Veterinary Ultrasound Scanner Market Poised for Striking Growth, anticipating a Surge to US$ 284.8 Million by 2033, Fueled by Technological Advancements and Global Market Dynamics. Increasing considerations for the animal security and well being coupled with the rise in client spending on pets are resulting in a spurt development within the demand for veterinary ultrasound scanners
NEWARK, Del, Nov. 14, 2023 (GLOBE NEWSWIRE) — The world veterinary ultrasound scanner market is on the point of a considerable valuation, projected to achieve US$ 198.1 million by 2023. The pattern is predicted to open doorways to new alternatives throughout the market, with a projected CAGR of 3.7% from 2023 to 2033.
By 2033, the market is poised to soar to an estimated complete valuation of round US$ 284.8 million. The development is primarily pushed by the burgeoning curiosity and insights surrounding the veterinary ultrasound scanner market.
The veterinary ultrasound market is important in guaranteeing the well-being of livestock and companion animals, offering important diagnostics for well being standing affirmation, illness administration, and being pregnant prognosis.
The market development is fueled by elevated animal adoption, a surge in zoonotic illnesses, technological developments in ultrasound units, rising animal well being expenditure, pet insurance coverage adoption in developed nations, and supportive authorities initiatives. However, a notable hindrance to development is the shortage of expert professionals within the area.
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The upswing in worldwide journey and animal transportation has contributed to a better incidence of zoonotic instances—illnesses transmitted between people and animals. Zoonosis poses extreme threats, prompting the Centers for Disease Control and Prevention (CDC) to watch and report such instances actively. Key zoonotic pathogens embrace anthrax, brucellosis, Chagas illness, Type A influenza, Ebola hemorrhagic fever, Rift Valley fever, and extreme acute respiratory syndrome (SARS).
Vector-borne zoonosis, mixed with direct and oblique human-animal contact, amplifies the danger of contracting these illnesses, fostering the adoption of veterinary ultrasound scanners.
The surge in world per capita meat and dairy consumption locations a highlight on animal breeders, emphasizing the necessity for constant monitoring to make sure high-quality livestock merchandise. Routine checks and monitoring, facilitated by veterinary ultrasound scanners, have gotten paramount, contributing to the strong development of the worldwide veterinary ultrasound scanner market in the course of the forecast interval.
Key Takeaways from the Market Study
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The market valuation in 2022 was US$ 189.9 million.
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Based on product kind, transportable/handheld ultrasound scanners are anticipated to dominate at a market share of 86.5% in 2023.
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Based on imaging know-how, digital imaging know-how will register at a market share of 93.7% in 2023.
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The veterinary ultrasound scanner market dimension expanded at 4.6% CAGR between 2018 and 2022.
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India is estimated to increase at a CAGR of 5.5% by 2033.
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Germany experiences a major rise, with a CAGR of two.2% by 2033.
“Technological advancements have largely influenced the veterinary care market and also affected the veterinary ultrasound scanner demand is thus considered one of the major drivers of the veterinary ultrasound scanner market,” feedback Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Competitive Landscape
The veterinary ultrasound scanner business boasts a considerable array of market members. Research and improvement play a pivotal function amongst these gamers, primarily specializing in introducing eco-friendly product traces as a core side of their manufacturing endeavors. Furthermore, they make use of numerous growth methods, together with collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence.
Some of the important thing developments are-
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Butterfly Network Inc., a trailblazing digital well being agency acknowledged for its modern product strategy, not too long ago unveiled its latest veterinary ultrasound machine. The iQ+ Vet ultrasound introduces a cutting-edge steering device and {hardware} enhancements, promising sharper imaging for improved diagnostics.
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Lacuna Diagnostics Inc., a pioneering telemedicine and point-of-care diagnostics firm, entered right into a complete acquisition settlement with Heska Corporation.
Key Companies Profiled
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Siemens AG
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Mindray Medical International Limited
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Hitachi Ltd.
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Fujifilm Holdings Corporation
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General Electric Company
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Canon Inc.
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Samsung Electronics Co. Ltd.
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Esaote SpA
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DRAMI?SKI S. A.
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IMV Technologies SA
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Key Segments of Veterinary Ultrasound Scanners Industry Survey
By Product Type:
By Imaging Technology:
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Digital Imaging Technology
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Analog Imaging Technology
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Contrast Imaging Technology
By End User:
By Region:
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North America
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Latin America
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Western Europe
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Eastern Europe
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South Asia and Pacific
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East Asia
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The Middle East & Africa
More Valuable Insights Available
Future Market Insights provides an unbiased evaluation of the worldwide veterinary ultrasound scanner market, offering historic knowledge for 2018 to 2022 and forecast statistics from 2023 to 2033.
To perceive alternatives within the veterinary ultrasound scanner market is segmented based mostly on vital Product Type (Portable/Hand Held Ultrasound Scanners, Cart Based Ultrasound Scanners), Imaging Technology (Digital Imaging Technology, Analog Imaging Technology, Contrast Imaging Technology), End User (Veterinary Hospitals, Veterinary Clinics, Animal Breeding and Farms) and by area (North America, Latin America, Eastern Europe, Western Europe, the Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa)
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About the Healthcare Division at Future Market Insights
The healthcare group at Future Market Insights provides professional evaluation, time-efficient analysis, and strategic suggestions to offer genuine insights and correct outcomes to assist shoppers worldwide. With a repertoire of over 100+ studies and 1 million+ knowledge factors, the group has been analyzing the business lucidly in 50+ international locations for over a decade. The group supplies a quick evaluation of key traits together with aggressive panorama, revenue margin, and analysis improvement efforts.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of expertise within the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him form his profession as a researcher.
Identifying key challenges confronted by shoppers and devising strong, hypothesis-based options to empower them with strategic decision-making capabilities come naturally to him. His main experience lies in areas akin to Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a level in Microbiology, Sabyasachi has authored quite a few publications and has been cited in journals, together with The Journal of mHealth, ITN Online, and Spinal Surgery News.
Explore FMI’s associated ongoing Coverage within the Healthcare Market Insights Domain:
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR licensed, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) provides profound insights into the driving components which are boosting demand available in the market. FMI stands because the main world supplier of market intelligence, advisory providers, consulting, and occasions for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With an unlimited group of over 5,000 analysts worldwide, FMI supplies world, regional, and native experience on various domains and business traits throughout greater than 110 international locations.
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