Regional Analysis

Veterinary Ultrasound Market Regional Insights

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Regional Analysis: Veterinary Ultrasound Market

Dominating Region: North America

North America is expected to dominate the veterinary ultrasound industry with the highest market share of 43.1% in 2024 which is attributed to factors such as significant presence of key players, high pet care expenditure, and favorable government initiatives that promote animal health and welfare.

Fastest-Growing Region: Asia Pacific

Asia Pacific region exhibits the fastest growth with 24.2% of the market share in 2024 in the veterinary ultrasound industry backed by increasing pet adoption, rising awareness about pet health, and growing veterinary infrastructure across developing nations.

Veterinary Ultrasound Market Outlook for Key Countries

Growing pet ownership in the U.S.

The U.S. veterinary ultrasound market growth is driven by growing pet population and high per capita animal healthcare spending. According to American Pet Products Association statistics released in April 2023, over the past three decades, pet ownership in the U.S. has experienced a notable surge. As of 2023, approximately 66% of households (equivalent to 86.9 million homes) were pet owners, compared to 56% in 1988, as indicated by pet ownership statistics. Pets hold a crucial role in their owners' lives, providing companionship and emotional support. According to American Veterinary Medical Association, remarkably, 85% of dog owners and 76% of cat owners consider their pets to be integral members of their families.

Well-established veterinary services in Germany

Germany veterinary ultrasound market benefits from well-established veterinary services and high pet care standards. Leading companies like Esaote focus on product customization and digital connectivity solutions tailored for the Europe veterinary ultrasound market, enhancing diagnostic capabilities and ensuring that veterinarians can provide optimal care for animals through advanced imaging technologies.

Increasing pet ownership in Japan

Increasing pet ownership in Japan boosts the demand for veterinary ultrasound which drives the market growth. For instance, in January 2021, according to a survey conducted by the Japan Pet Food Association, there have been 15% increase in dog and cat ownership in 2020, as compared to 2018 in Japan. There were 8.49 million dogs and 8.64 million cats as pets in Japan, in October 2020.

Increasing pert awareness in India

Increased awareness regarding pet health and wellness is driving demand for advanced diagnostic tools like veterinary ultrasound in India. Pet owners are prioritizing early disease detection, leading to a greater reliance on sophisticated imaging technologies to ensure their pets receive timely and effective medical care.