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Veterinary Endoscopes Market Analysis

  • Report ID: GMI4038
  • Published Date: Jul 2024
  • Report Format: PDF

Veterinary Endoscopes Market Analysis

Based on product type, the market is segmented into flexible endoscopes, rigid endoscopes, and capsule endoscopes. The flexible endoscopes segment dominated the market with 67% of market share in 2023.

 

  • Flexible endoscopes provide greater maneuverability, allowing access to complex anatomical structures such as the gastrointestinal tract and respiratory system. They are ideal for procedures where flexibility is crucial such as navigating through bends and curves in the body. In addition to this, they can be used for a wide range of diagnostic and therapeutic procedures including gastroscopy, colonoscopy, bronchoscopy, and rhinoscopy. These factors collectively aid in driving the growth of this segment.

     

Based on procedure type, the veterinary endoscopes market is classified into gastroduodenoscopy, colonoscopy, bronchoscopy, tracheoscopy, male urethrocystoscopy, laparoscopy, rhinoscopy, otoscopy, and other procedures. The gastroduodenoscopy segment captured significant market revenue of USD 53.7 million in 2023.

 

  • The increasing prevalence of gastrointestinal issues in animals ranging from chronic conditions such as inflammatory bowel disease to acute problems including gastrointestinal bleeding or foreign body ingestion significantly drives the growth of this segment.

     

  • Further, beyond diagnostics, gastroduodenoscopy supports various therapeutic interventions. This dual functionality enhances the segmental growth, as it combines diagnostic precision with immediate therapeutic action.

 

Veterinary Endoscopes Market, By Animal Type (2023)

Based on animal type, the veterinary endoscopes market is divided into small animals and large animals. The small animals segment accounted for significant market share and is expected to grow at 6.4% of CAGR over the forecast timeframe.

 

  • Small animals such as dogs, cats, and smaller mammals constitute a significant portion of the pet population globally. Therefore, the high adoption of pet ownership drives demand for veterinary care including diagnostic and therapeutic procedures facilitated by endoscopy. Thus, the growing awareness among pet owners and increased humanization of pets fosters the growth of small animals segment in this market.

     

Based on end-user, the veterinary endoscopes market is categorized into veterinary hospitals & clinics, veterinary diagnostic centers, and other end-users. The veterinary hospitals & clinics segment held highest market share and is anticipated to reach USD 181.5 million by 2032.

 

  • Veterinary hospitals and clinics hold the highest market share due to their ability to offer comprehensive healthcare services and handle a high patient volume, necessitating the use of advanced diagnostic and therapeutic equipment like endoscopes. Also, these facilities are equipped with the advanced infrastructure needed to support the efficient use of endoscopic technology. Thus, the combination of a wide range of services, large patient flow, and sophisticated infrastructure fuels the growth of this segment.

 

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North America veterinary endoscopes market is expected reach USD 154.5 million by the end of the forecast period.

 

  • North America has one of the highest rates of pet ownership globally, with a growing number of households considering pets as family members. This trend is coupled with increased spending on pet healthcare, driving the growth of this segment. According to the American Pet Products Association (APPA), the total pet industry spending in the U.S. is projected to reach USD 150.6 billion in 2024, with veterinary care and products accounting for USD 39.1 billion of this amount.

     

  • This rising expenditure on veterinary care is driving veterinary clinics and hospitals to adopt advanced endoscopic equipment to meet the growing demand for specialized services.

     

Asia Pacific veterinary endoscopes market is expected to experience growth of 7% between 2024 - 2032.

 

  • The number of pet owners in this region is steadily rising, alongside a growing focus on the health and well-being of livestock. According to an article published by Dogster in 2024, there are over 31 million pet dogs and 2.44 million pet cats in India. The pet cat population is expected to reach 4.89 million 2026. Therefore, as more households adopt pets and the agriculture sector places greater emphasis on livestock health, the demand for advanced veterinary care including endoscopic procedures is expected to increase, thereby augmenting the regional market growth.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Veterinary endoscopes industry size was worth USD 218.2 million in 2023 and is projected to expand at 6.6% CAGR from 2024 to 2032, due to increasing pet ownership rates globally and rising expenditure on advanced veterinary care.

The flexible endoscopes product type segment in the veterinary endoscopes industry recorded 67% revenue share in 2023 as they provide greater maneuverability, allowing access to complex anatomical structures.

The gastroduodenoscopy procedure segment in the veterinary endoscopes industry accounted for USD 53.7 million in revenue in 2023 on account of the increasing prevalence of gastrointestinal issues in animals ranging from chronic conditions such as inflammatory bowel disease.

North America veterinary endoscopes industry is projected to record USD 154.5 million by 2032, led by the rising rates of pet ownership in the region.

Veterinary Endoscopes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 336
  • Countries covered: 22
  • Pages: 191
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