Veterinary Endoscopes Market Size, Share, Forecast 2021-2027

Global Veterinary Endoscopes Market By Animal Type (Large Animals and Small Animals), By the Type (Rigid, Flexible, and Others), By Application (Diagnostic and Surgical/ interventional), By Procedure (Respiratory Endoscopy, Gastrointestinal tract Endoscopy, Urinary & genital tract Endoscopy, Abdominal Endoscopy, ENT Endoscopy, and Others (Arthroscopy)), By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027

Published Date: December-2021 | Number of Pages: 250 | Format: PDF | Report ID: KBV-16145

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COVID-19

Get in-depth analysis of the COVID-19 impact on the Veterinary Endoscopes Market

Market Report Description

The Global Veterinary Endoscopes Market size is expected to reach $248.926 million by 2027, rising at a market growth of 8% CAGR during the forecast period.

An endoscope refers to a device that consists of a flexible tube with a video camera attachment, which is embedded into the stomach or other parts of the body via the colon or mouth. In the majority of cases, endoscopy is conducted for diagnostic purposes, like sampling and visualization abnormalities.

Factors such as the increase in the pet population, high demand for minimally invasive surgeries in animals, the rising adoption rate of this device by clinics to increase revenue, constant technological developments, and rising awareness regarding animal diseases and treatment options are expected to accelerate the market growth. Among the different kinds of veterinary endoscopes, video-endoscopy systems would gain high popularity due to their advantages like real-time image display on a digital screen and application in complicated procedures.

Veterinary Endoscopes Market Size - Global Opportunities and Trends Analysis Report 2017-2027

COVID-19 Impact Analysis

The veterinary endoscopes market was negatively impacted by the outbreak of the COVID-19 pandemic due to the low demand and sales. This was due to the disruptions in the supply chain, deferred or canceled veterinary procedures, declined veterinary visits, and restrictions in movement. As per the survey by the American Veterinary Medical Association in 2000, 18% of the respondent veterinary practice owners were observing only emergency-related cases owing to the pandemic and the subsequent lockdown measures. Three-fifth of the practices was canceled owing to the global pandemic.

Market Growth Factors:

Rising demand for minimally invasive procedures for pets

In the last few years, endoscopy devices have witnessed several developments due to the product improvements and application of video imaging technology. Many key market players are introducing innovations in animal care by combining improved animal diagnosis and surgery technologies & devices. These advanced devices are helping veterinarians to practice and provide the best possible services to their pet patients.

Growing cases of gastrointestinal diseases among animals

The increase in cases of gastrointestinal parasitism infection that cause pain, oedema, and diarrhea is estimated to fuel the demand for veterinary endoscopes in the market. In addition, digestive problems are very common among the dogs along with vomiting, diarrhea, constipation, concurrent vomiting with diarrhea, and anorexia. Due to the growing prevalence of these diseases among the animals, the requirement for the medical devices like endoscopes would also surge in the upcoming years.

Marketing Restraining Factor:

Less penetration of veterinary endoscopes in developing and underdeveloped nations

The penetration of veterinary endoscopes is very low in emerging and underdeveloped nations, which is projected to hinder the growth of the overall veterinary endoscopes market over the forecast period. There is a large population of low-income level people in the underdeveloped nations, which restricts them from using such treatment procedures for their pets. It is difficult for these people to invest a huge amount in such procedures, which is hindering the growth of the overall veterinary endoscopes market.

Veterinary Endoscopes Market Share and Industry Analysis Report 2020

Animal Type

Based on Animal Type, the market is segmented into Large Animals and Small Animals. The small animals segment is likely to exhibit the highest growth rate during the forecasting period. This is attributed to the factors like a surge in pet population and spending, developments in veterinary medicine and diagnosis, and easy availability of veterinary endoscopes for different types of applications.

Type Outlook

Based on the Type, the market is segregated into Rigid, Flexible, and Others. In 2020, the rigid endoscopes segment acquired the maximum revenue share of the overall veterinary endoscopes market. According to the South Carolina Veterinary Specialists & Emergency Care, among the two primary kinds of veterinary endoscopes, rigid endoscopes are generally utilized to analyze the nasal passages, reproductive tracts, and female urinary.

