The Global Veterinary Endoscopes Market is projected to grow significantly by 2027, with an expected CAGR of around 7% during the forecast period from 2021 to 2027. Endoscopy is a minimally invasive procedure that allows examination of internal organs or body cavities, enabling diagnostic evaluation and tissue sample collection for histopathologic analysis.

Key Growth Drivers

A major driver of growth in the veterinary endoscopes market is the increasing rate of pet adoption. Additionally, the rising prevalence of diseases in animals is contributing to the market's expansion. According to Vikaspedia, India's livestock population reached 535.78 million in 2019, a 4.6% increase from the 2012 Livestock Census. The bovine population (including cattle, buffalo, mithun, and yak) totaled 302.79 million in 2019, a 1.0% increase from the previous census. Efforts in animal conservation also play a significant role in boosting the demand for veterinary endoscopes.

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Market Segmentation

By Type

The market is segmented into rigid, flexible, and other types of endoscopes. The flexible endoscope segment is expected to experience significant growth due to its extensive use in diagnosing various organs and diseases. Flexible endoscopes provide detailed images of internal organs and enable videography, which is crucial for accurate diagnosis. Advancements in fiber optics further enhance the growth of this segment.

By Animal Type

The market is categorized into livestock and companion animals. The livestock segment is expected to witness substantial growth, driven by the increasing cattle population and the adoption of modern technologies for animal care. According to the Department of Animal Husbandry and Dairying, the female cattle population in India was 145.12 million in 2019, an 18.0% increase from 2012.

By Procedure

The market is segmented into respiratory endoscopy, gastrointestinal tract endoscopy, urinary and genital tract endoscopy, abdominal endoscopy, ENT endoscopy, and others. The gastrointestinal segment is anticipated to hold a significant market share due to the increasing prevalence of digestive issues in animals. According to NCBI research, digestive problems are a major health concern in dogs.

Regional Insights

The report provides detailed insights into the veterinary endoscopes market across various regions, including North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), and the Rest of the World. North America represents a significant market due to the high rate of pet adoption. According to the American Pet Products Association (APPA), 67% of U.S. households owned pets in 2021, with total expenditure on pet care products estimated at $123.6 billion.

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Key Market Players

Major companies operating in the global veterinary endoscopes market include 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, and Eickemeyer. These players have engaged in numerous mergers, acquisitions, and partnerships to develop a variety of veterinary endoscopes.

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