Meticulous Research® has published an insightful 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." The report offers a deep dive into the factors shaping the veterinary ultrasound market's trajectory.

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According to the latest report, the veterinary ultrasound market is expected to grow to $520.11 million by 2030, at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. The growth in the market is primarily driven by increasing pet adoption rates, rising incidences of zoonotic diseases, and advancements in ultrasound technology. Additionally, growing animal health expenditures and increasing pet insurance coverage in developed nations are propelling the market forward.

Emerging markets are playing a key role in the growth of the veterinary ultrasound market. Traditionally, developed nations like the U.S. and parts of Europe have led the market, but manufacturers are increasingly focusing on emerging economies, particularly in Asia-Pacific. These regions are witnessing a rise in demand for livestock-derived food products, driven by increasing livestock populations and favorable government initiatives.

As livestock farming grows, particularly in response to rising global meat consumption, diagnostic tools like ultrasound are becoming essential. The FAO predicts a 14% increase in global meat protein consumption by 2030, underscoring the need for improved livestock health management. This trend is creating new opportunities for veterinary ultrasound providers in emerging markets.

The veterinary ultrasound market can be broken down by animal type, scanner portability, technology, and application. For animal types, the market is divided into small and large animals, with small animals projected to dominate by 2024. The growing popularity of pets and rising pet healthcare spending are the main drivers of this segment's growth.

In terms of scanner portability, cart-based ultrasound systems are expected to hold the largest market share in 2024. Their wide availability and adoption in hospitals and veterinary clinics make them a preferred choice among healthcare professionals. Furthermore, innovations in these devices are improving their functionality and ease of use.

The 2D ultrasound technology segment is projected to maintain the largest market share through 2024. This technology remains the most widely used diagnostic tool in veterinary practices due to its familiarity, real-time imaging capabilities, and ease of use. It continues to be the standard for veterinary diagnostic procedures.
Applications for veterinary ultrasound systems include cardiology, orthopedics, obstetrics, and gynecology.
Among these, the cardiology segment is expected to hold the largest share by 2024. Rising incidences of cardiac conditions in older and obese pets, particularly in small breeds, are driving demand for diagnostic tools in this area.

The market is also segmented by end users, including hospitals and veterinary clinics. By 2024, veterinary hospitals are expected to account for the largest share of the market. This is due to the comprehensive range of services these facilities offer, including advanced diagnostic and surgical procedures. The increasing number of hospital visits for pet care is also contributing to this trend.

Geographically, the report highlights key markets such as North America, Europe, and Asia-Pacific. North America is expected to continue dominating the market due to high pet ownership rates, rising demand for livestock care, and heightened awareness of zoonotic diseases. This region’s growing focus on advanced veterinary care further supports market growth.

In summary, the global veterinary ultrasound market is on an upward trajectory, driven by factors like rising pet ownership, advancements in technology, and emerging market opportunities. With ongoing developments in diagnostic tools and growing demand for animal care, the market is set for continued expansion in the coming years.

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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