According to The Insight Partners market research study titled ‘Veterinary Endoscopes Market to 2027 – Global Analysis and Forecasts by Product Type, Application, Procedure, End User and Geography’. The global veterinary endoscopes market is expected to reach US$ 478.84 Mn in 2027 from US$ 268.82 Mn in 2018. The market is estimated to grow with a CAGR of 6.7% from 2019-2027. The report highlights the trends prevalent in the global veterinary endoscopes market and the factors driving the market along with those that act as challenges to its growth.
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The major players operating in the veterinary endoscopes market include, Olympus Corporation, Biovision Veterinary Endoscopy, LLC, Dr. Fritz, MEDIT INC, FUJIFILM Holdings Corporation, Harvard Apparatus, Shanghai Aohua Photoelectricity Endoscope Co., Ltd., Infiniti Medical, KARL STORZ SE & Co. KG, and Welch Allyn.
Global the veterinary endoscopes market is segmented on the basis of product type, application, procedures and end user. The market based on product type segment is classified as capsule endoscopes, flexible endoscopes and rigid endoscopes. On the basis application the market is segmented as diagnostic and surgical. Based on the procedure the market is classified as bronchoscopy, cystoscopy, gastrointestinal, laparoscopy, otoscopy, and other procedure types. And on the basis of end user the market is divided into veterinary clinic, veterinary hospitals and other end users.
Research Report Highlights:
- Market Dynamics
- Market Scope
- Market Trends And Outlook
- Key Opportunities
- Competitive Landscape
- Value Chain Analysis
- Regional Framework
- Market Segments And Sub-Segments
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Advantages of the capsule endoscopes such as easy administration, capturing of high resolution and 360 degree diagnostic images of the entire gastrointestinal tract enable a veterinary doctor to diagnose GI disease faster and efficiently. Also, various companies are entering the capsule endoscopes segment, for instance, a European company Infiniti Medical developed ALICAM, which is ambulatory light-based imaging (ALI) capsule endoscopy devices. The device helps to visualize the detailed diagnosis of pets during their normal day.
The global veterinary endoscopes market by product type segments was led by rigid endoscopes. In 2018, the rigid endoscopes accounted for the largest market share in the global veterinary endoscopes market. The growth of rigid endoscopes is expected to grow due to advantages of minimally invasive procedures for the animals. However, the flexible endoscopes segment is estimated to mark the highest CAGR in the market during the forecast period, owing to the better visibility due to light source of flexible endoscope, increasing technological development that is enabling the early detection of diseases in animals.
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