Overview


According to FutureWise analysis, the market for Animal or Veterinary Ultrasound is estimated to be US$ 0.36 billion in 2023 and is expected to reach US$ 0.58 billion by 2031 at a CAGR of 6.30% over the forecast period of 2023-2031.

Ultrasonography serves as the foremost imaging technique in veterinary practice, playing a crucial role in clinical diagnoses across various disorders. This method employs high-frequency ultrasound waves to generate images of internal organs and tissues. Operating at frequencies beyond human hearing (around 20,000 cycles per second or 20 kHz), ultrasound frequencies in the 2 to 10 MHz range are commonly utilized to construct images based on echo patterns from tissues and organs. 

Recent years have witnessed remarkable progress in ultrasound technology. Techniques such as duplex and colour Doppler ultrasound, high-resolution multi-hertz transducers, 3D and 4D ultrasound, Sono-endoscopic probes, and ultrasound-guided biopsies have enhanced the versatility of examinations. Contrast-enhanced ultrasonography with microbubble contrast agents and tissue harmonic imaging (THI) prove highly effective in studying organ function and hemodynamic parameters. Ultrasonography, when wielded by skilled clinicians, offers valuable diagnostic insights in conjunction with clinical signs, lab results, and other diagnostic methods. Nevertheless, performing and interpreting these examinations requires training and expertise. Ensuring diagnostic-grade images that differentiate artifacts from real structures is essential. Sociologists must possess comprehensive knowledge of ultrasound machine instrumentation and a sound grasp of anatomical organ positioning.

FutureWise Market Research has published a report that provides an insightful analysis of Animal or Veterinary Ultrasound Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts’ projects that Animal or Veterinary Ultrasound Market will experience a significant growth.

According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.

  • GE Healthcare
  • Heska Corporation
  • Siemens AG
  • FUJIFILM Holdings Corporation
  • Esaote SpA
  • Mindray Medical International, Ltd.
  • Samsung Medison Co., Ltd.
  • Diagnostic Imaging Systems Inc.
  • IMV imaging
  • Shenzhen Ricso Technology Co., Ltd.
  • DRAMIÑSKI S.A.
  • Shantou Institute of Ultrasonic Instruments Co., Ltd.
  • Clarius Mobile Health
  • SonoScape Medical Corporation
  • E.I. Medical Imaging

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent Development in Animal or Veterinary Ultrasound Market:

  • In September 2021, GE Healthcare (US) successfully finalized the acquisition of BK Medical (US), a move aimed at expanding its Ultrasound business beyond diagnostics to encompass surgical and therapeutic interventions.
  • In January 2021, Esaote SpA (Italy) also concluded an arrangement with Intalere (US), ensuring that Intalere members gained full access to Esaote North America's comprehensive imaging portfolio and services. This encompassed the MyLab ultrasound portfolio along with a dedicated MRI product line.

The Animal or Veterinary Ultrasound Market is influenced by various drivers and restraints that shape its dynamics. On the driver's side, the market is primarily driven by the increasing demand for advanced diagnostic tools in veterinary care. As pet ownership continues to rise globally and animals are increasingly considered family members, there is a growing emphasis on providing high-quality healthcare services for them. Ultrasound is a valuable tool for non-invasive imaging, aiding in diagnosing various medical conditions and guiding treatment decisions. The versatility of ultrasound technology in providing detailed images of internal structures further contributes to its adoption. Technological advancements, including Doppler ultrasound for assessing blood flow, 3D/4D imaging for enhanced visualization, and ultrasound-guided biopsies for accurate tissue sampling, have significantly expanded the diagnostic capabilities of veterinary ultrasound. Moreover, the technology's portability and ability to be used in various settings, such as clinics, mobile units, and even on-farm applications, drive its widespread usage.

However, the market faces several restraints that can impact its growth trajectory. One of the significant challenges is the high cost associated with advanced ultrasound equipment and the need for regular maintenance, which can be a barrier for smaller veterinary practices or those with limited budgets. Moreover, effectively operating and interpreting ultrasound images requires specialized training and expertise, leading to potential shortages of skilled personnel proficient in veterinary ultrasound procedures.

