Thailand Veterinary Ultrasound Market (2026-2031)
The Thailand Veterinary Ultrasound Market was valued at $2.16 Million in 2026 and projected to reach to $3.19 Million by 2031, representing a compound annual growth rate of 8.1%. Thailand's veterinary ultrasound market is poised for sustained expansion through 2031, driven by urbanization, increasing disposable incomes, and heightened awareness of pet healthcare quality.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Thailand Veterinary Ultrasound Market Trends and Insights
- This expansion reflects Thailand's increasing investment in animal healthcare infrastructure and rising pet ownership across urban centers.
- Thailand's market growth rate of 8.1% CAGR outpaces global trends, driven by growing demand for advanced diagnostic tools in veterinary clinics and animal hospitals throughout the country. The veterinary ultrasound sector in Thailand is benefiting from improved accessibility to diagnostic equipment and heightened awareness among pet owners regarding preventive animal care.
- Between 2026 and 2031, Thailand is expected to see accelerated adoption of ultrasound technology in both companion animal and livestock sectors.
- Thailand's strategic position in Southeast Asia, combined with rising disposable incomes and modernization of veterinary practices, positions the market for sustained expansion during the forecast period..
Key Market Statistics
- CAGR (2026-2031) 8.1% CAGR
- Market Size, 2026 ~USD 2.16 Million
- Forecast, 2031 ~USD 3.19 Million
- Country Thailand
Thailand Veterinary Ultrasound Market Overview
Market Valuation Growth :
Thailand's veterinary ultrasound market is valued at USD 2.16 million in 2026, with projections reaching USD 3.19 million by 2031, representing a strong 8.1% CAGR that exceeds global growth rates.
Urban Pet Ownership Surge :
Rising pet ownership in Bangkok and other Thai urban centers is driving demand for advanced diagnostic veterinary equipment, creating new opportunities for ultrasound technology adoption in private and clinic settings.
Healthcare Infrastructure Investment :
Thailand's increasing investment in animal healthcare infrastructure reflects government and private sector commitment to improving veterinary services, supporting market expansion and modernization of diagnostic capabilities.
Outpacing Global Trends :
With an 8.1% CAGR compared to the global market's 7.6%, Thailand demonstrates accelerated growth momentum, positioning it as a high-potential market for veterinary ultrasound manufacturers and service providers.
Thailand Veterinary Ultrasound Market Dynamics
- The country's growing middle class in metropolitan areas is fueling demand for advanced diagnostic services, encouraging veterinary clinics to invest in modern ultrasound equipment.
- Government initiatives supporting animal welfare and veterinary education further strengthen market fundamentals. The forecast period will likely see increased competition among equipment suppliers and service providers entering the Thai market.
- Rising adoption of ultrasound technology in both companion animal and livestock sectors, combined with improving healthcare accessibility in secondary cities, will broaden the customer base.
- Strategic partnerships between international manufacturers and local veterinary institutions are expected to accelerate market penetration and drive innovation in Thailand's veterinary diagnostic landscape..
Related Ecosystem
Animal Health
- Polymerase Chain Reaction (PCR) Tests
- Porcine
- Immunodiagnostics
- Lateral Flow Assays
- Microarrays
- Zoetis Inc.
- Patterson Companies, Inc.
- Virbac
- Elanco Animal Health Incorporated
- BOEHRINGER INGELHEIM GMBH
Medical Devices
- Polymerase Chain Reaction (PCR)
- Magnetic Resonance Imaging (MRI)
- Disposable Autoinjectors
- Pulse Oximeters
- Blood Pressure Monitors
- Medtronic plc
- Abbott Laboratories
- Stryker Corporation
- Becton, Dickinson and Company
- CONMED Corporation
Key Takeaways
- Thailand's veterinary ultrasound market is valued at USD 2.16 million in 2026 and will reach USD 3.19 million by 2031.
- Thailand demonstrates an 8.1% CAGR, outperforming the global average of 7.6% during the forecast period.
- Thailand's market growth is driven by rising pet ownership, modernized veterinary infrastructure, and increased diagnostic equipment adoption.
- Thailand's strategic Southeast Asian location and growing disposable incomes support sustained market expansion through 2031.
Veterinary Ultrasound Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2026 |
| Fastest Growing Segment | ORTHOPEDICS (Application) |
| Forecast Period | 2026–2031 |
| Growth Rate | CAGR of 7.6% from 2026 to 2031 |
| Largest Segment | DIGITAL IMAGING (Technology) |
| Market Size Base Year (Billions) | ~USD 0.47 (2026) |
| Revenue Forecast (Billions) | ~USD 0.68 (2031) |
| Segments Covered | Type, Technology, Animal Type, Application, End User, Product, Equipment Type |
Thailand Veterinary Ultrasound Market Report Segmentation
7 segment dimensions are covered across the global market.
