Veterinary Endoscopy Market-By Product Type, By Procedure, By Animal, By End User and By Region-Global Forecast 2023
Report sample URL
The veterinary endoscope market is estimated to reach US $ 219.0 million by 2023 from US $ 159.8 million in 2018 and is expected to grow at a CAGR of 6.5% during the forecast period. Increasing the use of endoscopes in the diagnosis of gastrointestinal disorders, the increasing number of veterinary endoscopy training programs, and the advanced applications of veterinary endoscopy are key drivers of market growth. Increasing pet insurance and spending on animal health, an increasing population of companion animals, high demand for animal-derived foods, and an increasing number of veterinarians are also expected to contribute to market growth.
However, the high cost of veterinary endoscopy and the increased cost of pet care are expected to curb market growth during the forecast period.
The veterinary endoscopy market is by product type (flexible, videoscope, optical fiber, rigid), by procedure (bronchoscopy, laparoscopy, gastroduodenal endoscopy, colonoscopy, nasoscopy), It is divided by animal (companion, large), by end user (hospital and academic institution, clinic) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
The hospital and academic institution segments are expected to dominate the market during the forecast period.
Based on the end user, the veterinary endoscopy market is divided into hospitals and academic institutions, and clinics. The hospital and academic institution segment is expected to grow at a maximum CAGR during the forecast period. Veterinary endoscopy is widely used in hospitals and diagnostic imaging centers attached to hospitals to visualize internal organs. This is a key driver of the growth of this end-user segment.
In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, the Middle East / Africa and more. The Asia Pacific veterinary endoscopy market is estimated to register a significant CAGR during the forecast period.
Growth in the region is expected to be due to government efforts to raise awareness of early detection of animal diseases, increased adoption of pets, and an increase in the number of veterinary hospitals and clinics in India and China.
Details of the survey report
Key Players on the Market
Key Players on the Veterinary Endoscopy Market include KARL STORZ (Germany), Welch Allyn (US), STERIS (UK), Endoscopy Support Services (US), Olympus (Japan), Fujifilm ( Japan), Eickemeyer (Germany), B. Braun (Germany), Biovision Veterinary Endoscopy (USA), Dr. Fritz (Germany) and others.
The survey includes a detailed competitive analysis of these major companies in the veterinary endoscopy market , corporate profiles, recent developments, and key market strategies.
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