Veterinary Endoscopes Market 2027 By Product Type, Application, Procedure, End User, and Geography | The Insight Partners

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Veterinary Endoscopes Market to 2027 - Global Analysis and Forecasts By Product Type (Capsule Endoscopes, Flexible Endoscopes and Rigid Endoscopes); Application (Diagnostic and Surgical); Procedure (Bronchoscopy, Cystoscopy, Gastrointestinal, Laparoscopy, Otoscopy, and Other Procedures); End User (Veterinary Clinic, Veterinary Hospitals and Other End Users), and Geography

Publication Month: Nov 2019 | Report Code: TIPRE00004198 | No. of Pages: 167 | Category: Medical Device | Status: Published

The veterinary endoscopes market was valued at US$ 268.82 million in 2018 and it is projected to reach US$ 478.84 million in 2027; it is expected to grow at a CAGR of 6.7% from 2019 to 2027.

Endoscopy is a minimally invasive surgical procedure, used to visualize and operate internal organs within animal body. This procedure is performed with the help of a small flexible tube known as an endoscope. This tube is attached with a camera, enabling clear view of the organ to be diagnosed. Based upon the area to be examined, various types of scopes are available. The growth of the global veterinary endoscopes market is attributed to the increasing pet animal’s population, growing training programs for endoscopic diagnosis and rising incidences of zoonotic diseases. However, limited number of veterinary professionals is the major factor hindering the market growth.

The global veterinary endoscopes market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.

Lucrative Regions for Global Veterinary Endoscopes Market

Lucrative Regions for Global Veterinary Endoscopes Market

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Market Insights

Rising Incidences of Zoonotic Diseases to Drive Global Veterinary Endoscopes Market Growth

Zoonotic diseases are an infectious disease which is transmitted to humans through vertebrate animals. The zoonotic diseases further three major types, such as endemic zoonoses, epidemic zoonoses, and emerging and re-emerging zoonoses. Among these types of emerging and re-emerging zoonoses are emerging and showing increasing incidences in various geographic areas.

For instance, according to the World Health Organization (WHO), it is stated that nearly 61% of the human pathogens are zoonotic. Diseases such as Rift Valley fever, SARS, pandemic influenza H1N1 2009, Yellow fever, Avian Influenza (H5N1), and (H7N9), West Nile virus are zoonotic. In addition, the Middle East respiratory syndrome coronavirus (MERS- CoV), which was increased rapidly in recent years, was caused by a zoonotic pathogen.

Moreover, according to the Centers for Disease Control and Prevention, it is stated that approximately ten thousand Americans are estimated to get affected by zoonotic diseases. The major source for transmission of diseases is animals consumed, such as goat meat, beef, pork, chicken, and others. According to the CDC, it is stated that six out of ten infectious diseases in people are zoonotic diseases. Thus, owing to the rising incidences and risk of the zoonotic diseases are likely to drive the growth of veterinary endoscopes during the forecast period.

Product Type -Based Insights

In terms of product type, the global veterinary endoscopes market is segmented into capsule endoscopes, flexible endoscopes and rigid endoscopes. In 2018, the rigid endoscopes segment held largest share of the market. However, the flexible endoscopes segment is estimated to register the highest CAGR during the forecast period.

Global Veterinary Endoscopes Market, by Product Type – 2018 and 2027

Global Veterinary Endoscopes Market, by Product Type – 2018 and 2027

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Application-Based Insights

Based on application, the global veterinary endoscopes market is segmented into diagnostic and surgical. The diagnostic segment held the largest market share in 2018. However, the surgical segment is estimated to grow at the highest CAGR during the forecast period.

Procedure -Based Insights

Based on procedure, the global veterinary endoscopes market is segmented into bronchoscopy, cystoscopy, gastrointestinal, laparoscopy, otoscopy and other procedure types. The gastrointestinal segment held the largest market share in 2018. However, the laparoscopy segment is estimated to grow at the highest CAGR during the forecast period.

End User-Based Insights

In terms of end user, the global veterinary endoscopes market is segmented into veterinary clinic, veterinary hospitals, and other end users. The veterinary clinic segment held the largest share of the market in 2018. Also, the same segment is estimated to grow at the highest CAGR during the forecast period.

Strategic Insights

Report Coverage - Veterinary Endoscopes Market
Report CoverageDetails
Market Size Value inUS$ 268.82 Million in 2018
Market Size Value byUS$ 478.84 Million by 2027
Growth rateCAGR of 6.7% from 2019-2027
Forecast Period2019-2027
Base Year2019
No. of Pages167
No. of Tables89
No. of Charts & Figures69
Historical data availableYes
Segments coveredProduct Type ; Application ; Procedure ; End User , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

The global veterinary endoscopes market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

Global Veterinary Endoscopes Market – by Product Type

  • Capsule Endoscopes
  • Flexible Endoscopes
  • Rigid Endoscopes

Global Veterinary Endoscopes Market – by Application

  • Diagnostic
  • Surgical

Global Veterinary Endoscopes Market – by Procedure

  • Bronchoscopy
  • Cystoscopy
  • Gastrointestinal
  • Laparoscopy
  • Otoscopy
  • Other Procedure Types

Global Veterinary Endoscopes Market – by End- User

  • Veterinary Clinic
  • Veterinary Hospitals
  • Other End Users

Global Veterinary Endoscopes Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • Olympus Corporation
  • Biovision Veterinary Endoscopy, LLC
  • Dr. Fritz
  • FUJIFILM Holdings Corporation
  • Harvard Apparatus
  • Shanghai Aohua Photoelectricity Endoscope Co., Ltd.
  • Infiniti Medical
  • Welch Allyn

The List of Companies - Veterinary Endoscopes Market

  1. Olympus Corporation
  2. Biovision Veterinary Endoscopy, LLC
  3. Dr. Fritz
  5. FUJIFILM Holdings Corporation
  6. Harvard Apparatus
  7. Shanghai Aohua Photoelectricity Endoscope Co., Ltd.
  8. Infiniti Medical
  9. Karl Storz SE & Co. KG, and
  10. Welch Allyn (Hill Rom)
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the veterinary endoscopes market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global veterinary endoscopes market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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