Global Veterinary Endoscopy Market devices were USD 153 Million in 2017, and it is estimated to grow at a CAGR of 6.4 % from 2017 to 2024.
Veterinary endoscopy device is an instrument that is used to look inside the body. Normally endoscopes are flexible, rigid, ingestible, and robot-assisted, which are specially used to examine the bladder, abdomen, oesophagus and another internal organ. It is mainly used for diagnosis or surgery purposes to identify and cure the injured area.
The major factor driving the veterinary endoscopy market is the increase in the adoption rate of equivalent animals particularly cats and dogs per households. In addition to this, it is the animal health expenditure together with the rapid development in the animal healthcare infrastructure that has boosted the overall market size. Increasing demand for pet animals worldwide and rise in incidences of gastrointestinal ailments among pet animals are a few other driving factors for Global Veterinary Endoscopy Market.
Global Veterinary Endoscopy Market is segmented by product type, procedure, animal type, end user, and region. Global veterinary endoscopy market devices have the predominant usage in hospitals, and clinics were pets are brought for treatment.
The companion animal segment is anticipated to hold the major market share in 2016 and the growth is also expected to be high during the forecast period. The growth can be attributed to the advantages offered at a hospital which includes a cost-effective solution and suitable care provided according to health needs as well as increasing patient’s preference for healthcare.
The major players in the market are Endoscopy Support Services (US), Biovision Veterinary Endoscopy (US), Welch Allyn (US), Dr. Fritz (Germany), KARL STORZ (Germany), Fujifilm (Japan), Olympus (Japan), Eickemeyer (Germany), B. Braun (Germany), and STERIS (UK).
Considering the regional segments, the North America market held the highest market share in 2016 and holds potential for strong growth in the upcoming years as well. A few key factors driving the overall growth of the veterinary endoscope market in North America are numerous veterinary hospitals & clinics, favorable medical policies for pets, and cost-effective treatment costs among others.
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The years that have been considered for the study are:
• Base year – 2016
• Estimated year – 2017
• Forecast period – 2017 to 2024
Global Veterinary Endoscopy Market, Segmentation
Global Veterinary Endoscopy Market, By Product Type
• Flexible Endoscopes
o Video Endoscopes
o Fibre-optic Endoscopes
• Rigid Endoscopes
• Other
Global Veterinary Endoscopy Market, By Procedure
• Flexible Endoscopy
o Gastroduodenoscopy
o Colonoscopy
o Bronchoscopy
o Male Urethrocystoscopy
o Tracheoscopy
o Other
• Rigid Endoscopy
o Laparoscopy
o Otoscopy
o Rhinoscopy
o Thoracoscopy
o Arthroscopy
o Other
Global Veterinary Endoscopy Market, By Animal Type
• Companion Animals
• Large Animals
• Other
Global Veterinary Endoscopy Market, By End User
• Hospitals
• Academic Institutes
• Clinics
Global Veterinary Endoscopy Market, By Region
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific
• Japan
• China
• India
• South Korea
• Australia
• Rest of Asia Pacific
Rest of the World (RoW):
• Middle-East
• Africa
• Latin America
Research Methodology:
The Global Veterinary Endoscopy Market is estimated by analyzing the data points obtained from various sources and conducting them into a predictor model created specifically for each individual market. The data points are extracted from paid and unpaid sources along with paid primary interviews with key opinion leaders in the market. Key opinion leaders from both demand and supply sides of the market were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this analysis. This country-specific analysis was accumulated to establish regional numbers and then arrive at the global market value for Global Veterinary Endoscopy Market.
Key target audience:
• Veterinary endoscope manufacturers
• Veterinary endoscope distributors
• Animal health research and development companies
• Veterinary reference laboratories
• Veterinary hospitals and diagnostic imaging laboratories
• Venture capitalists and investors
• Government associations
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The newly added Veterinary Endoscopy market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the veterinary endoscopy market include ESS, Inc., Fujifilm Holdings Corporation, Harvard Bioscience Infiniti Medical, HOYA Corporation, Jorgen Kruuse A/S, KARL STORZ SE & Co. KG, Olympus Corporation, Richard Wolf GmbH and STERIS plc.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Veterinary Endoscopy Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/veterinary-endoscopy-market/download-sampleMarket DynamicsRise in cases of anthrax, foot and mouth disease, and other infectious diseases within pets are promoting the adoption of endoscopy in veterinary medicine.
On the other hand, high cost of veterinary devices coupled within lack of skilled professionals is expected to hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
A recent market intelligence report that is published by Data Insights Partner on the global Veterinary Endoscopy market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Veterinary Endoscopy market.
The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Veterinary Endoscopy market over the short as well as long period of time.
A detailed presentation of forecast, trends, and dollar values of global Veterinary Endoscopy market is offered.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Endoscopy is a medical procedure which helps to investigate and treat the internal organs of animals.
This market intelligence report on the global Veterinary Endoscopy market encompasses market segments based on device, procedure, end user and geography.
Market OverviewThe global “capsule endoscopy market” is likely to derive growth from the rise in the number of chronic diseases, namely, cancer and gastrointestinal diseases across the globe.
Fortune Business Insights, in a report, titled “Capsule Endoscopy Market Size, Share And Global Trend By Product (Oesophageal Capsule, Small Bowel Capsule,Colon Capsule), By Application (Obscure Gastrointestinal Bleeding, Crohn’s Disease, Small Intestine Tumor), By End User (Hospitals, Diagnostic Laboratories, Specialty Clinics), And Geography Forecast Till 2026,” states that there has been advancements in hybrid imaging techniques as well as capsule endoscopy technology, which in turn is propelling the global endoscopy market.
The report classifies the global endoscopy market in terms of four segments, namely, by product, by application, by end user, and by geography.
By end user, the market is classified into specialty clinics, hospitals, and diagnostic laboratories.Some of the major companies that are present in the global capsule endoscopy market areOlympus CorporationMEDTRONICFujifilm Holding CorporationIntroMedic Co., Ltd.RF System labCapsoVisionJINSHAN Science & TechnologyRequest a Sample Copy of the Research ReportInnovations by Key Players Likely to Boost MarketStratis Medical, Inc., a prominent distributor and importer of gastroenterology products announced that they have developed an exclusive distribution agreement with MiroCam Capsules Endoscopy System in June 2018 in the U.S. Startis has also received FDA approval for the launch of their dual-camera capsule endoscopy system.
A rise in the number of cases of gastrointestinal disorders and colorectal cancer are likely to catapult North America to the leading position.
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