Global Veterinary Endoscopes (Rigid, Flexible) Market Size, Share, Trend Analysis and Forecast, 2016-2020 and 2021-2028
Dublin, Dec 23, 2021 (GLOBE NEWSWIRE) – The “Veterinary Endoscopes Market Size, Share and Trend Analysis Report by Type (Rigid, Flexible), by Animal Type, by Application (Diagnostic, Surgical), By Procedure, By Region, And Segment Forecasts, 2021-2028 “report has been added to ResearchAndMarkets.com offer.
The global veterinary endoscopes market size is expected to reach USD 314.2 million by 2028 and is expected to increase at a significant CAGR of 6.6% from 2021 to 2028.
The main factors driving the growth include increasing diagnostic and intervention procedures in companion and farm animals and technological advancements.
The COVID-19 pandemic has had a negative impact on the market. Manufacturers and other market players have experienced weak demand and sales due to several challenges such as supply chain bottlenecks, reduced sales and marketing activities, and movement restrictions. The containment measures implemented at national and regional levels, in particular, have led to a reduction in the volume of patients in hospitals and veterinary clinics. This has dampened the demand for veterinary equipment, especially endoscopes.
According to an April 2020 survey conducted by the American Veterinary Medical Association of veterinary practice owners, almost all respondents experienced a decrease in client traffic. Practice owners reported an estimated average monthly cash flow shortfall of approximately $ 17,000 due to declining revenues and costs incurred to ensure business continuity. However, patient volume and sales started to pick up in the second half of 2020, as movement restrictions were relaxed.
Technological advancements in veterinary endoscopes and increasing demand for less painful and minimally invasive procedures for pets by animal parents are expected to fuel the market growth during the forecast period. The German company KARL STORZ SE & Co. KG, for example, offers a wide range of rigid and flexible veterinary endoscopes that include large animal video endoscopes, a Hopkins telescope, an EquiVeo video endoscope, uretero-reno-fiberscopes, otoscopes , small animal fiberscopes, a hysteroscope, versatile rigid telescopes and more. These endoscopes are designed to meet the needs of different procedures and in animals of different sizes.
Highlights of the Veterinary Endoscopes Market Report
Rigid endoscopes dominated the market by type in 2020, while the others segment is expected to increase the fastest CAGR of 8.4% during the forecast period.
This is due to the increasing use of veterinary endoscopes in laparoscopies and endoscopies of the gastrointestinal tract and the demand for endoscopes that can be easily maneuvered to reach animal body cavities.
Point Gray Veterinary Hospital in Vancouver, Canada, for example, uses a fiber optic endoscope to endoscopy areas such as the stomach, trachea, and colon without resorting to surgery. Common procedures performed using an endoscope include examining and biopsying the stomach and gastrointestinal tract, retrieving objects from the stomach, placing catheters in the stomach. diet and examination of the upper respiratory tract.
By animal type, large animals held the largest share of over 50% of the market in 2020. The small animal segment, on the other hand, is expected to grow at the fastest CAGR over the next few years.
This can be attributed to factors such as increased animal health problems, pet-related expenses, and the humanization of pets.
North America dominated the market in terms of region due to the presence of a large number of hospitals and veterinary clinics offering endoscopy as part of their service offerings.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Variables, Trends and Scope of Veterinary Endoscopes Market
Chapter 4 Impact assessment of COVID-19
Chapter 5 Veterinary Endoscopes Market: Segment Analysis, by Type, 2016-2028 (USD Million)
Chapter 6 Veterinary Endoscopes Market: Segment Analysis, by Animal Type, 2016-2028 (USD Million)
Chapter 7 Veterinary Endoscopes Market: Segment Analysis, by Application, 2016-2028 (USD Million)
Chapter 8 Veterinary Endoscopes Market: Segment Analysis, by Procedure, 2016-2028 (USD Million)
Chapter 9 Veterinary Endoscopes Market: Regional Market Analysis 2016-2028 (USD Million)
Chapter 10 Veterinary Endoscopes Market Competitive Analysis
Chapter 11 Veterinary Endoscopes Market – Company Profiles
KARL STORZ SE & Cie KG
Society of Advanced Instructors
Dr. Fritz Endoscopes GmbH
Zhuhai Seesheen Medical Technology Co., Ltd.
Veterinary Endoscopy Biovision, LLC
For more information on this report, visit https://www.researchandmarkets.com/r/o21mx8
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