The Animal Ultrasound Market revenues were estimated at US$ 219.3 Mn in 2021 and is anticipated to grow at a CAGR of 14.1% from 2022-2032, according to a recently published Persistence Market Research report. By the end of 2032, the market is expected to reach US$ 903.4 Mn.
Market growth is expected to be fueled by the growing demand for Small Companion Animals due to expanding pet adoption and higher spending on their well-being and health, the business is expected to grow. Furthermore, the market is predicted to grow as the number of dogs and cats diagnosed with cancer and cardiac disorders rises, among other things.
Veterinary practitioners and improvements in the industry also look forward to driving the growth of the animal veterinary ultrasound market over the coming years.
Some of the recent developments in Animal Ultrasound market are as follows:
- In June 2019, Fujifilm Sonosite and Partners Healthcare, a US-based enterpriser, partnered to improve the design of ultrasound projects using artificial intelligence.
- In September 2019, BMV Veterinary Imaging, one of the most well-known vendors, unveiled the BestScan® S10, a new ultrasonic brand scanner.
- In November 2019, the most popular SonoMaxx™ launched its new product MX Vet, which uses chip technology to scan animals ranging from companions to huge and exotic animals using a single probe.
- In August 2020, IDEXX Laboratories, Inc. announced the release of ImageVue DR30 Digital Imaging System, thus expanding its imaging offering.
Some of the key players in the animal ultrasound market are IDEXX, Carestream Health; Fujifilm Sonosite, Inc.; Hallmarq Veterinary Imaging; BMV Animal Care, Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; and Heska Corp.
