Veterinary Ultrasound Market Expected to Reach $520.11 Million by 2030

Meticulous Research®, a leading market research company, has published a report titled Veterinary Ultrasound Market by Animal Type [Small, Large (Equine, Farm)], Scanner [Cart-based, Handheld], Technology (2D, 3D/4D, Doppler), Application (Orthopedic, Cardiology, Obstetric & Gynecology), End User (Clinic, Hospital) – Global Forecast to 2030.

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According to the report, the veterinary ultrasound market is expected to reach $520.11 million by 2030, growing at a CAGR of 6.1% from 2024 to 2030. Key drivers of this growth include the rising adoption of animals, increasing prevalence of zoonotic diseases, advancements in ultrasound technology, increasing animal health expenditure and pet insurance in developed nations, and favorable government initiatives. Emerging economies are also expected to present significant growth opportunities for market players.

Emerging Markets and Growth Opportunities:

While developed countries like the U.S. and several in Europe are key contributors to the veterinary ultrasound market, there is a growing focus on underpenetrated emerging economies. Countries in Asia-Pacific offer vast growth potential due to the rising incidence of foodborne and zoonotic diseases, an increasing livestock and pet population, greater demand for livestock-derived food products, and favorable government initiatives. According to the FAO, global meat protein consumption is projected to increase by 14% by 2030, and beef production is expected to reach 75 Mt by 2030. This rising demand necessitates improved reproductive strategies and better livestock health management, driving the demand for advanced diagnostics such as veterinary ultrasounds.

Market Segmentation:

The veterinary ultrasound market is segmented by animal type, portability, technology, application, end user, and geography.

• By Animal Type: In 2024, the small animals segment is projected to hold the largest share of the market, driven by increased pet ownership and rising spending on pet healthcare in developed nations. For instance, the North American Pet Health Insurance Association (NAPHIA) reported that the pet health insurance sector was valued at USD 1.99 billion in 2020, reflecting a 27.5% growth from 2019.
• By Portability: The cart-based ultrasound scanners segment is expected to dominate the market in 2024, thanks to the widespread availability of these devices and their high adoption in hospitals, clinics, and veterinary imaging centers. Technological advancements have further improved the usability of these scanners.
• By Technology: The 2D ultrasound segment is forecast to lead the market in 2024, driven by its conventional use in veterinary practices. The ease of use and ability to deliver real-time images continue to make 2D ultrasound the most commonly used technology.
• By Application: In 2024, the cardiology segment is expected to account for the largest share of the market, largely due to the increased prevalence of veterinary cardiac disorders, especially in aging and obese animals. Myxomatous Mitral Valve Disease (MMVD), the most common cardiac condition in dogs, is especially prevalent among small and elderly dogs.
• By End User: The hospitals segment is projected to lead the market in 2024, as veterinary hospitals frequently use imaging modalities, including ultrasound, for diagnosis, surgery, and treatment. The growing prevalence of zoonotic diseases and increasing hospital visits are major contributors to the segment’s dominance.

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Regional Outlook:

The report analyzes major geographic regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the veterinary ultrasound market in 2024, followed by Europe and Asia-Pacific. The large share held by North America is attributed to factors such as a rising incidence of zoonotic infections, increasing demand for high-quality veterinary care, growing pet ownership, and heightened spending on both livestock and companion animals.

Key Players: 

The key players operating in the veterinary ultrasound market are Esaote S.p.A (Italy), Sonostar Technologies Co. (China), Universal Imaging Inc. (U.S.), FUJIFILM Sonosite, Inc. (U.S.), SOUND (U.S.), Samsung Electronics Co., Ltd. (South Korea), Shenzhen Mindray Animal Medical Technology Co., LTD. (China), Siemens Medical Solutions, Inc. (U.S.), Heska Corporation (U.S.), IMV Imaging Ltd (U.K.), and DRAMIŃSKI S. A. (Poland).

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Key questions answered in the report-

• Which are the high-growth market segments in terms of animal type, portability, technology, application, end user, and geography?
• What was the historical market for veterinary ultrasound across the globe?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the veterinary ultrasound market?
• Who are the major players in the veterinary ultrasound market?
• What is the competitive landscape, and who are the market leaders in the veterinary ultrasound market?
• What are the recent developments in the veterinary ultrasound market?
• What are the different strategies adopted by the major players in the veterinary ultrasound market?
• What are the geographical trends and high-growth regions/countries?

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