By Type
- 2D
- 3D/4D
- Bovine
- Cart-Based
- Cat
- Cats
- Dog
- Dogs
- Doppler
- Equine
- Other Large Animals
- Other Small Companion Animals
- Portable
- Swine
By Technology
- Contrast Imaging
- Digital Imaging
By Animal Type
- Large Animals
- Large Farm Animals
- Other Animals
- Small Companion Animals
By Application
- Cardiology
- Obstetrics/Gynecology
- Orthopedics
- Other Applications
By End User
- Other End Users
- Veterinary Academic Institutes
- Veterinary Clinics
- Veterinary Hospitals
By Product
- Accessories & Consumables
- Equipment
- Software
By Equipment Type
- Cart-Based
- Portable
THAILAND: VETERINARY ULTRASOUND MARKET, BY END USER, 2024–2031
| Segment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | CAGR (%) |
|---|---|---|---|---|---|---|---|---|---|
| OTHER END USERS | 0.19 | 0.2 | 0.22 | 0.23 | 0.25 | 0.27 | 0.29 | 0.32 | 8 |
| VETERINARY ACADEMIC INSTITUTES | 0.34 | 0.36 | 0.38 | 0.41 | 0.44 | 0.48 | 0.51 | 0.55 | 7.6 |
| VETERINARY CLINICS | 1.76 | 1.84 | 1.99 | 2.14 | 2.32 | 2.51 | 2.71 | 2.94 | 8.2 |
| VETERINARY HOSPITALS | 1.08 | 1.14 | 1.23 | 1.33 | 1.45 | 1.57 | 1.71 | 1.86 | 8.6 |
| TOTAL | 3.37 | 3.54 | 3.81 | 4.12 | 4.46 | 4.83 | 5.23 | 5.67 | 8.3 |
Target Audience
- Veterinary Equipment Manufacturers : Manufacturers seeking to expand into Southeast Asia need Thailand-specific market data to assess demand, identify distribution channels, and develop localized product strategies for the growing Thai veterinary sector.
- Private Equity & Investment Firms : Investors evaluating opportunities in emerging healthcare markets require detailed Thailand market analysis to assess growth potential, competitive dynamics, and ROI projections for veterinary diagnostic ventures.
- Veterinary Clinic Operators : Thai veterinary clinic owners and operators need market insights to justify equipment investments, benchmark against peers, and understand growth trends supporting business expansion and service upgrades.
- Healthcare Consultants & Advisors : Consultants advising healthcare clients in Thailand require country-specific market data to develop strategic recommendations, identify market gaps, and guide investment decisions in veterinary diagnostics.
- Government & Policy Bodies : Thai government agencies and animal welfare organizations use market research to inform healthcare policy, infrastructure planning, and initiatives supporting veterinary service quality and accessibility.
Key Companies in the Thailand Veterinary Ultrasound Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| GE HEALTHCARE | United States | Public Company | Imaging,Advanced Visualization Solutions (AVS),Patient Care Solutions (PCS), |
| ESAOTE S.P.A. | Italy | Private Company | Ultrasound diagnostic imaging systems,Magnetic resonance imaging systems,Healthcare IT software applications, |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD. | China | Public Company | Patient monitoring & life support (monitoring, ventilators, defibrillation, AED),Ultrasound & medical imaging (ultrasound, radiology, endoscope camera systems),Anesthesia, OR infrastructure & surgical solutions, |
| SAMSUNG ELECTRONICS CO. LTD. | South Korea | Public Company | Smartphones, tablets, wearables, and accessories,Memory, foundry, and system LSI,TVs, monitors, and display panels (including SDC), |
| SIEMENS HEALTHINEERS AG | Germany | Public Company | Imaging,Diagnostics,Varian (Oncology), |
| FUJIFILM HOLDINGS CORPORATION | Japan | Public Company | Healthcare (medical devices, CDMO, pharma, regenerative, cosmetics/supplements),Business Innovation (office equipment, document services, graphic communications),Electronics (display, semiconductors, storage, industrial equipment, fine chemicals), |
| BUTTERFLY NETWORK, INC. | United States | Public Company | Butterfly iQ+ and iQ3 handheld ultrasound,Butterfly Move and specialty devices (iQ+ Bladder),Software, AI, and workflow (Compass AI, ScanLab), |
| LEPU MEDICAL TECHNOLOGY | China | Public Company | Medical Devices (cardiovascular, IVD, surgical, peripheral, blood purification, ultrasound, orthopedics),Pharmaceuticals (cardiovascular-focused plus multi-system portfolio),Medical Services and Health Management (services, AI, home appliances, aesthetics, daily chemical), |
| CHISON MEDICAL TECHNOLOGIES CO., LTD. | China | Public Company | Cart-based color ultrasound systems,Portable laptop-style ultrasound systems,Handheld ultrasound systems, |
| EDAN INSTRUMENTS, INC. | China | Public Company | ECG and Cardiology Systems,Patient Monitoring and Vital Signs,Ultrasound Systems, |
| SONOSCAPE MEDICAL CORP. | China | Public Company | Ultrasound medical imaging (trolley, portable, B/W, transducers),Endoscopic diagnosis and treatment (GI, pulmonology, EUS, duodenoscopes, processors),Minimally invasive surgery (camera systems, flexible endoscopes), |
GE HEALTHCARE
GE Healthcare is a United States-based public company founded in 2022 with 54,000 employees. The company operates in the healthcare sector.
