Animal Veterinary Ultrasound Market Size, Share, Industry Trends and Forecast to 2030

Market Size and CAGR of Animal Veterinary Ultrasound Market in 2021

The global animal veterinary ultrasound market had a market size of USD 600 million in 2021, with a compound annual growth rate (CAGR) of 5.2%. The market is anticipated to reach a value of USD 850 million by the end of 2021.

COVID-19 Impact on the Animal Veterinary Ultrasound Market

The COVID-19 pandemic had a significant impact on the animal veterinary ultrasound market in 2021. The market witnessed a slowdown in growth due to disruptions in the supply chain, reduced veterinary visits, and financial constraints faced by pet owners. However, the market quickly recovered as the demand for veterinary services increased with the rise in pet adoptions during the pandemic.

Animal Veterinary Ultrasound Dynamics

The animal veterinary ultrasound market is driven by the increasing adoption of pets, advancements in veterinary imaging technologies, and the growing awareness about animal health among pet owners. Market players are focusing on developing portable and user-friendly ultrasound devices to cater to the needs of veterinarians and pet owners.

Segments and Related Analysis

The animal veterinary ultrasound market can be segmented based on product type, animal type, and end-user. Product types include 2D ultrasound, 3D ultrasound, and Doppler ultrasound. Animal types include small animals, large animals, and exotic animals. End-users comprise veterinary hospitals, clinics, and research institutions.

By Region Analysis

The animal veterinary ultrasound market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominates the market due to the high adoption of pets, while Asia Pacific is expected to witness significant growth due to the rising awareness about animal health.

Key Market Players and Competitive Landscape

Key players in the animal veterinary ultrasound market include GE Healthcare, Fujifilm Holdings Corporation, Esaote S.p.A., Siemens Healthineers, and Hitachi Medical Corporation. These companies are focusing on strategic partnerships, product launches, and acquisitions to enhance their market presence.

Recent Happenings in the Animal Veterinary Ultrasound Market

In recent developments, GE Healthcare launched the LOGIQ E9 veterinary ultrasound system, a portable and advanced imaging device for veterinary practices. Fujifilm Holdings Corporation acquired SonoSite, a leading manufacturer of portable ultrasound systems, to expand its presence in the veterinary ultrasound market. Esaote S.p.A. introduced the MyLab™X7, a high-performance ultrasound system designed for small and large animal imaging.