Veterinary Endoscopy Devices Market Size is anticipated to grow at a lucrative CAGR from 2022 to 2028. These devices help veterinary professionals in the examination of a body cavity or an organ and enable the procurement of diagnostic information. While gastrointestinal (GI) endoscopy is most commonly used in veterinary medicine, endoscopes can be also be utilized for the investigation of multiple body systems. Some of these procedures comprise colonoscopy, tracheoscopy, male dog urethrocystoscopy, esophagoscopy, bronchoscopy, rhinoscopy, arthroscopy, and others.
The flexible endoscopes segment is expected to record substantial growth in the veterinary endoscopy devices market through 2028. This rise is attributed to the growing adoption of videoendoscopes and fiberscopes for a range of purposes. The high demand for fiberscopes is on account of their increased portability and reduced cost. On the other hand, videoendoscopes are popular due to their superior image quality. The rising deployment of flexible endoscopes for navigating the complex anatomy of the GI tract is a major contributor to segment expansion over the forthcoming years.
The veterinary hospitals segment is estimated to register considerable proceeds through the forecast period driven by the availability of sophisticated endoscopes, trained veterinarians, and pet insurance compliance in these settings. The segmental growth is further credited to the escalating preference to veterinary hospitals for the treatment and diagnosis of numerous gastrointestinal disorders and increasing awareness regarding the same in developed countries.
North America veterinary endoscopy devices market share is projected to record commendable expansion between 2022 and 2028 owing to an increase in the establishment of diagnostic centers by various regional players. For instance, in February 2021, FUJIFILM Medical Systems U.S.A., Inc., introduced its first complete VXR Veterinary X-Ray Room. The company’s new X-ray room mainly targets veterinarians who want to transition to low-dose, high quality x-rays with an easy to use, versatile, affordable, and easy to install system.
Major players across the veterinary endoscopy devices market comprise Fujifilm Holdings Corporation, Biovision Veterinary Endoscopy, LLC., Olympus Corporation, DRE Veterinary (Avante Animal Health), Karl Storz SE & Co. KG, STERIS, Dr. Fritz GmbH, Pentax Medical, Welch Allyn, Infiniti Medical, and others. These companies are taking a keen interest in the adoption of strategic moves such as mergers, acquisitions, partnerships, collaborations, and product developments for establishing a strong foothold in the industry.
For instance, in June 2021, Infiniti Medical sponsored the Virtual 2021 ACVIM Forum, which comprised four training sessions that were presented by internationally recognized vet professionals. The sponsorship is an indicator of the company’s continued support to the veterinary field as well as the organization. Similar initiatives are predicted to boost the market expansion during the forecast period.
The SARS-CoV-2 pandemic has led to an increase in the formulation of PPE (personal protective equipment) usage guidelines for veterinary centers. The steps have been taken for preventing the spread of pathogens among patients. Other prominent factors responsible for the introduction of such guidelines comprise the protection of veterinary personnel during aerosol-generating procedures, protection from zoonotic pathogens, preventing the contamination of sterile surgical sites, and others.
These aspects are expected to propel the development of innovative and technologically advanced veterinary endoscopy services for ensuring the safety of both, patients and vets, through the pandemic period and beyond.
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