July 16, 2020

Veterinary Endoscopes Market Estimated to Record Highest CAGR by 2027

  • 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.

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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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