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Veterinary Video Endoscopy Market Research Report 2024

Veterinary Video Endoscopy Market Global Industry Analysis and Forecast (2023-2032) By Product Type (Capsule Endoscopes, Flexible Endoscopes, Rigid Endoscopes, Robot-Assisted Endoscopes), Procedure (Respiratory, Abdominal/ GI tract, Urogenital, ENT, Other Procedures), Animal (Small, Large), Solutions (Equipment, Accessories/Consumables, PACS. End User (Hospitals, Clinics) and Region

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Report ID: 359

Categories: Healthcare

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Summary TOC Segmentation Methodology

Veterinary Video Endoscopy Market Synopsis

Veterinary Video Endoscopy Market Size Was Valued at USD 220 Million in 2023 and is Projected to Reach USD 387.77 Million by 2032, Growing at a CAGR of 6.5% from 2024-2032.

Veterinary endoscopy involves the use of endoscopes to inspect and examine the internal organs of pets and animals. An endoscope is equipped with a video camera and is a bendable tube that is introduced into the animal's stomach via the mouth or the colon of the pet. It is generally utilized to diagnose abnormal swelling, inflammation, blockages, and ulcers in animals.

  • Veterinary endoscopes are vital in noticing diseases, analyzing symptoms, and navigating the internal body to improve the accuracy of disease treatment. These endoscopes are mainly applied for examining the ear, the bronchial tubes, the esophagus, the trachea, and the chest cavity. The speedy incorporation of imaging technology with veterinary healthcare is foremost to the creation of advanced systems that are improving diagnostic outcomes worldwide.
  • Veterinary endoscopy makes use of flexible, video, fiber-optic, rigid, and robotic endoscopes. It results in minimal pain and discomfort and carries a low risk. Therefore, veterinary endoscopies are commonly performed at pet clinics, veterinary hospitals, and academic institutions.
  • Endoscopy for diagnosis in the field of medicine is one of the most crucial uses of endoscopes. Dogs often have common external organ disorders which make endoscopy a perfect method of examination due to its easy access and superior visual image.
  • The growth of the veterinary endoscopy market is being driven by a growing need for capsule endoscopy and an increasing number of veterinary practitioners. The increasing spending on animals and enhancements in insurance policies contribute to the market demand.
  • The rise in minimally invasive techniques is also projected to boost the advancement of the veterinary endoscopy market. On the other hand, the veterinary endoscopy market is limited by expensive prices and an increasing number of companion animals, but the market's growth will be influenced by the advanced use of veterinary endoscopes.

Top Active Key Player:

"Karl Storz Endoscopy-America, Inc. (U.S.), Stryker Corporation (U.S.), Smith’s Group plc (U.K.), STERIS plc (U.K.), 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.), 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), and other active players."

Veterinary Video Endoscopy Market Trend Analysis

Rising Pet Population Drives Surge in Veterinary Endoscopy Demand

  • The veterinary endoscopy market is expected to experience substantial growth due to the rising number of pets and the growing need for minimally invasive techniques. Clinics are more and more incorporating advanced technologies such as endoscopy and laparoscopy, which have demonstrated both clinical and economic benefits in small animal practices. These processes not only improve diagnostic abilities but also help boost clinic profitability by drawing in health-conscious clients interested in advanced treatment choices for their pets.
  • Shortly, there is anticipation that veterinary endoscopes will become more popular because of their digital screen image display and ability to perform complicated procedures. The use of video endoscopy is increasingly common for examining symptoms such as unusual breathing or nasal discharge in animals, especially in the upper respiratory and gastrointestinal tracts. Products such as the Tele-View USB Video Endoscopes from Advanced Monitors Corporation are compatible with different digital platforms, increasing their usefulness in veterinary practices for procedures such as gastroscopy, bronchoscopy, and other diagnostics in small animals and horses. These progressions will fuel ongoing growth in the veterinary endoscopy sector, meeting the increasing need for advanced veterinary services worldwide.

Technological Advancement in Veterinary Endoscopy

  • Significant technological advancements drive a strong opportunity in the veterinary endoscopy market. Advancements like improved mobility, reduced device sizes, and the incorporation of AI and AR are changing traditional approaches in veterinary care. These advancements allow for less invasive procedures, accurate diagnostics, and increased procedural capabilities in different areas of veterinary medicine.
  • With the advancement of endoscopes in terms of versatility and ease of use, veterinarians can carry out a broader variety of procedures with increased precision, which leads to better outcomes for patients in the end.
  • This advancement promotes partnerships between tech developers and vets, supporting market expansion and variety. Increased funding into cutting-edge veterinary endoscopy is set to propel further advancements, paving the way for broader uses and market growth in the veterinary healthcare industry.

Veterinary Video Endoscopy Market Segment Analysis:

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

By Animal, Small Animal dominated the market

  • The veterinary endoscopy market is greatly influenced by the presence of the small animal segment, which holds a dominant position and contributes significantly to the market share. Several factors contribute to growth during the forecast period, fueling this dominance. Major factors contributing to this trend are the growing number of pets and higher spending on their medical needs. Progress in veterinary science and diagnostic technologies continues to improve the attractiveness of the industry, making procedures more accurate and effective. The presence of specialized veterinary video endoscopes for various uses is also crucial for the growth of the market.
  • Increased understanding among pet owners about illnesses, diagnostic abilities, and treatment choices boosts the need for veterinary endoscopy solutions. Products such as the DE551 Veterinary Video Otoscope, tailored for inner ear exams in a variety of animals, demonstrate the market's ability to adapt to changing veterinary requirements. This indicates that the small animal sector is a key factor driving growth in the veterinary endoscopy market and is expected to keep growing in the future.

