Veterinary endoscopy helps in disease detection, in-depth symptom analysis, and internal body navigation to offer precise diagnosis of any ailment affecting animals. The demand for veterinary endoscopy is expected to rise with increasing focus on animal health and well-being. Fortune Business Insights studies growth prospects for the global veterinary endoscopy market in a report, titled “Veterinary Endoscopy Market Size, Share and Global Trend By Product Type (Flexible Endoscopes, Rigid Endoscopes, Others), By Animal Type (Companion, Livestock), By End User (Veterinary Hospitals, Veterinary Clinics, Others) and Geography Forecast till 2026.” Rising prevalence of foot and mouth diseases, anthrax, and other infectious diseases among pets is expected to encourage the adoption of veterinary endoscopy. Recent developments such as integration of imaging systems in veterinary endoscopes is offering diagnostic results with accuracy and precision. With the introduction of advanced equipment, endoscopes can now investigate different body parts in animals. As per the report, some of the well-known endoscopic techniques include otoscopy, esophagoscopy, bronchoscopy, thoracoscopy, and tracheoscopy.
Increasing pet population across the world is expected to boost the veterinary endoscopy market growth. The demand for different types of veterinary endoscopes such as flexible, rigid, and others is likely to increase. Among these, flexible veterinary endoscopes are expected to cover a considerable share in the market. These endoscopes are superior to others and are preferred owing to their better ergonomics. The demand for veterinary endoscopes is expected to surge in several end-users which include veterinary hospitals, veterinary clinics, and others, aiding the veterinary endoscopy market size.
Better Accessibility to Advanced Pet Treatment Drives Market in North America
Among regions, North America is anticipated to dominate the global veterinary endoscopy market through the forecast period. The growth is attributable to the rising pet adoption and rising awareness about pet healthcare. A lead analyst at Fortune Business Insights states, “The market is expected to thrive in this region owing to the improving accessibility towards advanced treatment which includes new endoscopic equipment for animals.”
The market in Asia Pacific is projected to show huge growth potential in the forecast years. The increasing livestock population is one of the primary factors responsible for driving the market in his region. Furthermore, the market will mature owing to the increasing government support on improvisations in livestock health. Such factors are expected to create impressive growth opportunities for the market in this region by 2026.
An Overview of the Impact of COVID-19 on this Market:
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Demand for Early Disease Detection in Animals to Boost Growth
The rising burden of animal diseases across the world is likely to spur the adoption of veterinary treatment, propelling growth in the market. Veterinary endoscopes helps in early detection and assistance of diseases in animals. Enabled by these benefits, the adoption of veterinary endoscopy services is projected to increase in the forecast duration. The sales of these endoscopes are expected to pump up on account of the numerous benefits offered by them. This, in turn, can favour the veterinary endoscopy market revenue.
However, high maintenance and acquisition cost associated with endoscopes may hamper the growth of the market. Another factor expected to impede the market growth is the reluctance among pet owners towards endoscopy. Nonetheless, the presence of notable industry players putting continuous efforts to develop new and advanced veterinary endoscopes is expected to help the market grow by 2026.
The report profiles some of the leading players operating in the global veterinary endoscopy market. Some of them include FUJIFILM Holdings Corporation, Harvard Apparatus, ESS, Inc., HOYA Corporation, Olympus Corporation, Infiniti Medical, and KARL STORZ.