Veterinary Video Endoscopes Market – By Product (Equipment, PACS Software), Animal Type (Small, Large), Application (Diagnostic, Surgical), Procedure (Abdominal /GI Tract, Respiratory, ENT, Urogenital), End-user (Veterinary Hospitals, Clinics) – Global Forecast 2024 – 2032

Veterinary Video Endoscopes Market Size

Veterinary Video Endoscopes Market size was valued at USD 130.3 million in 2023 and is anticipated to witness growth at a CAGR of 7.8% from 2024 and 2032. The veterinary market is experiencing significant growth, driven primarily by increasing pet ownership globally, leading to higher demand for advanced veterinary care and diagnostic procedures.
 

Moreover, rising prevalence of gastrointestinal and respiratory diseases in animals has necessitated the use of endoscopic procedures for accurate diagnosis and effective treatment planning. For instance, as per the American Veterinary Medical Association, more than 10% of all new veterinary visits are related to gastrointestinal (GI) disease in dogs and cats. Additionally, growing awareness among pet owners regarding the benefits of early detection of diseases and the availability of specialized veterinary services have further bolstered the market for veterinary video endoscopes. These factors combined are fostering a favorable environment for market expansion, with ongoing innovations expected to continue driving growth in the foreseeable future.
 

Veterinary video endoscopes are specialized medical devices used in veterinary medicine for minimally invasive diagnostic and therapeutic procedures. They consist of a flexible or rigid tube with a small camera and light source at the tip, allowing veterinarians to visualize and examine internal organs, cavities, and tissues of animals. The images captured by the camera are displayed on a monitor in real-time, enabling precise examination and diagnosis without the need for more invasive surgical procedures. Veterinary video endoscopes are essential tools in the diagnosis and treatment of various conditions in animals, including gastrointestinal disorders, respiratory issues, and urinary tract abnormalities.
 

Veterinary Video Endoscopes Market Trends

• Technological advancements in veterinary endoscopy have emerged as a significant driver of the market. These advancements have revolutionized the field of veterinary medicine by enhancing the capabilities and precision of diagnostic and therapeutic procedures.
   
• Modern veterinary endoscopes now feature high-definition imaging systems, which provide veterinarians with clearer and more detailed views of internal organs and tissues in animals. Improved optics and lighting systems have also contributed to better visualization during procedures, ensuring accurate diagnosis and treatment planning.
   
• Furthermore, the integration of video recording and image management systems allows for the documentation and sharing of findings, facilitating collaboration among veterinary specialists and improving patient care.
   
• Thus, as technology continues to evolve, with innovations such as miniaturization, wireless connectivity, and augmented reality, the market is poised for further growth, driven by the increasing adoption of advanced veterinary healthcare practices worldwide.
   

Veterinary Video Endoscopes Market Analysis

Based on product, the market is segmented into equipment, consumables/accessories, and PACS software. The equipment segment dominated the market in 2023 and accounted for USD 68 million.
 

• The equipment segment holds a substantial market share in the market, driven by the increasing adoption of advanced and specialized medical devices in veterinary practices worldwide.
   
• Additionally, increasing demand for high-quality imaging and diagnostic capabilities, coupled with technological advancements in endoscopic equipment, has significantly contributed to the segment's dominance.
   
• Moreover, the growing prevalence of complex veterinary conditions necessitating precise and minimally invasive interventions has further fueled the market for advanced veterinary video endoscopic equipment.

Based on animal type, the veterinary video endoscopes market is segmented into small animals and large animals. The small animals segment held a market share of 64.8% in 2023.
 

• Small animal segment commands a substantial market share in the market, driven by the increasing focus on companion animal health and wellness globally. This segment primarily includes endoscopic procedures performed on dogs, cats, and other small pets for diagnosis, treatment, and monitoring of various medical conditions.
   
• The rising pet ownership rates, coupled with growing awareness among pet owners about advanced veterinary care options, have significantly boosted the demand for veterinary video endoscopes in this segment.
   
• Additionally, advancements in veterinary medicine have expanded the scope of endoscopic procedures available for small animals, ranging from gastrointestinal and respiratory examinations, further boost the market growth.
   

Based on application, the veterinary video endoscopes market is segmented into diagnostic and surgical. The diagnostic segment dominated the market in 2023 and is anticipated to grow at a CAGR of 7.6% between 2024 - 2032.
 

• Veterinary video endoscopes are pivotal tools in diagnosing gastrointestinal disorders, respiratory diseases, urinary tract abnormalities, and other internal health issues in animals.
   
• Additionally, technological advancements in endoscopic imaging systems have further bolstered the diagnostic capabilities, offering veterinarians high-definition visuals and enhanced maneuverability within the animal's body.
   
• As veterinary clinics and hospitals continue to prioritize early detection and comprehensive diagnostics, the diagnostic segment of the market is poised for continued growth and innovation.
   

Based on procedure, the veterinary video endoscopes market is segmented into respiratory, abdominal /GI tract, urogenital, ENT, and other procedures. The abdominal /GI tract segment dominated the market in 2023 and is anticipated to reach USD 85 million by 2032.
 

• The abdominal/GI tract segment commands a substantial market share in the market due to high prevalence of gastrointestinal disorders and the critical role of endoscopic procedures in their diagnosis and treatment.
   
