The global Ultrasound Devices Market is set to witness a higher CAGR for the forecast period. Medical ultrasound represents images showing part of the body that are called as tomographic images. It collects information about biological medium without any modification. Ultrasound is thus a sound higher above 20Hz to 20kHz. For propagation, it needs a medium, by which it can propagate by means of deformation of medium. A medium is made of small spheres connected with springs.

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Commercially, the use of ultrasonography in medical practice has been on constant evolution in the last few decades and continues to evolve as technological advances are fused with daily medical practice. The drivers for ultrasound device market entail rise in birth rate and in-vitro fertilization treatment coupled with rise in demand for sonography devices. Additionally, the market registers a rapid rise in number of new cases diagnosed with breast cancer. Presence of health agencies and government institutions are possibly to stimulate the global market scenario.

Ultrasound devices market is segmented as non-woven and knitted woven, based on raw material. Application segment for ultrasound device industry involves healthcare & hygiene, implantable good and non-implantable goods. Geographical segmentation for ultrasound device market comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global scenario due to the presence of a robust healthcare infrastructure and inclination towards home healthcare and rise in customer pool. APAC market is highly competitive due to the presence of large players. Untapped potential and lucrative opportunities in emerging economies reveal some excellent growth scenarios in the APAC sector.

The key players in the ultrasound devices industry include Toshiba Medical Systems Corporation, Philips Healthcare, Siemens Healthcare, Hitachi Medical Corporation, Samsung Medison, Mindray Medical International Limited, Analogic Corporation, GE Healthcare, Philips Healthcare and SonaCareMedical.

Market Segment:

Ultrasound device market by product, 2014 - 2024 (USD Million)
    • Diagnostic Ultrasound Devices
        • 2D
        • 3D/4D
        • Doppler
    • Therapeutic Ultrasound Devices
    • High Intensity Focused Ultrasound (HIFU)
    • Extracorporeal Shockwave Lithotripsy (ESWL)

Ultrasound device market by Portability type, 2014 - 2024 (USD Million)
    • Handheld Ultrasound Devices
    • Cart/Trolley Based Ultrasound Devices

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[183 Pages Report] The global veterinary ultrasound market size is projected to reach USD 448 million by 2025 from USD 338 million in 2020, at a CAGR of 5.8%.

Factors such as growth in the companion animal population, rising demand for pet insurance, increasing number of veterinary practitioners in developed economies, technological advancements are driving the growth of this market during the forecast period. However, high cost of instruments and procedures is restraining the growth of Animal Ultrasound Market to some extent.

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The 2D ultrasound segment dominates the veterinary ultrasound industry, by type of ultrasound scanners

Based on the type of scanners, the 2D segment accounted for the largest share of the veterinary ultrasound market in 2019. The large share of this segment can primarily be attributed to the widespread popularity of these type of scanners in disease diagnosis as well as in pregnancy detection.

By product, the cart-based segment accounted for the largest share of the market in 2019

Based on product, the Animal Ultrasound Market is segmented into cart-based and portable ultrasound scanners. In 2019, the cart-based segment accounted for the largest portion of the market due to its ease of use and is extensively used in hospitals, clinics and diagnostic centers.

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North America will continue to dominate the Animal Ultrasound Market during the forecast period

The Animal Ultrasound 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.

Key Market Players:

The key players operating in the global Veterinary Ultrasound Market are 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), DRAMIÑSKI S.A. (Poland), Shantou Institute of Ultrasonic Instruments Co., Ltd. (SIUI), Clarius Mobile Health (US) and SonoScape Medical Corporation  (China)

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