Product Code: 14425
Global Veterinary Ultrasound Market was valued at USD 531.29 million in 2024 and is expected to reach USD 814.29 million by 2030 with a CAGR of 7.38% during the forecast period. The global market for Veterinary Ultrasound is experiencing significant growth, driven by the growing prevalence of various pet related diseases like cancer. Additionally, the growing number of veterinary clinics and hospitals across the region and rising uptake of pet care and insurance domain have significantly increased the demand for veterinary ultrasound across different parts of the globe. Besides, increasing disposable income and growing government schemes, combined with various other initiatives across countries for animal healthcare, are expected to support the veterinary ultrasound market during the forecast period. Furthermore, the growing prevalence of cardiovascular disorders, along with the rapidly increasing pet population, is further expected to increase the demand for veterinary ultrasound procedures, thereby supporting the market growth.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 531.29 Million |
Market Size 2030 | USD 814.29 Million |
CAGR 2025-2030 | 7.38% |
Fastest Growing Segment | 3D/4D Ultrasound |
Largest Market | North America |
Key Market Drivers
Rising Companion Animal Ownership and Healthcare Expenditure
The global increase in companion animal ownership is a significant driver for the veterinary ultrasound market. In the United States, for instance, pet ownership has risen from 56% in 1988 to 66% in 2024, equating to approximately 86.9 million households. This surge is not limited to the U.S.; countries like Germany report that 47% of households own pets, with 15% having multiple pets.
This growing pet population has led to increased spending on animal healthcare. In the U.S., pet insurance premiums reached nearly $3.2 billion, with 4.8 million pets insured by the end of 2022, marking a 22% increase from the previous year. Such financial commitment underscores the willingness of pet owners to invest in advanced diagnostic tools like veterinary ultrasound, which offers non-invasive and accurate assessments of various health conditions.
Moreover, governments are recognizing the importance of animal health. For example, the European Union has implemented regulations to ensure animal welfare, indirectly promoting the adoption of advanced veterinary diagnostic tools. These combined factors contribute to the robust growth of the veterinary ultrasound market.
Key Market Challenges
High Costs of Equipment and Procedures
The high cost of veterinary ultrasound equipment and associated procedures poses a significant barrier to market growth. Advanced ultrasound machines can range from $10,000 to over $50,000, making them a substantial investment for veterinary clinics, especially smaller or rural practices.
Additionally, the cost of ultrasound procedures can be prohibitive for pet owners. Abdominal ultrasounds, for example, can cost between $250 and $500, with specialized services potentially exceeding this range. These expenses may deter pet owners from opting for ultrasound diagnostics, particularly in regions without comprehensive pet insurance coverage.
To address this challenge, some governments and organizations are exploring subsidies or financial assistance programs to make veterinary diagnostics more accessible. However, widespread implementation of such initiatives remains limited, and cost continues to be a significant hurdle for the adoption of veterinary ultrasound technologies.
Key Market Trends
Integration of Artificial Intelligence in Veterinary Ultrasound
The integration of Artificial Intelligence (AI) into veterinary ultrasound is an emerging trend that promises to enhance diagnostic accuracy and efficiency. AI algorithms can assist in image analysis, identifying patterns and anomalies that may be challenging for the human eye to detect. This technology aids in early disease detection and improves treatment outcomes. Research initiatives are exploring the application of AI in veterinary ultrasound. For example, studies have demonstrated the potential of AI models in automating point-of-care ultrasound predictions, achieving high accuracy rates in detecting intra-abdominal and intrathoracic injuries in animals. The adoption of AI in veterinary diagnostics is supported by government-funded research and development programs aimed at advancing animal healthcare technologies. These initiatives facilitate the integration of AI into veterinary practices, enhancing the capabilities of ultrasound diagnostics and contributing to market growth.
Key Market Players
- Siemens Healthineers AG
- Esaote SpA
- GE Healthcare
- Shimadzu Corporation
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- FUJIFILM Holdings Corporation
- SonoScape Medical Corp
- Samsung Electronics Co., Ltd.
- Diagnostic Imaging Systems, Inc.