By Procedure, The Abdominal/ GI tract Segment Held the Largest Share.

  • The most dominant portion of the Veterinary Endoscopy Market is the Abdominal/GI tract segment, due to an increasing amount of diagnostic and interventional procedures for the health of small and large animals. This portion is especially important because it covers a wide range of digestive problems, such as identifying endoscopic conditions in dogs and cats.
  • The growing use of veterinary endoscopy highlights its important role in veterinary care, providing accurate and less invasive diagnostic options. These improvements not only improve the accuracy of diagnoses but also improve the well-being and treatment results of animals, supporting ongoing growth and innovation in the industry.
  • The importance of the Abdominal/GI tract section highlights its crucial impact on the Veterinary Endoscopy Market. By concentrating on treating various digestive issues and utilizing advanced endoscopic tools, veterinarians can provide better care to animals, leading to improved health results and comfort for the patients.
  • With technological advancements and increased procedural efficiencies shaping the market, the Abdominal/GI tract segment is leading the way in driving growth and expanding veterinary endoscopy applications in various clinical settings.

Veterinary Video Endoscopy Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast Period

  • North America is expected to maintain a substantial market share through the projected period. Key factors driving the growth of the veterinary endoscopy market are the upsurge in companion animal ownership, the rising spread of diseases & viruses like zoonosis, progressive veterinary healthcare services & facilities in the field, and the participation of key market players driving developments in veterinary endoscopes. According to the 2023-2024 APPA National Pet Owners Survey, 66% of U.S. households own a pet, which equates to 86.9 million households.
  • The area's high percentage can be accredited to the growing occurrence of diseases from animals to humans, the trend of treating pets like family members, and the availability of pet insurance across the board. The Veterinary Endoscopy Society (VES) was founded in the United States in 2003 to promote veterinary endoscopy and foster improvements in diagnosis, research, treatment, and innovations in the field.
  • The VES finances research projects that directly influence the advancement of veterinary endoscopy, thereby aiding in market expansion. The increasing amount of money being spent on animal healthcare in the United States is predicted to drive the market's expansion. A Forbes report states that 66% of American households own pets, in 2024. The growing amount of people with pets is raising the demand for veterinary care in the area.

  • As reported by the 2023-2024 APPA National Pet Owners Survey, a considerable number of American households have pets, with dogs being the top choice in 65.1 million households. 46.5 million households own cats as pets, making them a popular choice among pet owners.
  • Freshwater fish are a common choice with 11.1 million households, and birds are owned by 6.1 million households. 6.0 million households have reptiles, 6.7 million have small animals, and 2.2 million have saltwater fish as pets in their homes. Meanwhile, 2.2 million households in the country own horses.
  • These numbers demonstrate the variety of pets Americans select to bring into their households, underscoring the significance of companion animals in society.

 Active Key Players in the Veterinary Video Endoscopy Market

  • 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)

Key Industry Developments in the Veterinary Video Endoscopy Market:

  • 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.

  • In June 2024, KARL STORZ, a leading MedTech firm, acquired Innersight Labs Ltd., a prominent British AI specialist based in London. This acquisition underscores KARL STORZ's commitment to expanding its portfolio with cutting-edge software solutions alongside its renowned medical devices. With a focus on enhancing surgical outcomes, the integration of Innersight Labs' expertise in AI promises advanced 3D modeling from medical scans. This development is set to empower global healthcare professionals with innovative tools for improved surgical precision and patient care. The financial details of the transaction remain undisclosed.

Global Veterinary Video Endoscopy Market

Base Year:

2023

Forecast Period:

2023-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 220 Mn.

Forecast Period 2024-32 CAGR:

6.5 %

Market Size in 2032:

USD 387.77 Mn.

Segments Covered:

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

By Region

  • 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)

Frequently Asked Questions

What would be the forecast period in the Veterinary Video Endoscopy Market research report?

The forecast period in the Veterinary Video Endoscopy Market research report is 2024-2032.

Who are the key players in the Veterinary Video Endoscopy market?

Karl Storz Endoscopy-America, Inc. (U.S.), Stryker Corporation (U.S.), Smith’s Group plc (U.K.), STERIS plc (U.K.), 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.), 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), And Other Major Players.

What are the segments of the Veterinary Video Endoscopy market?

Veterinary Video Endoscopy is segmented into Product Type, Procedure, Animal, Solutions, and End User. By Product, the market is categorized into Capsule Endoscopes, Flexible Endoscopes, Rigid Endoscopes, and Robot-Assisted Endoscopes. By Procedure, the market is categorized into Respiratory, Abdominal/ GI tract, Urogenital, ENT, and Other Procedures. By Animal, the market is categorized into Small and Large. By Solution, the market is categorized into Equipment, Accessories/Consumables, and PACS. By End User, the market is categorized into Hospitals and Clinics. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Veterinary Video Endoscopy Market?

Veterinary endoscopy involves the use of endoscopes to inspect and examine the internal organs of pets and animals. An endoscope is equipped with a video camera and is a bendable tube that is introduced into the animal's stomach via the mouth or the colon of the pet. It is generally utilized to diagnose abnormal swelling, inflammation, blockages, and ulcers in animals.

How big is the Veterinary Video Endoscopy Market?

Veterinary Video Endoscopy Market Size Was Valued at USD 220 Million in 2023 and is Projected to Reach USD 387.77 Million by 2032, Growing at a CAGR of 6.5% from 2024-2032.

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