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Veterinary Endoscopy Devices Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI4038

Veterinary Endoscopy Devices Market Size

Veterinary Endoscopy Devices Market size will register significant growth between 2024 and 2032, fueled by increasing pet ownership rates worldwide. As more households welcome furry companions into their homes, the need for minimally invasive veterinary procedures grows. 
 

For instance, in February 2024, according to worldanimalfoundation.org, globally, nearly 373 million felines and 471 million canines are cherished as beloved companions in households across the world. Surprisingly, Russia leads the world in cat ownership with an impressive 59% rate. In Europe alone, approximately 91 million households, accounting for 46% of total households, provide loving homes to a variety of pets. According to the European Pet Food Industry (EPFI), these figures underscore the significant role pets play in European households, enriching lives and bringing joy to millions.
 

Pet owners seek advanced medical care that minimizes discomfort and promotes faster recovery for their beloved animals. Endoscopy offers a non-invasive approach to diagnosing and treating various conditions in pets, aligning with the preferences of modern pet owners. This rising demand underscores the pivotal role of veterinary endoscopy devices in enhancing animal healthcare.
 

The veterinary endoscopy devices market is experiencing heightened demand, propelled by significant technological advancements in endoscopy by industry leaders. Leading companies are investing in research and development to enhance endoscopic techniques, resulting in more advanced and efficient devices. These innovations enable veterinarians to perform minimally invasive procedures with greater precision and effectiveness. With cutting-edge technology at their disposal, veterinary professionals can offer pet owners state-of-the-art diagnostic and treatment options, driving the growing demand for veterinary endoscopy devices worldwide. 
 

For instance, in March 2021, OmniVision introduced its most compact medical CMOS image sensor and corresponding wafer-level camera module, facilitating deeper endoscopic procedures into the tiniest anatomical structures. This advancement facilitates medical devices to penetrate deeper into the body for a wide range of procedures, including neurology, otolaryngology, ophthalmology, cardiology, spinal surgery, gynecology, urology, and arthroscopy, as well as dental and veterinary diagnostics and surgeries.
 

The veterinary endoscopy devices market faces several restraints despite its promising growth. Challenges include the high cost of endoscopic equipment, which can limit access to smaller veterinary practices. Additionally, the specialized training required to perform endoscopic procedures may pose a barrier for some veterinarians. Regulatory requirements and standards also add complexity to the adoption of new endoscopic technologies. Moreover, concerns about potential complications and risks associated with endoscopy procedures may lead to hesitation among pet owners and veterinarians alike.
 

Veterinary Endoscopy Devices Market Trends

The market is experiencing notable trends as government organizations increasingly adopt endoscopy for animal safety and care. Regulatory bodies worldwide are recognizing the benefits of endoscopic techniques in veterinary medicine, promoting their use for diagnostic and therapeutic purposes. As a result, there's a growing emphasis on incorporating endoscopy into veterinary healthcare protocols to enhance animal welfare and improve treatment outcomes. This shift reflects a broader recognition of the importance of advanced medical technologies in safeguarding the health and well-being of animals.
 

To cite an instance, in July 2023, as part of the Odisha government's initiative to elevate Nandankanan Zoological Park (NZP) near Bhubaneswar to world-class standards, an operational endoscopy unit for animals was established. This state-of-the-art facility located within the zoo's veterinary hospital marked a significant milestone as the first of its kind in the state. Equipped with modern medical equipment such as thermal imaging cameras, portable X-ray machines, endoscopes, and ultrasound machines, it enables veterinarians to efficiently treat zoo animals. 
 

Veterinary Endoscopy Devices Market Analysis

Based on end-use, the hospital segment will record significant demand during the forecast period. The availability of modern endoscopes, skilled veterinarians, and compliance with pet insurance in these settings could strengthen the segment outlook. Rising popularity of veterinary clinics for the diagnosis and treatment of various gastrointestinal illnesses and the growing awareness of these disorders in developed nations will shape market trends.
 

In terms of product, the market is estimated to witness significant expansion from the flexible endoscopes segment. This increase is related to the expanding use of fiberscopes and video endoscopes across various applications. These devices exhibit enhanced portability and low cost. The segment will continue to grow in the coming years due to the increasing use of flexible endoscopes for navigating the complex anatomy of the GI tract.
 

Regionally, the North America veterinary endoscopy devices market is likely to expand by 2032 due to the rising pet population across countries like the U.S. and the increased development of new diagnostic centers by different regional competitors. According to the American Veterinary Medical Association (AVMA), in 2020, the population of pet cats was estimated to be between 60 million and 61.9 million in 2019, compared with 58.4 million recorded five years ago.
 

Veterinary Endoscopy Devices Market Share

Major companies operating in the veterinary endoscopy devices industry competitive landscape include:

  • Biovision Veterinary Endoscopy LLC.
  • Karl Storz SE & Co. KG
  • Olympus Corporation
  • DRE Veterinary (Avante Animal Health)
  • Pentax Medical
  • Welch Allyn
  • Infiniti Medical
  • Fujifilm Holdings Corporation
  • STERIS
  • Dr. Fritz GmbH
     

Veterinary Endoscopy Devices Industry News

In December 2021, Fujifilm India Pvt Ltd, renowned for its advancements in medical imaging and diagnostic technologies, partnered with A'alda Vet India Pvt Ltd to enhance pet healthcare services. This collaboration aimed to elevate veterinary care standards in India by equipping DCC (Dogs, Cats & Companions) Animal Hospital with cutting-edge medical and screening devices. Fujifilm India will contribute innovative products, including Digital Radiography, Endoscopy systems, IVD solutions, and MEDICAL IT, ensuring superior pet healthcare facilities at the DCC Animal Hospital.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Mariam Faizullabhoy

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