Meticulous Research® recently published a comprehensive report titled "Veterinary Ultrasound Market by Animal Type [Small, Large (Equine, Farm)], Scanner [Cart-based, Handheld], Technology (2D, 3D/4D, Doppler), Application (Orthopedic, Cardiology, Obstetric & Gynecology), End User (Clinic, Hospital) - Global Forecast to 2030." This detailed report highlights the trends driving the growth of the veterinary ultrasound market worldwide.

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The report projects that the veterinary ultrasound market will reach $520.11 million by 2030, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. Market growth is driven by increasing pet ownership, the growing prevalence of zoonotic diseases, and continuous advancements in ultrasound technology. In addition, favorable government initiatives and rising spending on pet insurance in developed countries are boosting market demand.

Emerging economies, particularly in the Asia-Pacific region, are creating new growth opportunities for companies in the veterinary ultrasound market. While the U.S. and European markets are well-established, manufacturers are increasingly looking to expand in underpenetrated regions. Factors like rising livestock production, increasing demand for animal-derived food products, and favorable government policies are driving the need for better veterinary diagnostic tools.

The rising global demand for meat and other livestock-derived food products is a significant factor contributing to market expansion. According to FAO, meat protein consumption is expected to increase by 14% by 2030. To meet this demand, enhanced diagnostic solutions such as ultrasound technology are required to improve livestock health and management.

The veterinary ultrasound market is categorized based on several factors, including animal type, portability, and technology. By animal type, small animals, such as companion pets, are expected to dominate the market by 2024. This growth is fueled by increasing pet ownership, particularly in developed countries, and rising healthcare expenditures on pets.

Portability is a critical factor for veterinary ultrasound devices, and cart-based scanners are expected to account for the largest market share by 2024. These scanners are commonly used in veterinary hospitals and clinics due to their accessibility and advanced features. Additionally, continuous technological improvements have increased their usability.

On the technological front, the 2D ultrasound segment is projected to hold the largest market share by 2024. These devices are commonly used in veterinary practices due to their ease of use, affordability, and real-time imaging capabilities, making them the preferred diagnostic tool for veterinarians.

In terms of applications, veterinary ultrasound is used across multiple fields, including cardiology, orthopedics, and gynecology. The cardiology segment is expected to dominate the market by 2024, primarily driven by the increasing incidence of heart diseases among pets, especially aging and obese animals. For instance, Myxomatous Mitral Valve Disease (MMVD) is particularly common in older dogs.

The veterinary ultrasound market is also segmented by end users, with veterinary hospitals expected to account for the largest share by 2024. Veterinary hospitals provide advanced diagnostic services, including imaging, surgeries, and treatments for animals. The increased number of visits to hospitals due to zoonotic diseases is a key factor contributing to this segment’s growth.

Geographically, the report highlights major markets, including North America, Europe, and Asia-Pacific. North America is expected to hold the largest share of the veterinary ultrasound market in 2024, primarily driven by high pet ownership rates, increased spending on livestock, and rising awareness about zoonotic infections. The region's strong demand for high-quality veterinary care further supports market growth.

In conclusion, the global veterinary ultrasound market is expected to experience substantial growth over the coming years. Key drivers include technological advancements, rising pet ownership, and growing opportunities in emerging markets. Companies in the sector are likely to focus on innovation and expansion into new regions to capitalize on these trends.

Key Players: 

The key players operating in the veterinary ultrasound market are Esaote S.p.A (Italy), Sonostar Technologies Co. (China), Universal Imaging Inc. (U.S.), FUJIFILM Sonosite, Inc. (U.S.), SOUND (U.S.), Samsung Electronics Co., Ltd. (South Korea), Shenzhen Mindray Animal Medical Technology Co., LTD. (China), Siemens Medical Solutions, Inc. (U.S.), Heska Corporation (U.S.), IMV Imaging Ltd (U.K.), and DRAMIŃSKI S. A. (Poland).

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Key questions answered in the report-

• Which are the high-growth market segments in terms of animal type, portability, technology, application, end user, and geography?
• What was the historical market for veterinary ultrasound across the globe?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the veterinary ultrasound market?
• Who are the major players in the veterinary ultrasound market?
• What is the competitive landscape, and who are the market leaders in the veterinary ultrasound market?
• What are the recent developments in the veterinary ultrasound market?
• What are the different strategies adopted by the major players in the veterinary ultrasound market?
• What are the geographical trends and high-growth regions/countries?

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