Global Animal Ultrasound Market Forecast to 2030
The Global Animal/Veterinary Ultrasound Market research report is a complete document that explains the most recent breakthroughs and advancements in the Animal/Veterinary Ultrasound industry, using 2019 as the base year and 20222030 as the forecast year. The analysis offers insightful data on the market's size, share, sales channels, distribution networks, market segmentation, consumer demands and trends, and growth prospects. The expansion of regional and global markets is also examined in the study. In the paper, the effect of the COVID-19 pandemic on the market for Animal/Veterinary Ultrasound and its important sectors is studied.
The globalanimal/veterinary ultrasound marketsize reached USD 318.9 million in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period, according to the latest analysis by Emergen Research. The increasing number of companion animals and rising demand for pet insurance are some key factors projected to support veterinary ultrasound market revenue growth between 2021 and 2030. In addition, the increasing number of veterinary doctors in developed and developing countries is expected to boost revenue growth in the market going forward. The increasing number of veterinarians has also resulted in an increasing number of new treatment facilities, which is expected to boost demand for various treatment equipment for animals, including animal ultrasound devices. In addition, veterinarians' incomes in developed countries have significantly risen in recent years, and this is strengthening their purchasing power, which is expected to boost adoption of animal ultrasound devices in private clinics.
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Competitive Terrain:
The global Animal Ultrasound industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
IDEXX Laboratories, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Esaote SpA, GE Healthcare, Heska Corporation, Diagnostic Imaging Systems, Inc., Clarius Mobile Health Corp., DRAMISKI S.A., and Hallmarq Veterinary Imaging Limited
Research Report on the Animal Ultrasound Market Addresses the Following Key Questions:
- Who are the dominant players of the Animal Ultrasound market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Animal Ultrasound market?
- What are the key growth drivers and restraining factors of the Animal Ultrasound market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Animal Ultrasound market and its key segments?
Market Overview:
The report bifurcates the Animal Ultrasound market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Animal Type Outlook (Revenue, USD Million; 20192030)
- Large Animals
- Small Companion Animals
- Imaging Type Outlook (Revenue, USD Million; 20192030)
- Doppler Imaging
- 2D Ultrasound Imaging
- 3D 4D Ultrasound Imaging
- Scanner Type Outlook (Revenue, USD Million; 20192030)
- Handheld Ultrasound Scanners
- Cart-based Ultrasound Scanners
Regional Landscape section of the Animal Ultrasound report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights from the Report
- Large animals segment revenue is expected to expandat a substantially rapid CAGR during the forecast period owing to rising prevalence of zoonotic diseases in cows, horses, and buffalos. Additionally,increasing livestock numbers is expected to propel revenue growth of this segment.
- Obstetrics gynecology segment is expected to register a significantly robust revenue growth rate over the forecast period due to increasing use of ultrasound for animal pregnancy testing.
- North America is expected to register a considerably steady revenue growth rate in the global animal ultrasound market over the forecast period due to presence of major animal ultrasound system providers such as GE Healthcare, IDEXX Laboratories, Inc., Carestream Health, Inc., and Diagnostic Imaging Systems, Inc. among others in countries in the region.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Animal Ultrasound market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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