenges for clinical trials have further impacted the growth of the overall veterinary ultrasound market. According to data from the AVMA Census of Veterinarians and Veterinary Practice Owners, veterinarians saw fewer patients per hour, and average productivity declined by almost 25% in 2020, compared with 2019. During the pandemic's earliest months, veterinary practices operated as essential businesses, seeing only urgent cases. As a result, it created a substantial backlog in wellness visits. As restrictions loosened, patients started returning for routine examinations and preventive care.

Key Takeaways from Global Animal Ultrasound Market Report:

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for Scanner Type, Imaging Type, Animal Type, Technology, Application, End-user, and by different industry verticals.
  • Understand the different market dynamics – key driving factors, challenges, and hidden opportunities.
  • Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years. 
  • Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market. 
  • By Technology, the market for Digital Imaging Segment to grow at the highest CAGR during the forecast period.

 

During the forecast period, the market for the digital imaging segment is predicted to develop at the fastest rate of XX%. It is owing to technological advancements by leading companies and rising demand for digital imaging among veterinarians. Additionally, the higher efficiency of radiograph dissemination and generation provided by digital imaging systems is expected to boost the growth of this segment. Furthermore, such systems offer a wider viewing area and more exposure latitude, increasing operational efficiency by minimizing the need for multiple takes. Moreover, the contrast imaging segment is expected to register a significantly robust revenue share in 2020, owing to its increased veterinary clinics and hospitals implementation.

 

By Imaging Type, 2D Ultrasound Imaging Segment to grow at the highest CAGR during the forecast period.

The 2D ultrasound imaging segment is predicted to develop at the fastest CAGR during the projection period. Due to the Increasing adoption of 2D ultrasound imaging devices in prenatal screening, disease diagnostics is expected to drive revenue growth of this segment. Additionally, lower cost compared to other types of ultrasound imaging processes is expected to fuel the development of this segment. 3D/4D ultrasound imaging segment is expected to register the highest revenue in 2020, owing to increasing technological advancements and rising demand for 3D ultrasound imaging systems.

 

North America to account for the largest market share during the forecast period.

North America held the largest share of the Animal Ultrasound market in 2020, with a global market share of 39%. The growth of this region is owing to rising veterinary healthcare spending in countries such as the U.S., Canada, and Mexico, the increasing number of companion animal owners in such countries, and an increasing number of owners taking out pet insurance.

The Asia Pacific is set to be the fastest-growing over 2021-2026. This growth is owing to the increasing adoption of pet animals in countries of the region. Additionally, the availability of low-cost pet health supplements and increased R& D activities by major market players are factors expected to drive Asia Pacific market growth. Furthermore, the growing number of veterinary hospitals and clinics in such countries is also likely to boost the market's revenue growth in this region.

 

Market Dynamics

Driver: 

Growing number of veterinary practitioners in developed economies has been a prime reason for the market penetration. 

The growing number of veterinarians, especially in developed economies, is one of the major factors driving the growth of the veterinary ultrasound market and its sub-markets. In addition, the income of veterinarians in developed countries has increased in the last few years. According to the U.S. Bureau of Labor Statistics, veterinarians have risen by 3.5%, from 71,060 in 2018 to 73,710 in 2020. The median pay for veterinarians in the U.S. is USD 99,250. An increase in the number of veterinarians will lead to the establishment of new clinics to a certain extent, which is expected to drive the demand for various veterinary products, including veterinary ultrasound systems. In addition, the increasing income of veterinarians will increase their purchasing capacity, which is further expected to drive the adoption of ultrasound systems in their clinics.

 

Challenge: 

Low animal health awareness in developing countries impede the market growth.

Emerging economies such as India, China, Brazil, and some other Southeast Asian countries are home to large companion and farm animal populations. However, animal health expenditure in these countries is comparatively lower than in North America and European developed countries. It is mainly due to animal health awareness among pet owners and livestock owners. In addition, animal health expenditure in the farm animals segment in these countries is focused on therapeutics and not on diagnostics. As a result, veterinary ultrasound is not widely used in large animal practices in these countries.

 

Key Market Players

Key Players in the Global Animal Ultrasound Market consist of Canon Inc., DRAMIŃSKI SA, Esaote Spa, FUJIFILM Sonosite Inc., G.E. Healthcare, Samsung Medison Co. Ltd, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Siemens Healthineers, and Sonostar Technologies.

