Kenneth Research published a report titled “Veterinary Ultrasound Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global veterinary ultrasound market in terms of market segmentation by product, type, end-use, animal type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global veterinary ultrasound market is estimated to grow at a CAGR of ~6% over the forecast period, i.e., 2022-2031. The market is segmented by type into 2-D, 3-D, and other ultrasound imaging, out of which, the 2-D segment is anticipated to hold the largest share by the end of 2031 in the global veterinary ultrasound market. This can be attributed to the lower cost of ultrasound imaging, and a rise in the adoption of 2-D ultrasound among veterinary clinics, and hospitals.
There has been surge in the disposable income of the population, so they are willing to spend more on their pets, which is expected to surge the growth of the global veterinary ultrasound market. Moreover, an increase in the population of animals is further anticipated to drive the growth of the global veterinary ultrasound market.
Geographically, the global veterinary ultrasound market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of them, the market in the Asia Pacific region is estimated to witness modest growth by the end of 2031. This can be attributed to an increase in the disposable income of the population that makes them willing to spend on the pets, growth in the population of animals and a rise in the pets’ healthcare expenditure.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in the Percentage of Pet Insurance to Drive the Growth of the Market
As per the Insurance Information Institute, the percentage of pet insured raised by 28% in 2021 from the previous year.
There has been a rise in the percentage of pet insurance to keep the proper care of their health. Furthermore, nowadays, they have become a member of the family and people are willing to spend more on their pet’s care and products. Therefore, it is anticipated to increase the growth of the global veterinary ultrasound market.
However, the lack of proper healthcare system for the animals and high cost for the veterinary ultrasound are expected to operate as key restraint to the growth of global veterinary ultrasound market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global veterinary ultrasound market which includes company profiling of Clarius Mobile Health Corp., General Electric Company, Heska Corporation, ESAOTE SPA, Shenzhen Tico Technology Co., Ltd., Siemens Healthcare GmbH, Mindray, Samsung Medison Co., Ltd., Shantou Institute of Ultrasonic Instruments Co., Ltd., IMV Imaging, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global veterinary ultrasound market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Request Report Sample@ https://www.kennethresearch.com/sample-request-10078501
Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: sales@kennethresearch.com
U.S. Phone: +1 313 462 0609
