The latest report by Future Market Insights highlights the impressive growth trajectory of the global veterinary endoscopes market. Valued at USD 245.2 million in 2022, the market is projected to witness a robust CAGR of 8.7% from 2022 to 2032, reaching a staggering USD 560.3 million by the end of the forecast period.
The surge in market value can be attributed to the growing adoption of video endoscopy systems in veterinary practices. These systems offer unparalleled benefits such as real-time image projection on digital screens, facilitating enhanced visualization during complex procedures. Video endoscopes are increasingly gaining traction for their versatile applications, notably in diagnosing conditions related to the upper respiratory tract, urethra, bladder, and even the sinuses in the brain.
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As veterinary practices continue to embrace advanced diagnostic technologies, the demand for high-quality endoscopic equipment is expected to rise significantly. The ability of video endoscopes to provide detailed, real-time images is revolutionizing veterinary diagnostics and treatment, leading to better patient outcomes and improved efficiency in veterinary care.
Future Market Insights’ report underscores the importance of technological advancements and innovation in driving the veterinary endoscopes market forward. With a promising future ahead, stakeholders in the veterinary industry are poised to benefit from the expanding capabilities and applications of endoscopic technology.
Key Takeaways from the Market Study:
- Global Veterinary Endoscopes market is expected to reach a market size of USD 560 Million by 2032.
- In 2022, North America is estimated to contribute more than 35% market revenue.
- Among application, Diagnostics contributes with maximum revenue growing at a CAGR of 9.9%.
- Small animal segment is expected to grow at the highest rate of 8.2% CAGR.
- Going by the country, US is expected to generate largest revenue of USD 190 Million by 2032.
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Competitive Landscape:
A number of regional and global players operate in this market. Some of the key players operating in the market include Steris, MDS Incorporated, Firefly Global, eKuore, and KARL STORZ SE & Co KG. Some of the recent developments of key Veterinary Endoscopes providers are as follows:
- In December 2020, Cantel Medical Corp and CENSIS TECHNOLOGY have announced a new long-term contract to combine Cantel Medical Corp’s premier endoscope reprocessing workflow portfolio with CENSIS’s surgical asset monitoring and instrument monitoring solutions.
- In December 2020, Apollo Endosurgery, Inc., a leader in the field of minimally invasive gastrointestinal and bariatric surgical instruments, announced approval from the U.S. Food and Drug Administration (FDA) for its X-TackTM Endoscopic HeliXTM Tacking System. This system contains sutures primarily designed for use in closing and repairing defects in the lower digestive tract with upper gastrointestinal tract applications.
More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Veterinary Endoscopes market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032. The study reveals essential insights on the basis of end users across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Market Segments Covered in Veterinary Endoscopes Industry Analysis:
By Type:
- Rigid
- Flexible
- Other Types
By Animal Type:
- Large Animals
- Small Animals
By Application:
- Surgical/ interventional
- Diagnostic
By Procedure Type:
- Respiratory Endoscopy
- Gastrointestinal tract Endoscopy
- Urinary & genital tract Endoscopy
- Abdominal Endoscopy
- ENT Endoscopy
- Other Procedure Types
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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