Animal/Veterinary Ultrasound Market Forecasts, 2020-2025 - Lucrative Opportunities in Obstetrics/Gynecology Applications, Veterinary Clinics, and Asia-Pacific
DUBLIN, Feb. 3, 2020 /PRNewswire/ -- The "Animal/Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Technology, Product (Portable, Cart-based), Animal (Small Companion, Large), Application (Obstetrics, Orthopedics, Cardiology), End User, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global veterinary ultrasound market is projected to reach USD 448.1 million by 2025 from USD 337.6 million in 2020, at a CAGR of 5.8% during the forecast period.
The market is driven by the growth in the companion animal population, rising demand for pet insurance, and an increase in the number of veterinary practitioners in developed economies. However, the high cost of instruments and procedures are expected to restrain market growth to a certain extent.
Obstetrics/Gynecology is the fastest-growing application segment during the forecast period
Based on application, the animal/veterinary ultrasound market is segmented into obstetrics/gynaecology, cardiology, orthopaedics, and others. The obstetrics/gynaecology segment is expected to register the highest CAGR during the forecast period, primarily due to the large volume of pregnancy tests performed.
Veterinary Clinics dominate the animal/veterinary ultrasound market, by end-user during the forecast period
Based on end-user, the market is segmented into veterinary clinics, veterinary hospitals, and academic institutes and others. The veterinary clinic's segment is expected to grow at the highest CAGR during the forecast period. Veterinary clinics are the primary point of contact for pet owners, making them a significant driver in this market.
The Asia Pacific market to witness the highest growth during the forecast period
The Asia Pacific is expected to witness the highest growth during the forecast period (2020 to 2025), owing to factors such as rise in demand for pet insurance, increasing pet healthcare expenditure, growing population of food-producing animals and the need for animal-derived food products, rising awareness of zoonotic animals, and the growing number of veterinary hospitals and clinics in this region.
Prominent players in the animal/veterinary ultrasound market are GE Healthcare (US), Heska Corporation (US), Siemens AG (Germany), FUJIFILM Holdings Corporation (Japan), Esaote SpA (Italy), Mindray Medical International, Ltd. (China), Samsung Medison Co., Ltd. (Korea), Diagnostic Imaging Systems Inc. (US), IMV imaging (Scotland) and Shenzhen Ricso Technology Co., Ltd. (China).
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Veterinary Ultrasound Market Overview
4.2 Asia Pacific: Market, By Technology & Country (2019)
4.3 Animal Ultrasound Market: Regional Mix
4.4 Market: Developed vs. Developing Countries
4.5 Market: Geographic Growth Opportunities
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Companion Animal Population
5.2.1.2 Growing Number of Veterinary Practitioners in Developed Economies
5.2.1.3 Technological Advancements
5.2.1.4 Rising Demand for Pet Insurance and Increasing Pet Care Expenditure
5.2.2 Restraints
5.2.2.1 High Cost of Instruments and Procedures
5.2.3 Opportunities
5.2.3.1 Untapped Emerging Markets
5.2.4 Challenges
5.2.4.1 Low Animal Health Awareness in Developing Countries
5.2.4.2 Shortage of Trained Professionals
6 Market, By Product
6.1 Introduction
6.2 Cart-Based Ultrasound Scanners
6.2.1 The Popularity of Cart-Based Scanners is Expected to Decline Due to the Advent of Compact/Handheld Scanners
6.3 Compact/Handheld Ultrasound Scanners
6.3.1 Technological Advancements & Increasing Demand for Point-Of-Care Diagnostics to Drive Market Growth
7 Market, By Type
7.1 Introduction
7.2 2D Ultrasound
7.2.1 2D Ultrasound Segment to Account for the Largest Share of the Market in 2019
7.3 Doppler Ultrasound
7.3.1 Color Doppler is Widely Used in Veterinary Sonography Evaluations - A Key Factor Driving Growth
7.4 3D/4D Ultrasound
7.4.1 3D/4D Ultrasound Segment is Expected to Grow at the Highest CAGR During the Forecast Period
8 Market, By Technology
8.1 Introduction
