Global Veterinary Ultrasound Scanners Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027
Veterinary Ultrasound Scanners Market Introduction:
"The Veterinary Ultrasound Scanners Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Ultrasound imaging uses high-frequency sound waves that pass through your body. The sound waves are reflected or bounced off internal organs and tissues, and waves are recorded and displayed by a computer. Ultrasound imaging works on the same principle as sonar. Ultrasound scanners usually consist of a computer, video screen, and transducer. Ultrasound provides real-time images, it also can be used to guide procedures, such as a biopsy, in which a needle is used to obtain cells from an abnormal area for laboratory testing.
Technological advancements in the electronics sector resulting in miniaturization of devices, rising disposable income, and increasing pet care expenditure from pet owners are major factors expected to drive the growth of the global market. In addition, increasing incidences of various chronic diseases among pet animals and increasing government initiatives in order to facilitate the healthcare systems for pets are some other major factors expected to support the growth of the market to a certain extent.
Moreover, increasing demand for portable ultrasound scanners, owing to various benefits such as being portable, easy to use, and reliable is another factor expected to support the growth of the global market to a substantial rate in near future.
However, lack of awareness of animal well-being in developing countries is a major factor expected to restrain the growth of the global market. In addition, stringent government regulations related to pet adoption and under-developed pet healthcare system in developing countries are some other factors expected to limit the growth of the market to a certain extent.
Increasing investment by major players, coupled with government initiatives toward developing pet healthcare facilities is expected to create new opportunities in terms of revenue for players operating in the global market over the forecast period. In addition, increasing public-private partnerships in developing countries are expected further support the growth of the market.
North America is expected to dominate the global market in terms of revenue and is expected to continue its dominance over the forecast period. The dominance can be attributed to the increasing number of pet owners, well-developed healthcare systems, and increasing R&D activities, coupled with the presence of major players operating in the countries in this region. The market in the Asia Pacific is expected to witness faster growth, owing to rising disposable income and increasing spending on pet care. In addition, changing pet adoption regulatory scenarios and increasing government initiatives toward the development of animal healthcare infrastructure are expected to further support the growth of the market in this region. The market in Europe is expected to contribute significant revenue share in the global market.
Global Veterinary Ultrasound Scanners Market Segmentation:
By Product Type:
- Portable Ultrasound Scanners
- Cart-Based Ultrasound Scanners
By Imaging Technology:
- Digital Imaging Technology
- Analog Imaging Technology
- Contrast Imaging Technology
By End User:
- Veterinary Hospitals
- Veterinary Clinics
- Animal Breeding and Farms
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Esaote SpA
- Samsung Medison Co. Ltd.
- Siemens Healthineers, Inc.
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- BCF Technology Ltd.
- Sonostar Technologies Co. Limited
- DRAMINSKI S.A.
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