Veterinary endoscopy Market Analysis & Technological Innovation by Top Key Player Biovision Veterinary Endoscopy, B. Braun, Dr. Fritz, Eickemeyer, Karl Storz, Fujifilm, Hoya Corporation & More

Speaking on the geographical landscape, North America dominated the veterinary endoscopy market in 2017 with the maximum revenue and is anticipated to accumulate appreciable returns in the ensuing years. The growth is characterized by the development of an innovative veterinary healthcare infrastructure in the region. The existence of distinguished industry players leading to the development in veterinary endoscopes will further stimulate the regional veterinary endoscopy market growth.
Market Study Report adds global Veterinary endoscopy market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Key players in veterinary endoscopy market include Biovision Veterinary Endoscopy, B. Braun, Dr. Fritz, Eickemeyer, Karl Storz, Fujifilm, Hoya Corporation (Pentax Medical), Olympus Corporation, Welch Allyn, Steris, Endoscopy Support Services, and Richard Wolf GmbH. These industry majors are employing varied tactics like mergers, strategic partnerships, new product introductions, and acquisitions to garner greater market shares.

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The rising emphasis on pet healthcare & spending and the technological advancements in veterinary endoscope development would undeniably impel the market expansion in future. The positive momentum behind the sustained triumph of veterinary endoscope devices and their benefits for the overall animal healthcare industry would potentially augment the global veterinary endoscopy market over 2018-2024.

Veterinary endoscopy market is expected to experience substantial growth over 2018-2024, driven by rising prevalence of ailments like bovine spongiform encephalopathy, zoonosis, brucellosis foot-and-mouth disease, anthrax, and several other infectious diseases. As per a study in the Journal of Veterinary Medicine and Animal Health, gastrointestinal helminths of livestock mostly cause serious health issues in animals in both developed and developing nations. Mounting burden of animal sicknesses globally will fuel the demand for veterinary treatment and diagnosis, thus adding momentum to the market growth.

Increasing awareness of animal health amongst pet owners coupled with the presence of myriad veterinary clinics and hospitals will enlarge the market size. The prevalence of favorable reimbursement policies, pet insurance alternatives and their attractive benefits that increase treatment affordability, are bound to escalate the veterinary endoscopy market size in the future.
However, expensive veterinary endoscopy procedures, along with the inadequacy of veterinarians particularly in developing nations, may impede the veterinary endoscope market growth in the foreseeable future.

Speaking of the product landscape, it is prudent to mention that the flexible endoscope product segment led the overall market in 2017, having accumulated the highest revenue, ascribed to the extensive use of flexible endoscopes in veterinary treatment procedures. Rising implementation of advanced and innovative flexible endoscopes, that are extremely pliable and help healthcare practitioners to get a direct view, are anticipated to surge the growth of this segment.

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Ascending prevalence of gastrointestinal diseases like bowel obstruction, hookworm infection, diarrhea, exocrine pancreatic insufficiency, and others would accelerate the growth of veterinary endoscopy market from gastrointestinal procedures in the forthcoming years. The prevalence of such diseases is comparatively higher in animals based in mid and low-income nations.

Diagnostic applications segment led the veterinary endoscopy market in 2017 and is anticipated to bolster favorable growth in the future. Increasing count of animals suffering from gastrointestinal diseases is the chief factor behind the segment?s growth. Indeed, endoscopes are mandatory for the diagnosis of diseases in livestock. It is rather overt that endoscopy adoption trends will foster growth opportunities for this segment in future.

Companion animal segment is projected to grow significantly in the coming six years as a result of rising adoption rate of companion animals in both developed and developing nations. Growing animal health awareness amongst pet owners together with augmenting pet healthcare spending would spur the segment size in the foreseeable future.

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