By Type

  • 2D Ultrasound
  • 3D/4D Ultrasound
  • Doppler Ultrasound

By Product

  • Cart-based
  • Portable/Compact

By Technology

  • Digital Imaging
  • Contrast Imaging

By Animal Type

  • Small Companion Animals
  • Large Animals
  • Other Animals

By Application

  • Obstetrics and Gynecology
  • Cardiology
  • Orthopedics
  • Other Applications

By End User

  • Veterinary Clinics
  • Veterinary Hospitals and Academic Institutes
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. In 2022, North America led the animal ultrasound market, driven by advanced veterinary hospitals, pet humanization, and increased spending on pets. The U.S. alone spent USD 123.6 billion on pets in 2021-2022, with USD 34.3 billion for vet care. Technological advancements in veterinary ultrasound, incorporation of advanced software, and robust hospital infrastructure further bolster the market. Meanwhile, the Asia Pacific region is poised to witness the fastest growth, attributed to rising pet adoption, improved healthcare facilities, investments, and growing disposable income. The flourishing pet care sector in China, India, South Korea, and Japan is expected to contribute significantly to this growth.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting the market growth

  • To provide with an exhaustive analysis on the of Animal or Veterinary Ultrasound Market By Product, By Animal Type, By Application, By Type and By Region.
  • To cater comprehensive insights on factors such as drivers, restraints, trends, opportunity, and additionally segmental and regional factors impacting market growth.
  • To evaluate current market trends and forecast micro-markets and the overall market projections which are represents in format of data-sets and ppt.
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa. 
  • To provide information on competitors which includes landscape mapping, technological advancements, R&D spending, news concerning strategic alliances, and new product launches

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Animal or Veterinary Ultrasound Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Animal or Veterinary Ultrasound Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Animal or Veterinary Ultrasound Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Animal or Veterinary Ultrasound Market, By Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. 2D Ultrasound
        2. Doppler Ultrasound
        3. 3D/4D Ultrasound

  • 8.   Animal or Veterinary Ultrasound Market, By Product Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Cart-Based
        2. Portable/Compact

  • 9.   Animal or Veterinary Ultrasound Market, By Technology Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Digital Imaging
        2. Contrast Imaging

  • 10.   Animal or Veterinary Ultrasound Market, By Animal Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Small Companion Animals
        2. Large Animals
        3. Other Animals

  • 11.   Animal or Veterinary Ultrasound Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Obstetrics and Gynecology
        2. Cardiology
        3. Orthopedics
        4. Other Applications

  • 12.   Animal or Veterinary Ultrasound Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Veterinary Clinics
        2. Veterinary Hospitals and Academic Institutes
        3. Others

  • 13.   North America Animal or Veterinary Ultrasound Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 14.   Latin America Animal or Veterinary Ultrasound Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 15.   Europe Animal or Veterinary Ultrasound Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 16.   Asia Pacific Animal or Veterinary Ultrasound Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 17.   Middle East and Africa Animal or Veterinary Ultrasound Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 18.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 19.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. GE Healthcare
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Heska Corporation
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Siemens AG
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. FUJIFILM Holdings Corporation
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Esaote SpA
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Mindray Medical International, Ltd.
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Samsung Medison Co., Ltd.
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Diagnostic Imaging Systems Inc.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. IMV imaging
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Shenzhen Ricso Technology Co., Ltd.
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. DRAMIÑSKI S.A.
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Shantou Institute of Ultrasonic Instruments Co., Ltd.
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. Clarius Mobile Health
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14. SonoScape Medical Corporation
         14.1. Company Overview
         14.2. Product Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview
        15. E.I. Medical Imaging
         15.1. Company Overview
         15.2. Product Portfolio
         15.3. SWOT Analysis
         15.4. Financial Overview
         15.5. Strategic Overview

  • 20.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 21.   FutureWise SME Key Takeaway Points for Client

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