8.2 Digital Imaging
8.2.1 Digital Imaging to Account for the Largest Share of the Market in 2019
8.3 Contrast Imaging
8.3.1 Major Clinical Indications of Contrast Imaging Include M-Mode Imaging and Myocardial Perfusion
9 Market, By Animal Type
9.1 Introduction
9.2 Small Companion Animals
9.2.1 Rising Pet Population and Growing Pet Care Expenditure are Factors Driving the Growth of This Segment
9.3 Large Animals
9.3.1 Development of Portable Ultrasound Scanners has Improved Diagnostic Reproductive Management in Large Animals
9.4 Other Animals
10 Market, By Application
10.1 Introduction
10.2 Obstetrics & Gynecology
10.2.1 Obstetrics & Gynecology to Account for the Largest Share of the Market in 2019
10.3 Cardiology
10.3.1 Increasing Prevalence of Cardiovascular Diseases in Dogs and Cats to Drive the Growth of This Segment
10.4 Orthopedics
10.4.1 Ultrasound is Routinely Used for Orthopedic Imaging in Horses
10.5 Other Applications
11 Market, By End-User
11.1 Introduction
11.2 Veterinary Clinics
11.2.1 Veterinary Clinics Segment to Account for the Largest Share of the Market in 2019
11.3 Veterinary Hospitals & Academic Institutes
11.3.1 Veterinary Hospitals Provide Animal/Veterinary Ultrasound on A Larger Scale Than Clinics-A Key Factor Driving Growth
11.4 Other End Users
12 Market, By Region
12.1 Introduction
12.2 North America
12.2.1 US
12.2.1.1 Large Companion Animal Population and Growing Pet Expenditure are Responsible for the High Market Share of the US
12.2.2 Canada
12.2.2.1 Pet Adoption in Canada has Witnessed Only A Marginal Increase, Which is Why the Market in Canada is Significantly Smaller Than the US
12.3 Europe
12.3.1 Germany
12.3.1.1 Germany Accounts for the Largest Share of the Veterinary Ultrasound Market in Europe
12.3.2 UK
12.3.2.1 Corporatization of Veterinary Practices is Expected to Result in Greater Purchases of Veterinary Equipment in the UK
12.3.3 France
12.3.3.1 Growing Companion and Livestock Populations Will Support the Growth of the Market in France
12.3.4 Italy
12.3.4.1 Increasing Livestock Population and Growing Awareness of Animal Health Will Generate High Demand for Ultrasound Scanners
12.3.5 Spain
12.3.5.1 Increasing Animal Health Expenditure is A Major Factor Driving Market Growth
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.1.1 China Dominates the APAC Veterinary Ultrasound Market
12.4.2 Japan
12.4.2.1 Rising Pet Health Expenditure Will Drive the Usage of Ultrasound in the Country
12.4.3 India
12.4.3.1 Rising Livestock Animal Population and Growing Awareness Will Contribute to Market Growth in India
12.4.4 Rest of Asia Pacific
12.5 Latin America
12.5.1 Brazil
12.5.1.1 Brazil Accounts for the Largest Share of the Latam Market
12.5.2 Mexico
12.5.2.1 Rising Demand for Animal-Derived Food Products Will Contribute to Market Growth in Mexico
12.5.3 Rest of Latin America
12.6 Middle East & Africa
12.6.1 Growing Livestock Industry is Expected to Contribute to Market Growth in This Region
13 Competitive Landscape
13.1 Overview
13.2 Growth Strategy Matrix (2017-2019)
13.3 Market Share Analysis
13.3.1 Market Share Analysis: Animal Ultrasound Market
13.4 Competitive Leadership Mapping
13.4.1 Visionary Leaders
13.4.2 Innovators
13.4.3 Dynamic Differentiators
13.4.4 Emerging Companies
13.5 Competitive Situation and Trends
13.5.1 Product Launches
13.5.2 Partnerships, Collaborations, & Agreements
13.5.3 Mergers & Acquisitions
14 Company Profiles
14.1 GE Healthcare
14.1.1 Business Overview
14.1.2 Products Offered
14.1.3 Competitive Analysis
14.2 Esaote S.p.A.
14.3 Mindray Medical International Co. Ltd.
14.4 Siemens AG
14.5 Fujifilm Holdings
14.6 Heska Corporation
14.7 Samsung Medison Co. Ltd.
14.8 Diagnostic Imaging Systems, Inc.
14.9 IMV Imaging
14.10 Shenzhen Ricso Technology Co. Ltd.
14.11 Dramiski S.A.
14.12 Shantou Institute of Ultrasonic Instruments Co. Ltd.
14.13 Clarius Mobile Health
14.14 Sonoscape Medical Corporation
14.15 E.I. Medical Imaging
14.16 Edan Instruments, Inc.
14.17 Xuzhou Kaixin Electronic Instrument Co. Ltd.
14.18 Promed Group Co. Ltd.
14.19 BMV Technology Co. Ltd.
14.20 Meditech Equipment Co. Ltd.
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