The Animal/ Veterinary Ultrasound Market size was valued at USD 312.45 Mn. in 2021 and the total Animal/ Veterinary Ultrasound revenue is expected to grow at a CAGR of 7.2% from 2022 to 2029, reaching nearly USD 544.93 Mn.
Animal/ Veterinary Ultrasound Market Overview
The new Market intelligence report published by Global Animal/ Veterinary Ultrasound Market Intelligence firm, Maximize Market Research, indicates the lucrative growth of the Animal/ Veterinary Ultrasound Market in the forecast period through 2029. The Animal/ Veterinary Ultrasound Market report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the global Market with the Animal/ Veterinary Ultrasound Market size of each region and segment. The competitive analytics are also covered in detail in the report.
Market Report Scope and Research Methodology
The Market report includes an in-depth segment-wise and region-wise analysis of drivers, restraints, growth opportunities and upcoming challenges in the Animal/ Veterinary Ultrasound industry. The report helps in planning the Market strategies which are suitable and appropriately applicable according to specific countries and regions. To obtain accurate details of the Animal/ Veterinary Ultrasound industry, both primary and secondary research were employed.
The Market size for individual segments were determined through various secondary sources including industry associations, white papers, and journals. Surveys, administering questionnaires and telephonic interviews with Animal/ Veterinary Ultrasound industry specialists, Market leaders, entrepreneurs and Marketing professionals were included in the primary methods. The new entrants in Market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, Market players and followers and new entrants with an overall view of the Market.
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Animal/ Veterinary Ultrasound Market Regional Insights
The report includes a detailed explanation of all the factors, Market size, growth rate, and import and export in regions. The regions covered include :
1)North America
2) Europe
3) Asia Pacific
4) Latin America
5) the Middle East, and Africa.
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Market Segmentation
According to Animal Type, the Small Companion Animals segment dominated the Animal/ Veterinary Ultrasound market in 2021 with a market share of 62%. At the end of the projection period, the category is anticipated to continue to develop at the highest CAGR and retain its leadership. The small animals sub-segment includes animals including rabbits, cats, dogs, birds, chickens, ducks, and guinea pigs. These animals’ number and the illnesses linked to them both increase considerably every year. In addition, dogs and cats are the most common pets in Europe, according to the European Pet Food Industry Association’s (FEDIAF) annual report for 2020.
The popularity of pets and companion animals has increased globally. A significant section of the population, especially in cities, owns pets and companion animals, though the percentages vary per nation. The pet animal retail sector, together with the animal nutrition and pet equipment businesses, is expanding quickly.
Additionally, as a result of technological advancements and innovations, ultrasound systems are becoming more precise and efficient. Major players in the animal/veterinary ultrasound market are continuously advancing their technologies and introducing new, cutting-edge ultrasound devices, which will propel the growth of the animal/veterinary ultrasound market over the course of the forecast period. For instance, Butterfly Network Inc. introduced the Butterfly iQ+ Vet, their most recent handheld ultrasound scanner, in October 2021.
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Market Key Players
• Shantou Institute of Ultrasonic Instruments (SIUI) (China)
• Clarius Mobile Health (Canada)
• SonoScape Medical Corp. (China)
• E.I. Medical Imaging(US)
• BMV Technology Co., Ltd. (China)
• Edan Diagnostics, Inc. (China)
• Xuzhou Kaixin Electronic Instrument Co. Ltd. (China)
• Sound (US)
• ReproScan (US)
• Interson Corporation (US)
• Scintica Instrumentation, Inc. (Canada)
• Lepu Medical Technology (China)
• Promed Technology Co., Ltd. (China)
Key questions answered in the Automotive Relay Market are:
- What is Animal/ Veterinary Ultrasound?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Market?
- Which factors are the lucrative opportunities for the Market growth?
- How is the intervention from regulatory authority is shaping the Market?
- What growth strategies are the players considering to increase their presence in Market?
- Who held the largest Market share in Market?
- What is the Market size of the dominating region?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted Market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market-verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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