ESAOTE S.P.A.
Esaote S.p.A. is an Italian private company founded in 1982 with 1,067 employees. The company operates in the medical device and healthcare technology sector.
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. is a Chinese public company founded in 1991 with 21,288 employees. The company manufactures medical devices and diagnostic equipment.
SAMSUNG ELECTRONICS CO. LTD.
Samsung Electronics Co. Ltd. is a South Korean public company founded in 1969 with 128,735 employees. The company is a diversified electronics manufacturer with operations across multiple industries.
SIEMENS HEALTHINEERS AG
Siemens Healthineers AG is a German public company founded in 1896 with 72,369 employees. The company is a leading provider of medical imaging, diagnostics, and healthcare IT solutions.
FUJIFILM HOLDINGS CORPORATION
Fujifilm Holdings Corporation is a Japanese public company founded in 1934 with 73,526 employees. The company operates across imaging, healthcare, and industrial technology sectors.
BUTTERFLY NETWORK, INC.
Butterfly Network, Inc. is a United States-based public company founded in 2011 with 220 employees. The company develops portable ultrasound imaging technology and digital health solutions.
LEPU MEDICAL TECHNOLOGY
Lepu Medical Technology is a Chinese public company founded in 1999 with 8,689 employees. The company manufactures medical devices and cardiovascular intervention products.
CHISON MEDICAL TECHNOLOGIES CO., LTD.
Chison Medical Technologies Co., Ltd. is a Chinese public company founded in 1996 with 467 employees. The company specializes in ultrasound imaging equipment and medical devices.
EDAN INSTRUMENTS, INC.
Edan Instruments, Inc. is a Chinese public company founded in 1995 with 2,475 employees. The company manufactures patient monitoring and diagnostic medical equipment.
SONOSCAPE MEDICAL CORP.
Sonoscape Medical Corp. is a Chinese public company founded in 2002 with 3,133 employees. The company manufactures ultrasound imaging systems and medical diagnostic equipment.
Reasons to Buy this Report
- Market-Specific Growth Data : Access precise valuation metrics and CAGR figures exclusive to Thailand's veterinary ultrasound sector, enabling accurate forecasting and investment decisions tailored to this high-growth regional market.
- Competitive Landscape Intelligence : Understand Thailand-specific market dynamics, local competitor positioning, and emerging players in the veterinary ultrasound space to inform market entry strategies and competitive differentiation.
- Urban Expansion Opportunities : Identify growth hotspots in Bangkok and other Thai urban centers where rising pet ownership and veterinary clinic expansion create targeted sales and partnership opportunities.
- Investment & Partnership Guidance : Leverage Thailand-focused insights to identify strategic investment opportunities, potential distribution partners, and veterinary institutions for technology collaboration and market penetration.
- Regulatory & Infrastructure Context : Gain understanding of Thailand's animal healthcare infrastructure development, government initiatives, and regulatory environment affecting veterinary equipment adoption and market growth trajectories.
Frequently asked questions
What is the current size of Thailand's veterinary ultrasound market?
Thailand's veterinary ultrasound market is valued at USD 2.16 million in 2026, with projections to reach USD 3.19 million by 2031.
What is the expected growth rate for Thailand's veterinary ultrasound market?
Thailand's veterinary ultrasound market is expected to grow at a CAGR of 8.1% from 2026 to 2031, exceeding the global average.
What factors are driving growth in Thailand's veterinary ultrasound market?
Thailand's market growth is driven by increased pet ownership, modernization of veterinary clinics, rising disposable incomes, and greater awareness of preventive animal healthcare.
How does Thailand's market growth compare to global trends?
Thailand's 8.1% CAGR outperforms the global veterinary ultrasound market CAGR of 7.6%, indicating stronger regional demand and adoption.
Which segments are contributing most to Thailand's veterinary ultrasound market expansion?
Thailand's market expansion is supported by both companion animal diagnostics and livestock ultrasound applications, with urban veterinary clinics leading adoption.
