The 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 this market to some extent.
The large share of this segment can primarily be attributed to the widespread popularity of these types of scanners in disease diagnosis as well as in pregnancy detection.
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.
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Key Market Players:-
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)