(PharmaNewsWire.Com, April 13, 2020 ) The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.
At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Veterinary Ultrasound Market. We are working diligently to help companies take rapid decisions by studying:
The impact of COVID-19 on the Veterinary Ultrasound Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
The rapid shifts in the strategies of the Top 50 companies in the Veterinary Ultrasound Market
The shifting short-term priorities of the top 50 companies’ clients and their client's clients
You can request an in-depth analysis detailing the impact of COVID-19 on the Veterinary Ultrasound Market:
According to the recent report “Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Technology, Product (Portable, Cart-based), Animal (Small Companion, Large), Application (Obstetrics, Orthopedics, Cardiology), End User, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Veterinary Ultrasound Market size is projected to grow from USD 448 million by 2025 from USD 338 million in 2020, at a CAGR of 5.8% from 2020 to 2025.
Browse in-depth TOC on “Veterinary Ultrasound Market”
Growth in the companion animal population, rising demand for pet insurance, increasing number of veterinary practitioners in developed economies and technological advancements are driving the growth of this market during the forecast period
The 2D ultrasound segment dominates the animal/veterinary ultrasound industry, by type of ultrasound scanners
Based on the type of scanners, the 2D segment accounted for the largest share of the animal/veterinary ultrasound market in 2019. The large share of this segment can primarily be attributed to the widespread popularity of this type in disease diagnosis as well as in pregnancy detection.
By animal, the small companion animals segment accounted for the largest market share in 2019
Based on animal, the animal/veterinary ultrasound market is segmented into small companion animals, large animals, and other animals. The companion animals segment accounted for the largest market share in 2019. This segment is also projected to register the highest CAGR during the forecast period. The growth in this segment can be attributed to the growing adoption of companion animals and growing willingness of companion animal owners to spend more on animal health.
North America will continue to dominate the market during the forecast period
The market, by region, is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the animal/veterinary ultrasound industry in 2019. The growth of the North American market is attributed to the increasing adoption of companion animals, the growing pet insurance industry, rising veterinary healthcare expenditure, and the growing number of veterinary practices. In addition, a majority of players in the animal/veterinary ultrasound industry are based in the US.
At a global level, companies such as GE Healthcare (US), Heska Corporation (US), Siemens AG (Germany), FUJIFILM Holdings Corporation (Japan), Esaote SpA (Italy), Mindray Medical International, Ltd. (China), Samsung Medison Co., Ltd.( Korea), Diagnostic Imaging Systems Inc. (US), IMV imaging (Scotland), Shenzhen Ricso Technology Co., Ltd. (China), DRAMIŃSKI S.A. (Poland), Shantou Institute of Ultrasonic Instruments Co., Ltd. (SIUI), Clarius Mobile Health (US) and SonoScape Medical Corporation (China)
Browse Adjacent Markets: Veterinary Software Market Research Reports & Consulting
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