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Global Veterinary Endoscopy Market - Segmented by Product Type, Animal Type, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4622681
  • Report
  • Region: Global
  • 110 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Dr. Fritz
  • DRE Veterinary
  • Karl Storz Se & Co. Kg
  • Olympus Corporation
  • Steris
  • Veterinary Endoscopy LLC.
  • MORE
The veterinary endoscopy market is projected to register a growth rate of CAGR of 6.5% during the forecast period, 2018 to 2023. An endoscope is a device having the flexible tube with a video camera attachment which is inserted into the stomach or any other part of the body through mouth or colon. In most of the cases, endoscopy is performed for diagnostic purposes such as visualization and sampling abnormalities. However, this devices can be used for therapeutic purposes, as it is termed as interventional endoscopy. In 2015, according to the estimates of Animals & Society Institute, in the US 65% of all American households lived with a companion animal. They have also spent over USD 60 billion on pet food, toys, clothing, and travel paraphernalia in that year. Thus the rise in adoption and increase in expenditure on companion animal is one of the primary factor driving the growth of the market over the forecast period.

Increasing Prevalence of Gastrointestinal Diseases in Animals to Propel Growth of the Veterinary Endoscopy Market

Animals suffer from various types of gastrointestinal diseases such as diarrhea, coccidiosis, melena, indigestion, and bowel obstruction. The rise in prevalence of these gastrointestinal diseases is expected to boost the growth of the market over the forecast period. For instance, according to the data published by Healthy Paws, it receives more than 200,000 claims each year, out of which stomach issues and skin conditions are among the most common ailments for both cats and dogs.
Other factors driving this market are the growing animal health expenditure & improved insurance policies and shifting trend towards minimally invasive procedures.

High Cost of Veterinary Endoscopes to Limit Market Growth

The high cost of endoscopy devices makes it unaffordable for the population in developing nations and restraining the growth of the market over the forecast period. The high cost of this devices will increase the overall cost of the treatment. Furthermore, most of the users will not be able to afford the services associated with it. The veterinary endoscopes cost between USD 800 and USD 2,000 depending on the site of the treatment, animal's condition, the anesthesia used, and clinic. Video endoscope carries a higher cost but, it provides superior image quality as compared to other veterinary endoscopes in the market. Thus, the high cost of veterinary endoscopes expected to restrain the growth of the market over the forecast period.
Other factor restraining the growth of the market includes low penetration in developing and underdeveloped countries.

North America to Dominate Veterinary Endoscopes Market

North America dominates the global veterinary endoscopy market owing to the rising adoption of companion animals, increasing pet healthcare insurance, and improved veterinary healthcare infrastructure. According to the estimates of American Society for the Prevention of Cruelty to Animals (ASPCA), every year approximately 6.5 million companion animals enter in the US animal shelters nationwide. Out of those, approximately 3.2 million are cats, and 3.3 million are dogs. Europe is the second largest market followed by the Asia Pacific owing to the increasing adoption and awareness of veterinary diseases.

Key Developments in the Market
  • Oct 2017 - Olympus has launched its Unifia System, an endoscope documentation, workflow and asset management software platform that helps staff supervisors, infection prevention champions and supply chain managers to have greater visibility into the utilization, cleaning, reprocessing and storage of the flexible endoscopes in their departments.
Major Players - BIOVISION VETERINARY ENDOSCOPY, LLC., DR. FRITZ, DRE VETERINARY, EICKEMEYER VETERINARY EQUIPMENT, ENDOSCOPY SUPPORT SERVICES, LLC., FUJIFILM HOLDINGS CORPORATION, KARL STORZ SE & CO. KG, OLYMPUS CORPORATION, STERIS, INSTRUMENT MANAGEMENT SERVICES, INC., AND WELCH ALLYN, amongst others.

Reasons to Purchase the Report
  • The current and future outlook of the global surgical microscopes market in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the market estimate sheet (in Excel)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Dr. Fritz
  • DRE Veterinary
  • Karl Storz Se & Co. Kg
  • Olympus Corporation
  • Steris
  • Veterinary Endoscopy LLC.
  • MORE
1. Introduction
1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview
5.1 Current Market Scenario
5.2 Regulatory Scenario
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Consumers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitute Product and Services
5.3.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Increasing Prevalence of Gastrointestinal Diseases in Animals
6.1.2 Shifting Trend Towards Minimally Invasive Procedures
6.1.3 Growing Animal Health Expenditure and Improved Insurance Policies
6.2 Market Restraints
6.2.1 High Cost of Veterinary Endoscopes
6.2.2 Low Penetration in Devoloping and Underdeveloped Countries
6.3 Opportunities
6.4 Key Challenges

7. Market Segmentation
7.1 By Product Type
7.1.1 Capsule Endoscopes
7.1.2 Flexible Endoscopes
7.1.2.1 Fibre Optic Endoscops
7.1.2.2 Video Endoscopes
7.1.3 Rigid Endoscopes
7.1.4 Robot Assisted Endoscopes
7.2 By Animal Type
7.2.1 Companion
7.2.2 Livestock
7.3 By End User
7.3.1 Veterinary Hospitals
7.3.2 Academic Institutes
7.3.3 Research Institutes
7.4 By Geography
7.4.1 North America
7.4.1.1 United States
7.4.1.2 Canada
7.4.1.3 Mexico
7.4.2 Europe
7.4.2.1 France
7.4.2.2 Germany
7.4.2.3 United Kingdom
7.4.2.4 Italy
7.4.2.5 Spain
7.4.2.6 Rest Of Europe
7.4.3 Asia-Pacific
7.4.3.1 China
7.4.3.2 Japan
7.4.3.3 India
7.4.3.4 Australia & New Zealand
7.4.3.5 South Korea
7.4.3.6 Rest of Asia-Pacific
7.4.4 Middle East & Africa
7.4.4.1 GCC
7.4.4.2 South Africa
7.4.4.3 Rest of the Middle East & Africa
7.4.5 South America
7.4.5.1 Brazil
7.4.5.2 Argentina
7.4.5.3 Rest of South America

8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches

9. Key Players
9.1 Biovision Veterinary Endoscopy, LLC.
9.2 Dr. Fritz
9.3 DRE Veterinary
9.4 Eickemeyer Veterinary Equipment
9.5 Endoscopy Support Services, LLC.
9.6 Fujifilm Holdings Corporation
9.7 KARL STORZ SE & Co. KG
9.8 OLYMPUS CORPORATION
9.9 STERIS Instrument Management Services, Inc.
9.10 Welch Allyn
*List Not Exhaustive

10. Future of the Market
Note: Product cover images may vary from those shown
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  • Veterinary Endoscopy LLC.
  • Dr. Fritz
  • DRE Veterinary
  • Eickemeyer Veterinary Equipment
  • Endoscopy Support Services LLC.
  • Fujifilm Holdings Corporation
  • Karl Storz Se & Co. Kg
  • Olympus Corporation
  • Steris
  • Instrument Management Services Inc.
  • Welch Allyn
Note: Product cover images may vary from those shown
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