Global Veterinary Ultrasound Market to Reach US$520.1 Million by 2030

The global market for Veterinary Ultrasound estimated at US$329.9 Million in the year 2023, is expected to reach US$520.1 Million by 2030, growing at a CAGR of 6.7% over the analysis period 2023-2030. 2D Ultrasound, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$231.8 Million by the end of the analysis period. Growth in the 3D / 4D Ultrasound segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$120.7 Million While China is Forecast to Grow at 8.5% CAGR

The Veterinary Ultrasound market in the U.S. is estimated at US$120.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$54.3 Million by the year 2030 trailing a CAGR of 8.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.4% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.

Global Veterinary Ultrasound Market - Key Trends & Drivers Summarized

Veterinary ultrasound technology has revolutionized animal healthcare by providing a non-invasive, real-time diagnostic tool that helps veterinarians diagnose and monitor various medical conditions in animals. This technology uses high-frequency sound waves to create images of the internal structures of animals, allowing for the detailed examination of organs, tissues, and blood flow. Veterinary ultrasound is used in a wide range of applications, including pregnancy detection, abdominal examinations, cardiac assessments, and the diagnosis of soft tissue conditions. Its non-invasive nature minimizes stress and discomfort for animals, making it an invaluable tool in veterinary practice for both large and small animals.

The advancement of veterinary ultrasound technology has seen significant improvements in image quality, portability, and ease of use. Modern ultrasound machines are equipped with advanced imaging capabilities such as Doppler ultrasound, which enables the assessment of blood flow and cardiac function. Additionally, the development of portable ultrasound devices has greatly enhanced the accessibility of this technology, allowing veterinarians to perform diagnostic procedures in various settings, including clinics, farms, and even in-field environments. This portability is particularly beneficial for large animal and equine veterinarians who often need to conduct examinations outside of a traditional clinical setting. The integration of digital storage and cloud-based solutions has also improved the ability to store and share diagnostic images, facilitating better collaboration and consultation among veterinary professionals.

The growth in the veterinary ultrasound market is driven by several factors, including the increasing pet ownership rates and the rising expenditure on animal healthcare. As more people consider pets as part of their family, there is a growing demand for high-quality veterinary care, which includes advanced diagnostic tools like ultrasound. Technological advancements have made ultrasound devices more affordable and user-friendly, encouraging their adoption among veterinary practices. Additionally, the expansion of livestock and equine industries, which require regular health monitoring to ensure productivity and animal welfare, is contributing to the demand for veterinary ultrasound equipment. The growing awareness and emphasis on preventive veterinary care also play a significant role, as early diagnosis and treatment of conditions can significantly improve health outcomes. Furthermore, educational initiatives and training programs are enhancing veterinarians` skills in using ultrasound technology, further driving its adoption in the veterinary field.