Market growth influenced due to following factors-
- Increasing number of pet insurance.
- Growing pet population.
- Rising number of veterinary practitioners and advanced applications of veterinary endoscopes.
Global market size-
According to research report the Veterinary Endoscopy Market is expected to reach $219.0 million by 2023, at a CAGR of 6.5%.
Key players in the veterinary endoscopy market include KARL STORZ (Germany), Olympus (Japan), Fujifilm (Japan), Eickemeyer (Germany), B. Braun (Germany), STERIS (UK), Endoscopy Support Services (US), Biovision Veterinary Endoscopy (US), Welch Allyn (US), and Dr. Fritz (Germany)
Top Market Segments-
On the basis of product type, this market is classified into rigid endoscopes, flexible endoscopes, and other endoscopes. In 2018, the rigid endoscopes segment is expected to account for the largest share of the veterinary endoscopy market.
On the basis of end user, the veterinary endoscopy market is segmented into clinics; and hospitals and academic institutes. The hospitals and academic institutes segment is estimated to account for the largest share of the veterinary endoscopy market in 2018.
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Geographic Overview -
Based on region, the veterinary endoscopy market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to dominate the market in 2018. The large share can be attributed to the rising adoption of companion animals, increasing pet healthcare insurance, and improved veterinary healthcare infrastructure.