Veterinary Ultrasound Scanner Market

Veterinary Ultrasound Scanners Market: Portable/Hand Held Scanners Most Attractive Product Type: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2018-08-16
  • REP-GB-3356
  • 247 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Veterinary Ultrasound Scanner Market

This study offers a comprehensive, 360 degree analysis on the Veterinary Ultrasound Scanner market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Veterinary Ultrasound Scanner market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The veterinary ultrasound scanner is an imaging device that uses high-frequency ultrasound waves to create images of the inside of the animal body. It is designed for various veterinary examination applications such as pregnancy scan, distal limb exams, abdominal, musculoskeletal, and cardiology in animals. The veterinary ultrasound scanners help to diagnose the problems with soft tissues, muscles, blood vessels, tendons, and joints. There are different types of veterinary ultrasound scanners available in the market based on technology and application type.

Veterinary ultrasound scanners are available for all types of species and animals, e.g., companions, equine, bovine, small animals, farm animal, ovine, porcine, ruminants, swine, feline, etc. In this report, the veterinary ultrasound scanners market is segmented by product type, imaging technology, and end users. The report analyses the demand from veterinary hospitals, veterinary clinics, animal breeding and farms. By product type, the veterinary ultrasound scanners market is segmented into portable/handheld ultrasound scanner and cart-based ultrasound scanner. The study covers the revenue generated by the products mentioned. The portable/handheld veterinary ultrasound scanner is lightweight and mobile, it can be carried around the field and operated with the help of a battery. The cart-based veterinary ultrasound scanner requires a cart, which allows easy maneuvering and mobility throughout the facility.

In terms of revenue, the global veterinary ultrasound scanners market is projected to expand at 4.2% CAGR over the forecast period of 2018–2028, and is expected to be valued at US$ 239.6 Mn by 2028 end.

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Geographically, the global veterinary ultrasound scanners market is segmented into eight major regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (Asia-Pacific excluding China & Japan), Japan, China and the Middle East & Africa (MEA). In terms of value, North America dominated the global veterinary ultrasound scanners market in 2017 and is expected to expand at a CAGR of 3.5% over the forecast period of 2018–2028. China and Asia Pacific are expected to be the fast-growing markets, in terms of revenue, in the global veterinary ultrasound scanners market, registering CAGRs of 12.1% and 6.5%, respectively, over 2018–2028.

In North America, the U.S. is the dominant market for veterinary ultrasound scanners due to increased consumer spending on pets. Over the past few decades, it has been noted that the U.S. vet care spending has almost doubled owing to increase in awareness regarding the diseases in animals and accessibility of treatment and diagnostic methods for various chronic diseases. Increasing vet care spending is expected to directly impact the need for better pet screening and treatment, which in turn is expected to create high growth opportunities for the players operating in the veterinary ultrasound scanners market over the forecast period. As per the American Pet Products Association, about US$ 69.5 Bn was spent on pet healthcare in 2017 in the U.S. Increasing acceptance of pet insurance policies by pet owners in the U.S.  to provide proper health care services to their pets is the other factor expected to boost the growth of the U.S. veterinary ultrasound scanners market over the forecast period. According to the 2017-2018 APPA National Pet Owners Survey Debut, nearly 9 million dogs and over 4.5 million cats are insured in the U.S.

By country, the second dominant market in the veterinary ultrasound scanners market is Germany owing to the rise in the prevalence of zoonotic diseases and increasing safety concerns for animals and humans. Food-related safety concerns with increasing meat consumption and dairy products is expected to fuel the demand for veterinary ultrasound scanners in the country. Additionally, increasing expenditure on vet care in European countries, such as Germany, France, the U.K., and Italy, is also expected to boost the growth of the market for veterinary ultrasound scanners. The European government has funded US$ 1.48 billion between 2009 and 2014 under the European Animal Health Strategy Programs. These fundings for reducing the burden of zoonotic diseases are expected to spur the demand for veterinary ultrasound scanners over the forecast period.

Increased funding and support by the World Organization for Animal Health (OIE), Centre for Disease Prevention and Control, Food and Agriculture Organization for animal disease eradication programs are expected to drive the growth of the veterinary ultrasound scanners market in Asia Pacific and Middle East and Africa.

FMD control programs conducted in India and China are expected to boost the growth of the veterinary ultrasound scanners market with improvement of vet healthcare. Increasing number of veterians and availability of cost-effective veterinary ultrasound scanners is expected to boost the demand for veterinary ultrasound scanners in China. Increasing adoption of portable and multiplication veterinary ultrasound scanners for farm and livestock animal diagnosis is expected to spur the growth of the Japan veterinary ultrasound scanners market.

