Global Veterinary Video Endoscopy Market Set to Reach USD 613.8 Million by 2033, Driven by Rising Pet Ownership and Advancements in Animal Care

The global veterinary video endoscopy market is on a robust growth trajectory, with an estimated valuation of approximately USD 266.5 million in 2023. According to a comprehensive market analysis, the industry is expected to experience a remarkable compound annual growth rate (CAGR) of 8.7% over the next decade, leading to a projected market worth of USD 613.8 million by 2033.

This significant growth is attributed to several key factors. The increasing incidence of animal diseases, coupled with the expanding array of treatment options, is a primary driver of the veterinary video endoscopy market. As veterinary care becomes more advanced, the demand for minimally invasive diagnostic tools, such as video endoscopes, continues to rise.

Additionally, the surge in pet ownership across both developed and emerging economies is further fueling market expansion. Companion animals, now considered integral members of many households, are receiving more comprehensive medical care, contributing to the sustained demand for veterinary endoscopy procedures.

The report highlights that this projected market growth through 2033 is expected to outpace historical trends, reflecting the evolving landscape of animal healthcare. As veterinary professionals and pet owners increasingly recognize the benefits of early and accurate diagnosis, the adoption of video endoscopy technology is anticipated to grow steadily.

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.

Get the Latest on Veterinary Video Endoscopy: Our Full Report Highlights Key Trends and Insights!

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.

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:

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

Endoscopy Industry by Product Type:

• Flexible Endoscopes
• Rigid Endoscopes
• Capsule Endoscopes
• Robot-assisted Endoscopes
• Other Products

Endoscopy Industry by Animal type:

• Big Animals
• Small Animals
• Companion Animals
• Livestock Animals
• Other Animals

Endoscopy Industry by Application:

• Diagnostic Applications
• Surgical or Interventional Applications

Endoscopy Industry by Procedure:

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

Endoscopy Industry by End-users:

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

Endoscopy Industry by Region:

• North America Market
• Latin America Market
• Europe Market
• East Asia Market
• South Asia and Pacific Market
• Middle East and Africa (MEA) Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube