Rise in prevalence of various internal injuries along with other diseases, including blood in abdomen, cysts, and cancer in companion animals, such as cats, dogs, horses, as well as livestock animals, such as cattle, swine etc., along with the rise in demand for diagnosis of those diseases are expected to propel the market growth. An ultrasound machine helps the doctors in detecting tumors in certain internal areas of the body, which cannot be observed well on x-rays. In many instances, the veterinarians use ultrasound, in order to guide a needle while performing a biopsy. Ultrasound devices are widely used, owing to the fact that it is a risk-free and pain-free way to look at the internal organs of the animal body. Ultrasounds are also sometimes preferred, as it is usually quick and as it requires no special preparation, in most cases.

Any disorder associated with the generation of fluid-filled cysts can be diagnosed using ultrasound devices better than that having solid tumors, as very different echo patterns are made by ultrasound. This gives rise to the demand for diagnosis of certain animal diseases using ultrasound devices. Moreover, as per the disease prevalence data published by the Royal Veterinary College, University of London, in 2013, out of 1000 surveyed animals, it is estimated that 55 dogs suffer from traumatic injury and 39 dogs suffer from heart (cardiac) murmur. In addition to the aforementioned factor, the increase in animal adoption and technological advancements are expected to fuel the growth of the veterinary ultrasound devices market over the forecast period.

Key Market Trends

Digital Imaging Technology to Witness Healthy CAGR Over the Forecast Period

With the rising focus on animal health, technological advancements are taking place in veterinary healthcare. Digital imaging is one of the widely accepted and used technology for the sake of evaluation of overall animal health.

Due to the rising spread of infectious diseases among the pets, the demand for digital imaging has raised. Also, companies in veterinary healthcare are focusing on the development of imaging systems that can help to take intra-operative radiographs. The digital imaging technology is time-saving and a good method of diagnosing various conditions along with the overall health of animals.

Companies that are into the veterinary health business, are coming up with innovative products that are advance with the technology which is advantageous for the people. The focus has turned more towards digital imaging as this technology is yeilding more revenue to such companies. Therefore, it is suggested that this segment will have satisfactory growth over the forecast period.

North America to Dominate the Veterinary Ultrasound Devices Market

The United States is expected to dominate the veterinary ultrasound devices market, owing to the factors, such as the rising pet adoption and increasing per capita animal healthcare expenditure. In addition, the rise in the prevalence of various animal diseases and internal injuries has been identified as the primary driving factor for the market growth. Recently, dozens of studies to identify the causes and treatments of animal cancers have been sponsored and conducted by the American Kennel Club (AKC), Animal Cancer Foundation, and other foundations. For example, Purdue University’s College of Veterinary Medicine, Indiana, United States is conducting clinical trials and thus leading the way in comparative oncology research by discovering new ways to identify and cure lymphomas in canines, involving radiography as a means to diagnose cancer. The aforementioned factors are driving the growth of the veterinary ultrasound devices market in North America.

Competitive Landscape

Some of the key players in this market include Canon Inc., DRAMI?SKI SA., Esaote SpA, FUJIFILM Sonosite Inc., GE Healthcare, Samsung Medison Co. Ltd, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Siemens Healthineers, and Sonostar Technologies Co. Limited, among others. The competition among these players is intense and several companies are focusing on the expansion strategy to gain more market share from different geographies. Also, they are coming up with the novel products to gain the attraction of the customers especially in the developed nations where pet adoption is higher.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client’s requirements
  • 3 months of analyst support