Veterinary Endoscopy Market Size, Share and Global Trend By Product Type (Flexible Endoscopes, Rigid Endoscopes, Others), By Animal Type (Companion, Livestock), By End User (Veterinary Hospitals, Veterinary Clinics, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Veterinary Endoscopes are commonly used to investigate the internal animal body. Veterinary endoscopes play a major role in disease detection, analysis of symptoms and internal body navigation with the aim to improve accuracy in disease treatment. These endoscopes are prominently used for otoscopy, bronchoscopy, esophagoscopy, tracheoscopy, and thoracoscopy. Exponentially increasing integration of imaging technology and veterinary healthcare is enabling the development of advanced systems which are providing superior diagnostic examinations output across the globe.
Certain factors such as extensively increasing pet ownership, both, companion & livestock and increasing emphasis on pet health are expected to drive the growth of the veterinary endoscopes market by 2026. Moreover, certain benefits offered by veterinary endoscopes such as early disease detection and assistance in disease diagnosis are projected to increase the adoption of global veterinary endoscopes market during the forecast period.
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However, certain factors such as high acquisition and maintenance cost of endoscopes and reluctance of pet owners to perform endoscopy in emerging nations are anticipated to hamper the growth of the global veterinary endoscopes market by 2026.
Key Players Covered
Some of the key players operating in the global veterinary endoscopes market are FUJIFILM Holdings Corporation, ESS, Inc., Harvard Apparatus, HOYA Corporation, Infiniti Medical, Olympus Corporation, KARL STORZ, and others.
SEGMENTATION
SEGMENTATION | DETAILS |
By Product Type | · Flexible Endoscopes - Fiber Optic Endoscopes - Video Endoscopes · Rigid Endoscopes · Others |
By Animal Type | · Companion · Livestock |
By End User | · Veterinary Hospitals · Veterinary Clinics · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among the segmentation, flexible endoscopes in product type segment is expected to hold a considerable share of the global veterinary endoscopes market owing to its superiority over other types and better ergonomics.
Key Insights
- The regulatory scenario for key countries
- New product introduction
- Technological advancements in veterinary endoscopes
- Recent industry developments such as partnerships, mergers, and acquisitions
Regional Analysis
North America is projected to dominate the global veterinary endoscopes market owing to higher pet adoption, increasing awareness about pet healthcare, and improving accessibility to the veterinary endoscopy. Moreover, developing animal healthcare infrastructure is projected to boost the adoption of the veterinary endoscope, which will eventually offer the growth opportunity for the veterinary endoscopes market in North America. The Asia Pacific holds huge potential for growth of the global veterinary endoscopes market owing to a higher population of livestock. Additionally, initiatives taken by governments in emerging nations with the aim to improvise livestock health is anticipated to offer a lucrative opportunity for the growth of the veterinary endoscopes market in the Asia Pacific.
Key Industry Developments
- In June 2017, Omnivision launched world’s smallest commercial image sensor which can be utilized in various applications including veterinary endoscopy.
- In 2019, Veterinary Endoscopy Services launched an advanced version of VetVision endoscopy system. The newly lunched system uses CCD technology in order to develop quality images.
- Ongoing
- 2023
- 2019-2022
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