A Closer Look at Veterinary Video Endoscopy Market: A Journey towards US$ 613.8 Million with 8.7% CAGR

According to the global Veterinary Video Endoscopy Market analysis report the valuation is expected to be around US$ 266.5 million in 2023. With a CAGR of 8.7%, the projected market growth through 2033 is expected to be significantly higher than the historical growth. Furthermore, the net worth of the market is poised to reach US$ 613.8 million by the end of this forecast period.

Surging incidences of animal diseases and treatment options are the major factors maintaining the veterinary endoscopy market growth. Another factor spurring market growth is increasing pet or companion animal ownership in advanced as well as developing economies.

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The pandemic had a significant impact on veterinary endoscope sales, causing low demand for veterinary endoscopes in 2020-21. It was primarily caused by supply chain issues, postponed or canceled veterinary procedures, reduced veterinary visits, and movement restrictions.

Key Takeaways from the Veterinary Video Endoscopy Market Study Report

• The United States contributed up to 35% of the revenue generated by veterinary video endoscopy services globally. Furthermore, along with the implementation of insurance policies for pet animals, its share is anticipated to strengthen further.
• The increasing pet population and health concerns are expected to drive the adoption of veterinary endoscopes in Asia.
• Among applications, veterinary video endoscopy for diagnostic purposes is projected to contribute to higher revenue than other segments. This segment is expected to grow at a CAGR of 8.2% until the end of the forecast years.
• Revenue through veterinary video endoscopy for small animals segment is expected to grow at a CAGR of 8.2% through 2033.
• The veterinary video endoscope by flexible endoscopes is projected to witness some significant growth in the next ten years. In contrast, the rigid endoscopes segment held the second spot in the analysis report in terms of year-on-year growth through 2033.
• Due to the advancement and availability of many minimally invasive surgical procedures, surgical endoscopy popularity is growing these days.

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Competitive Landscape for the Veterinary Video Endoscopy Market Players

The emergence of many big and small veterinary video endoscopy service providers has made the market fragmented in the last few years. To grow their coverage, market participants are concentrating on putting strategic initiatives into practice such as product development, and portfolio expansion.

Apollo Endosurgery, Inc. is a leader in the field of minimally invasive gastrointestinal and bariatric surgical instruments. Zhuhai Seesheen Medical Technology Co., Ltd., for example, is a Chinese firm that supplies and markets medical endoscopes globally. It also designs and develops endoscopes for veterinary bronchoscopy, rhinolaryngoscopy, and ureteroscopy which are popular products from this company.

Recent Developments by the Veterinary Video Endoscopy Industries

• In July 2020, eKuore updated the eKuore Vet app to successfully coordinate its selection of veterinary gadgets, including heart monitors, and digital otoscopes. Steris’ is a flagship wireless veterinary video endoscope system developed by this Company which is called the Endo-i system.
• OmniVision Company unveiled a novel image sensor for both disposable and reusable endoscopes named OH02B in November 2022. This new device has a 2 MP resolution which is expected to increase the market competitiveness of the market.

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Key Companies Profiled:

• Steris
• MDS Incorporated
• Firefly Global
• eKuore
• KARL STORZ SE & Co. KG
• Advanced Monitors Corporation
• Dr. Fritz Endoscopes GmbH
• Zhuhai Seesheen Medical Technology Co., Ltd.
• Biovision Veterinary Endoscopy, LLC
• Eickemeyer

Key Segments in Veterinary Video Endoscopy Industry Analysis Report

Veterinary Video Endoscopy Industry by Solutions:

• Veterinary Video Endoscopy Equipment
• Veterinary Video Endoscopy Accessories or Consumables
• Veterinary Video Endoscopy PACs
• Other Solutions

Veterinary Video Endoscopy Industry by Product Type:

• Veterinary Video Endoscopy by Flexible Endoscopes
• Veterinary Video Endoscopy by Rigid Endoscopes
• Veterinary Video Endoscopy by Capsule Endoscopes
• Veterinary Video Endoscopy by Robot-assisted Endoscopes
• Veterinary Video Endoscopy by Other Products

Veterinary Video Endoscopy Industry by Animal type:

• Veterinary Video Endoscopy for Big Animals
• Veterinary Video Endoscopy for Small Animals
• Veterinary Video Endoscopy for Companion Animals
• Veterinary Video Endoscopy for Livestock Animals
• Veterinary Video Endoscopy for Other Animals

Veterinary Video Endoscopy Industry by Application:

• Veterinary Video Endoscopy for Diagnostic Applications
• Veterinary Video Endoscopy for Surgical or Interventional Applications

Veterinary Video Endoscopy Industry by Procedure:

• Veterinary Video Gastroduodenoscopy
• Veterinary Video Colonoscopy
• Veterinary Video Bronchoscopy
• Veterinary Video Male Urethrocystoscopy
• Veterinary Video Tracheoscopy
• Veterinary Video Laparoscopy
• Veterinary Video Otoscopy
• Veterinary Video Rhinoscopy
• Veterinary Video Thoracoscopy
• Veterinary Video Arthroscopy
• Other Veterinary Video Endoscopy procedures

Veterinary Video Endoscopy Industry by End-users:

• Video Endoscopy at Veterinary Clinics
• Video Endoscopy at Veterinary Hospital
• Veterinary Video Endoscopy at Academic Institutes
• Veterinary Video Endoscopy at Other End-users

Veterinary Video Endoscopy Industry by Region:

• Veterinary Video Endoscopy Industry in North America Market
• Veterinary Video Endoscopy Industry in Latin America Market
• Veterinary Video Endoscopy Industry in Europe Market
• Veterinary Video Endoscopy Industry in East Asia Market
• Veterinary Video Endoscopy Industry in South Asia and Pacific Market
• Veterinary Video Endoscopy Industry in Middle East and Africa (MEA) Market

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

Patient Portal Market:  The global patient portal market is estimated at USD 3 Billion in 2021 and is expected to secure USD 3.6 Billion by 2022. The market is projected to procure USD 22.29 Billion by 2032 while expanding at a staggering double-digit CAGR of 20% during the forecast period from 2022 to 2032.

Bariatric Surgery Devices Market: The bariatric surgery devices market is growing at a moderate pace with a CAGR of 6.2% during the forecast period 2022 to 2032.

Mammography Market: The anticipated size of the mammography market in 2022 was US$ 1,741.2 million and is estimated to be US$ 1,880.2 million in 2023.

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