Veterinary Endoscopes Market – By Product Type (Flexible [Video, Fibre-optic], Rigid), Procedure Type (Gastroduodenoscopy, Colonoscopy, Bronchoscopy, Laparoscopy), Animal Type (Small, Large Animals), End-user – Global Forecast 2024 – 2032
Published on: 2024-07-28 | No of Pages : 240 | Industry : Animal Health and Nutrition
Publisher : MIR | Format : PDF&Excel
Veterinary Endoscopes Market – By Product Type (Flexible [Video, Fibre-optic], Rigid), Procedure Type (Gastroduodenoscopy, Colonoscopy, Bronchoscopy, Laparoscopy), Animal Type (Small, Large Animals), End-user – Global Forecast 2024 – 2032
Veterinary Endoscopes Market Size
Veterinary Endoscopes Market size accounted for USD 218.2 million in 2023 and is anticipated grow at over 6.6% CAGR between 2024 and 2032. Veterinary endoscopes are specialized medical instruments used in veterinary medicine for minimally invasive examination and treatment of internal organs and structures in animals.
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They consist of flexible or rigid tubes equipped with a light source and camera, allowing veterinarians to visualize and navigate through the gastrointestinal tract, respiratory system, urinary tract, joints, and other anatomical areas. Veterinary endoscopes facilitate animal diagnostics procedure such as gastroscopy and bronchoscopy, as well as therapeutic interventions. Their use reduces recovery times, minimizes trauma, and enhances precision in veterinary surgery and diagnostics.
The market growth is primarily attributed to the increasing pet ownership rates globally and rising expenditure on advanced veterinary care. Also, technological advancements have also played a crucial role in expanding the market. Innovations such as high-definition imaging systems, flexible endoscope designs that improve maneuverability, and the integration of digital and robotic technologies have enhanced the precision and effectiveness of veterinary endoscopic procedures. These advancements not only improve diagnostic accuracy but also enable veterinarians to perform a broader range of therapeutic interventions with greater success rates, thus driving the adoption of veterinary endoscopes. Furthermore, the increased establishment of specialized veterinary hospitals and clinics equipped with advanced medical equipment has driven market growth.
Report Attribute | Details |
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Base Year | 2023 |
Veterinary Endoscopes Market Size in 2023 | USD 218.2 Million |
Forecast Period | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR | 6.6% |
2032 Value Projection | USD 380.9 Million |
Historical Data for | 2021 - 2023 |
No. of Pages | 191 |
Tables, Charts & Figures | 336 |
Segments covered | Product Type, Procedure Type, Animal Type, End-user, and Region |
Growth Drivers |
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Pitfalls & Challenges |
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Veterinary Endoscopes Market Trends
The market is experiencing a notable trend driven by increasing pet ownership rates worldwide. As more households’ welcome pets into their families, there is a corresponding rise in demand for comprehensive veterinary care. For instance, according to European Pet Food Industry Federation (FEDIAF), around 90 million households in Europe own a pet in 2022 that is around 46%. Thus, with higher levels of pet ownership comes increased expenditure on veterinary services and animal healthcare.
Further, veterinary endoscopes play a crucial role in meeting this demand by offering minimally invasive diagnostic and therapeutic solutions. Also, the increasing shift of pet owners towards minimally invasive procedure preferences supports the growth of market.
Veterinary Endoscopes Market Analysis
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Based on product type, the market is segmented into flexible endoscopes, rigid endoscopes, and capsule endoscopes. The flexible endoscopes segment dominated the market with 67% of market share in 2023.
- Flexible endoscopes provide greater maneuverability, allowing access to complex anatomical structures such as the gastrointestinal tract and respiratory system. They are ideal for procedures where flexibility is crucial such as navigating through bends and curves in the body. In addition to this, they can be used for a wide range of diagnostic and therapeutic procedures including gastroscopy, colonoscopy, bronchoscopy, and rhinoscopy. These factors collectively aid in driving the growth of this segment.
Based on procedure type, the veterinary endoscopes market is classified into gastroduodenoscopy, colonoscopy, bronchoscopy, tracheoscopy, male urethrocystoscopy, laparoscopy, rhinoscopy, otoscopy, and other procedures. The gastroduodenoscopy segment captured significant market revenue of USD 53.7 million in 2023.
