Latest News- Veterinary Ultrasound Market: 2 dimension is expected to lead the Type segment during 2024-2028

The Veterinary Ultrasound Market is being driven by Increasing popularity of minimally invasive procedures

The Veterinary Ultrasound Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 88.7 million. In the realm of veterinary care, preventive healthcare is experiencing significant growth due to its increasing popularity among pet owners worldwide. This approach prioritizes routine examinations for companion animals, focusing on vaccinations, nutrition, dental care, infection prophylaxis, and risk factor assessments. As awareness of animal diseases expands, pet owners are increasingly adhering to recommended vaccination schedules and becoming more vigilant about their pets' health. This heightened awareness contributes to earlier disease detection, leading to improved clinical outcomes. Furthermore, the surge in pet insurance adoption offers opportunities for enhanced treatment and care for these cherished animals. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • 2 dimension
  • 3 dimension
  • doppler
• Technology
  • Digital
  • Contrast
• Animal Type
  • Small
  • Large
• Application
  • Obstetrics
  • Cardiology
  • Orthopedic
• End-User
  • Clinics
  • Hospitals
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing popularity of minimally invasive procedures
• Increasing prevalence of urological diseases
• New product approvals and better medical reimbursement policies

However, the market also witnesses some limitations, which are as follows:

• Shortage of trained professionals
• High cost of veterinary ultrasounds and procedures
• Low animal health awareness in developing countries

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Market Scope in Veterinary Ultrasound Market Research Report

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Research Analysis Overview

The Veterinary Ultrasound Market encompasses the use of animal ultrasound technology in veterinary hospitals and clinics for companion animals and large animals. Veterinary practitioners utilize this advanced diagnostic tool for disease identification in various veterinary specializations. IMV imaging, Celtic SMR, and various handheld scanners like C3 Microconvex Vet, C3 Convex Vet, and L7 Linear Vet are popular brands. Pet insurance aids in the affordability of veterinary care, benefiting from digital imaging technology such as magnetic resonance imaging. The pet population growth fuels the demand for portable, compact ultrasound scanners for small companion animals and cart-based systems for large animals.

Market Research Overview

The Veterinary Ultrasound Market is a significant segment of the global Healthcare Equipment Market, encompassing veterinary hospitals and clinics that utilize advanced Animal Ultrasound Technology. This sector contributes to the market's growth, driven by increasing pet ownership, rising demand for non-invasive diagnostic procedures, and the integration of Pet Insurance coverage for veterinary care. Technavio, a leading global technology research and consulting firm, calculates the size of the Healthcare Equipment Market based on the combined revenue generated by manufacturers of various diagnostic equipment and devices. The market includes Devices, such as advanced, differentiated, and clinically tested ultrasound systems, used for the diagnosis, monitoring, and treatment of various animal health conditions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/