Veterinary Video Endoscopy Market to grow with a CAGR of 6.48% through 2028
Increasing
in number of Pet Ownership and initiatives taken by the government are the
major drivers for the Global Veterinary Video Endoscopy Market.
According
to TechSci Research report, “Global Veterinary Video Endoscopy Market
Industry Size, Share, Trends, Competition, Opportunity and Forecast,
2018-2028”, Global Veterinary Video Endoscopy Market has valued at USD
192.35 million in 2022 and is anticipated to see an impressive growth in the
forecast period with a CAGR of 6.48% through 2028. the Global Veterinary
Video Endoscopy Market is anticipated to register a high CAGR during the
forecast period. This can be ascribed to collaborations and partnerships among
leading companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
Video
endoscopies provide state-of-the-art technology and are expected to remain in
high demand in the years to come. This is because video endoscopies display
images in a real-time format on a digital display, allowing both the
veterinarian and the owner to directly observe the results of the procedure.
Common procedures performed by video endoscopists include evaluating the
respiratory tract in the event of suspected abnormal respiration or nasal
discharge. Longer gastroscopes are inserted into the abdominal cavity through
the nasal cavity to evaluate gastric ulcers, video endoscopes are used to assess
the urinary bladder and urethra, as well as to gain a direct visual view of the
nasal passages in the head. As the field of veterinary medicine advances and
pet owners become more proactive about their animals' health, there is an
increased need for accurate diagnostic tools, including medical imaging
techniques like veterinary video endoscopy. Medical imaging, including
endoscopy, provides veterinarians with a non-invasive way to accurately
diagnose various conditions and diseases in animals.
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Endoscopic
procedures offer real-time visual information about internal structures,
enabling precise diagnoses. Medical imaging allows veterinarians to visualize
internal structures, organs, and tissues that may not be easily accessible
through physical examination alone. This enhanced visualization leads to more
accurate and comprehensive assessments. The availability of advanced medical imaging
contributes to better patient care. Veterinarians can make informed decisions
about treatment plans based on the detailed images obtained through endoscopy.
Pet owners are increasingly informed about medical options and expect a higher
level of care for their animals. Veterinary video endoscopy aligns with their
expectations for advanced diagnostic and treatment approaches. The availability
of information on the internet and through other sources has led to more
educated pet owners who actively seek out advanced medical procedures for their
pets. This contributes to the growing demand for medical imaging.
With
the rise of specialized veterinary practices, such as veterinary
gastroenterology, there's a growing demand for specialized diagnostic tools
like endoscopy that cater to specific medical needs. Ethical concerns revolve
around the welfare of animals undergoing endoscopic procedures. It's important
to ensure that the benefits of the procedure outweigh any potential discomfort
or stress experienced by the animal. In some cases, obtaining informed consent
for endoscopic procedures from animal owners may be challenging, as animals
cannot provide their own consent. Veterinarians must communicate clearly with
owners about the risks, benefits, and expected outcomes of the procedure.
Ethical questions arise when deciding whether endoscopic procedures are
justified over less invasive or non-invasive diagnostic methods. Veterinarians
must carefully weigh the benefits of accurate diagnosis against the potential invasiveness
of the procedure.
As
veterinary medicine continues to advance and the demand for advanced procedures
like endoscopy grows, there is a greater emphasis on specialized training to
ensure veterinarians have the skills and knowledge needed to perform these
procedures effectively and safely. Veterinary video endoscopy involves
intricate techniques and equipment operation. Specialized training is necessary
to navigate the complexities of the equipment, perform procedures correctly,
and interpret the visual information provided by the endoscope. Performing
endoscopic procedures requires a unique set of skills that differ from
traditional veterinary procedures. Training programs focus on developing skills
such as proper instrument manipulation, navigation, and real-time
decision-making during procedures. Ensuring the safety and well-being of
animals undergoing endoscopic procedures is of paramount importance.
Specialized training helps veterinarians minimize the risks associated with the
procedures and respond effectively to any complications that may arise.
However,
Limited Access to Advanced Care and Data Management and Integration are
expected to slow down the growth of the market in the coming years.
The
Global Veterinary Video Endoscopy Market segmentation is based on Solution,
Animal Type, Application, Procedure, End User, By Company, and Region.
Some of the major companies operating in the Global
Veterinary Video Endoscopy Market include:
- Steris Corp
- MDS Incorporated
- Firefly Global
- KARL STORZ SE & Co. KG
- Advanced Monitors Corporation
- Dr. Fritz Endoscopes GmbH
- Biovision Veterinary Endoscopy,
LLC
- Eickemeyer
- Ambu Inc.
- Olympus Corporation
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“Certain
areas, particularly in North America, are projected to exert significant demand
for veterinary Endoscopy globally. The growth in the competitive landscape and
the presence of well-established companies in the market, committed to enhance
the overall wellbeing of pets each year, are expected to contribute to a
remarkable growth of the Global Veterinary Video Endoscopy Market in the
forecast period," said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based Global management consulting firm.
Veterinary
Video Endoscopy Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028 Segmented by Solution (Equipment, Accessories/ Consumables,
PACS), by Animal Type (Small Animals, Large Animals), by Application (Diagnostic,
Surgical/ interventional), by Procedure (Respiratory Endoscopy, Abdominal/ GI
tract Endoscopy, Urogenital Endoscopy, ENT Endoscopy, others), by End User
(Veterinary Clinics & Hospitals, others), and By Region, Competition has evaluated the future growth
potential of Global Veterinary Video Endoscopy Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide innovative market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Veterinary Video Endoscopy Market.
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