Veterinary Video Endoscopy Market Segment By Top Manufacturers, Marketing Channel, Global Regions And Forecast Research 2023 to 2033

BySanket Badgujar
Market Research

Future Market Insights (FMI) finds that global sales of Veterinary Video Endoscopy Market in 2022 were nearly US$ 245.2 million. While countries such as the United States, the United Kingdom, and China, held a significant share of the global veterinary endoscope market.

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.

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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.

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.

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