Veterinary Endoscopes Market – By Product Type (Flexible [Video, Fibre-optic], Rigid), Procedure Type (Gastroduodenoscopy, Colonoscopy, Bronchoscopy, Laparoscopy), Animal Type (Small, Large Animals), End-user – Global Forecast 2024 – 2032
Report ID: GMI4038
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Published Date: July 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 11
Tables & Figures: 336
Countries covered: 22
Pages: 191
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Veterinary Endoscopes Market Size
Veterinary Endoscopes Market size accounted for USD 218.2 million in 2023 and is anticipated grow at over 6.6% CAGR between 2024 and 2032. Veterinary endoscopes are specialized medical instruments used in veterinary medicine for minimally invasive examination and treatment of internal organs and structures in animals.
They consist of flexible or rigid tubes equipped with a light source and camera, allowing veterinarians to visualize and navigate through the gastrointestinal tract, respiratory system, urinary tract, joints, and other anatomical areas. Veterinary endoscopes facilitate animal diagnostics procedure such as gastroscopy and bronchoscopy, as well as therapeutic interventions. Their use reduces recovery times, minimizes trauma, and enhances precision in veterinary surgery and diagnostics.
The market growth is primarily attributed to the increasing pet ownership rates globally and rising expenditure on advanced veterinary care. Also, technological advancements have also played a crucial role in expanding the market. Innovations such as high-definition imaging systems, flexible endoscope designs that improve maneuverability, and the integration of digital and robotic technologies have enhanced the precision and effectiveness of veterinary endoscopic procedures. These advancements not only improve diagnostic accuracy but also enable veterinarians to perform a broader range of therapeutic interventions with greater success rates, thus driving the adoption of veterinary endoscopes. Furthermore, the increased establishment of specialized veterinary hospitals and clinics equipped with advanced medical equipment has driven market growth.
Veterinary Endoscopes Market Trends
The market is experiencing a notable trend driven by increasing pet ownership rates worldwide. As more households’ welcome pets into their families, there is a corresponding rise in demand for comprehensive veterinary care. For instance, according to European Pet Food Industry Federation (FEDIAF), around 90 million households in Europe own a pet in 2022 that is around 46%. Thus, with higher levels of pet ownership comes increased expenditure on veterinary services and animal healthcare.
Further, veterinary endoscopes play a crucial role in meeting this demand by offering minimally invasive diagnostic and therapeutic solutions. Also, the increasing shift of pet owners towards minimally invasive procedure preferences supports the growth of market.
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.
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.
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.
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.
North America veterinary endoscopes market is expected reach USD 154.5 million by the end of the forecast period.
Asia Pacific veterinary endoscopes market is expected to experience growth of 7% between 2024 - 2032.
Veterinary Endoscopes Market Share
The market is driven by continuous innovation, technological advancements, and a strong commitment to animal health. Leading companies dominate the market by offering a wide range of high-quality and advanced endoscopic equipment. These companies are continually investing in research and development to introduce new products and enhance existing ones.
Veterinary Endoscopes Market Companies
Prominent players operating in the veterinary endoscopes industry include:
Veterinary Endoscopes Industry News:
The veterinary endoscopes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product Type
Market, By Procedure Type
Market, By Animal Type
Market, By End-user
The above information is provided for the following regions and countries: