Veterinary Endoscopes Market (Covid-19) Impact and Analysis by 2027 | Olympus Corporation, Biovision Veterinary Endoscopy, Dr. Fritz, MEDIT, FUJIFILM Holdings Corporation, Harvard Apparatus, and Others
The Insight Partners analysts forecasts the latest report on “Veterinary Endoscopes Market (Covid-19) Impact and Analysis by 2027”, according to report; The Veterinary Endoscopes Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Veterinary Endoscopes Market.
The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Veterinary Endoscopes Market.
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The veterinary endoscopes market accounted to US$ 268.82 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account for US$ 478.84Mn by 2027.
Some of the Major Market Players Are:
Biovision Veterinary Endoscopy, LLC
Dr. Fritz, MEDIT INC
FUJIFILM Holdings Corporation
Shanghai Aohua Photoelectricity Endoscope Co., Ltd.
KARL STORZ SE & Co. KG
Growing Training Programs for Endoscopic Diagnosis
Diagnosis and treatment through endoscopy are an emerging field in the veterinary sector. The veterinary endoscopes are devices which are widely used for diagnosing gastrointestinal diseases in the animals. Therefore, various education and training programs are being conducted to upgrade the knowledge of veterinary professionals with the latest technologies. Various companies such as Karl Storz SE & Co. KG and Biovision Veterinary Endoscopy, LLC are also offering training programs for the use of veterinary endoscopic devices for diagnosis and treatment.
In addition, veterinary schools and institutes training for veterinary diagnosis are incorporated, and the veterinary doctors, nurses, and other professionals are being trained. Other than the programs offered in the institutes, online courses are made available. For instance, the University of Agriculture, The University of Tennessee, offers the online only course (20 CE hours) and integrated courses (56-64 CE hours), which offers in-depth online training for rigid and flexible endoscope handling, cleaning and other related knowledge. The courses also offer individuals desiring hands-on training. Thus, owing to these factors it is expected that the market is likely to grow exponentially in coming days.
Use of Capsule Endoscope for Diagnosis
The capsule endoscopes for diagnosis gastrointestinal diseases in human is widely accepted as a minimally invasive technique of diagnosis. However, in the field of the veterinary capsule, endoscopy is an emerging technology and is expected to have good potential in the coming future.
Advantages of the capsule endoscopes such as easy administration, capturing of high resolution and 360 degree diagnostic images of the entire gastrointestinal tract enable a veterinary doctor to diagnose GI disease faster and efficiently. Also, various companies are entering the capsule endoscopes segment, for instance, a European company Infiniti Medical developed ALICAM, which is ambulatory light-based imaging (ALI) capsule endoscopy devices. The device helps to visualize the detailed diagnosis of pets during their normal day.
Moreover, the use of the capsule endoscope does not require anesthesia and restriction of pet activity. Thus, owing to the advantages of the capsule endoscopes for diagnosing the gastrointestinal diseases in animals are likely to expand the growth of the market during the forecast years.
Product Type Insights
The global veterinary endoscopes market by product type segments was led by rigid endoscopes. In 2018, the rigid endoscopes accounted for the largest market share in the global veterinary endoscopes market. The growth of rigid endoscopes is expected to grow due to advantages of minimally invasive procedures for the animals. However, the flexible endoscopes segment is estimated to mark the highest CAGR in the market during the forecast period, owing to the better visibility due to light source of flexible endoscope, increasing technological development that is enabling the early detection of diseases in animals.
Organic and inorganic growth strategies were observed in global veterinary endoscopes industry. Whereas, organic growth strategies where carried out largely in the veterinary endoscopes market. For instance, in March 2019, Olympus Corporation has launched the PowerSpiral in Europe and parts of the Asia-Pacific region, including Hong Kong and India. Further, it is planning to launch in the United States and other parts of the Asia-Pacific region as regulatory procedures are completed.
Global Veterinary Endoscopes Market – By Product Type
• Capsule Endoscopes
• Flexible Endoscopes
• Rigid Endoscopes
Global Veterinary endoscopes Market – By Application
Global Veterinary endoscopes Market – By Procedure
• Other Procedure Types
Global Veterinary endoscopes Market – By End User
• Veterinary Clinic,
• Veterinary Hospitals
• Other End Users
The report analyses factors affecting the Veterinary Endoscopes Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Veterinary Endoscopes Market in these regions.
Moreover, the report entails the estimate and analysis for the Veterinary Endoscopes Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Veterinary Endoscopes Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Veterinary Endoscopes Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Veterinary Endoscopes Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Veterinary Endoscopes Market Report:
• North America
• Latin America
• The Middle East & Africa
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Major Features of Veterinary Endoscopes Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Veterinary Endoscopes market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Veterinary Endoscopes market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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