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    Veterinary Endoscopy Market Report

    Veterinary Endoscopy Market Report
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    Global Veterinary Endoscopy Market, Dynamics, and Market Analysis
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    Impact of COVID-19 on Veterinary Endoscopy Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Veterinary Endoscopy Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Veterinary Endoscopy Market is projected to grow from USD 170.2 million in 2020 to USD 238.7 million by 2026 at a CAGR of over 5.8% during the forecast period.

    Figure: Global Veterinary Endoscopy Market Size, 2020-2026 (USD Million)

    Veterinary-Endoscopy-Market-Forecast

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    What is a Veterinary Endoscope?

    An endoscope is a device, which comprises a flexible tube with a video camera attachment that is inserted into the stomach or any other part of the body via the colon or mouth of the animals. Most commonly, veterinary endoscopy is performed for diagnostic purposes, such as sampling abnormalities and visualization. Although, it can also be used for therapeutic purposes as it is termed interventional endoscopy.

    Key Players

    Key players operating in the global veterinary endoscopy market are-

    • Karl Storz Veterinary Endoscopy (The U.S),
    • FUJIFILM Corporation (Japan),
    • Biovision Veterinary Endoscopy, LLC (The U.S),
    • Dr. Fritz Endoscopy GmbH (Germany),
    • STERIS Instrument Management Services, Inc (The U.S),
    • DRE Veterinary (The U.S),
    • PENTAX Medical (Japan),
    • Richard Wolf GmbH (Germany),
    • Medtronic Plc (Ireland), and
    • B. Braun Melsungen AG (Germany).

    Market Dynamics

    Increasing the use of endoscopy in the treatment of gastrointestinal diseases as well as surging veterinary endoscopy training programs further boosts the market growth. Also, growing companion animal adoption and the rising trend of minimally invasive procedures further augment the demand for veterinary endoscopy. Moreover, the growing demand for capsule endoscopy and an increasing number of veterinary practitioners are likely to offer immense growth opportunities to the market players. However, the high cost of veterinary endoscopes and the rising cost of pet care are likely to hamper the industry growth.

    Segment Analysis

    Animal Type Trends

    Based on animal type, the global veterinary endoscopy market has been bifurcated into companion and livestock.

    • Among these, the companion animals segment witnessed the highest market share in 2020 and is likely to grow at a healthy CAGR during the forecast timeline.
    • This is mainly ascribed to the rising awareness about animal health among pet parents, increasing use of veterinary endoscopy for the diagnosis of gastrointestinal diseases in companion animals, growing pet healthcare expenditure, and the surging companion animal population worldwide.

    Regional Trends

    By region, the North American market accounted for the largest market share in 2020 and is estimated to grow at a steady CAGR during the assessment period.

    • This can be attributed to rising pet healthcare insurance, increasing adoption of companion animals, and improved veterinary healthcare infrastructure in the region are driving the market in North America.
    • Moreover, the presence of key market players, as well as strong funding for R&D activities, further propels regional growth.

    COVID-19 Impact on Global Veterinary Endoscopy Market

    The ongoing COVID-19 pandemic has negatively affected the veterinary endoscopy industry. Government bodies across the globe are focusing to curb the COVID-19 with stringent measures, such as social distancing, nationwide lockdowns, and large-scale quarantine to prevent the spread of the coronavirus. Due to the outbreak of the coronavirus disease COVID-19, the veterinary visits were either cancelled or postponed, which, in turn, hampered the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the global veterinary endoscopy market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global veterinary endoscopy market?
    • What are the key strategies adopted by the major vendors to lead in the global veterinary endoscopy market?
    • What is the market share of the top vendors?

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    Target Audience

    • Veterinary endoscopy companies
    • Veterinary clinics
    • Hospitals
    • Pharmaceutical companies
    • R&D organizations

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The veterinary endoscopy market size is expected to reach USD 238.7 million in the foreseeable future.

    Karl Storz Veterinary Endoscopy (The U.S), FUJIFILM Corporation (Japan), Biovision Veterinary Endoscopy, LLC (The U.S), Dr. Fritz Endoscopy GmbH (Germany), STERIS Instrument Management Services, Inc (The U.S), DRE Veterinary (The U.S), PENTAX Medical (Japan), Richard Wolf GmbH (Germany), Medtronic Plc (Ireland) and B. Braun Melsungen AG (Germany) are among the key players in the veterinary endoscopy market.

    The veterinary endoscopy market is expected to witness an impressive growth of 5.8% CAGR in the coming years.

    North America accounted for the largest share in the veterinary endoscopy market in 2020.

    The companion animals segment is expected to witness a healthy CAGR in the veterinary endoscopy market during the forecast period.

    Increasing the use of endoscopy in the treatment of gastrointestinal diseases as well as surging veterinary endoscopy training programs, growing companion animal adoption and the rising trend of minimally invasive procedures, growing demand for capsule endoscopy and an increasing number of veterinary practitioners are the factors driving the growth of veterinary endoscopy market.

    Veterinary endoscopy companies, Veterinary clinics, Hospitals, Pharmaceutical companies, R&D organizations are the target audience in the veterinary endoscopy market.

    •