The veterinary video endoscopes are used for bronchoscopy, gastroscopy, and duodenoscopy in small and big companion animals as well as livestock. Veterinary video endoscopes can therefore help veterinary practices by promoting healthier clientele and boosting income.
Endoscopes are used for things to be removed from the stomach and intestine, feeding tube placement, and exams and biopsies of the gastrointestinal tract, upper airway, and stomach. Needle-shaped endoscopes are also used for exploratory examinations and inspections of the liver, pericardium, and other abdominal and thoracic organs.
According to SPER market research, ‘Global Veterinary Video Endoscopy Market Size- By Component, Deployment Model, By Application, By End User -Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Veterinary Video Endoscopy Market is predicted to reach USD 0.23 billion by 2033 with a CAGR of 7.98%.
Minimally Invasive Surgery is becoming more popular: The minimally invasive process of video endoscopy, which is unquestionably less invasive than veterinary surgery, permits intervention through a very narrow operating channel that allows the examiner to look inside an organ or bodily cavity and obtain diagnostic information. This approach is beneficial in the treatment of cancer and inflammatory illnesses in animals.
Growing Electronics Demand: The veterinarian can watch the results up close and in real time on a color TV screen, Windows PCs, laptops, and tablets using video endoscopic technologies.
Expensive/Strong Equipment: Video endoscopic equipment is more expensive because it is outfitted with potent video cameras and often requires anesthetic to suit the special needs of animal healthcare. These sophisticated pieces of equipment typically need extensive research and development, which raises the overall cost of the product. The endoscope also requires specific laptops, carts, and video processors, all of which have high acquisition and maintenance expenses. These elements add up to more costly procedures, particularly in wealthy countries such as the US, UK, Germany, Japan, and the US, where costs are currently between USD 800 and USD 2,000.
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The COVID-19 pandemic reduced demand and sales, which hurt the veterinary video endoscopy market. This resulted from supply chain issues, postponed or canceled medical treatments, fewer veterinary appointments, and transportation constraints. In an AVMA 2020 survey, 18% of responding veterinary practice owners stated that they were only getting emergency cases as a result of the illness epidemic and the quarantine limitations that followed. While 60% of practitioners reported that cancellations of appointments were due to the epidemic.
Veterinary Video Endoscopy Market Key Players:
Furthermore, The growing pet insurance coverage is expected to propel the veterinary video endoscopy market in North America, which is expected to hold the biggest share of 36% by 2036. Plans for pet insurance that cover medical care and services from any veterinarian certified in the US have helped many pet owners in the area lower their vet fees and have also improved access to video endoscopy, educated physicians, and pet insurance compliance. Additionally, some of the market key players are Advanced Monitors Corporation, Biovision Veterinary Endoscopy LLC, Dr. Fritz Endoscopes GmbH, Eickemeyer, eKuore, Firefly Global, KARL STORZ SE & Co. KG, MDS.
Global Veterinary Video Endoscopy Market Segmentation:
By Solution: Based on the Solution, Global Veterinary Video Endoscopy Market is segmented as; Equipment, Accessories/Consumables, PACS.
By Animal Type: Based on the Animal Type, Global Veterinary Video Endoscopy Market is segmented as; Small Animals, Large Animals.
By Application: Based on the Application, Global Veterinary Video Endoscopy Market is segmented as; Diagnostic, Surgical/Interventional.
By Procedure: Based on the Procedure, Global Veterinary Video Endoscopy Market is segmented as; Respiratory, Abdominal/ GI Tract, Urogenital, ENT, Others.
By End User: Based on the Procedure, Global Veterinary Video Endoscopy Market is segmented as; Veterinary Clinics & Hospitals.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Veterinary Video Endoscopy Market Future Scope
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The newly added Veterinary Endoscopy market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the veterinary endoscopy market include ESS, Inc., Fujifilm Holdings Corporation, Harvard Bioscience Infiniti Medical, HOYA Corporation, Jorgen Kruuse A/S, KARL STORZ SE & Co. KG, Olympus Corporation, Richard Wolf GmbH and STERIS plc.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Veterinary Endoscopy Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/veterinary-endoscopy-market/download-sampleMarket DynamicsRise in cases of anthrax, foot and mouth disease, and other infectious diseases within pets are promoting the adoption of endoscopy in veterinary medicine.
On the other hand, high cost of veterinary devices coupled within lack of skilled professionals is expected to hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Global Veterinary Endoscopy Market devices were USD 153 Million in 2017, and it is estimated to grow at a CAGR of 6.4 % from 2017 to 2024.Veterinary endoscopy device is an instrument that is used to look inside the body.
It is mainly used for diagnosis or surgery purposes to identify and cure the injured area.The major factor driving the veterinary endoscopy market is the increase in the adoption rate of equivalent animals particularly cats and dogs per households.
In addition to this, it is the animal health expenditure together with the rapid development in the animal healthcare infrastructure that has boosted the overall market size.
Increasing demand for pet animals worldwide and rise in incidences of gastrointestinal ailments among pet animals are a few other driving factors for Global Veterinary Endoscopy Market.Global Veterinary Endoscopy Market is segmented by product type, procedure, animal type, end user, and region.
Global veterinary endoscopy market devices have the predominant usage in hospitals, and clinics were pets are brought for treatment.The companion animal segment is anticipated to hold the major market share in 2016 and the growth is also expected to be high during the forecast period.
The growth can be attributed to the advantages offered at a hospital which includes a cost-effective solution and suitable care provided according to health needs as well as increasing patient’s preference for healthcare.The major players in the market are Endoscopy Support Services (US), Biovision Veterinary Endoscopy (US), Welch Allyn (US), Dr. Fritz (Germany), KARL STORZ (Germany), Fujifilm (Japan), Olympus (Japan), Eickemeyer (Germany), B. Braun (Germany), and STERIS (UK).Considering the regional segments, the North America market held the highest market share in 2016 and holds potential for strong growth in the upcoming years as well.
