Veterinary Endoscopes Market
Veterinary Endoscopes Market (Product - Flexible Endoscopes (Fiber Optic Endoscopes and Video Endoscopes), Rigid Endoscopes, Capsule Endoscopes, and Robot Assisted Endoscopes; Application - Diagnostic Endoscopes and Surgical Endoscopes; Procedure - Gastrointestinal, Bronchoscopy, Laparoscopy, Otoscopy, and Cystoscopy; Animal Type - Companion (Equine, Canine, and Feline), Livestock (Bovine, Ovine, Porcine, and Poultry); End User- Veterinary Hospitals, Veterinary Clinic, and Academic Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Press Release :
- According to Transparency Market Research’s latest report on the global veterinary endoscopes market for the historical period 2017–2018 and forecast period 2019–2027, rapid rise in pet population worldwide is projected to drive the global veterinary endoscopes market during the forecast period
- According to the report, the global veterinary endoscopes market was valued at US$ 458.3 Mn in 2018 and is anticipated to expand at a CAGR of 7.1% from 2019 to 2027
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Growing incidences of gastrointestinal diseases among the animals: Key Drivers
- Gastrointestinal parasitism infections is one of the major problem in both companion and livestock animals causing oedema, pain, diarrhoea and death also. According to the All-island Animal Disease Surveillance report 2017, digestive tract diseases such as inflammation of the intestine and scour account for more than 40% of all cattle deaths and the prevalence of gastrointestinal disease is expected to rise in near future.
- A rise in pet population with gastrointestinal problem are more willing to undergo endoscopies surgeries and diagnosis at veterinary hospitals and clinic. This is expected to increase the number of endoscopy procedures thus propelling growth of the veterinary endoscopes market.
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Increasing demand for minimally invasive procedures for the pets Boost Market Growth
- Endoscopy devices have evolved over the years owing to product enhancements and application of video imaging technology. Manufacturers in this industry are achieving innovation in animals care through integration of enhanced animals diagnosis and surgery. This has enabled veterinarian to practice and deliver customized services to patients (animal).
- The technological advancement in the endoscopes helps the veterinarian to approach less invasive surgery. Moreover, growing concern and aware among the pet owners around the worldwide about pain resulting from the traditional surgical approach help the veterinarian doctors to go for minimal invasive approach which causes less trauma to the animals and allow quick recovery time.
High cost of veterinary endoscope procedure to Hamper Market
- Endoscopes devices are largely used for health applications, particularly by animals suffering from digestive disorder, respiratory problem etc. To examine the disease condition doctor have to carry out the endoscopy procedure through the help of endoscope.
- However, the high cost of these procedure remains a major issue, especially in emerging economies. Thus, high cost acts as a major barrier in the adoption of endoscope devices. The cost of the endoscopy procedure generally charged by the veterinarian doctors that are being currently ranges from US$ 800 to US$ 2,000 and otoscopy around US$ 2,500 depending on the site of the treatment, animal condition and the anesthesia used..
Global Veterinary Endoscopes Market: Competitive Landscape
- This report profiles major players in the global veterinary endoscopes market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
- The global veterinary endoscopes market is highly fragmented, with the presence of a number of international as well as regional players
- Leading 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),
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Global Veterinary Endoscopes Market: Key Developments
Key players in the global veterinary endoscopes market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global veterinary endoscopes market. A few expansion strategies adopted by players operating in the global veterinary endoscopes market are:
- In 2014, Harvard Bioscience acquired Multi Channel System GmbH, a manufacturer and developer of electrophysiology instruments for extracellular recording and stimulation. This acquisition provides additional support to Harvard Bioscience’s product portfolio under the in vitro & in vivo electrophysiology segment.
- In 2014, Harvard Bioscience acquired Triangle BioSystems Inc., a manufacturer and marketer of wireless neural interface equipment. Triangle BioSystems Inc.’s products are especially used in the fields of electrophysiology, psychology, neurology, and pharmacology. This acquisition would support the line of neuroscience products, which is currently offered by Harvard Bioscience’s wholly owned subsidiaries viz. Panlab and Coulbourn Instruments.
The report on the global veterinary endoscopes market discussed individual strategies, followed by company profiles of manufacturers of Veterinary Endoscopes. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global Veterinary Endoscopes market.
TMR’s report on the global veterinary endoscopes market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global veterinary endoscopes market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global veterinary endoscopes market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global veterinary endoscopes market.
Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global veterinary endoscopes market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global veterinary endoscopes market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global veterinary endoscopes market.
The report delves into the competitive landscape of the global veterinary endoscopes market. Key players operating in the global veterinary endoscopes market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global veterinary endoscopes market that have been profiled in this report.
Key Questions Answered in Global Veterinary Endoscopes Market Report
- What is the scope of growth of product companies in the global veterinary endoscopes market?
- What will be the Y-o-Y growth of the global veterinary endoscopes market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global veterinary endoscopes market?
- Will North America continue to be the most profitable market for veterinary endoscopes providers?
- Which factors are anticipated to hamper the growth of the global veterinary endoscopes market during the forecast period?
- Which are the leading companies in the global veterinary endoscopes market?
A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global veterinary endoscopes market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary methods referred to by analysts during the production of the global Veterinary Endoscopes market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the veterinary endoscopes market as primary methods.
These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the Veterinary Endoscopes market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global Veterinary Endoscopes market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global veterinary endoscopes market more reliably and accurately.
Regional Segmentation of Veterinary Endoscopes Market
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Global Veterinary Endoscopes Market – Segmentation