Ultrasound market in veterinary care to grow by 7.0% CAGR

by Katie Pfaff

The global market for veterinary ultrasound is expected to increase to $456 million over the next 5 years, according to a report by analysts, MarketandMarkets. The ultrasound space was valued at $301 million in 2021, indicating a growth rate of 7.0% CAGR in the forecast period from 2021 to 2026.

The report data includes 2-,3-, and 4-D, and doppler ultrasound devices as well as organ system, user of ultrasound system, and portability. The market segment is expected to grow as more pets are adopted, technology continues to improve, pet owners increasingly opt for insurance and thereby elect for higher costs diagnostics or treatments.

Within the market, veterinary clinics are forecast to grab the highest growth rate (GACR) as the prevalence of clinics increases internationally, and as clinics adopt more technology and services. By geography, North America is expected to capture the largest share after achieving that distinction in 2020 due to high animal adoption rates and pending.

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Ultrasound market in veterinary care to grow by 7.0% CAGR

by Katie Pfaff

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