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Veterinary Endoscope Market

Global Veterinary Endoscope Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

The Global Veterinary Endoscopes Market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 7% during the forecast period (2021-2027F). Endoscopy is a minimally invasive procedure that allows the examiner to look within an organ or body cavity and gain diagnostic information, which includes grossly evaluating an area of interest and obtaining tissue for histopathologic evaluation.

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The increasing pet adoption is the main factor is contributing factor in the veterinary industry. Furthermore, the increasing number of diseases in the animal is also contributing to the increasing market of the veterinary endoscope industry.  For instance, according to Vikaspedia, the total Livestock population is 535.78 million in the country showing an increase of 4.6% over Livestock Census2012, and the total Bovine population (Cattle, Buffalo, Mithun, and Yak) is 302.79 Million in 2019 which shows an increase of 1.0% over the previous census. Furthermore, the increasing efforts on animal conservation also have significance on the market for endoscopes in veterinary treatment.

Based on the type, the market is segmented into rigid, flexible, and others. The flexible endoscope is expected to witness significant market growth during the forecast period. It is mainly due to its uses for the diagnosis of different organs and diseases. Furthermore, the flexible endoscopes provide images of the internal organs such as the liver and also enable the videography of the organ. Moreover, the advancements in fiber optics are responsible for the significant growth of the flexible endoscope segment in the veterinary market.

Based on animal type, the market is segmented into livestock and companion. The livestock segment is expected to witness significant growth. The increasing cattle population and growing adoption of modern technology attribute to the market growth of the segment in the veterinary market. For instance, as per the Department Of Animal Husbandry and Dairying, in 2019, the female cattle population was 145.12 million which increased by 18.0% over 2012.

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Based on procedure, the market is segmented into respiratory endoscopy, gastrointestinal tract endoscopy, urinary & genital tract endoscopy, abdominal endoscopy, ENT endoscopy, and others. The gastrointestinal segment is anticipated to have a significant market share during the forecast period. The increasing prevalence of stomach problems is one of the main reasons driving the market of the gastrointestinal endoscopy market. For instance, as per NCBI research, digestive problems constitute the major share of the diseases that occur in dogs.

Additionally, the report provides detailed report also provides insights into the veterinary endoscopes market in the medical diagnostics market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a significant market for veterinary endoscopes due to the higher number of pet adoption in the region. According to APPA, 67% of U.S households own pets and total expenditure on pet care products was estimated at US$ 123.6 billion in 2021.

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Steris, MDS Incorporated, Firefly Global, eKuore, KARL STORZ SE & Co. KG, Advanced Monitors Corporation, Dr. Fritz Endoscopes GmbH, Zhuhai Seesheen Medical Technology Co., Ltd., Biovision Veterinary Endoscopy, LLC, and Eickemeyer. are some of the key players operating in the global veterinary endoscopes market. Several M&As along with partnerships have been undertaken by these players to develop various types of veterinary endoscopes.

Global Veterinary Endoscopes Market Segmentation

Market Insight, by Type

Market Insight, by Animal

  • Companion animals
  • Livestock animals

Market Insight, by Procedure

  • Respiratory Endoscopy
  • Gastrointestinal tract Endoscopy
  • Urinary & genital tract Endoscopy
  • Abdominal Endoscopy
  • ENT Endoscopy
  • Others

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • Steris
  • MDS Incorporated
  • Firefly Global
  • eKuore
  • Advanced Monitors Corporation
  • Dr. Fritz Endoscopes GmbH
  • Zhuhai Seesheen Medical Technology Co. Ltd.
  • Biovision Veterinary Endoscopy LLC
  • Eickemeyer

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