• Veterinary video endoscopes are essential tools for examining the gastrointestinal tract of animals, allowing veterinarians to visualize and assess abnormalities such as inflammation, ulcers, tumors, and foreign bodies.
   
• Advanced endoscopic technologies, including high-definition imaging and flexible endoscope designs, have significantly enhanced the precision and effectiveness of procedures within the abdominal/GI tract segment, thereby propelling market growth.
   

Based on end-user, the veterinary video endoscopes market is segmented into veterinary hospitals & clinics, veterinary diagnostic centers, and other end-users. The veterinary hospitals & clinics segment dominated the market in 2023 with a revenue of USD 63.2 million.
 

• Veterinary hospitals and clinics utilize endoscopic equipment to perform minimally invasive examinations and treatments, including procedures for gastrointestinal, respiratory, urinary tract, and reproductive system disorders in animals.
   
• These facilities are key adopters of veterinary video endoscopes due to their capability to provide specialized care and services for a wide range of animal health conditions.
   
• Moreover, advancements in endoscopic technology, coupled with the need for efficient workflow management and patient care, have spurred investments in state-of-the-art equipment by veterinary hospitals and clinics worldwide, thus fostering overall market growth.

North America veterinary video endoscopes market was valued at USD 53.5 million in 2023 and is anticipated to reach USD 101.8 million by 2032.
 

• North America holds a significant market share in the market, driven by factors such as robust adoption of advanced veterinary technologies, high pet ownership rates, and strong veterinary healthcare infrastructure.
   
• The region's prominent market position is further bolstered by increasing expenditures on pet healthcare and a growing trend towards companion animal welfare.
   
• Moreover, the presence of key market players and ongoing research and development initiatives in veterinary medicine contribute to the continuous advancement of endoscopic technologies tailored for animal care in the region.
   

U.S. veterinary video endoscopes market is anticipated to grow at a CAGR of 7.5% between 2024 - 2032.
 

• The country's leadership in the market is underscored by widespread adoption of cutting-edge veterinary diagnostic and therapeutic equipment, including video endoscopes, across veterinary clinics, hospitals, and specialty practices.
   
• The U.S. market benefits from a robust regulatory framework that supports innovation and the introduction of new medical devices in veterinary medicine.
   
• Moreover, rising demand for minimally invasive procedures to improve diagnostic accuracy and treatment outcomes for pets has spurred continuous advancements in endoscopic technologies, thus facilitating robust growth in the country.
   

Germany is anticipated to witness robust growth in the global veterinary video endoscopes market.
 

• The country boasts a well-developed veterinary healthcare infrastructure, advanced technological capabilities, and a strong emphasis on animal welfare.
   
• German veterinary practices are increasingly adopting minimally invasive procedures, including endoscopic techniques, to enhance diagnostic precision and therapeutic outcomes for companion animals.
   
• Additionally, growing pet ownership rates and rising expenditures on veterinary care further contribute to the expansion of the market.
   

Asia Pacific region will exhibit high significant growth over the forecast period.
 

• The region is experiencing rapid urbanization and economic development, leading to an increase in pet ownership and spending on veterinary care. As disposable incomes rise, more pet owners are seeking advanced diagnostic and therapeutic options for their animals.
   
• Further, advancements in healthcare infrastructure and technology adoption in countries like China, Japan, South Korea, and India are facilitating the integration of sophisticated veterinary medical equipment, including video endoscopes, into veterinary practices.
   
• Moreover, government initiatives supporting animal welfare and healthcare improvements further bolster market growth.
   

Veterinary Video Endoscopes Market Share

The competitive landscape in the market is characterized by the presence of numerous global and regional players striving to enhance their market positions through innovation and strategic initiatives. Leading companies such as Karl Storz, Olympus Corporation, and Fujifilm dominate the market with their extensive product portfolios, advanced technology, and strong distribution networks. These key players are heavily investing in research and development to introduce cutting-edge endoscopic solutions, enhancing imaging capabilities and improving ease of use.
 

Veterinary Video Endoscopes Market Companies

Prominent players operating in the veterinary video endoscopes industry include:

• Advanced Monitors Corporation
• Biovision Veterinary Endoscopy, LLC
• Dr. Fritz Endoscopes GmbH
• Eickemeyer
• eKuore
• Fujifilm
• Firefly Global
• KARL STORZ SE & Co. KG
• MDS Incorporated
• Olympus Corporation
• Steris
   

Veterinary Video Endoscopes Industry News:

• In March 2024, NTT Corporation (NTT) and Olympus Corporation (Olympus) announced that the two companies have jointly begun a demonstration experiment of a cloud endoscopy system that enables image processing on the cloud. This will help overcome the current constraints of processing performance in endoscopic equipment, enhance system maintainability, and enable a flexible and swift market response.
   
• In July 2020, eKuore launched a new APP- eKuore Vet to integrate its lineup of veterinary devices including stethoscopes, cardiac monitors, and digital otoscopes, thus enhancing its offerings.
   

The veterinary video 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

• Equipment
• Consumables/accessories
• PACS software

Market, By Animal Type

• Small animals
• Large animals

Market, By Application

• Diagnostic
• Surgical

Market, By Procedure

• Respiratory
• Abdominal /GI tract
• Urogenital
• ENT
• Other procedures

Market, By End-user

• Veterinary hospitals & clinics
• Veterinary diagnostic centers
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa