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 comprehensive report sheds light on the growing trends and future opportunities in the global veterinary ultrasound market.

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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. Key drivers of this growth include the rise in pet ownership, technological advancements in ultrasound devices, and the increasing incidence of zoonotic diseases. Furthermore, government initiatives and the growth of pet insurance in developed countries are contributing to the rapid market expansion.

Emerging economies, particularly in the Asia-Pacific region, are offering significant growth potential for veterinary ultrasound manufacturers. While established markets in North America and Europe continue to be strong, increasing demand for livestock-derived food products and rising pet ownership in underdeveloped regions are creating new opportunities for industry players.

The growing demand for meat and livestock products is a critical driver of market growth. According to the Food and Agriculture Organization (FAO), global meat protein consumption is expected to rise by 14% by 2030. With this growing demand, improved veterinary diagnostic tools, such as ultrasound technology, are becoming essential for effective livestock management and reproductive health.

The market is segmented based on animal type, portability, and technology. By 2024, the small animal segment, including pets, is expected to dominate the market. This growth is attributed to the increasing number of pet owners and rising healthcare spending on companion animals in developed countries.
In terms of portability, cart-based ultrasound scanners are expected to hold the largest share of the market. These scanners are commonly used in veterinary hospitals and clinics due to their advanced features, availability, and ease of use. Technological advancements have further enhanced their capabilities, making them a top choice for veterinary imaging.

Technologically, the 2D ultrasound segment is anticipated to remain the largest in the veterinary ultrasound market. These systems are widely used in veterinary practices due to their affordability and real-time imaging capabilities, making them the most common diagnostic tool for veterinarians.

Applications of veterinary ultrasound are broad, covering cardiology, orthopedics, and obstetrics, among others. By 2024, the cardiology segment is projected to capture the largest share of the market, driven by the growing prevalence of heart diseases in pets, especially as they age. Conditions like Myxomatous Mitral Valve Disease (MMVD) are particularly common in older dogs, fueling the demand for advanced ultrasound diagnostics.

Veterinary hospitals are expected to hold the largest market share by end users, driven by their role in providing comprehensive diagnostic and surgical services. The increasing prevalence of zoonotic diseases and rising animal healthcare demands contribute to this segment's dominant position in the veterinary ultrasound market.

Geographically, North America is projected to lead the veterinary ultrasound market by 2024, driven by high pet ownership rates, rising livestock expenditure, and growing awareness of zoonotic diseases. The region’s strong demand for high-quality veterinary care and services is expected to support market growth further.
In conclusion, the veterinary ultrasound market is set for steady growth over the coming years, driven by rising demand for pet healthcare and the need for advanced diagnostic solutions for livestock. The ongoing technological advancements in ultrasound systems will likely encourage further market expansion, particularly in emerging regions.
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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