RESEARCH METHODOLOGY
This research study extensively utilized both primary and secondary sources. It involved analyzing various factors influencing the industry to identify segmentation types, industry trends, key players, the competitive landscape, key market dynamics, and strategies employed by key players.
Secondary Research
This research study utilized a variety of comprehensive secondary sources, including directories, databases such as Bloomberg Business, Factiva, and Dun & Bradstreet, white papers, annual reports, company house documents, investor presentations, and SEC filings from various companies. Secondary research was employed to gather information crucial for an in-depth, technical, market-oriented, and commercial analysis of the veterinary ultrasound market. This approach also helped identify key players in the industry and allowed for classification and segmentation based on emerging trends at the most detailed level. Furthermore, significant developments pertaining to both market and technological perspectives were documented. A database of primary industry leaders was created as part of this secondary research.
Primary Research
In the primary research process, we interviewed a range of sources from both the supply and demand sides to gather qualitative and quantitative information for this report. Primary sources from the supply side include project/sales/marketing/business development managers, presidents, CEOs, vice presidents, chairpersons, chief operating officers, chief strategy officers, directors, chief information officers, and chief medical information officers related to the veterinary ultrasound market. Primary sources from the demand side include general veterinary clinicians and specialists, managers of veterinary clinics and referral hospitals, R&D and product development teams, and procurement and purchasing teams within veterinary practices and hospitals.
Note 1: C-level executives include CEOs, COOs, CTOs, and VPs.
Note 2: Other designations include sales, marketing, and product managers.
Note 3: Tiers are defined based on a company’s total revenue. As of 2025: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The total size of veterinary ultrasound market was determined after data triangulation from three approaches, as mentioned below. After each approach, the weighted average of the three approaches was taken based on the level of assumptions used in each approach.
Data Triangulation
After arriving at the market size, the total market was divided into several segments and subsegments. Data triangulation and market breakdown procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
Market Definition
The veterinary ultrasound market comprises the development, manufacturing, and use of ultrasound imaging systems and related accessories designed for diagnostic and monitoring applications in animals. These systems are widely used across companion and production animals for real-time, non-invasive imaging in areas such as abdominal, cardiac, reproductive, and musculoskeletal diagnostics, supporting early disease detection, treatment planning, and preventive veterinary care.
Key Stakeholders
- Veterinary ultrasound manufacturers and distributors
- Veterinary R&D companies
- Veterinary reference laboratories
- Government associations
- Market research & consulting firms
- Venture capitalists & investors
- Veterinary hospitals & clinics
- Veterinary research & academic institutes
- Diagnostic centers
Report Objectives
- To define, describe, segment, and forecast the veterinary ultrasound market by type, product, technology, animal type, application, end user and region
- To provide detailed information about the factors influencing market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall veterinary ultrasound market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the veterinary ultrasound market in five main regions (along with their respective key countries): North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players in the veterinary ultrasound market and comprehensively analyze their core competencies and market shares
- To track and analyze competitive developments such as acquisitions, product launches, expansions, collaborations, agreements, and partnerships
Available customizations:
With the given market data, MarketsandMarkets offers customizations to meet yourcompany’s specific needs. The following customization options are available for the report:
Company Information
Geographic Analysis
-
Detailed analysis and profiling of additional market players (up to 5)
- Further breakdown of the Rest of Europe veterinary ultrasound market into Austria, Finland, Switzerland, and other countries
-
Further breakdown of the Rest of Latin America veterinary ultrasound market into Colombia, Chile, and other countries
Competitive Landscape Assessment
- Market share analysis for North America and Europe, which provides market shares of the top 3–5 key players in the veterinary ultrasound market
- Competitive leadership mapping for established players in the US
Get the Full Veterinary Ultrasound Market Report
Full forecast, segment splits, and company analysis for all Veterinary Ultrasound Market.
- Canada Veterinary Ultrasound Market
- US Veterinary Ultrasound Market
- Germany Veterinary Ultrasound Market
- UK Veterinary Ultrasound Market
- France Veterinary Ultrasound Market
- Italy Veterinary Ultrasound Market
- Spain Veterinary Ultrasound Market
- Russia Veterinary Ultrasound Market
- Sweden Veterinary Ultrasound Market
- Norway Veterinary Ultrasound Market
- Japan Veterinary Ultrasound Market
- China Veterinary Ultrasound Market
- India Veterinary Ultrasound Market
- Australia Veterinary Ultrasound Market
- South Korea Veterinary Ultrasound Market
- New Zealand Veterinary Ultrasound Market
- Brazil Veterinary Ultrasound Market
- Mexico Veterinary Ultrasound Market
- Rest Of Europe Veterinary Ultrasound Market
- Rest Of Asia Pacific Veterinary Ultrasound Market
Need a Tailored Report?
Customize this report to your needs
Get 10% FREE Customization
Customize This Report