GE Healthcare (US) and Esaote SpA (Italy) are the Prominent Players in the Animal/Veterinary Ultrasound Market
The global animal/veterinary ultrasound market size is projected to reach a value of USD 448 million by 2025, growing at a CAGR of 5.7% during the forecast period. In 2019, GE Healthcare (US), Esaote SpA (Italy), and Mindray Medical International Ltd. (China) dominated the global animal/veterinary ultrasound industry share.
Some of the other prominent players operating in the animal/veterinary ultrasound market are 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), Diagnostic Imaging Systems Inc. (US), IMV imaging (Scotland) and Shenzhen Ricso Technology Co., Ltd. (China)
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GE Healthcare (US) dominated the global animal/veterinary ultrasound market in 2019. The company has a diversified ultrasound product portfolio. GE Healthcare’s position in the market is attributed to its active R&D activities and wide distribution footprint across the world. The company’s total R&D expenditure in 2018 was USD 4.9 billion. The company offers a wide variety of ultrasound scanners as compared to other players operating in the market.
Esaote SpA (Italy) accounted for the second-largest share of the animal/veterinary ultrasound market in 2019. Its leading position in the market can be attributed to its wide range of product offerings and strong geographical footprint. The company is an international veterinary imaging equipment manufacturer that operates in collaborations with numerous veterinary hospitals & clinics, both small and large. Esaote is a pioneer in ultrasound and MRI systems. The company offers advanced portable ultrasound imaging systems that contribute to a considerable share in the total revenue of the company.
Related Reports:
Animal/Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Technology, Product (Portable, Cart-based), Animal (Small Companion, Large), Application (Obstetrics, Orthopedics, Cardiology), End User, and Region - Global Forecast to 2025
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