Veterinary Endoscopes Market (By Type: Rigid, Flexible; By Animal Type: Large Animals, Small Animals; By Application: Diagnostic, Surgical/ interventional; By Procedure: Respiratory Endoscopy, Gastrointestinal tract Endoscopy, Urinary & genital tract Endoscopy, Abdominal Endoscopy, ENT Endoscopy) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Veterinary Endoscopes market size is expected to be worth around US$ 415.2 million by 2030, according to a new report by Vision Research Reports.

The global Veterinary Endoscopes market size was valued at US$ 195.6 million in 2020 and is anticipated to grow at a CAGR of 7.6% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

The key drivers contributing to the growth include the rising pet population, demand for minimally invasive procedures in animals, adoption by clinics to increase revenue, technological advancements, and awareness about animal diseases and treatment options. According to a study published in the Journal of the American Veterinary Medical Association, introducing rigid endoscopy and laparoscopy to a small animal general practice was found to have economic and clinical feasibility with no major complications. Adding endoscopy services thus helps increase practice revenue by expanding service offerings.

By Type Analysis

The rigid endoscopes segment dominated the market with a revenue share of over 45% in 2020 while the others endoscopes segment is estimated to register the fastest growth rate from 2021 to 2028. The flexible endoscopes segment, on the other hand, held the second-largest share during 2020.

The growing adoption of veterinary endoscopy procedures as a minimally invasive alternative to surgical procedures is anticipated to fuel the market growth.

The commonly conducted procedures using endoscopes include stomach and gastrointestinal exam and biopsy, retrieval of objects from the stomach, placement of feeding tubes, and examination of the upper airways.

By Animal Type Analysis

The small animals' segment is estimated to register the highest CAGR of over 7% in the coming years. The rising pet population and expenditure, advancements in veterinary medicine and diagnosis, and availability of veterinary endoscopes for varying applications are the factors expected to fuel the market growth over the forecast period.

The large animal segment contributed to a share of over 53% in 2020. Flexible endoscopes, in particular, are a standard component of diagnostic equipment in large animal medicine, according to Karl Storz, a key player in the market. 

By Application Analysis

In terms of application, the diagnostic segment held a share of over 73% of the market in 2020. Veterinary endoscopes find application in a variety of diagnostic applications such as liver or kidney biopsies during laparoscopy, diagnostic sampling during otoscopy.

The surgical/ interventional segment is anticipated to expand at the fastest CAGR of about 10.0% during the forecast period, due to the rising number of minimally invasive surgeries in animals. 

By Procedure Analysis

The gastrointestinal tract endoscopy held a significant revenue share of more than 44% of the market in 2020. This is owing to growing diagnostic and interventional procedures performed to safeguard the health of companion and livestock animals.

ENT endoscopy procedures include otoscopy and rhinoscopy. Diagnostic otoscopy in veterinary medicine is used to study the external and middle ears of animals. It is one of the most important applications of veterinary endoscopes owing to the rising prevalence of external ear disorders in dogs.

By Regional Analysis

North America held the largest revenue share of over 32% in 2020, due to the increasing prevalence of diseases in animals, the humanization of pets, and wide pet insurance coverage.

Asia Pacific is estimated to expand at the fastest at a CAGR of over 7% in the next few years. This is attributable to the growing pet population, awareness about animal diseases, and the presence of market players.

Key Players

• Steris

• MDS Incorporated

• Firefly Global

• eKuore

• KARL STORZ SE & Co. KG

• Advanced Monitors Corporation

• Dr. Fritz Endoscopes GmbH

• Zhuhai Seesheen Medical Technology Co., Ltd.

• Biovision Veterinary Endoscopy, LLC

• Eickemeyer

Market Segmentation

• By Type 

  • Rigid

  • Flexible

  • Others

• By  Animal Type 

  • Large Animals

  • Small Animals

• By Application 

  • Diagnostic

  • Surgical/ interventional

• By Procedure 

  • Respiratory Endoscopy

  • Gastrointestinal tract Endoscopy

  • Urinary & genital tract Endoscopy

  • Abdominal Endoscopy

  • ENT Endoscopy

  • Others (Arthroscopy)

• Regional

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

The Veterinary Endoscopes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Veterinary Endoscopes market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Veterinary Endoscopes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Veterinary Endoscopes market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Veterinary Endoscopes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Veterinary Endoscopes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Veterinary Endoscopes by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Veterinary Endoscopes market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Veterinary Endoscopes market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Veterinary Endoscopes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Veterinary Endoscopes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Veterinary Endoscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Veterinary Endoscopes market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Veterinary Endoscopes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Veterinary Endoscopes market. These factors have benefited the growth of the global market for Veterinary Endoscopes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Veterinary Endoscopes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Veterinary Endoscopes are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.