Global Veterinary Endoscopes Market: Snapshot

An endoscope, is an instrument which is used to look inside the body. An endoscopes may be flexible, rigid, ingestible, and robot assisted, which can be used to examine bladder, abdomen, esophagus and other internal organs. It is used for diagnostic or surgical purpose in order to identify and cure lesion area. Rapid rise in pet population worldwide, growing incidences of gastrointestinal diseases among the animals, and increasing demand for minimally invasive procedures for the pets are the main factors that drive the market of veterinary endoscopes. On the other hand, high cost of veterinary endoscope procedure, and limited number of veterinarians may depress the growth of the same market.

global veterinary endoscopes market

Flexible Endoscopes Witness Highest Demand Backed by Rising Application in Gastrointestinal Endoscope Procedures

Based on product type, the global veterinary endoscopes market is classified into flexible, rigid, capsule and robot assisted endoscopes. The flexible segment claimed the largest market share in 2016 followed by other segments. Wide application in the gastrointestinal endoscopy procedures makes the flexible endoscopes segment as the leading contributor in the global veterinary endoscopes market. The flexible endoscopes segment, further categorized into fiberoptic and video endoscopes. The fiberoptic endoscopes segment is projected to account for a major market share. The fiberoptic endoscopes is highly pliable, cost effective, and provide direct viewing facility to the doctors.

In terms of application, the global veterinary endoscopes market has been segmented into diagnostic and surgical. The diagnostic segment is expected to hold the major market share in 2016 owing to the gastrointestinal problem among pet is increasing and is very difficult to find the actual cause of the disease in the pet without the internal examination. In terms of procedure, the global veterinary endoscopes market has been segmented into gastrointestinal, laparoscopy, bronchoscopy, otoscopy, cystoscopy and others. Gastrointestinal segment is anticipated to claim the higher share compared to the other segment this is due to the high prevalence of gastric disorders among animals.  According to a Journal of Veterinary Medicine and Animal Health 2013, the prevalence's of gastrointestinal parasitic infection in tethered animals is very high and every year, the gastrointestinal parasitic infection effected many cattle's throughout the globe. Hence, the market share of the gastrointestinal endoscopy procedure is predominant over other segments and is expected to grow during the forecast period.

Based on animal type, the market has been segmented into companion animal and livestock animal segment. The companion animal segment is anticipated to hold the major market share in 2016 and the market growth is also expected to be high during forecast period. Increasing adoption rate of companion animals particularly cats and dogs per households is the major factor which drives the companion animal endoscopes market.   

By end-user type, the global veterinary endoscopes market is segmented into veterinary hospitals, veterinary clinics, and others. Veterinary hospitals segments claims the major share and show remarkable market attractiveness in the forecast period. The availability of sophisticated endoscopes, trained veterinarians, and moreover, the hospitals are compliant with pet insurance are the key drivers for the growth of the veterinary endoscopes segment.

Favorable Reimbursement Policies Support Market’s Expansion in North America

Geographically, the global veterinary endoscopes market is categorized into the North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North America market held the highest market share in 2016 and holds potential for exhibiting strong growth in the coming years. However, the Asia Pacific market is likely to exhibit a promising growth in the forecast period. Factors such as the presence of numerous veterinary hospitals and clinics, implementation of favorable reimbursement policies, and affordable treatment cost are the key factors boosting the market for veterinary endoscopes in North America. On the other hand, the adoption of companion animals and the growing awareness about pet insurance and its benefit will enable the Asia Pacific market exhibit lucrative opportunities during the forecast period.  

The key players operating in the global veterinary endoscopes market are Harvard Bioscience Infiniti Medical, Olympus Corporation, Fujifilm Holdings Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, STERIS plc.,ESS, Inc., Jorgen Kruuse A/S, HOYA Corporation (PENTAX Medical). However, the global market is dominated by few major players operating worldwide.

Global Veterinary Endoscopes Market: Overview

This report on the veterinary endoscopes market analyzes the current and future scenario of the global market. Growing number of pet adoption, rising prevalence of different diseases among animals, and introduction of novel technologies are the major drivers of the global veterinary endoscopes market during the forecast period. On the other hand, the deficiencies of skilled vet technician, high cost of endoscopy procedure and high cost of equipment like video endoscopes, may depress the growth of the same market.     

The global veterinary endoscopes market report comprises a detailed elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the country’s market with respect to the segments based on product type, application, animal type, procedure type and end users. An elaborated qualitative analysis of drivers and restraints, opportunities, and trends has been provided in the market overview section. This section also provides market attractiveness analysis in terms of country, thus presenting a thorough analysis of the overall competitive scenario in the global veterinary endoscopes market.

Global Veterinary Endoscopes Market: Key Segments

Based on product, the global veterinary endoscopes market is classified into flexible, rigid, capsule and robot assisted endoscopes. The flexible endoscopes segment is further classified into fiberoptic and video endoscopes. The market segments have been analyzed based on awareness of pet treatment, actual percentage accessing pet insurance policies for treatment, requirement of product types, costs, and medical scenarios.  The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGR for the forecast period from 2017 to 2025, considering 2016 as the base year.

Based on application, the market has been segmented into diagnostic and surgeries. In term of procedure type, the market has been segmented into gastrointestinal, bronchoscopy, laparoscopy, otoscopy, cystoscopy and others. Based on animal type, the veterinary endoscopes market segment into companion and livestock. The companion segment further segmented into equine, canine and feline. Likewise, the livestock segment further categorized into bovine, ovine, porcine and poultry. The market segments have been extensively analyzed based on adoption of pet, incidence of different abnormality in animals, cost of the endoscopy procedure, and medical reimbursements. The market size and forecast in terms of value (US$ Mn) and volume (No. of Procedures) for each segment have been provided for the period from 2015 to 2025. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year. On the basis of end-users, the market has been segmented into veterinary hospitals, veterinary clinics, and others. The end-user segmentation has been done on the basis of usage of different type of veterinary endoscope and for what purpose endoscopes is uses in those centers.

Global Veterinary Endoscopes Market: Regional Outlook

Geographically, the global veterinary endoscopes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

Companies Mentioned in Report

The report also profiles major players in the global veterinary endoscopes market based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. The key players operating in the global veterinary endoscopes market are Harvard Bioscience, Infiniti Medical, Olympus Corporation, Fujifilm Holdings Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, STERIS plc, ESS, Inc., Jorgen Kruuse A/S, and HOYA Corporation (PENTAX Medical).

The global veterinary endoscopes market is segmented as follows:

Global Veterinary Endoscopes Market, by Product Type (Value & Volume)

  • Flexible Endoscopes
    • Fiber Optic Endoscopes
    • Video Endoscopes
  • Rigid Endoscopes
  • Capsule Endoscopes
  • Robot Assisted Endoscopes

Global Veterinary Endoscopes Market, by Application (Value & Volume)

  • Diagnostic
  • Surgical

Global Veterinary Endoscopes Market, by Animal (Value & Volume)

  • Companion
    • Canine
    • Feline
    • Equine
  • Livestock
    • Bovine
    • Ovine
    • Porcine
    • Poultry

Global Veterinary Endoscopes Market, by Procedure (Value & Volume)

  • Gastrointestinal
  • Laparoscopy
  • Bronchoscopy
  • Otoscopy
  • Cystoscopy
  • Others

Global Veterinary Endoscopes Market, by End-user (Value & Volume)

  • Veterinary Hospitals
  • Veterinary Clinics
  • Other

Global Veterinary Endoscopes Market, by Region (Value & Volume)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & Africa (MEA)
    • South Africa
    • GCC Countries
    • Israel
    • Rest of MEA