Global Veterinary Endoscopy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global veterinary endoscopy market size reached US$ 208.4 Million in 2022. Looking forward, the market is expected to reach US$ 289.2 Million by 2028, exhibiting a growth rate (CAGR) of 5.61% during 2022-2028.

Veterinary endoscopy refers to a medical procedure used for examining the internal organs of pets and animals by introducing endoscopes. An endoscope is a flexible tube with a video camera attachment that is inserted into the stomach through the mouth or the colon of the animal. It is widely used for diagnosing abnormal swelling, inflammation, blockages and ulcers. Veterinary endoscopy utilizes flexible, video, fiber-optic, rigid and robotic endoscopes. It causes minimal pain and discomfort and involves low risk. As a result, veterinary endoscopies are widely conducted at pet clinics, veterinary hospitals and academic institutes.

Veterinary Endoscopy Market Trends

The increasing prevalence of infectious diseases among pets across the globe is one of the key factors creating a positive outlook for the market. Veterinary endoscopy treatment is widely used for the diagnosis and monitoring of various ailments, such as brucellosis, foot-and-mouth disease, bovine spongiform encephalopathy and anthrax. Moreover, the rising awareness regarding the available alternatives to examine, diagnose and control diseases is providing a thrust to the market growth. Various innovations, such as the development of capsule endoscopy to diagnose polyps, tumors or gastrointestinal bleeding, are favoring the market growth. Capsule endoscopy involves the swallowing of a small capsule consisting of a wireless camera to capture and transmit the images of the internal organs. In comparison to the traditionally used procedures, it is painless, does not require sedation and has fewer complications. Other factors, including the convenient availability of pet insurance services, along with the increasing domestication of animals, are anticipated to drive the market toward growth.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global veterinary endoscopy market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product, animal type and end user.

Breakup by Product:

• Capsule Endoscopes
• Flexible Endoscopes
• Rigid Endoscopes
• Robot Assisted Endoscopes

Breakup by Animal Type:

• Companion
• Livestock

Breakup by End User:

• Veterinary Hospitals
• Academic Institutes

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Latin America
• Brazil
• Mexico
• Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Avante Health Solutions, B. Braun Melsungen AG, Biovision Veterinary Endoscopy LLC, Dr. Fritz Endoscopes GmbH, Eickemeyer Veterinary Equipment Ltd., FUJIFILM Corporation, Karl Storz SE & Co. KG, Olympus Corporation, PENTAX Medical, Richard Wolf GmbH and Steris Corporation.

Key Questions Answered in This Report:

• How has the global veterinary endoscopy market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global veterinary endoscopy market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the animal type?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global veterinary endoscopy market and who are the key players?
• What is the degree of competition in the industry?