Veterinary Video Endoscopy Market Size, Share, Growth Trends And Forecast 2024

Published: 2024-09-10
Views: 47
Author: PoojaAgre
Published in: Business

The veterinary video endoscopy market is a growing sector within the veterinary healthcare industry. Video endoscopy is a minimally invasive diagnostic and therapeutic procedure that allows veterinarians to visualize the internal organs of animals. This technology is increasingly being used for the diagnosis and treatment of various diseases in small and large animals, owing to its effectiveness, reduced recovery time, and minimized patient discomfort.

Veterinary video endoscopy refers to the use of endoscopic equipment that integrates video technology for the diagnostic and therapeutic examination of internal organs in animals. This minimally invasive procedure allows veterinarians to view and assess the internal structures of animals in real-time, without the need for extensive surgical intervention. Video endoscopy utilizes a flexible or rigid tube with a camera (endoscope) that is inserted into the animal's body to provide detailed images of the gastrointestinal tract, respiratory system, reproductive organs, or other internal areas. The endoscopic images are displayed on a monitor, allowing the veterinarian to identify and diagnose a wide range of conditions such as gastrointestinal disorders, respiratory issues, foreign body ingestion, and more. This technology has become essential in modern veterinary practice due to its precision, safety, and the reduced recovery time it offers compared to traditional open surgery.

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The Key Market Players in the Veterinary Video Endoscopy Market Are Listed Below:

Karl Storz Endoscopy-America, Inc. (U.S.)
Stryker Corporation (U.S.)
Boston Scientific Corporation (U.S.)
Cook Medical (U.S.)
Arthrex, Inc. (U.S.)
ConMed Corporation (U.S.)
MedGyn Products, Inc. (U.S.)
Infiniti Medical (U.S.)
Eickemeyer Veterinary Equipment Inc. (U.S.)
Endoscopy Support Services, Inc. (U.S.)
DRE Veterinary (U.S.)
Smith’s Group plc (U.K.)
STERIS plc (U.K.)
Richard Wolf GmbH (Germany)
KARL STORZ SE & Co. KG (Germany)
ROCAMED (France)
XION GmbH (Germany)
ACUTRONIC Medical Systems AG (Switzerland)
Olympus Corporation (Japan)
Fujifilm Corporation (Japan)
Hoya Corporation (Japan)
PENTAX Medical (Japan)

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through an in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

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Market Drivers And Trends Analysis:

Increasing Demand for Minimally Invasive Procedures:

Veterinary practices are increasingly adopting minimally invasive procedures as they offer significant advantages over traditional surgery, such as reduced recovery time, less pain for animals, and minimal risk of complications. Video endoscopy allows veterinarians to diagnose and treat conditions without large incisions, making it a preferred choice among veterinarians and pet owners. This trend is driven by a growing emphasis on animal welfare and the desire to provide high-quality care.

Technological Advancements:

Advances in technology have significantly improved the capabilities of veterinary video endoscopy equipment. High-definition imaging, 3D visualization, and enhanced video processors now offer clearer and more detailed views of internal organs, helping veterinarians make accurate diagnoses. The development of more flexible, portable, and easy-to-use devices has also contributed to greater adoption among veterinary professionals. Innovations like wireless endoscopy cameras and compact endoscopy units are making the technology more accessible to smaller practices.

Opportunities in the Veterinary Video Endoscopy Market:

Product Innovation and Development: As the veterinary video endoscopy market evolves, there is a growing opportunity for companies to innovate and develop new products that cater to the specific needs of veterinarians. This includes the creation of more compact, affordable, and easy-to-use devices that can be integrated into smaller practices. Companies that focus on improving user experience, portability, and cost-effectiveness are well-positioned to capture market share.
Telemedicine and Remote Diagnostics: The rise of telemedicine and remote diagnostics presents a potential growth area for the veterinary video endoscopy market. Veterinarians can now share endoscopic images and videos with specialists for consultation, allowing for faster diagnosis and treatment, especially in rural or underserved areas. This capability can help improve access to advanced care and expand the market reach of video endoscopy.

Market Challenges:

High Cost of Equipment: One of the major challenges in the veterinary video endoscopy market is the high cost of purchasing and maintaining the equipment. This can be a barrier for smaller veterinary practices or clinics that may not have the resources to invest in these tools.
Lack of Skilled Professionals: Operating endoscopy equipment requires specialized training and expertise. The lack of skilled professionals, particularly in developing regions, limits the widespread adoption of this technology in veterinary practices.

The Veterinary Video Endoscopy Market Segmentation: Veterinary Video Endoscopy Market Segmented by Product Type, Procedure, Animal, Solutions, End User,

By Product Type

Capsule Endoscopes
Flexible Endoscopes
Rigid Endoscopes
Robot-Assisted Endoscopes

By Procedure

Glioblastoma Multiforme
Respiratory
Abdominal/ GI tract
Urogenital
ENT
Other Procedures

By Animal

Small
Large

By Solutions

Equipment
Accessories/Consumables
PACS

By End User

Hospitals
Clinics

Key Industry Development:

In January 2024, KARL STORZ and Well Lead Medical announced an Exclusive Agreement for the Distribution of the ClearPetra Stone-Removal System in the U.S. This collaboration integrates ClearPetra's suction-evacuation ureteral access sheath with KARL STORZ's advanced endoscopic visualization tools, enhancing urinary stone management solutions. The partnership aims to provide comprehensive and innovative options for healthcare professionals in urology, reinforcing KARL STORZ's commitment to advancing medical technology and patient care.

The following Regions Are Highlighted Veterinary Video Endoscopy Market Report:

North America (U.S., Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)

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Key Findings Of The Study :

North America is expected to dominate the market due to factors such as high pet ownership rates, advanced veterinary healthcare services, and the presence of key market players.
Small Animal Segment: The small animal segment significantly contributes to market growth, driven by increasing pet ownership, higher medical spending, and advancements in veterinary diagnostic technologies.
Abdominal/GI Tract Segment: This segment holds the largest share in the market, owing to its extensive use in diagnostic and interventional procedures for both small and large animals

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