The new report by Expert Market Research titled, ‘Global Veterinary Ultrasound Devices Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global veterinary ultrasound devices market, assessing the market based on its segments like device types, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.8%
Rising demand for and growing number of veterinarians, an increasing number of animals being adopted as pets, a growing number of physically demanding animal-sporting events, rising demand for better animal healthcare, progressive urbanisation, and growing per capita animal health expenditure are factors likely to drive the global veterinary ultrasound devices market. Over the forecast period, rising pet adoption and the frequency of cardiovascular and oncological illnesses among companion and livestock animals are expected to fuel the market expansion.
Industry Definition and Major Segments
Ultrasound is a common veterinary imaging modality that has distinct advantages over radiography in some diagnostic situations. Ultrasound technology has advanced recently, allowing for more precise diagnostics. Image resolution, image optimisation software, ergonomics, on-board reporting system, needle guidance features, and specific applications are the significant aspects of veterinary ultrasound equipment.
By device type, the market is segmented into:
• Benchtop
• Handheld
By end-user, the market is classified into:
• Veterinary Hospitals
• Veterinary Surgical Centres
• Others
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
New product improvements, fuelled by rising demand for better imaging technology and a growing awareness of the importance of early and precise illness diagnosis, may raise the market outlook for veterinary ultrasound devices in the coming years. With advancements in technology, veterinary ultrasound systems have become more advanced and come to offer more versatility and improved diagnostic capability. Some features that enhance ease of use of a system include swivel and tilting of large monitors, simultaneous split-screen, GE Scan Assistant like features, and “Plug and Play” veterinary presets. The growth of veterinary clinics and hospitals in these countries has increased the demand for the veterinary ultrasound market.
Key Market Players
The major players in the market are IMV Imaging, Draminski S. A., FUJIFILM Sonosite Inc., E.I. Medical Imaging, and Esaote SpA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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