Veterinary Endoscopes Market Size, Share, Trends, Application Analysis and Growth by Forecast to 2032

 The Veterinary Endoscopes market global sales of Veterinary Endoscopes were held at US$ 227.2 Million in 2021. The anticipated market growth from 2022 to 2032 is anticipated to be 8.7%, which is much greater than the increase in the past. The greatest revenue-generating kind is anticipated to be diagnostic applications, with an absolute monetary opportunity of close to US$ 216 Million between 2022 and 2032.

On of the key factor spurring veterinary endoscopes market growth is increasing pet ownership. According to the European Pet Food Industry 2020 report, Germany, has the highest pet population in Europe. According to the American Pet Products Association’s 2019 to 2020 National Pet Owners Survey, 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 U.S. households had pet birds. Ferrets had a population of 0.5 Mn, and rabbits had a population of 2.2 Mn. The U.S. spent an average of US$ 40 annually per household for pet birds. This likely will increase the demand for small animal endoscopes in future.

Due to associated benefits such as real-time image projection on a digital screen and application in complex operations, video endoscopy systems are projected to gain popularity among veterinary endoscopes in the coming years. In case of suspected irregular breathing or nasal discharge, video endoscopy is often performed to check the upper respiratory tract. Video endoscopes can also be used to look into the urethra and bladder, as well as the sinuses in the brain.

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Veterinary endoscopes are utilized in a range of diagnostic procedures, including liver or kidney biopsies during laparoscopy and diagnostic samples during otoscopy, therefore market expansion is likely to be supported by increasing demand from diagnostic clinics. Various diagnostic methods are performed to evaluate cases of weight loss, chronic nausea, and chronic diarrhea. Over the next few years, this is projected to propel market expansion.

Key Takeaways from the Market Study

·         Global Veterinary Endoscopes market is expected to reach a market size of US$ 560 Mn by 2032.

·         In 2022, North America is estimated to contribute more than 35% market revenue.

·         Among application, Diagnostics contributes with maximum revenue growing at a CAGR of 9.9%.

·         Small animal segment is expected to grow at the highest rate of 8.2% CAGR.

·         Going by the country, US is expected to generate largest revenue of US$ 190 Mn by 2032.

 

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