The increasing use of ultrasound technology to detect pregnancy in animals is leading to the growth of the veterinary / veterinary ultrasound market.
Pune, March 21, 2022 (GLOBE NEWSWIRE) – According to a report published by The Brainy Insights, the global veterinary / veterinary ultrasound market is projected to grow from $ 322.10 million in 2020 to $ 527.74 million in 2028. It rises to USD, with a CAGR. 6.36% over the forecast period 2021-2028.
The global veterinary / veterinary ultrasound market is witnessing rapid growth over the past few years. The growing demand for veterinary diagnostics is mainly due to the growing acceptance of pets worldwide. In addition, veterinary practices are steadily increasing with the increase in pet ownership in regions such as Europe and North America.
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Ultrasound is a non-invasive imaging technique that helps show the internal structures of the body by the echo and reflection of ultrasound waves. This is one of the most commonly used methods for animals. Ultrasound is a non-invasive technology that has no side effects or adverse effects on animals. In addition, one of the main advantages of ultrasound technology over other techniques is its high speed and affordability.
The global veterinary / veterinary ultrasound market is witnessing rapid growth due to the growing awareness of animal and pet health worldwide. In addition, increase pet insurance for partial health care, further driving market growth. In addition, increasing spending on animal health will boost market growth. However, high prices for ultrasound devices and a lack of awareness in developing countries may limit market growth over the forecast horizon.
The main players in the global veterinary / veterinary ultrasound market are GE Healthcare, Heska Corporation, Siemens AG, FUJIFILM Holdings Corporation, Esaote SpA, Mindray Medical International, Ltd., Samsung Medison Co., Ltd., Diagnostic Imaging Systems Inc., IMV imaging, Shenzhen Ricso Technology Co., Ltd., DRAMIÑSKI SA, Shantou Institute of Ultrasonic Instruments Co., Ltd., Clarius Mobile Health and SonoScape Medical Corporation, among others. Key players are now focusing on implementing strategies such as new technology introductions, product innovations, mergers and acquisitions, joint ventures, alliances and partnerships to improve their market position in the global veterinary / veterinary ultrasound industry.
You can get a detailed analysis of the veterinary / veterinary ultrasound market: https://www.thebrainyinsights.com/report/animalveterinary-ultrasound-market-12552
• In November 2016, Clarius Mobile Health announced the introduction of new ultrasound wireless scanner pairs with iOS and Android devices that allow ultrasound examination of pets.
• In January 2020, Heska Corporation announced the acquisition of CVM Diagnostico Veterinario, SL and CVM Ecografía, SL, leading suppliers of imaging and blood testing products for companion animals, to expand its product portfolio.
The 2D Ultrasound segment dominated the global veterinary / veterinary ultrasound market, valued at $ 168.46 million in 2020.
The type segment is divided into 2D ultrasound, 3D / 4D ultrasound and doppler ultrasound. The 2D Ultrasound segment dominated the global veterinary / veterinary ultrasound market, valued at $ 168.46 million in 2020. The growth is mainly due to the fact that this technology is widely used to diagnose various diseases, which promotes the growth of the market.
The digital imaging segment had a market share of 49.69% in 2020.
The technology segment includes digital imaging, contrast imaging and analog imaging. In 2020, digital imaging had the largest market share at 49.69%. Cost-effectiveness and high-quality imaging are one of the key drivers of market growth.
In 2020, the companion segment had a market share of 63.23%.
The animal type segment is divided into small companion animals and large animals. In 2020, the share of the companion segment will be the largest, at 63.23%.
The obstetrics / gynecology segment had the largest market share, valued at $ 117.76 million in 2020.
The application segment can be divided into obstetrics / gynecology, cardiology, orthopedics and others. The obstetrics / gynecology segment had the largest market share, valued at $ 117.76 million in 2020. The increasing use of ultrasound technology to detect pregnancy in animals is driving the market growth.
The veterinary hospital segment is forecast to grow with the highest CAGR of 7.8% over the forecast period
The end-user segment includes veterinary clinics, animal hospitals and others. The veterinary hospital segment is forecast to grow with the highest CAGR of 7.8% over the forecast period. The increasing proliferation of ultrasound devices in veterinary hospitals is likely to move the market over the forecast period.
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Regional segment analysis of the veterinary / veterinary ultrasound market
• North America (USA, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
• Asia-Pacific (China, Japan, rest of APAC)
• South America (Brazil and the rest of South America)
• Middle East and Africa (UAE, South Africa, rest of MEA)
The North American region has become the largest market in the veterinary / veterinary ultrasound market, valued at $ 156.83 million in 2020. The increase in spending on pet health and animal health in the region is one of the key factors in the growth of the market. . In addition, the presence of key market players in the region is further driving market growth. On the other hand, the Asia Pacific region had the highest CAGR growth of 7.6% over the forecast period. This is mainly due to the increasing attention paid to animal health in the region. In addition, many countries in the Asia-Pacific region are highly dependent on animals for a variety of applications, further driving market growth.
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About the report:
The global veterinary / veterinary ultrasound market is analyzed by value (million USD). All segments were analyzed on a global, regional, and country basis. The study includes analysis of more than 30 countries per segment. The report provides an in-depth analysis of the drivers, opportunities, constraints and challenges to gain key insights into the market. The study includes porter’s five force models, attraction analysis, and competitor position network analysis.
About Brainy Insights:
Brainy Insights is a market research firm that aims to provide companies with practical insights to improve their business acumen through data analysis. We have a robust forecasting and estimation model to meet our customers ’goals for high quality output in a short period of time. We provide both customized (customer-specific) and syndicated reports. The repository of syndicated reports is diverse across all categories and subcategories. We tailor our customized solutions to the needs of our customers, whether they want to expand or plan to introduce a new product to the global market.
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