The latest report is the most recent study that offers 360° coverage of the Animal Ultrasound industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Animal Ultrasound market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
The current trends of the Animal Ultrasound market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Animal Ultrasound market report. Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Animal Ultrasound industry.
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In addition, increasing number of veterinary doctors in developed and developing countries is expected to boost revenue growth of the market going ahead. Increasing number of veterinarians has also resulted in 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.However, lack of animal care awareness in some developing countries and high cost of equipment and processes are key factors expected to hamper market revenue growth during the forecast period.
Some Key Highlights from the Report
Large animals segment revenue is expected to expand at 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.
Major companies in the market report include IDEXX Laboratories, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Esaote SpA, GE Healthcare, Heska Corporation, Diagnostic Imaging Systems, Inc., Clarius Mobile Health Corp., Dramiñski S.A., and Hallmarq Veterinary Imaging Limited.
In May 2021, Carestream Health, Inc. announced the selection of Hewlett Packard Enterprise to support new healthcare initiatives based on AI-as-a-service. The next-generation technology from Carestream employs Artificial Intelligence to simplify, transform, and improve medical imaging process.
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Regional Analysis of the Animal Ultrasound Market:
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)
Emergen Research has segmented global animal ultrasound on the basis of animal type, imaging type, scanner type, technology, application, end-use, and region:
Animal Type Outlook (Revenue, USD Million; 2018–2028)
Large Animals
Small Companion Animals
Imaging Type Outlook (Revenue, USD Million; 2018–2028)
Doppler Imaging
2D Ultrasound Imaging
3D & 4D Ultrasound Imaging
Scanner Type Outlook (Revenue, USD Million; 2018–2028)
Handheld Ultrasound Scanners
Cart-based Ultrasound Scanners
Technology Outlook (Revenue, USD Million; 2018–2028)
Contrast Imaging
Digital Imaging
Microstream
Application Outlook (Revenue, USD Million; 2018–2028)
Cardiology
Orthopedics
Obstetrics & Gynecology
Oncology
Others
End-use Outlook (Revenue, USD Million; 2018–2028)
Veterinary Hospitals & Clinics
Academic & Research Centers
Laboratories
Point-of-care (POC) Facilities
Others
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.
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