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Veterinary Endoscopy Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4622681
  • Report
  • February 2020
  • Region: Global
  • 120 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Dr. Fritz
  • DRE Veterinary
  • Karl Storz SE & Co. KG
  • Olympus Corporation
  • Steris Plc
  • Welch Allyn
  • MORE
Animals suffer from various types of gastrointestinal diseases, such as diarrhea, coccidiosis, melena, indigestion, and bowel obstruction. The rise in the prevalence of these gastrointestinal diseases is expected to boost the growth of the market over the forecast period.

According to the data published by Healthy Paws Pet Insurance and Foundation, it receives more than 200,000 claims for insurance each year, out of which stomach issues and skin conditions are among the most common ailments for both cats and dogs. The endoscopes can be used for the diagnosis of various diseases in animals. The examiner can identify abnormalities, such as inflammation, swelling, or areas of scarring or stricture. In many cases, veterinarians diagnose cancer of the gastrointestinal tract using the endoscope.

In addition, there is a huge technological advancement in endoscopic devices, which are helping veterinarians to diagnose various gastrointestinal diseases in animals. Thus, the rise in prevalence and technological advancement expected to propel the growth of the market over the forecast period.

Key Market Trends

Capsule Endoscopes to Witness Considerable Growth ate

The capsule endoscope is a tiny wireless camera, which helps to take pictures of the digestive tract. Capsule endoscopes can be used to diagnose diseases, such as inflammatory bowel diseases and cancer. The capsule endoscopy is a non-invasive endoscopic imaging technique, which is used to capture high-quality real-time imaging of the stomach and small intestine, as well as to measure the gastric emptying time in animals.

This technique can be used for the detection of gastric and small intestinal mucosal lesions in dogs for the evaluation of gastrointestinal bleeding. Furthermore, there is a technological development going on in the market, which is helping to increase the user base. For instance, in 2016, the University of Saskatchewan developed an endoscopy capsule (camera pill) for horses.

Thus, a rise in development and benefits associated with capsule endoscopes are expected to drive the growth of the market over the forecast period.

North America region expected to Dominate the Market

The North American region is expected to dominate the market, owing to the increase in adoption of companion animals, improved veterinary healthcare expenditure, and increasing awareness about pet insurance. According to the estimates of American Society for the Prevention of Cruelty to Animals, (ASPCA), every year approximately 6.5 million companion animals enter the US animal shelters nationwide. Out of those, approximately 3.2 million are cats and 3.3 million are dogs.

Furthermore, according to the survey of the American Pet Products Association in the United States, in 2016, the total expenditure on pets was USD 66.8 billion and as per the estimate, it was USD 69.4 billion in 2017. Thus, the rise in the adoption of companion animals and the increase in pet healthcare expenditure are expected to drive the growth of the market over the forecast period.

Competitive Landscape

The market studied is moderately competitive and enjoys the presence of global players. With the rising advancements in endoscopy devices, there are few small to mid-sized companies that are trying to penetrate the market. It is believed that in the future, these new entrants will hold a substantial share of the market studied.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.

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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 Plc
  • Welch Allyn
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Gastrointestinal Diseases in Animals
4.2.2 Shifting Trend Toward Minimally Invasive Procedures
4.2.3 Increasing Animal Health Expenditure and Improved Insurance Policies
4.3 Market Restraints
4.3.1 High Cost of Veterinary Endoscopes
4.3.2 Low Penetration in Developing and Underdeveloped Countries
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Product Type
5.1.1 Capsule Endoscopes
5.1.2 Flexible Endoscopes
5.1.3 Rigid Endoscopes
5.1.4 Robot Assisted Endoscopes
5.2 By Animal Type
5.2.1 Companion
5.2.2 Livestock
5.3 By End User
5.3.1 Veterinary Hospitals
5.3.2 Academic Institutes
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

6.1 COMPANY PROFILES
6.1.1 Biovision Veterinary Endoscopy LLC
6.1.2 Dr. Fritz
6.1.3 DRE Veterinary
6.1.4 Eickemeyer Veterinary Equipment
6.1.5 Endoscopy Support Services LLC
6.1.6 Fujifilm Holdings Corporation
6.1.7 Karl Storz SE & Co. KG
6.1.8 Olympus Corporation
6.1.9 Steris Plc
6.1.10 Welch Allyn

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • 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 Plc
  • Welch Allyn
Note: Product cover images may vary from those shown
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