The global veterinary endoscopy market is on track to achieve a valuation of approximately USD 266.5 million in 2023, with forecasts indicating robust growth at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2033. According to the latest market report from Future Market Insights (FMI), the overall market is expected to reach USD 613.8 million by the end of the forecast period.
A significant driver of this growth is the increasing demand for diagnostic applications in veterinary medicine. The diagnostic segment is anticipated to be the highest revenue-generating area within the veterinary video endoscope market, with an absolute dollar opportunity of nearly USD 216 million projected between 2023 and 2033.
Veterinary endoscopes play a crucial role in various medical procedures, including gastrointestinal investigations, upper airway examinations, and stomach biopsies. They are also instrumental in retrieving foreign objects from the gastrointestinal tract and placing feeding tubes. Moreover, needle-shaped endoscopes are employed for exploratory evaluations of the liver, pericardium, and other abdominal and thoracic organs, further enhancing their utility in veterinary practice.
Endoscopes help in gastrointestinal, upper airways, and stomach investigations and biopsy, retrieval of items from the gastro intestine, and placing feeding tubes. Needle-shaped endoscopes are also used to perform exploratory evaluations and surveys of the liver, pericardium, and other abdominal and thoracic organs
The veterinary video endoscopes are designed for gastroscopy, bronchoscopy, and duodenoscopy in small and big companion animals as well as livestock. So, veterinary video endoscopes can benefit the veterinary practice by encouraging healthier clients and bringing in even more revenue.
Veterinarians are also referring to veterinary endoscopy as an alternative treatment for surgeries that may push the market further. For example, the Point Grey Veterinary Hospital in Vancouver utilizes fiber optic endoscopes to examine gastric, tracheal, and colonic areas.
Key Companies Profiled
Steris; MDS Incorporated; Firefly Global; eKuore; KARL STORZ SE & Co. KG; Advanced Monitors Corporation; Dr. Fritz Endoscopes GmbH; Zhuhai Seesheen Medical Technology Co., Ltd.; Biovision Veterinary Endoscopy, LLC; Eickemeyer
Key Segments in Veterinary Video Endoscopy Industry Analysis Report
Veterinary Video Endoscopy Industry by Solutions:
- Veterinary Video Endoscopy Equipment
- Veterinary Video Endoscopy Accessories or Consumables
- Veterinary Video Endoscopy PACs
- Other Solutions
Veterinary Video Endoscopy Industry by Product Type:
- Veterinary Video Endoscopy by Flexible Endoscopes
- Veterinary Video Endoscopy by Rigid Endoscopes
- Veterinary Video Endoscopy by Capsule Endoscopes
- Veterinary Video Endoscopy by Robot-assisted Endoscopes
- Veterinary Video Endoscopy by Other Products
Veterinary Video Endoscopy Industry by Animal type:
- Veterinary Video Endoscopy for Big Animals
- Veterinary Video Endoscopy for Small Animals
- Veterinary Video Endoscopy for Companion Animals
- Veterinary Video Endoscopy for Livestock Animals
- Veterinary Video Endoscopy for Other Animals
Veterinary Video Endoscopy Industry by Application:
- Veterinary Video Endoscopy for Diagnostic Applications
- Veterinary Video Endoscopy for Surgical or Interventional Applications
Veterinary Video Endoscopy Industry by Procedure:
- Veterinary Video Gastroduodenoscopy
- Veterinary Video Colonoscopy
- Veterinary Video Bronchoscopy
- Veterinary Video Male Urethrocystoscopy
- Veterinary Video Tracheoscopy
- Veterinary Video Laparoscopy
- Veterinary Video Otoscopy
- Veterinary Video Rhinoscopy
- Veterinary Video Thoracoscopy
- Veterinary Video Arthroscopy
- Other Veterinary Video Endoscopy procedures
Veterinary Video Endoscopy Industry by End-users:
- Video Endoscopy at Veterinary Clinics
- Video Endoscopy at Veterinary Hospital
- Veterinary Video Endoscopy at Academic Institutes
- Veterinary Video Endoscopy at Other End-users
Veterinary Video Endoscopy Industry by Region:
- Veterinary Video Endoscopy Industry in North America Market
- Veterinary Video Endoscopy Industry in Latin America Market
- Veterinary Video Endoscopy Industry in Europe Market
- Veterinary Video Endoscopy Industry in East Asia Market
- Veterinary Video Endoscopy Industry in South Asia and Pacific Market
- Veterinary Video Endoscopy Industry in Middle East and Africa (MEA) Market
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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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