Animal/ Veterinary Ultrasound Market: size was valued at USD 312.45 Mn. in 2021 and the total Animal/ Veterinary Ultrasound revenue is expected to grow at a CAGR of 7.2% from 2022 to 2029, reaching nearly USD 544.93 Mn.
Animal/ Veterinary Ultrasound Market Overview:
Animal/ Veterinary Ultrasound Market research report explores and evaluates the market's position during the predicted period. It is in-depth study focusing on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The research also looks at notable individuals, large collaborations, mergers and acquisitions, as well as contemporary innovation and corporate strategy.
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Animal/ Veterinary Ultrasound Market Dynamic:
On a global scale, there has been an increase in the overall companion animal population and adoption rate. Keeping a companion animal is related to favorable health advantages such as fewer cardiac arrhythmias, stabilization of blood pressure, less anxiety, higher psychological stability, and enhanced well-being, according to various studies. Animal ownership is increasing in emerging economies such as Brazil, China, India, and Mexico. The growing pet population is expected to increase revenues for pet care products and services, supporting the growth of dependent industries like the Animal/ Veterinary Ultrasound market.
Over the previous several years, the global companion animal population has increased significantly. According to the American Pet Products Association (APPANational )'s Pet Owners Survey (2021-2022), 70% of US homes, or around 90.5 million families, own a pet. This is up from 56% of US homes in 1988 when the report was first conducted. As a result, The growing pet population is expected to increase demand for pet care goods and services, driving the growth of the Animal/ Veterinary Ultrasound market during the forecast period.
We examined the Animal/ Veterinary Ultrasound Market from every angle conceivable, including both primary and secondary research approaches. This improved our grasp of current market dynamics, such as supply-demand imbalances, pricing trends, product preferences, and customer behaviours. Following that, the data is collated and evaluated using a variety of market estimation and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
Following the completion of market engineering, which comprised market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information to verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Animal/ Veterinary Ultrasound Market Segmentation:
Based on the Animal Type, the Small Companion Aminals segments held the largest market share of 62% and dominated the Animal/ Veterinary Ultrasound market in 2021. The segment is further expected to grow at the highest CAGR and maintain its dominance at the end of the forecast period. Rabbits, cats, dogs, birds, chickens, ducks, and guinea pigs are among the animals included in the small animals sub-segment. Each year, the population of these animals grows significantly, as well as the infections associated with them. Additionally, according to the European Pet Food Industry Association's (FEDIAF) annual report for 2020, dogs and cats are the most popular pets in Europe. However, it is expected that 85 million European families have at least one pet animal. As a result, the increasing number of small animals is expected to drive segment growth throughout the forecast period.
Animal/ Veterinary Ultrasound Market Key Players:
• GE Healthcare (US)
• Esaote SpA (Italy)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
• Siemens Healthineers (Germany)
• FUJIFILM Holdings Corporation (Japan)
• Heska Corporation (US)
• Samsung Electronics Co., Ltd. (South Korea)
• Diagnostic Imaging Systems, Inc. (US)
• IMV Imaging (UK)
• Shenzhen Ricso Technology Co., Ltd. (China)
• DRAMIŃSKI S.A. (Poland)
• Shantou Institute of Ultrasonic Instruments (SIUI) (China)
• Clarius Mobile Health (Canada)
• SonoScape Medical Corp. (China)
• E.I. Medical Imaging(US)
• BMV Technology Co., Ltd. (China)
• Edan Diagnostics, Inc. (China)
• Xuzhou Kaixin Electronic Instrument Co. Ltd. (China)
• Sound (US)
• ReproScan (US)
• Interson Corporation (US)
• Scintica Instrumentation, Inc. (Canada)
• Lepu Medical Technology (China)
• Promed Technology Co., Ltd. (China)
Secondary research is used to identify industry leaders, and primary research is utilised to estimate market revenue. In-depth interviews with important thought leaders and industry experts, such as seasoned front-line staff and marketing personnel, were conducted as part of the main research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line employees, CEOs, and marketing personnel. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing personnel were conducted as part of the primary study.. The players highlighted in this report are as follows:
Animal/ Veterinary Ultrasound Market Regional Analysis:
The study covers both qualitative and quantitative data and offers a comprehensive look into the Animal/ Veterinary Ultrasound industrial sector by area. It gives an overview and forecast of the worldwide Animal/ Veterinary Ultrasound market by segment. It also forecasts and predicts market sizes for five important regions between 2021 and 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area's Animal/ Veterinary Ultrasound market is further subdivided into regions and sectors. The research examines and forecasts a wide range of countries, as well as existing industry trends and prospects.
COVID-19 Impact Analysis on Animal/ Veterinary Ultrasound Market:
We investigated and analyzed the Global Animal/ Veterinary Ultrasound Business Expansion Strategy post-COVID-19, using organisational strategic analysis, landscape, category, utilization, and leading countries to encapsulate and analyze the global Animal/ Veterinary Ultrasound industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial firms a strategic analysis of the impact of COVID-19. Simultaneously, this study assessed significant countries' markets and highlighted their market potential in post-pandemic scenarios.
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Key Questions Answered in the Animal/ Veterinary Ultrasound Market Report are:
- Which product categories, End Users, and Regions provide the most potential high-growth possibilities in the worldwide Animal/ Veterinary Ultrasound sector?
- Which Animal/ Veterinary Ultrasound market categories will grow the most rapidly, and why?
- Which regions will have the most rapid development, and why?
- What are the main factors impacting Animal/ Veterinary Ultrasound market dynamics? What are the main drivers and challenges in the Animal/ Veterinary Ultrasound market?
- What are the Animal/ Veterinary Ultrasound market's vulnerabilities and threats?
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