- The increasing prevalence of gastrointestinal issues in animals ranging from chronic conditions such as inflammatory bowel disease to acute problems including gastrointestinal bleeding or foreign body ingestion significantly drives the growth of this segment.
- Further, beyond diagnostics, gastroduodenoscopy supports various therapeutic interventions. This dual functionality enhances the segmental growth, as it combines diagnostic precision with immediate therapeutic action.
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Based on animal type, the veterinary endoscopes market is divided into small animals and large animals. The small animals segment accounted for significant market share and is expected to grow at 6.4% of CAGR over the forecast timeframe.
- Small animals such as dogs, cats, and smaller mammals constitute a significant portion of the pet population globally. Therefore, the high adoption of pet ownership drives demand for veterinary care including diagnostic and therapeutic procedures facilitated by endoscopy. Thus, the growing awareness among pet owners and increased humanization of pets fosters the growth of small animals segment in this market.
Based on end-user, the veterinary endoscopes market is categorized into veterinary hospitals & clinics, veterinary diagnostic centers, and other end-users. The veterinary hospitals & clinics segment held highest market share and is anticipated to reach USD 181.5 million by 2032.
- Veterinary hospitals and clinics hold the highest market share due to their ability to offer comprehensive healthcare services and handle a high patient volume, necessitating the use of advanced diagnostic and therapeutic equipment like endoscopes. Also, these facilities are equipped with the advanced infrastructure needed to support the efficient use of endoscopic technology. Thus, the combination of a wide range of services, large patient flow, and sophisticated infrastructure fuels the growth of this segment.
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North America veterinary endoscopes market is expected reach USD 154.5 million by the end of the forecast period.
- North America has one of the highest rates of pet ownership globally, with a growing number of households considering pets as family members. This trend is coupled with increased spending on pet healthcare, driving the growth of this segment. According to the American Pet Products Association (APPA), the total pet industry spending in the U.S. is projected to reach USD 150.6 billion in 2024, with veterinary care and products accounting for USD 39.1 billion of this amount.
- This rising expenditure on veterinary care is driving veterinary clinics and hospitals to adopt advanced endoscopic equipment to meet the growing demand for specialized services.
Asia Pacific veterinary endoscopes market is expected to experience growth of 7% between 2024 - 2032.
- The number of pet owners in this region is steadily rising, alongside a growing focus on the health and well-being of livestock. According to an article published by Dogster in 2024, there are over 31 million pet dogs and 2.44 million pet cats in India. The pet cat population is expected to reach 4.89 million 2026. Therefore, as more households adopt pets and the agriculture sector places greater emphasis on livestock health, the demand for advanced veterinary care including endoscopic procedures is expected to increase, thereby augmenting the regional market growth.
Veterinary Endoscopes Market Share
The market is driven by continuous innovation, technological advancements, and a strong commitment to animal health. Leading companies dominate the market by offering a wide range of high-quality and advanced endoscopic equipment. These companies are continually investing in research and development to introduce new products and enhance existing ones.
Veterinary Endoscopes Market Companies
Prominent players operating in the veterinary endoscopes industry include
- B. Braun Melsungen AG
- Eickemeyer Veterinary Equipment
- Fujifilm Holdings
- IMV Imaging
- Karl Storz SE & Co. KG
- MDS Veterinary
- Medtronic PLC
- Olympus Corporation
- Ottomed Endoscopy
- VetOvation
- Zhuhai Seesheen Medical Technology Co. Ltd
Veterinary Endoscopes Industry News
- In January 2022, IMV Technologies announced the acquisition of VES Custom Optics. The VESCO joined the companion animal business of IMV imaging, IMV Technologies’ veterinary ultrasound and diagnostic equipment division. This strategic acquisition helped the company to enhance their customer base and generate revenue.
The veterinary endoscopes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments
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Market, By Product Type
- Flexible endoscopes
- Video endoscopes
- Fibre-optic endoscopes
- Rigid endoscopes
- Capsule endoscopes
Market, By Procedure Type
- Gastroduodenoscopy
- Colonoscopy
- Bronchoscopy
- Tracheoscopy
- Male urethrocystoscopy
- Laparoscopy
- Rhinoscopy
- Otoscopy
- Other procedures
Market, By Animal Type
- Small animals
- Large animals
Market, By End-user
- Veterinary hospitals & clinics
- Veterinary diagnostic centers
- Other end-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Table of Content
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