Publication Month: Nov 2019 | Report Code: TIPRE00004198 | No. of Pages: 167 | Category: Medical Device | Status: Published
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.
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.
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.
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.
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.
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.
|Market Size Value in||US$ 268.82 Million in 2018|
|Market Size Value by||US$ 478.84 Million by 2027|
|Growth rate||CAGR of 6.7% from 2019-2027|
|No. of Pages||167|
|No. of Tables||89|
|No. of Charts & Figures||69|
|Historical data available||Yes|
|Segments covered||Product Type ; Application ; Procedure ; End User , and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue 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.
The List of Companies - Veterinary Endoscopes Market