 

Recent Developments:

  • In September 2021, G.E. Healthcare (U.S.) acquired B.K. Medical (U.S.) to expand the ultrasound business of G.E. Healthcare from diagnostics into surgical and therapeutic interventions.

 

Report Coverage and Scope

The report "Global Animal Ultrasound Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

By Scanner Type

  • Cart-based
  • Portable 

By Imaging Type

  • 2D Ultrasound
  • 3D/4D Ultrasound
  • Doppler Ultrasound

By Animal Type

  • Large Animals
  • Small Companion Animals

By Application

  • Cardiology
  • Orthopedics
  • Gynecology
  • Oncology
  • Others

By Technology

  • Digital Imaging
  • Contrast Imaging

By End-user

  • Veterinary Clinics
  • Veterinary Hospitals & Academic Institutes
  • Others

By Geography

  • North America
  • Europe
  • APAC
  • RoW

 


Chapter 1 Animal Ultrasound Market Overview


1.1 Product Overview and Scope of Animal Ultrasound


1.2 Animal Ultrasound Market Segmentation By Type


1.2.1 Cart-based


1.2.2 Portable


1.3 Animal Ultrasound Market Segmentation By Application


1.3.1 Cardiology


1.3.2 Orthopedics


1.3.3 Gynecology


1.3.4 Oncology


1.3.5 Others


1.4 Animal Ultrasound Market Segmentation by Regions


1.4.1 North America


1.4.2 China


1.4.3 Europe


1.4.4 Southeast Asia


1.4.5 Japan


1.4.6 India


1.5 Global Market Size (Value) of Animal Ultrasound (2016-2021)


 


Chapter 2 Global Economic Impact on Animal Ultrasound Industry


2.1 Global Macroeconomic Environment Analysis


2.1.1 Global Macroeconomic Analysis


2.1.2 Global Macroeconomic Environment Development Trend


2.2 Global Macroeconomic Environment Analysis by Regions


 


Chapter 3 Global Animal Ultrasound Market Competition by Manufacturers


3.1 Global Animal Ultrasound Production and Share by Manufacturers (2016-2021)


3.2 Global Animal Ultrasound Revenue and Share by Manufacturers (2016-2021)


3.3 Global Animal Ultrasound Average Price by Manufacturers (2016-2021)


3.4 Manufacturers Animal Ultrasound Manufacturing Base Distribution, Production Area and Product Type


3.5 Animal Ultrasound Market Competitive Situation and Trends


3.5.1 Animal Ultrasound Market Concentration Rate


3.5.2 Animal Ultrasound Market Share of Top 3 and Top 5 Manufacturers


3.5.3 Mergers & Acquisitions, Expansion


 


Chapter 4 Global Animal Ultrasound Production, Revenue (Value) by Region (2016-2021)


4.1 Global Animal Ultrasound Production by Region (2016-2021)


4.2 Global Animal Ultrasound Production Market Share by Region (2016-2021)


4.3 Global Animal Ultrasound Revenue (Value) and Market Share by Region (2016-2021)


4.4 Global Animal Ultrasound Production, Revenue, Price and Gross Margin (2016-2021)


4.5 North America Animal Ultrasound Production, Revenue, Price and Gross Margin (2016-2021)


4.6 Europe Animal Ultrasound Production, Revenue, Price and Gross Margin (2016-2021)


4.7 China Animal Ultrasound Production, Revenue, Price and Gross Margin (2016-2021)


4.8 Japan Animal Ultrasound Production, Revenue, Price and Gross Margin (2016-2021)


4.9 Southeast Asia Animal Ultrasound Production, Revenue, Price and Gross Margin (2016-2021)


4.10 India Animal Ultrasound Production, Revenue, Price and Gross Margin (2016-2021)


 


Chapter 5 Global Animal Ultrasound Supply (Production), Consumption, Export, Import by Regions (2016-2021)


5.1 Global Animal Ultrasound Consumption by Regions (2016-2021)


5.2 North America Animal Ultrasound Production, Consumption, Export, Import by Regions (2016-2021)


5.3 Europe Animal Ultrasound Production, Consumption, Export, Import by Regions (2016-2021)


5.4 China Animal Ultrasound Production, Consumption, Export, Import by Regions (2016-2021)


5.5 Japan Animal Ultrasound Production, Consumption, Export, Import by Regions (2016-2021)


5.6 Southeast Asia Animal Ultrasound Production, Consumption, Export, Import by Regions (2016-2021)


5.7 India Animal Ultrasound Production, Consumption, Export, Import by Regions (2016-2021)


 


