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An endoscope is an instrument which is used to look deeply inside the body. Endoscopes may be flexible, rigid, capsule and robot assisted which can be used to examine the bladder, abdomen, and other internal organs. Currently, endoscopy has become a vital diagnostic tool in veterinary hospitals and clinics. It is used for diagnostic or surgical purpose in order to identify and cure the lesion area of the digestive tract. Gastrointestinal endoscopes facilities the investigation of chronic vomiting, haematemesis, etc.  

Based on product type, the global veterinary gastrointestinal endoscopes market can be bifurcated into flexible endoscopes, rigid endoscopes, capsule endoscopes and robot assisted endoscopes. The flexible endoscopes segment can be sub-classified into fiber optic and video endoscopes. The flexible endoscopes segment is likely to expand at a significant pace during the forecast period as compared to others. The advantage of a flexible endoscope is that it can be steered around the complicated portions. Moreover, flexible endoscopes allows a more thorough evaluation of the mucosa than other types of endoscopes. In term of procedure, the global veterinary gastrointestinal endoscopes market can be segmented into esophagogastroduodenoscopy and colonoscopy. The esophagogastroduodenoscopy segment is likely to expand at a rapid pace during the forecast period, due to high prevalence of gastric ulcer, possible foreign body obstruction, and chronic vomiting in animals. In terms of end user, the veterinary gastrointestinal endoscopes market can be segmented into veterinary hospitals, veterinary clinics, and others. The veterinary hospitals segment is likely to expand at a significant pace during the forecast period as these hospitals are well-equipped with sophisticated instruments and mentored by trained professionals. Moreover, veterinary hospitals offer services in providing customized endoscopy procedures suitable for different size of animals.

Growing prevalence of digestive disorders in animals is one of the most important factors fueling the market. According to Journal of Veterinary Medicine and Animal Health 2013, the prevalence of gastrointestinal parasitic infection in tethered animals is very high and every year, gastrointestinal parasitic infection affects cattle throughout the globe. However, medical risks pertaining to the usage of endoscopes such as bleeding from stomach walls during esophagogastroduodenoscopy and high cost of the procedure are likely to hamper the market in the next few years.

In terms of region, the global veterinary gastrointestinal endoscopes market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global market. The region is projected to hold a significant share of the global market during the forecast period due to increasing prevalence of gastrointestinal problems in animals and rapid rise in pet population in the region. Favorable reimbursement policies, increasing adoption of different types of endoscopes for advanced veterinary health care, and affordability of treatment cost are factors that boost the veterinary endoscopes market in Europe. On the other hand, the adoption of companion animals and the growing awareness about pet insurance and its benefit may be the prospective reasons for the Asia Pacific market becoming a promising market during the forecast period. Advancements in surgeries, increase in per capita income, and growing interest in veterinary care are likely to augment the market for veterinary gastrointestinal endoscopes in Middle East & Africa 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, and HOYA Corporation (PENTAX Medical).

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Veterinary Gastrointestinal Endoscopes Market