- IMV Imaging
Report Scope:
In this report, the Global Veterinary Ultrasound Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Veterinary Ultrasound Market, By Type:
- 2D Ultrasound
- Doppler Ultrasound
- 3D/4D Ultrasound
Veterinary Ultrasound Market, By Mobility:
Veterinary Ultrasound Market, By Technology:
- Digital Imaging
- Contrast Imaging
Veterinary Ultrasound Market, By Animal Type:
- Companion Animals
- Livestock Animals
Veterinary Ultrasound Market, By Application:
- Obstetrics & Gynecology
- Cardiology
- Orthopedics
- Others
Veterinary Ultrasound Market, By End User:
- Veterinary Hospitals & Clinics
- Academic & Research Institutes
- Others
Veterinary Ultrasound Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Veterinary Ultrasound Market.
Available Customizations:
Global Veterinary Ultrasound Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Veterinary Ultrasound Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (2D Ultrasound, Doppler Ultrasound, 3D/4D Ultrasound)
- 5.2.2. By Mobility (Stationary, Portable)
- 5.2.3. By Technology (Digital Imaging, Contrast Imaging)
- 5.2.4. By Animal Type (Companion Animals, Livestock Animals)
- 5.2.5. By Application (Obstetrics & Gynecology, Cardiology, Orthopedics, Others)
- 5.2.6. By End User (Veterinary Hospitals & Clinics, Academic & Research Institutes, Others)
- 5.2.7. By Region
- 5.2.8. By Company (2024)
- 5.3. Market Map
- 5.3.1. By Type
- 5.3.2. By Mobility
- 5.3.3. By Technology
- 5.3.4. By Animal Type
- 5.3.5. By Application
- 5.3.6. By End User
- 5.3.7. By Region
6. North America Veterinary Ultrasound Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Mobility
- 6.2.3. By Technology
- 6.2.4. By Animal Type
- 6.2.5. By Application
- 6.2.6. By End User
- 6.2.7. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Veterinary Ultrasound Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Mobility
- 6.3.1.2.3. By Technology
- 6.3.1.2.4. By Animal Type
- 6.3.1.2.5. By Application
- 6.3.1.2.6. By End User
- 6.3.2. Mexico Veterinary Ultrasound Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Mobility
- 6.3.2.2.3. By Technology
- 6.3.2.2.4. By Animal Type
- 6.3.2.2.5. By Application
- 6.3.2.2.6. By End User
- 6.3.3. Canada Veterinary Ultrasound Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Mobility
- 6.3.3.2.3. By Technology
- 6.3.3.2.4. By Animal Type
- 6.3.3.2.5. By Application
- 6.3.3.2.6. By End User
7. Europe Veterinary Ultrasound Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Mobility
- 7.2.3. By Technology
- 7.2.4. By Animal Type
- 7.2.5. By Application
- 7.2.6. By End User
- 7.2.7. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. France Veterinary Ultrasound Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Mobility
- 7.3.1.2.3. By Technology
- 7.3.1.2.4. By Animal Type
- 7.3.1.2.5. By Application
- 7.3.1.2.6. By End User
- 7.3.2. Germany Veterinary Ultrasound Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Mobility
- 7.3.2.2.3. By Technology
- 7.3.2.2.4. By Animal Type
- 7.3.2.2.5. By Application
- 7.3.2.2.6. By End User
- 7.3.3. United Kingdom Veterinary Ultrasound Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Mobility
- 7.3.3.2.3. By Technology
- 7.3.3.2.4. By Animal Type
- 7.3.3.2.5. By Application
- 7.3.3.2.6. By End User
- 7.3.4. Italy Veterinary Ultrasound Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Mobility
- 7.3.4.2.3. By Technology
- 7.3.4.2.4. By Animal Type
- 7.3.4.2.5. By Application
- 7.3.4.2.6. By End User
- 7.3.5. Spain Veterinary Ultrasound Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Mobility
- 7.3.5.2.3. By Technology
- 7.3.5.2.4. By Animal Type
- 7.3.5.2.5. By Application
- 7.3.5.2.6. By End User
8. Asia-Pacific Veterinary Ultrasound Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Mobility
- 8.2.3. By Technology
- 8.2.4. By Animal Type
- 8.2.5. By Application
