Veterinary Endoscopy Market Size And Forecast

Veterinary Endoscopy Market size was valued at USD 175.83 Million in 2020 and is projected to reach USD 291.13 Million by 2028, growing at a CAGR of 6.51% from 2021 to 2028.

The market is driven to grow due to an increase in the prevalence of gastrointestinal illnesses such as diarrhea, coccidiosis, melena, indigestion, and bowel blockage. The Global Veterinary Endoscopy Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Veterinary Endoscopy Market Definition

A veterinary endoscopy device is an equipment that is used to look inside an animal’s body. Endoscopes are often flexible, ingestible, rigid, and robot-assisted. Veterinary endoscopes are used to aid in illness identification, symptom analysis, and internal body navigation, all with the goal of improving disease treatment accuracy. Bronchoscopy, tracheoscopy, otoscopy, esophagoscopy, and thoracoscopy are the most common applications for these endoscopes. They were originally developed to treat people, but they are now widely utilized in veterinary medicine to minimize pain, recovery times, and problems in dogs.

Instead of using a rigid endoscope, esophagogastroduodenoscopy (EGD) and colonoscopies are conducted with a flexible endoscope. Upper and lower GI endoscopy are the most popular flexible endoscopic procedures used in both specialist and general clinics for direct evaluation and biopsy of specified sections of the GI tract. The endoscopist can operate more comfortably and share information during a surgery when the endoscopic picture is presented on a video monitor. Veterinary endoscopes and video endoscopy systems are expected to gain traction in the coming years as a result of associated features such as real-time image projection on a digital screen and application in difficult procedures.

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Evaluation of the upper respiratory tract in situations of suspected irregular breathing or nasal discharge is a common procedure performed with video endoscopy. Video endoscopes are also used to examine the urethra and bladder, as well as to see the sinuses in the head-up close. Advanced Monitors Corporation’s Tele-View USB Video Endoscopes/Gastroscopes are endoscopes that may be utilized as ‘plug and play’ devices. These are compatible with Windows PCs, laptops, tablets, and Android phones and tablets. The endoscopes are designed for gastroscopy, Bronchoscopy, and duodenoscopy in small animals and horses.

Global Veterinary Endoscopy Market Overview

The market is anticipated to expand due to the rising prevalence of gastrointestinal illnesses Infections with gastrointestinal parasites are a major problem in both companion and livestock animals, causing swelling, discomfort, diarrhea, and death. such as diarrhea, coccidiosis, melena, indigestion, and bowel blockage. The Global Veterinary Endoscopy Market will benefit from increased pet owner knowledge of animal health, as well as the availability of various veterinary hospitals and clinics.

The availability of pet insurance, as well as its benefits and advantageous reimbursement rules, will propel the Global Veterinary Endoscopy Market forward. Video endoscopy systems are expected to gain traction among veterinary endoscopes in the next years, owing to associated benefits such as real-time image display on a digital screen and application in difficult operations. However, the high price of veterinary endoscopy and the scarcity of veterinarians in developing countries may hamper market expansion.

Endoscopes are commonly utilized in the medical field, particularly by animals suffering from digestive disorders, respiratory problems, and other ailments. To examine the medical condition, a doctor must use an endoscope to perform an endoscopic procedure. However, especially in emerging economies, the exorbitant cost of these procedures remains a serious concern. As a result, the expensive cost of endoscopic equipment is a key hindrance to their adoption.

Global Veterinary Endoscopy Market: Segmentation Analysis

The Global Veterinary Endoscopy Market is segmented on the basis of Product Type, Animal Type, End-User, And Geography.

Veterinary Endoscopy Market, By Product Type

• Flexible Endoscopy
• Rigid Endoscopy
• Others

Based on Product Type, The market is segmented into Flexible Endoscopy, Rigid Endoscopy, and Others. With a large revenue share, the Rigid Endoscopy segment dominated the market, while the others endoscopy segment is expected to develop at the fastest rate. Rigid Endoscopy is often used to inspect the nasal passages, female urinary and reproductive tracts, according to South Carolina Veterinary Specialists & Emergency Care, while flexible scopes are commonly used to examine the stomach and intestines. Rigid Endoscopy are also useful for evaluating and biopsying the liver, pericardium, and other abdominal and thoracic organs.

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Veterinary Endoscopy Market, By Animal Type

• Companion Animals
• Large Animals
• Other Animals

Based on Animal Type, The market is segmented into Companion Animals, Large Animals, and Other Animals. The Companion Animals segment is expected to hold the highest revenue share. The rising use of veterinary endoscopy for the diagnosis of gastrointestinal diseases in Companion Animals, increasing awareness of animal health among pet owners, rising pet healthcare expenditure, and the growing Companion Animals population worldwide are all factors contributing to the large share.

Veterinary Endoscopy Market, By End-User

• Veterinary Hospitals & Academic Institutes
• Research Institutes

Based on End-User, The market is segmented into Veterinary Hospitals & Academic Institutes and Research Institutes. The Veterinary Hospitals & Academic Institutes segment is expected to hold the largest share of the Veterinary Endoscopy Market. Most endoscopy procedures are performed in hospital-based settings which is an important key factor driving the growth of this segment. Veterinary endoscopes are used in a range of diagnostic procedures, including biopsies of the liver or kidneys during laparoscopy and diagnostic sampling during otoscopy. Weight loss, persistent vomiting, and chronic diarrhea are all evaluated using a variety of diagnostic methods. In the coming years, this is projected to propel market expansion.

Veterinary Endoscopy Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Veterinary Endoscopy Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America had the highest revenue share. Because of the rising prevalence of animal diseases, the humanization of pets, and widespread pet insurance coverage, the Veterinary Endoscopy Society (VES) was founded in 2003 in the United States to develop the field of veterinary endoscopy and promote diagnosis, research, management, and advances in the profession. The VES also funds research projects that have been shown to have a direct impact on the advancement of veterinary endoscopy, hence contributing to market growth.

Key Players

The “Global Veterinary Endoscopy Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Biovision Veterinary Endoscopy, Dr. Fritz, Eickemeyer, Endoscopy Support Services, Fujifilm, Welch Allyn, KARL STORZ, Olympus, B. Braun, STERIS.

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