Chapter 6 Global Animal Ultrasound Production, Revenue (Value), Price Trend by Type


6.1 Global Animal Ultrasound Production and Market Share by Type (2016-2021)


6.2 Global Animal Ultrasound Revenue and Market Share by Type (2016-2021)


6.3 Global Animal Ultrasound Price by Type (2016-2021)


6.4 Global Animal Ultrasound Production Growth by Type (2016-2021)


 


Chapter 7 Global Animal Ultrasound Market Analysis by Application


7.1 Global Animal Ultrasound Consumption and Market Share by Application (2016-2021)


7.2 Global Animal Ultrasound Consumption Growth Rate by Application (2016-2021)


7.3 Market Drivers and Opportunities


7.3.1 Potential Applications


7.3.2 Emerging Markets/Countries


 


Chapter 8 Animal Ultrasound Manufacturing Cost Analysis


8.1 Animal Ultrasound Key Raw Materials Analysis


8.1.1 Key Raw Materials


8.1.2 Price Trend of Key Raw Materials


8.1.3 Key Suppliers of Raw Materials


8.1.4 Market Concentration Rate of Raw Materials


8.2 Proportion of Manufacturing Cost Structure


8.2.1 Raw Materials


8.2.2 Labour Cost


8.2.3 Manufacturing Expenses


8.3 Manufacturing Process Analysis of Animal Ultrasound


 


Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers


9.1 Animal Ultrasound Industrial Chain Analysis


9.2 Upstream Raw Materials Sourcing


9.3 Raw Materials Sources of Animal Ultrasound Major Manufacturers in 2022


9.4 Downstream Buyers


 


Chapter 10 Marketing Strategy Analysis, Distributors/Traders


10.1 Marketing Channel


10.1.1 Direct Marketing


10.1.2 Indirect Marketing


10.1.3 Marketing Channel Development Trend


10.2 Market Positioning


10.2.1 Pricing Strategy


10.2.2 Brand Strategy


10.2.3 Target Client


10.3 Distributors/Traders List


 


Chapter 11 Market Effect Factors Analysis


11.1 Technology Progress/Risk


11.1.1 Substitutes Threat


11.1.2 Technology Progress in Related Industry


11.2 Consumer Needs/Customer Preference Change


11.3 Economic/Political Environmental Change


 


Chapter 12 Global Animal Ultrasound Market Forecast (2022 - 2026)


12.1 Global Animal Ultrasound Production, Revenue Forecast (2022 - 2026)


12.2 Global Animal Ultrasound Production, Consumption Forecast by Regions (2022 - 2026)


12.3 Global Animal Ultrasound Production Forecast by Type (2022 - 2026)


12.4 Global Animal Ultrasound Consumption Forecast by Application (2022 - 2026)


12.5 Animal Ultrasound Price Forecast (2021-2027)


 


Chapter 13 Appendix    


 


 

Request For Methodology

To receive a sample copy of this report, please complete the form below

Kindly share your specific requirement (if any)

Request For List Of Tables

To receive a sample copy of this report, please complete the form below

Kindly share your specific requirement (if any)

FAQ

What is ultrasound used for in animals?

Veterinarians use ultrasound to guide a needle while doing a biopsy. Ultrasound machines are widely used because it is a risk-free and painless way to look at the internal organs of animals. Ultrasound is also sometimes referred to as it is usually quick and, in most cases, does not require any special preparation.

What are the key factors driving the Animal Ultrasound Market?

Growing number of veterinary practitioners in developed economies has been a prime reason for the market penetration. The growing number of veterinarians, especially in developed economies, is one of the major factors driving the growth of the veterinary ultrasound market and its sub-markets.

What are the top companies in the Animal Ultrasound Market?

Canon Inc., DRAMIŃSKI SA, Esaote Spa, FUJIFILM Sonosite Inc., G.E. Healthcare, Samsung Medison Co. Ltd, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Siemens Healthineers, and Sonostar Technologies.

Which region has largest share in Global Animal Ultrasound Market?

North America held the largest share of the Animal Ultrasound market in 2020, with a global market share of 39%.

Choose License Type

Single User

US$ 3500

Multi User

US$ 5250

Corporate User

US$ 7000

Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

Life Science Clients

Animal Ultrasound Market By Scanner Type (Cart-bas...

RD Code : HP22