The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
The global veterinary endoscopy market size is expected to reach USD 387.7 Million at a steady revenue CAGR of 6.5% in 2032, according to latest analysis by Emergen Research. Newer technological advancements in the industry such as increasing applications of capsule endoscopy is expected to drive steady market revenue growth in the forecast period. For instance, capsule endoscopy may be employed to do noninvasive diagnostics on gastrointestinal tract disorders in medium to big breed dogs. In veterinary medicine, minimally invasive diagnostics are a growing and much-needed trend. This is an excellent choice for pet owners who are wary of intrusive procedures but want to study gastrointestinal issues in their pets.
Rising costs of pet care is one the major factors restraining market revenue growth. Veterinary care expenditures are growing. Expenditures for veterinary services increased by 10% in 2021, the largest increase in the previous 20 years. Medical supplies, lab testing expenses, and drugs are all on the rise. Well over 70% of dog parents have seen increased prices for food, toys, and veterinarian appointments, and 73% are concerned that prices are expected to continue to rise.
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As well as new entrants in the Veterinary Endoscopy market. It focuses on the recent mergers acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
Some major companies in the global market report include KARL STORZ, Olympus Corporation, FUJIFILM Corporation, Eickemeyer, B. Braun SE, STERIS, ESS, Inc., Biovision Veterinary Endoscopy, LLC, Welch Allyn, Dr. Fritz Endoscopes GmbH.
Market Scope:
One of the report’s central components is the broad Veterinary Endoscopy market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Reports Highlights:
- On 28 January 2022, IMV Technologies has purchased VES Custom Optics (VESCO), a well-known veterinary endoscopy firm based in the United Kingdom. In the companion animal sector, VESCO will join IMV Imaging, IMV Technologies veterinary ultrasonography and diagnostic equipment division. VESCO's presence in the UK and Ireland has grown progressively in recent years, with the company offering both flexible and rigid endoscopes for horses and small animals.
- Flexible endoscopes segment is expected to account for largest revenue share during the forecast period. These endoscopes are becoming more popular as a consequence of their greater accessibility and mobility in a variety of applications such as foreign body removal, rhinoscopy, biopsies, and cystoscopy. In addition, fiberscopes are less expensive and more portable, which is driving product demand.
- Companion segment is expected to account for largest revenue share during the forecast period. Increasing pet healthcare expenditures, increased identification of gastrointestinal illnesses utilizing veterinary endoscopes, and worldwide pet population growth are some of the factors driving revenue growth of the segment.
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The global Veterinary Endoscopy market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Veterinary Endoscopy sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global veterinary endoscopy market on the basis of product type, animal type, end-use, and region:
· Product Type Outlook (Revenue, USD Million; 2019–2032)
- Flexible Endoscopes
- Fiber Optic Endoscopes
- Video Endoscopes
- Rigid Endoscopes
- Others
· Animal Type Outlook (Revenue, USD Million; 2019–2032)
- Companion
- Livestock
· End-Use Outlook (Revenue, USD Million; 2019–2032)
- Veterinary Hospitals
- Veterinary Clinics
- Others
Regional Bifurcation of the Veterinary Endoscopy Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Radical Features of the Veterinary Endoscopy Market Report:
- The report encompasses Veterinary Endoscopy market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Veterinary Endoscopy industry
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