Meticulous Research® has released a 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 explores the various factors driving the global veterinary ultrasound market.

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According to the report, the veterinary ultrasound market is projected to reach $520.11 million by 2030, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. The market's expansion is fueled by the increasing adoption of pets, the rising prevalence of zoonotic diseases, and technological advancements in ultrasound devices. Favorable government initiatives and increased spending on pet healthcare in developed nations are further supporting the market's growth.

While developed economies, such as the U.S. and certain European countries, have traditionally dominated the veterinary ultrasound market, manufacturers are now focusing on expanding into emerging markets. Countries in the Asia-Pacific region, in particular, are offering significant growth opportunities. The rising demand for livestock-derived food products and increasing pet ownership in these regions are driving the adoption of veterinary diagnostics.

Global meat consumption is projected to rise substantially in the coming years. According to FAO estimates, meat protein consumption is expected to increase by 14% by 2030. As demand for livestock-derived food products rises, improved veterinary care and diagnostic tools, such as ultrasound technology, are becoming increasingly important for livestock management.

The veterinary ultrasound market is segmented by animal type, portability, and technology. By 2024, small animals are expected to account for the largest share of the market, driven by rising pet ownership and increased spending on pet healthcare. Developed countries, in particular, are seeing a surge in pet healthcare expenditures, contributing to the growth of this segment.

Portability is another key factor driving demand in the veterinary ultrasound market. Cart-based ultrasound scanners are projected to hold the largest market share by 2024, owing to their widespread use in veterinary hospitals and clinics. These systems are favored for their advanced features, which have been further enhanced by recent technological advancements.

In terms of technology, 2D ultrasound systems are expected to maintain the largest share of the market. These systems are widely used in veterinary practices due to their affordability, real-time imaging capabilities, and ease of use, making them a popular choice among veterinary professionals.

Veterinary ultrasound applications are diverse, spanning cardiology, orthopedics, and obstetrics, among other fields. By 2024, the cardiology segment is expected to dominate the market due to the rising prevalence of heart diseases in pets. Aging pets, especially small dog breeds, are particularly prone to conditions such as Myxomatous Mitral Valve Disease (MMVD), which has driven the demand for advanced diagnostic tools.

The veterinary ultrasound market is also segmented by end users, with veterinary hospitals expected to account for the largest share by 2024. These hospitals provide advanced diagnostic and surgical services, making them critical players in the veterinary ultrasound market. The rising prevalence of zoonotic diseases and increased visits to hospitals are key factors contributing to this segment's growth.

Regionally, the report covers key markets, including North America, Europe, and Asia-Pacific. North America is anticipated to dominate the market by 2024, owing to factors such as high pet ownership rates, rising healthcare spending on livestock, and increased awareness of zoonotic infections. The region’s strong demand for high-quality veterinary care further supports market expansion.

In summary, the veterinary ultrasound market is on a strong growth trajectory, driven by advancements in technology, increasing pet ownership, and rising demand for livestock-derived food products. Companies in the veterinary diagnostics sector are expected to focus on expanding their presence in emerging markets while continuing to innovate in their product offerings.

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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