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Veterinary Video Endoscopes Market – By Product (Equipment, PACS Software), Animal Type (Small, Large), Application (Diagnostic, Surgical), Procedure (Abdominal /GI Tract, Respiratory, ENT, Urogenital), End-user (Veterinary Hospitals, Clinics) – Global Forecast 2024 – 2032
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Veterinary Video Endoscopes Market
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Base Year: 2023
Companies covered: 11
Tables & Figures: 324
Countries covered: 22
Pages: 190
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Veterinary Video Endoscopes Market Size
Veterinary Video Endoscopes Market size was valued at USD 130.3 million in 2023 and is anticipated to witness growth at a CAGR of 7.8% from 2024 and 2032. The veterinary market is experiencing significant growth, driven primarily by increasing pet ownership globally, leading to higher demand for advanced veterinary care and diagnostic procedures.
Moreover, rising prevalence of gastrointestinal and respiratory diseases in animals has necessitated the use of endoscopic procedures for accurate diagnosis and effective treatment planning. For instance, as per the American Veterinary Medical Association, more than 10% of all new veterinary visits are related to gastrointestinal (GI) disease in dogs and cats. Additionally, growing awareness among pet owners regarding the benefits of early detection of diseases and the availability of specialized veterinary services have further bolstered the market for veterinary video endoscopes. These factors combined are fostering a favorable environment for market expansion, with ongoing innovations expected to continue driving growth in the foreseeable future.
Veterinary video endoscopes are specialized medical devices used in veterinary medicine for minimally invasive diagnostic and therapeutic procedures. They consist of a flexible or rigid tube with a small camera and light source at the tip, allowing veterinarians to visualize and examine internal organs, cavities, and tissues of animals. The images captured by the camera are displayed on a monitor in real-time, enabling precise examination and diagnosis without the need for more invasive surgical procedures. Veterinary video endoscopes are essential tools in the diagnosis and treatment of various conditions in animals, including gastrointestinal disorders, respiratory issues, and urinary tract abnormalities.
Veterinary Video Endoscopes Market Trends
Veterinary Video Endoscopes Market Analysis
Based on product, the market is segmented into equipment, consumables/accessories, and PACS software. The equipment segment dominated the market in 2023 and accounted for USD 68 million.
Based on animal type, the veterinary video endoscopes market is segmented into small animals and large animals. The small animals segment held a market share of 64.8% in 2023.
Based on application, the veterinary video endoscopes market is segmented into diagnostic and surgical. The diagnostic segment dominated the market in 2023 and is anticipated to grow at a CAGR of 7.6% between 2024 - 2032.
Based on procedure, the veterinary video endoscopes market is segmented into respiratory, abdominal /GI tract, urogenital, ENT, and other procedures. The abdominal /GI tract segment dominated the market in 2023 and is anticipated to reach USD 85 million by 2032.
Based on end-user, the veterinary video endoscopes market is segmented into veterinary hospitals & clinics, veterinary diagnostic centers, and other end-users. The veterinary hospitals & clinics segment dominated the market in 2023 with a revenue of USD 63.2 million.
North America veterinary video endoscopes market was valued at USD 53.5 million in 2023 and is anticipated to reach USD 101.8 million by 2032.
U.S. veterinary video endoscopes market is anticipated to grow at a CAGR of 7.5% between 2024 - 2032.
Germany is anticipated to witness robust growth in the global veterinary video endoscopes market.
Asia Pacific region will exhibit high significant growth over the forecast period.
Veterinary Video Endoscopes Market Share
The competitive landscape in the market is characterized by the presence of numerous global and regional players striving to enhance their market positions through innovation and strategic initiatives. Leading companies such as Karl Storz, Olympus Corporation, and Fujifilm dominate the market with their extensive product portfolios, advanced technology, and strong distribution networks. These key players are heavily investing in research and development to introduce cutting-edge endoscopic solutions, enhancing imaging capabilities and improving ease of use.
Veterinary Video Endoscopes Market Companies
Prominent players operating in the veterinary video endoscopes industry include:
Veterinary Video Endoscopes Industry News:
The veterinary video endoscopes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product
Market, By Animal Type
Market, By Application
Market, By Procedure
Market, By End-user
The above information is provided for the following regions and countries: