The veterinary video endoscopes are intended for use in small and large companion animals, as well as livestock, for bronchoscopy, gastroscopy, and duodenoscopy. As a result, veterinary video endoscopes can benefit veterinarian practices by encouraging healthier customers and increasing revenue. Endoscopes are used in gastrointestinal, upper airway, and stomach examinations and biopsy, as well as the extraction of objects from the gastro intestine and the insertion of feeding tubes. Exploratory examinations and inspections of the liver, pericardium, and other abdominal and thoracic organs are also performed with needle-shaped endoscopes.
Global Veterinary Video Endoscopy Market Driving Factors and Challenges
Minimally Invasive Surgery is becoming more popular.
The minimally invasive process of video endoscopy, which is unquestionably less invasive than veterinary surgery, permits intervention through a very narrow operating channel that allows the examiner to look inside an organ or bodily cavity and obtain diagnostic information. This approach is beneficial in the treatment of cancer and inflammatory illnesses in animals.
Growing Electronics Demand
The veterinarian can watch the results up close and in real time on a color TV screen, Windows PCs, laptops, and tablets using video endoscopic technologies.
Strong/High Equipment Costs.
Because video endoscopy equipment is equipped with powerful video cameras and frequently necessitates the use of anesthesia to meet the unique requirements of animal healthcare, it is more expensive. Long-term research and development is usually required for these complex pieces of equipment, which drives up the item's total cost. In addition, special laptops, carts, and video processors are needed for the endoscope, all of which have substantial acquisition and maintenance costs. These factors add up to more expensive procedures, especially in affluent nations like the US, UK, Germany, Japan, and the United States, where prices currently range from USD 800 to USD 2,000.
Impact of COVID-19 on Global Veterinary Video Endoscopy Market
The Veterinary Video Endoscopy Market suffered because to the COVID-19 pandemic, which decreased sales and demand. This was caused by problems with the supply chain, delayed or canceled medical procedures, a decrease in veterinarian visits, and limitations on transportation. As a result of the sickness outbreak and the ensuing quarantine restrictions, 18% of responding veterinary practice owners said that they were only receiving emergency cases in an AVMA 2020 survey. While 60% of practices stated that the pandemic caused appointment cancellations.
Veterinary Video Endoscopy Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Advanced Monitors Corporation, Biovision Veterinary Endoscopy LLC, Dr. Fritz Endoscopes GmbH, Eickemeyer, eKuore, Firefly Global, KARL STORZ SE & Co. KG, MDS.
Global Veterinary Video Endoscopy Market Segmentation:
By Solution: Based on the Solution, Global Veterinary Video Endoscopy Market is segmented as; Equipment, Accessories/Consumables, PACS.
By Animal Type: Based on the Animal Type, Global Veterinary Video Endoscopy Market is segmented as; Small Animals, Large Animals.
By Application: Based on the Application, Global Veterinary Video Endoscopy Market is segmented as; Diagnostic, Surgical/Interventional.
By Procedure: Based on the Procedure, Global Veterinary Video Endoscopy Market is segmented as; Respiratory, Abdominal/ GI Tract, Urogenital, ENT, Others.
By End User: Based on the Procedure, Global Veterinary Video Endoscopy Market is segmented as; Veterinary Clinics & Hospitals.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.