What is Veterinary Endoscopy?
According to the data published by Healthy Paws, Gastrointestinal (GI) diseases receives more than 200,000 incidents each year, amongst which stomach issues and skin conditions are among the most common ailments for both cats and dogs. A Veterinary endoscope is a flexible, rigid, ingestible, robot-assisted in nature and can be used to examine internal organs. These endoscopes are deployed for diagnostic or surgical purpose in order to identify and cure the lesion area. Further, with the increasing prevalence of GI infections among pet populations and rising pet humanization the market is anticipated to foster in the forecast period.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Karl Storz Se & Co. Kg (Germany), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), Eickemeyer Veterinary Equipment Ltd. (United Kingdom), B. Braun Melsungen AG (Germany), Steris PLC (Ireland), Endoscopy Support Services (United States), Biovision Veterinary Endoscopy (United States) and Welch Allyn (United States) |
CAGR | 5.89% |
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Veterinary Endoscopy market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Karl Storz Se & Co. Kg (Germany), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), Eickemeyer Veterinary Equipment Ltd. (United Kingdom), B. Braun Melsungen AG (Germany), Steris PLC (Ireland), Endoscopy Support Services (United States), Biovision Veterinary Endoscopy (United States) and Welch Allyn (United States) are some of the key players that are part of study coverage.
The market study is broken down by Type (Flexible Endoscopy, Rigid Endoscopy and Robot Assisted Endoscopy), by Application (Hospitals & Academic Institutes and Clinics) and major geographies with country level break-up.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Veterinary Endoscopy market by Type, Application and Region. On the basis of Type, Flexible Endoscopy are dominating the market in the year 2021
On the basis of geography, the market of Veterinary Endoscopy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. If we see Market by Procedure, the sub-segment i.e. Bronchoscopy will boost the Veterinary Endoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Animal Type, the sub-segment i.e. Companion Animals will boost the Veterinary Endoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
October 2017, Olympus has launched its Unifia System, an endoscope documentation, workflow and asset management software platform that helps staff supervisors, infection prevention champions and supply chain managers to have greater visibility into the utilization, cleaning, reprocessing and storage of the flexible endoscopes in their departments.
KARL STORZ has amassed a wealth of experience in human endoscopy that few manufacturers can match. With this knowledge and and in collaboration with veterinarians at universities and at veterinary clinics and practices, the company has developed endoscopy systems for all areas of veterinary medicine.
Market Trend
- Increasing Demand for Minimally Invasive Procedures among Pets
- Growing Animal Health Expenditure by Pet Owners
Market Drivers
- Increasing Prevalence of Gastrointestinal (GI) Parasitic Infections in Animals
- Rising Adoption Rate of Pets as a Companion
- Increasing Number of Pet Health Insurance
- Escalating Use of Endoscopes in Diagnosing GI Infections
Opportunities
- Growing Number of Pet Population in Developed and Under Developed Countries
Restraints
- High Cost of Veterinary Endoscope Procedures and Devices such as Video Endoscopes may hamper the Market Growth
Challenges
- Limited Number of Skilled Veterinarians is posing a Challenge for the Market
Key Target Audience
Veterinary Endoscopes Manufacturers, Industry Association, Downstream Vendors, Marketing & Consulting Firms, Venture Capitalists, Government & Regulatory Bodies and Traders/Suppliers & Distributors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.