The global veterinary video endoscopy market is poised for impressive growth, with an estimated valuation of approximately USD 266.5 million in 2023. According to a recent market analysis, the industry is expected to experience a robust compound annual growth rate (CAGR) of 8.7% over the next decade, leading to a projected market worth of USD 613.8 million by 2033.
This notable expansion is driven by several pivotal factors. The increasing incidence of animal diseases and the growing array of available treatment options are key contributors to the market’s upward trajectory. As veterinary care evolves and becomes more sophisticated, the demand for minimally invasive diagnostic tools like video endoscopes is on the rise.
The surge in pet ownership across both developed and emerging economies further fuels this growth. With companion animals increasingly regarded as integral members of many households, the demand for advanced medical care—including video endoscopy procedures—is intensifying. Pet owners are now seeking more comprehensive and precise diagnostic tools to ensure the health and well-being of their animals.
The market report underscores that the projected growth through 2033 will surpass historical trends, reflecting the dynamic changes in animal healthcare. As veterinary professionals and pet owners alike recognize the benefits of early and accurate diagnosis, the adoption of video endoscopy technology is set to grow steadily.
This expansion in the veterinary video endoscopy market represents a significant advancement in animal healthcare, offering enhanced diagnostic capabilities and improved treatment outcomes for pets around the globe.
Key Takeaways from the Veterinary Video Endoscopy Market Study Report
- The United States contributed up to 35% of the revenue generated by veterinary video endoscopy services globally. Furthermore, along with the implementation of insurance policies for pet animals, its share is anticipated to strengthen further.
- The increasing pet population and health concerns are expected to drive the adoption of veterinary endoscopes in Asia.
- Among applications, veterinary video endoscopy for diagnostic purposes is projected to contribute to higher revenue than other segments. This segment is expected to grow at a CAGR of 8.2% until the end of the forecast years.
- Revenue through veterinary video endoscopy for small animals segment is expected to grow at a CAGR of 8.2% through 2033.
- The veterinary video endoscope by flexible endoscopes is projected to witness some significant growth in the next ten years. In contrast, the rigid endoscopes segment held the second spot in the analysis report in terms of year-on-year growth through 2033.
- Due to the advancement and availability of many minimally invasive surgical procedures, surgical endoscopy popularity is growing these days.
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Competitive Landscape for the Veterinary Video Endoscopy Market Players
The emergence of many big and small veterinary video endoscopy service providers has made the market fragmented in the last few years. To grow their coverage, market participants are concentrating on putting strategic initiatives into practice such as product development, and portfolio expansion.
Apollo Endosurgery, Inc. is a leader in the field of minimally invasive gastrointestinal and bariatric surgical instruments. Zhuhai Seesheen Medical Technology Co., Ltd., for example, is a Chinese firm that supplies and markets medical endoscopes globally. It also designs and develops endoscopes for veterinary bronchoscopy, rhinolaryngoscopy, and ureteroscopy which are popular products from this company.
Recent Developments by the Veterinary Video Endoscopy Industries
- In July 2020, eKuore updated the eKuore Vet app to successfully coordinate its selection of veterinary gadgets, including heart monitors, and digital otoscopes. Steris’ is a flagship wireless veterinary video endoscope system developed by this Company which is called the Endo-i system.
- OmniVision Company unveiled a novel image sensor for both disposable and reusable endoscopes named OH02B in November 2022. This new device has a 2 MP resolution which is expected to increase the market competitiveness of the market.
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:
- Endoscopy Equipment
- Endoscopy Accessories or Consumables
- Endoscopy PACs
- Other Solutions
Endoscopy Industry by Product Type:
- Flexible Endoscopes
- Rigid Endoscopes
- Capsule Endoscopes
- Robot-assisted Endoscopes
- Other Products
Endoscopy Industry by Animal type:
- Big Animals
- Small Animals
- Companion Animals
- Livestock Animals
- Other Animals
Endoscopy Industry by Application:
- Diagnostic Applications
- Surgical or Interventional Applications
Endoscopy Industry by Procedure:
- Gastroduodenoscopy
- Colonoscopy
- Bronchoscopy
- Male Urethrocystoscopy
- Tracheoscopy
- Laparoscopy
- Otoscopy
- Rhinoscopy
- Thoracoscopy
- Arthroscopy
- Other Endoscopy procedures
Endoscopy Industry by End-users:
- Video Endoscopy at Veterinary Clinics
- Video Endoscopy at Veterinary Hospital
- Endoscopy at Academic Institutes
- Endoscopy at Other End-users
Endoscopy Industry by Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- Middle East and Africa (MEA) Market
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