- 8.2.6. By End User
- 8.2.7. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Veterinary Ultrasound Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Mobility
- 8.3.1.2.3. By Technology
- 8.3.1.2.4. By Animal Type
- 8.3.1.2.5. By Application
- 8.3.1.2.6. By End User
- 8.3.2. India Veterinary Ultrasound Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Mobility
- 8.3.2.2.3. By Technology
- 8.3.2.2.4. By Animal Type
- 8.3.2.2.5. By Application
- 8.3.2.2.6. By End User
- 8.3.3. South Korea Veterinary Ultrasound Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Mobility
- 8.3.3.2.3. By Technology
- 8.3.3.2.4. By Animal Type
- 8.3.3.2.5. By Application
- 8.3.3.2.6. By End User
- 8.3.4. Japan Veterinary Ultrasound Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Mobility
- 8.3.4.2.3. By Technology
- 8.3.4.2.4. By Animal Type
- 8.3.4.2.5. By Application
- 8.3.4.2.6. By End User
- 8.3.5. Australia Veterinary Ultrasound Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Mobility
- 8.3.5.2.3. By Technology
- 8.3.5.2.4. By Animal Type
- 8.3.5.2.5. By Application
- 8.3.5.2.6. By End User
9. South America Veterinary Ultrasound Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Mobility
- 9.2.3. By Technology
- 9.2.4. By Animal Type
- 9.2.5. By Application
- 9.2.6. By End User
- 9.2.7. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Veterinary Ultrasound Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Mobility
- 9.3.1.2.3. By Technology
- 9.3.1.2.4. By Animal Type
- 9.3.1.2.5. By Application
- 9.3.1.2.6. By End User
- 9.3.2. Argentina Veterinary Ultrasound Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Mobility
- 9.3.2.2.3. By Technology
- 9.3.2.2.4. By Animal Type
- 9.3.2.2.5. By Application
- 9.3.2.2.6. By End User
- 9.3.3. Colombia Veterinary Ultrasound Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Mobility
- 9.3.3.2.3. By Technology
- 9.3.3.2.4. By Animal Type
- 9.3.3.2.5. By Application
- 9.3.3.2.6. By End User
10. Middle East and Africa Veterinary Ultrasound Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Mobility
- 10.2.3. By Technology
- 10.2.4. By Animal Type
- 10.2.5. By Application
- 10.2.6. By End User
- 10.2.7. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. South Africa Veterinary Ultrasound Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Mobility
- 10.3.1.2.3. By Technology
- 10.3.1.2.4. By Animal Type
- 10.3.1.2.5. By Application
- 10.3.1.2.6. By End User
- 10.3.2. Saudi Arabia Veterinary Ultrasound Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Mobility
- 10.3.2.2.3. By Technology
- 10.3.2.2.4. By Animal Type
- 10.3.2.2.5. By Application
- 10.3.2.2.6. By End User
- 10.3.3. UAE Veterinary Ultrasound Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Mobility
- 10.3.3.2.3. By Technology
- 10.3.3.2.4. By Animal Type
- 10.3.3.2.5. By Application
- 10.3.3.2.6. By End User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Recent Developments
- 12.2. Mergers & Acquisitions
- 12.3. Product Launches
13. Global Veterinary Ultrasound Market: SWOT Analysis
14. Porters Five Forces Analysis
- 2.1. Competition in the Industry
- 2.2. Potential of New Entrants
- 2.3. Power of Suppliers
- 2.4. Power of Customers
- 2.5. Threat of Substitute Products/Services
15. Competitive Landscape
- 15.1. Siemens Healthineers AG
- 15.1.1. Business Overview
- 15.1.2. Company Snapshot
- 15.1.3. Products & Services
- 15.1.4. Financials (As Reported)
- 15.1.5. Recent Developments
- 15.1.6. Key Personnel Details
- 15.1.7. SWOT Analysis
- 15.2. Esaote SpA
- 15.3. GE Healthcare
- 15.4. Shimadzu Corporation
- 15.5. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- 15.6. FUJIFILM Holdings Corporation
- 15.7. SonoScape Medical Corp
- 15.8. Samsung Electronics Co., Ltd.
- 15.9. Diagnostic Imaging Systems, Inc.
- 15.10. IMV Imaging
16. Strategic Recommendations
17. About Us & Disclaimer