Veterinary Ultrasound Machine Market size was valued at USD 350 Million in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 600 Million by 2033.
In 2022, the global veterinary ultrasound machine market was valued at approximately $305.3 million and is projected to grow at a compound annual growth rate (CAGR) of around 6% from 2023 to 2032. North America led the market, contributing approximately 40% of the total revenue, followed by Asia Pacific at 25%, Europe at 20%, and Latin America and the Middle East & Africa accounting for about 7% and 8%, respectively. The Asia Pacific region is anticipated to experience the highest growth, with a projected CAGR of 8.5% through 2028, driven by increasing pet ownership and advancements in veterinary care.In India, the veterinary ultrasound market generated a revenue of $14.7 million in 2023 and is expected to reach $24.7 million by 2030, growing at a CAGR of 7.7% from 2024 to 2030. The equipment segment held the largest revenue share of 58.5% in 2023, while the Picture Archiving and Communication System (PACS) segment is projected to register the fastest growth during the forecast period. Opportunities in the market are being driven by technological advancements, such as the development of portable and handheld ultrasound devices, and the increasing awareness of animal health, leading to higher adoption rates of diagnostic imaging in veterinary practices.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Veterinary Ultrasound Machine Market
Portable Ultrasound Machines
Cart-based Ultrasound Machines
2D Ultrasound
3D/4D Ultrasound
Doppler Ultrasound
Small Animals
Large Animals
Exotic Animals
Cardiology
Gynecology
Musculoskeletal
Abdominal
Ophthalmology
Veterinary Clinics
Veterinary Hospitals
Research Institutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Veterinary Ultrasound Machine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Veterinary Ultrasound Machine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Veterinary Ultrasound Machine Market, By Type
6. Global Veterinary Ultrasound Machine Market, By Application
7. Global Veterinary Ultrasound Machine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Veterinary Ultrasound Machine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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