The Animal/ Veterinary Ultrasound Market size was valued at USD 334.94 Mn. in 2022 and the total Animal/ Veterinary Ultrasound revenue is expected to grow at a CAGR of 7.2% from 2023 to 2029, reaching nearly USD 544.92 Mn.
Animal/ Veterinary Ultrasound Market Overview:
The qualitative and quantitative research provides an in-depth analysis of regional insights into the Market and its dynamic trends, industrial development, and Market-prominent factors. The research method was used to study the global Animal/ Veterinary Ultrasound Market, and the outcomes were rationally presented in the report published by Maximize Market Research through primary and secondary research.
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Animal/ Veterinary Ultrasound Market Scope
Animal/ Veterinary Ultrasound Market report provides extensive knowledge of key trends, Market dynamics, drivers, restraints, and opportunities. Research detects the most significant trends that are helpful for business development. It supports finding the information in the research that defines the competitive landscape of key players, the factors affecting the Animal/ Veterinary Ultrasound Market size and volume, and other aspects that help define the recent Marketing strategies. Furthermore, a SWOT analysis is conducted to find the strengths, weaknesses, opportunities, and threats of the Market.
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Segmentation Analysis
Based on animal type, the Small Companion Animals segment dominated the Animal/ Veterinary Ultrasound market in 2022 with a market share of 62%. At the end of the projection period, the category is anticipated to continue to develop at the highest CAGR and retain its leadership. The small animals sub-segment includes animals including rabbits, cats, dogs, birds, chickens, ducks, and guinea pigs. These animals' number and the illnesses linked to them both increase considerably every year. In addition, dogs and cats are the most common pets in Europe, according to the European Pet Food Industry Association's (FEDIAF) annual report for 2020. 85 million families in Europe are anticipated to own at least one pet animal.
The popularity of pets and companion animals has increased globally. A significant section of the population, especially in cities, owns pets and companion animals, though the percentages vary per nation. The pet animal retail sector, together with the animal nutrition and pet equipment businesses, is expanding quickly. The great majority of veterinarians in practise work in small animal clinics or mixed practises that include both small and large animals. In the veterinary ultrasonography market, specialisations in small pet animal and exotic animal medicine (including the treatment of reptiles) and behavioural medicine (treating behavioural issues in dogs and cats) will become more significant during the projection period.
Animal/ Veterinary Ultrasound 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)
Regional Analysis
Animal/ Veterinary Ultrasound Region witnessed the highest Market share in 2022 and is anticipated to boost significant growth during the forecast period. The increase in demand in the region is driven by stringent norms & regulations, and supporting government policies is to be an important driver of the Market over the forecast period. The Market report includes Market revenue, geographical situation opportunities, press releases, and an in-depth analysis of the business structure. Several reasons are projected to be advantageous for the region's Animal/ Veterinary Ultrasound Market, including the region's increasing aging population, well-developed healthcare infrastructure, supportive governmental policies, and accessibility of medical policy.
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COVID-19 Impact Analysis on Market:
The number of patients increased dramatically as a result of the COVID-19 pandemic. The expansion of healthcare services and other related industries was subsequently impacted by this. It also had a favorable effect on the expansion of the Market. It is mostly caused by a rise in the demand for doctors and other healthcare professionals. During the COVID-19 outbreak, the Market for Animal/ Veterinary Ultrasound manufacturers as well as the profits of companies operating in these industries both experienced a sharp failure in business operations. The pandemic caused a spike in interest in online clinics and therapies. Due to lockdowns the import-export restrictions were laid down on the Market.
Key Questions answered in the Market Report are:
- What is Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the Market?
- Which region held the largest Market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the Market growth?
- Who are the key players of the Market?
- Which company held the largest share in the Market?
- What will be the CAGR of the Market during the forecast period?
- What key trends are likely to emerge in the Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth Drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Animal/ Veterinary Ultrasound
- Landscape- Leading key players and other prominent key players.
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