CHICAGO, August 5, 2022 /PRNewswire/ — veterinary ultrasound market should go from $334 million in 2022 at $449 million by 2027, at a CAGR of 6.1% from 2022 to 2027, according to a new report from MarketsandMarkets™. With the growing penetration of pet insurance and rising pet care spending, access to high-cost diagnostic and treatment procedures for various veterinary health conditions is expected to increase in the coming years. coming. This is considered an indicator of market growth.
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Pet health expenses include the purchase of pet food, over-the-counter supplies/medications, veterinary care services, and pet insurance policies. Over the past few years, spending on pet sitting has increased dramatically in several countries. Growth in animal healthcare expenditure is expected to increase the number of veterinary visits by pet owners, thereby contributing to the growth of the overall veterinary healthcare market.
The 2D ultrasound segment accounted for the largest share of the veterinary ultrasound market
On the basis of type, the animal ultrasound market is segmented into 2D ultrasound, 3D/4D ultrasound and Doppler ultrasound. In 2021, the 2D ultrasound segment accounted for the largest market share. Over the years, the applications of 2D ultrasound imaging have also increased significantly. Point-of-care diagnostics, emergency care, and sports medicine are some of the applications of 2D ultrasound imaging. This is expected to contribute to the growth of the 2D ultrasound imaging market in the coming years.
Trolley-mounted ultrasound scanner segment accounted for the largest share of the veterinary ultrasound scanner market
On the basis of product, the veterinary ultrasound market is segmented into cart-based and portable ultrasound scanners. In 2021, the cart-based ultrasound scanner segment accounted for the largest share of the market. The large share of this segment can be attributed to the steady demand for cart-based ultrasound machines in emergency and intensive care departments.
The digital imaging segment accounted for the largest share of the animal ultrasound market
Based on technology, the veterinary ultrasound market is segmented into digital imaging and contrast technologies. In 2021, the digital imaging segment accounted for the largest market share. Digital imaging provides workflow benefits to hospitals and radiology departments, stores images on a centralized hard drive, and improves efficiency by allowing radiologists to review and report patient studies in a digital format . These strengths support the growth of this market segment.
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The obstetrics/gynecology segment accounted for the largest share of the animal ultrasound market
Based on application, the veterinary ultrasound market is segmented into obstetrics/gynecology, cardiology, orthopedics and other applications. The obstetrics/gynecology segment accounted for the largest share of the market in 2021. The large share of this segment is attributed to the increasing volume of pregnancy tests performed on animals.
The small animal segment accounted for the largest share of the animal ultrasound market
Based on animal type, the veterinary ultrasound market is segmented into small animals, large animals and other animals. In 2021, the small animal segment accounted for the largest market share. Rising population of small pets, rising pet care expenses and growing demand for pet insurance are some of the major factors driving the small pet segment .
The veterinary clinic segment accounted for the largest share of the veterinary ultrasound market
Based on the end user, the animal ultrasound market is segmented into veterinary clinics, veterinary hospitals, and academic institutes, as well as other end users. Veterinary clinic segment accounted for the largest share of the market in 2021. Rising number of patient visits, along with growing number of private clinical practices and increasing revenue from veterinary clinics, are the major factors driving the demand veterinary ultrasound in clinics. .
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The Asia Pacific the market is estimated to witness the highest CAGR during the forecast period
The Asia Pacific The market is estimated to witness the highest CAGR during the forecast period owing to growing livestock population, increasing adoption of pets, animal health awareness, gradual urbanization and the increase in animal health expenditure per capita in several Asia Pacific countries.
Key Players in the Veterinary Ultrasound Market
Major players in the veterinary ultrasound market are GE Healthcare (US), Esaote SpA (Italy), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Heska Corporation (USA), Samsung Electronics Co., Ltd. (South Korea), Diagnostic Imaging Systems, Inc. (USA) and IMV Imaging (UK).
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Veterinary imaging market by product (ultrasound (2D, 3D, Doppler), X-rays (CR, DR), MRI, CT, software, reagent), therapeutic area (orthopedics, gynecology, oncology, dentistry), animal (small, large), end User (Hospital, Clinic) – Global Forecast to 2026
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