Veterinary Endoscopes Market to Account for US$ 478.84 Mn With Booming Key Players Olympus Corporation, Biovision Veterinary Endoscopy, LLC, Dr. Fritz, MEDIT INC, FUJIFILM Holdings Corporation

The veterinary endoscopes market in the Asia Pacific region is largely held by countries such as China, Japan, Australia, and South Korea. The veterinary endoscopes market across the region is estimated to grow significantly due to rising numbers of veterinary clinics, hospitals, and institutes. The growth of the market is also attributed to the increasing adoption of pet animals and related businesses. In addition, it is expected that the market is projected to grow due to the regulations for animal protection and conservation in countries like South Korea and Australia.

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The key players influencing the market are:

- Olympus Corporation
- Biovision Veterinary Endoscopy, LLC
- Dr. Fritz, MEDIT INC
- FUJIFILM Holdings Corporation
- Harvard Apparatus
- Shanghai Aohua Photoelectricity Endoscope Co.,
Ltd.
- Infiniti Medical
- KARL STORZ SE & Co. KG
- Welch Allyn

The report segments the global veterinary endoscopes market as follows:

Global Veterinary Endoscopes Market - By Product Type

- Capsule Endoscopes
- Flexible Endoscopes
- Rigid Endoscopes

Global Veterinary Endoscopes Market - By Application

- Diagnostic
- Surgical

Global Veterinary Endoscopes Market - By Procedure

- Bronchoscopy
- Cystoscopy
- Gastrointestinal
- Laparoscopy
- Otoscopy
- Other Procedure Types

Market Insights

Growing Training Programs for Endoscopic Diagnosis

Diagnosis and treatment through endoscopy are an emerging field in the veterinary sector. The veterinary endoscopes are devices which are widely used for diagnosing gastrointestinal diseases in the animals. Therefore, various education and training programs are being conducted to upgrade the knowledge of veterinary professionals with the latest technologies. Various companies such as Karl Storz SE & Co. KG and Biovision Veterinary Endoscopy, LLC are also offering training programs for the use of veterinary endoscopic devices for diagnosis and treatment.

In addition, veterinary schools and institutes training for veterinary diagnosis are incorporated, and the veterinary doctors, nurses, and other professionals are being trained. Other than the programs offered in the institutes, online courses are made available. For instance, the University of Agriculture, The University of Tennessee, offers the online only course (20 CE hours) and integrated courses (56-64 CE hours), which offers in-depth online training for rigid and flexible endoscope handling, cleaning and other related knowledge. The courses also offer individuals desiring hands-on training. Thus, owing to these factors it is expected that the market is likely to grow exponentially in coming days.

Use of Capsule Endoscope for Diagnosis

The capsule endoscopes for diagnosis gastrointestinal diseases in human is widely accepted as a minimally invasive technique of diagnosis. However, in the field of the veterinary capsule, endoscopy is an emerging technology and is expected to have good potential in the coming future.

Moreover, the use of the capsule endoscope does not require anesthesia and restriction of pet activity. Thus, owing to the advantages of the capsule endoscopes for diagnosing the gastrointestinal diseases in animals are likely to expand the growth of the market during the forecast years.

Strategic Insights

Organic and inorganic growth strategies were observed in global veterinary endoscopes industry. Whereas, organic growth strategies where carried out largely in the veterinary endoscopes market. For instance, in March 2019, Olympus Corporation has launched the PowerSpiral in Europe and parts of the Asia-Pacific region, including Hong Kong and India. Further, it is planning to launch in the United States and other parts of the Asia-Pacific region as regulatory procedures are completed.

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