According to The Insight Partners market research study titled 'Veterinary Endoscopes Market to 2027 – Global Analysis and Forecasts by Product Type, Application, Procedure, End User and Geography'. The report highlights the trends prevalent in the global veterinary endoscopes market and the factors driving the market along with those that act as challenges to its growth.
Endoscopy is a minimally invasive surgical procedure, used to visualize and operate internal organs within animal body. This procedure is performed with the help of a small flexible tube known as an endoscope. This tube is attached with a camera, enabling clear view of the organ to be diagnosed. Based upon the area to be examined, various types of scopes are available. The growth of the global veterinary endoscopes market is attributed to the increasing pet animal’s population, growing training programs for endoscopic diagnosis and rising incidences of zoonotic diseases. However, limited number of veterinary professionals is the major factor hindering the market growth.
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Veterinary Endoscopes Market: Competitive Landscape and Key Developments
Olympus Corporation, Biovision Veterinary Endoscopy, LLC, Dr. Fritz, MEDIT INC, FUJIFILM Holdings Corporation, Harvard Apparatus, Shanghai Aohua Photoelectricity Endoscope Co., Ltd., Infiniti Medical, KARL STORZ SE & Co. KG, and Welch Allyn.
Global the veterinary endoscopes market is segmented on the basis of product type, application, procedures and end user. The market based on product type segment is classified as capsule endoscopes, flexible endoscopes and rigid endoscopes. On the basis application the market is segmented as diagnostic and surgical. Based on the procedure the market is classified as bronchoscopy, cystoscopy, gastrointestinal, laparoscopy, otoscopy, and other procedure types. And on the basis of end user the market is divided into veterinary clinic, veterinary hospitals and other end users.
The market for veterinary endoscopes is expected to grow significantly due to factors such increasing pet animal’s population, growing training programs for endoscopic diagnosis and rising incidences of zoonotic diseases over the forecasted years. Also, the growth opportunities in the developing nations are likely to have a positive impact on the growth of the market in the coming years.
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide.
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Rising Incidences of Zoonotic Diseases to Drive Global Veterinary Endoscopes Market Growth
Zoonotic diseases are an infectious disease which is transmitted to humans through vertebrate animals. The zoonotic diseases further three major types, such as endemic zoonoses, epidemic zoonoses, and emerging and re-emerging zoonoses. Among these types of emerging and re-emerging zoonoses are emerging and showing increasing incidences in various geographic areas.
For instance, according to the World Health Organization (WHO), it is stated that nearly 61% of the human pathogens are zoonotic. Diseases such as Rift Valley fever, SARS, pandemic influenza H1N1 2009, Yellow fever, Avian Influenza (H5N1), and (H7N9), West Nile virus are zoonotic. In addition, the Middle East respiratory syndrome coronavirus (MERS- CoV), which was increased rapidly in recent years, was caused by a zoonotic pathogen.
Moreover, according to the Centers for Disease Control and Prevention, it is stated that approximately ten thousand Americans are estimated to get affected by zoonotic diseases. The major source for transmission of diseases is animals consumed, such as goat meat, beef, pork, chicken, and others. According to the CDC, it is stated that six out of ten infectious diseases in people are zoonotic diseases. Thus, owing to the rising incidences and risk of the zoonotic diseases are likely to drive the growth of veterinary endoscopes during the forecast period.
The report segments the global veterinary endoscopes market as follows:
Global Veterinary Endoscopes Market – By Product Type
Capsule Endoscopes
Flexible Endoscopes
Rigid Endoscopes
Global Veterinary Endoscopes Market – By Application
Diagnostic
Surgical
Global Veterinary Endoscopes Market – By Procedure
Bronchoscopy
Cystoscopy
Gastrointestinal
Laparoscopy
Otoscopy
Other Procedure Types
Global Veterinary Endoscopes Market – By End User
Veterinary Clinic,
Veterinary Hospitals
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