The compound annual growth rate of the veterinary endoscopes market is expected to grow by 8.7% during 2022-2032

The compound annual growth rate of the veterinary endoscopes market is expected to grow by 8.7% during 2022-2032

The veterinary endoscopy market Revenue was estimated at $245.2 million in 2022 and is expected to grow at a compound annual growth rate of 8.7% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach $560.3 million.

Due to the associated benefits such as real-time image display on a digital screen and application in complex operations, video endoscopy systems are expected to gain popularity among veterinary endoscopes in the coming years. If irregular breathing or nasal secretions are suspected, videoendoscopy is often performed to examine the upper respiratory tract. Video endoscopes can also be used to examine the urethra and bladder, as well as the sinuses of the brain.

One of the major factors driving the growth of the veterinary endoscopes market is the increase in pet ownership. According to the European Pet Food Industry 2020 report, Germany has the highest number of pets in Europe.

Sample request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14774

According to the 2019 to 2020 National Pet Owners Survey by the American Pet Products Association, the most popular pet in the United States is a dog. The American Veterinary Medical Association asserts that between 2017 and 2018, 2.8% of American households had pet birds. The population of ferrets was 0.5 million, and the population of rabbits was 2.2 million. The United States spends an average of $40 per year per household for pet birds. This will likely lead to an increased demand for small animal endoscopes in the future.

Veterinary endoscopes are used in a range of diagnostic procedures, including liver or kidney biopsies during laparoscopy and diagnostic samples during otoscopy, so market expansion is likely to be supported by increased demand from diagnostic clinics. Various diagnostic methods are performed to assess cases of weight loss, chronic nausea and chronic diarrhea. Over the next few years, this is expected to drive market expansion.

The main takeaway from the market study

  • The global veterinary endoscopes market is expected to reach a market size of US$ 560 million by 2032.
  • In 2022, North America is expected to contribute more than 35% of market revenue.
  • Among the applications, the diagnostic tool contributes to the maximum revenue growth with a compound annual growth rate of 9.9%.
  • The small animal segment is expected to grow at the highest compound annual growth rate of 8.2%.
  • By country, the United States is expected to generate the largest revenue of $190 million by 2032.

Talk to our Research Expert @ https://www.futuremarketinsights.com/askus/rep-gb-14774

Competitive scene

A number of regional and global players operate in this market. Some of the major players operating in the market are Steris, MDS Incorporated, Firefly Global, eKuore and KARL STORZ SE & Co KG. Here are some of the recent developments for major veterinary endoscopy providers:

  • In December 2020, Cantel Medical Corp and CENSIS TECHNOLOGY announced a new long-term contract to integrate Cantel Medical Corp’s endoscopic reprocessing workflow portfolio with CENSIS surgical asset monitoring and instrumentation monitoring solutions.
  • In December 2020, Apollo Endosurgery, Inc. , a leading manufacturer of instruments for gastro-intestinal and bariatric surgery, has announced the approval of the US Food and Drug Administration (FDA) for the X-Tack TM Endoscopic HeliXTM System. This system contains sutures primarily designed for use in closing and repairing defects in the lower GI tract with upper GI applications.

More insights available

Future Market Insights, in its new presentation, provides an unbiased analysis of the veterinary endoscopes market, providing historical market data (2017-2021) and forecast statistics for the period 2022-2032. The study reveals key insights based on end users in five regions (North America, Latin America, Europe, Asia Pacific, Middle East and Africa).

Knowledge of the field of future market insights in the healthcare department

The expert analysis, actionable insights, and strategic recommendations of Future Market Insights’ veteran healthcare team help clients around the world meet their unique needs in business intelligence. With a repertoire of over a thousand reports and over a million data points, the team has analyzed the healthcare industry across more than 50 countries for more than a decade. The team provides unparalleled research and consulting services. Continue to explore how we can help.

Customization Request @ https://www.futuremarketinsights.com/customization-available/rep-gb-14774

Market Segments Covered in Veterinary Endoscopy Industry Analysis

By type:

  • rigid
  • flexible
  • other kinds

By type of animal:

  • big animals
  • small animals

By application:

  • Surgical / Interventional
  • Diagnosis

By type of procedure:

  • Respiratory endoscopy
  • Gastrointestinal Endoscopy
  • Urogenital endoscopy
  • laparoscopy
  • Otolaryngology Endoscopy
  • Other types of actions

Key Reports Related to Healthcare Market Insights

https://kaalama.org/read-blog/193209

https://bookmarksmywebs.com/orthobiologics-market-future-scenario-key-insights-top-companies-2027/

https://healthcarefmi.blogspot.com/2022/10/orthobiologics-market-top-trends-and.html

https://healthandfitness901316.blogspot.com/2022/10/global-orthobiologics-market-industry.html

https://myjoye.com/blogs/773/3368/orthobiologics-market-swot-analysis-dynamics-drivers-key-ind

https://justnock.com/read-blog/10682

About Future Market Insights (FMI)

future market insights (ESOMAR-accredited market research institution and a member of the Greater New York Chamber of Commerce) provides in-depth insights into the governing factors that increase market demand. It reveals the opportunities that will favor market growth in various segments on the basis of source, application, sales channel and end use over the next ten years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
Tel: +1-845-579-5705
For sales inquiries: [email protected]
Browse all reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| blogging


#compound #annual #growth #rate #veterinary #endoscopes #market #expected #grow

Leave a Comment

Your email address will not be published. Required fields are marked *