Application Outlook

Based on Application, the market is bifurcated into Diagnostic and Surgical/ interventional. In 2020, the diagnostic segment procured a substantial revenue share of the market. Veterinary endoscopes are used in various diagnostic applications like liver or kidney biopsies throughout laparoscopy, diagnostic sampling throughout otoscopy.

Procedure Outlook

Based on Procedure, the market is divided into Respiratory Endoscopy, Gastrointestinal tract Endoscopy, Urinary & genital tract Endoscopy, Abdominal Endoscopy, ENT Endoscopy, and Others (Arthroscopy). In 2020, the gastrointestinal tract endoscopy garnered a substantial revenue share. Factors such as rise in diagnostic and interventional procedures conducted to secure the health of livestock and companion animals.

Veterinary Endoscopes Market Report Coverage
Report Attribute Details
Market size value in 2020 USD 134.9 Million
Market size forecast in 2027 USD 248.9 Million
Base Year 2020
Historical Period 2017 to 2019
Forecast Period 2021 to 2027
Revenue Growth Rate CAGR of 8% from 2021 to 2027
Number of Pages 250
Number of Tables 450
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling
Segments covered Animal Type, Type, Application, Procedure, Region
Country scope US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • Rising demand for minimally invasive procedures for pets
  • Growing cases of gastrointestinal diseases among animals
Restraints
  • Less penetration of veterinary endoscopes in developing and underdeveloped nations

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, North America emerged as the leading region of the overall veterinary endoscopes market. Factors such as the rise in cases of diseases in animals, broader acceptance of pet insurance, and the humanization of pets are responsible for the growth of the regional market.

Free Valuable Insights: Global Veterinary Endoscopes Market size to reach USD 248.9 Million by 2027

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include B. Braun Melsungen AG, FUJIFILM Sonosite, Inc. (Fujifilm Holdings Corporation), Olympus Corporation, Steris PLC, Hill-Rom Holdings, Inc. (Welch Allyn), Firefly Global, Advanced Monitors Corporation, Dr. Fritz Endoscopes GmbH, Eickemeyer – Medizintechnik für Tierärzte KG, and Karl Storz SE & Co. KG.

Scope of the Study

Market Segments Covered in the Report:

By Animal Type

  • Large Animals
  • Small Animals

By Type

  • Rigid
  • Flexible
  • Others

By Application

  • Diagnostic
  • Surgical/ interventional

By Procedure

  • Respiratory Endoscopy
  • Gastrointestinal tract Endoscopy
  • Urinary & genital tract Endoscopy
  • Abdominal Endoscopy
  • ENT Endoscopy
  • Others (Arthroscopy)

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • B. Braun Melsungen AG
  • FUJIFILM Sonosite, Inc. (Fujifilm Holdings Corporation)
  • Olympus Corporation
  • Steris PLC
  • Hill-Rom Holdings, Inc. (Welch Allyn)
  • Firefly Global
  • Advanced Monitors Corporation
  • Dr. Fritz Endoscopes GmbH
  • Eickemeyer – Medizintechnik für Tierärzte KG
  • Karl Storz SE & Co. KG

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Related Reports:

North America Veterinary Endoscopes Market Report 2021-2027

Europe Veterinary Endoscopes Market Report 2021-2027

Asia Pacific Veterinary Endoscopes Market Report 2021-2027

LAMEA Veterinary Endoscopes Market Report 2021-2027

FREQUENTLY ASKED QUESTIONS (FAQ):

The global veterinary endoscopes market size is expected to reach $248.926 million by 2027.

Rising demand for minimally invasive procedures for pets are driving the market in coming years, however, less penetration of veterinary endoscopes in developing and underdeveloped nations limited the growth of the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include B. Braun Melsungen AG, FUJIFILM Sonosite, Inc. (Fujifilm Holdings Corporation), Olympus Corporation, Steris PLC, Hill-Rom Holdings, Inc. (Welch Allyn), Firefly Global, Advanced Monitors Corporation, Dr. Fritz Endoscopes GmbH, Eickemeyer – Medizintechnik für Tierärzte KG, and Karl Storz SE & Co. KG.

The expected CAGR of the veterinary endoscopes market is 8% from 2021 to 2027.

The surgical/interventional segment would display the fastest growth rate over the forecasting years. This is credited to the growing number of minimally invasive surgeries in animals.

The North America market dominated the Global Veterinary Endoscopes Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $89,040.9 Thousands by 2027.

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