Moreover, the growing adoption rate of pets from shelters and rescue homes and the One Health Zoonotic Disease Prioritization Workshops to control and prevent infectious diseases are also expected to fuel the growth of the global veterinary ultrasound scanners market over the forecast period. The growing adoption of veterinary ultrasound scanners by cattle breeders for prenatal diagnosis is expected to create growth opportunities for the players operating in the global veterinary ultrasound scanners market.

Future Market Insights (FMI) offers a 10-year forecast on the global veterinary ultrasound scanners market. The primary objective of the report is to offer updates and information related to market opportunities in the veterinary ultrasound scanners market.

Report Description

In terms of revenue, the global veterinary ultrasound scanners market is expected to register a CAGR of 4.2% during the forecast period, 2018–2028. The primary objective of the report is to offer insights on the market dynamics that can influence the growth of the global veterinary ultrasound scanners market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global veterinary ultrasound scanners market are presented in the report.

The global market for veterinary ultrasound scanners is expected to witness high growth in terms of value in high economic countries due to increasing pet adoption and vet expenditure. Additionally, the development of advanced veterinary ultrasound scanners, such as wireless veterinary, portable, and high resolution ultrasound scanners, is expected to create enormous growth opportunities for the participants operating in the veterinary ultrasound scanners market. Increasing food safety concern, high consumption of livestock products, increasing screening of wild and pet animals are the factors consequently expected to boost the demand for veterinary ultrasound scanners over the forecast period.

The report includes veterinary ultrasound scanners such as portable/handheld ultrasound scanner and cart-based ultrasound scanner. The portable/handheld ultrasound scanners are mostly adopted due to ease in handling and portability.

In terms of revenue, the veterinary ultrasound scanners market in China is expected to grow at a relatively high CAGR over the forecast period due to increasing pet population and availability of cost-effective veterinary ultrasound scanners. To understand and assess the opportunities in this market, the report offers the market forecast on the basis of segments classified into product type, imaging technology, end users and regions. The report provides analysis of the global veterinary ultrasound scanners market in terms of market value (US$ Mn).

The global veterinary ultrasound scanners market is segmented on the basis of product type into:

  • Portable/Hand Held Ultrasound Scanner

  • Cart Based Ultrasound Scanner

The report begins with the market definition, followed by definitions of the different product types. The market dynamics section includes FMI’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global veterinary ultrasound scanners market.

The report analyses the market on the basis of the imaging technology and end user and presents forecast in terms of value for the next 10 years. On the basis of imaging technology, the global veterinary ultrasound scanners market is segmented into:

  • Digital Imaging Technology

  • Analog Imaging Technology

  • Contrast Imaging Technology

On the basis of the end users, the global veterinary ultrasound scanners market is segmented into:

  • Veterinary Hospitals

  • Veterinary Clinics

  • Animal Breeding and Farms

Next, the report analyses the market on the basis of regions and presents the forecast in terms of value for the next 10 years. On the basis of region, the global veterinary ultrasound scanners market is segmented into:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe

    • Germany

    • France

    • U.K.

    • Italy

    • Spain

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Rest of Eastern Europe

  • Asia Pacific Excluding China & Japan

    • India

    • Australia & New Zealand

    • ASEAN

    • Rest of APEJ

  • Japan

  • China

  • Middle East & Africa (MEA)

    • GCC Countries

    • South Africa

    • Rest of MEA

In addition, we have considered the Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify the growth opportunities for the companies operating in the global veterinary ultrasound scanners market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by the veterinary ultrasound scanners market. To understand the key segments in terms of their growth and performance in the global veterinary ultrasound scanners market, Future Market Insights has developed a market attractiveness index. The resulting index will help identify the existing market opportunities.

In the final section of the report, the ‘competitive landscape’ has been included to provide a dashboard view of the key companies operating in the global veterinary ultrasound scanners market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the veterinary ultrasound scanners market. However, this section also includes market strategies and SWOT analysis of the key players operating in the global veterinary ultrasound scanners market.

Detailed profiles of veterinary ultrasound scanners manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies. Examples of some of the key players operating in the veterinary ultrasound scanners market are Siemens AG, Mindray Medical International Limited, Hitachi, Ltd., Fujifilm Holdings Corporation, General Electric Company, Canon Inc., Samsung Electronics Co., Ltd., Esaote SpA, DRAMI?SKI S. A. and IMV Technologies SA.

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