The global sales of veterinary endoscopes are estimated to be worth USD 286.9 million in 2024 and are anticipated to reach a value of USD 625.3 million by 2034. Sales are projected to rise at a CAGR of 8.10% over the forecast period between 2024 and 2034. The revenue generated by veterinary endoscopes in 2023 was USD 265.4 million. The industry is anticipated to exhibit a Y-o-Y growth of 8.10% in 2024.
Veterinary endoscopes are vital instruments for performing diagnosis & minimal surgeries on pets. Endoscopic procedures act as an alternative to traditional open surgeries in veterinary practice & have been immensely adopted due to their less painful alternatives & faster recovery rate.
Arthroscopy, gastrointestinal endoscopy, respiratory endoscopy, urinary & genital tract endoscopy, abdominal endoscopy, ENT endoscopy, and other procedure types. By procedure type, gastrointestinal endoscopy is leading the market with a 43.2% share followed by Arthroscopy. The diagnosis segment contributed a 69.3% share in revenue growth. These endoscopes are used for both large and small animals. It can be rigid, flexible, or have others form.
Global Veterinary Endoscopes Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 265.4 million |
| Estimated Size, 2024 | USD 286.9 million |
| Projected Size, 2034 | USD 625.3 million |
| Value-based CAGR (2024 to 2034) | 8.10% |
There has been a growing prevalence of urinary tract infections (UTIs) and gastrointestinal disorders among pets. With age, pets become more susceptible to conditions such as kidney disease, diabetes, and bladder stones, which culminate into chronic UTIs.
Cystoscopy procedure is of high value in the diagnosis and treatment of lower urinary tract diseases in pets. Similarly, the growing incidences of hematuria, calculi, and neoplasia also increased the demand for Cystoscopy.
Gastroesophageal reflux disease has also been a great concern among pets, which has increased the need for endoscopic procedures. The endoscope allows for the diagnosis of GERD and determines its severity. It provides and detailed inspection of ulcers and other abnormalities present in the tract.
As the pet owner prioritizes their pet health they may seek early detection and management of gastrointestinal disorders. Since the surgeries utilizing veterinary endoscopes are growing the demand for the same is growing among the veterinarians.
Following the past trajectory, the market is expected to continue its growth owing to technological advancements such as the integration of AI with the endoscope. Since AI and machine learning algorithms are good at analyzing the data and imaging patterns, they could provide an accurate and fast diagnosis of underlying ailments.
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The table below offers a comparative analysis of the Compound Annual Growth Rate (CAGR) fluctuations for the global veterinary endoscopes market between the base year (2023) and the current year (2024) over a six-month period.
This examination uncovers significant changes in market performance and highlights trends in revenue generation, giving stakeholders valuable insights into the market’s growth trajectory throughout the year. The first half (H1) encompasses January through June, while the second half (H2) covers July through December.
This overview highlights key changes and trends in revenue growth, offering valuable insights into market dynamics. H1 covers January to June, while H2 spans July to December.
| Particular | Value CAGR |
|---|---|
| H1 | 9.1% (2023 to 2033) |
| H2 | 8.5% (2023 to 2033) |
| H1 | 8.1% (2024 to 2034) |
| H2 | 7.8% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 8.1% in the first half and remain relatively moderate at 7.8% in the second half. In the first half (H1) the market witnessed a decrease of 100 BPS and in the second half (H2) also, the market witnessed a decrease of 70 BPS.
Growing Adoption of Cystoscopy Is Fueling the Market Growth
Chronic UTI prevalence is increasing among the pet populations. The main underlying conditions contributing to UTIs are Kidney disease, diabetes mellitus, Bladder stones, Cushing's disease, etc. These conditions become common within pets as they age leading to recurrent UTIs.
However, acquired or congenital abnormalities can also make pets prone to chronic UTIs. The uncomplicated Bacterial. In the case of cats, UTI incidences are lower than in dogs, but the number of cases is increasing in European countries. The increasing age and female sex make the pet susceptible to UTI.
In veterinary medicine, cystoscopy is of great importance for diagnosis and therapy purposes, especially for evaluating lower urinary tract diseases. Cystoscopy is considered valuable is are Hematuria, Neoplasia, Calculi, Dysuria, and Stranguria among others.
According to the data from the Journal of Veterinary Internal Medicines, the most common lower urinary tract signs noted in dogs are pollakiuria (70%), hematuria (43%), dysuria/stranguria (25%), and urinary incontinence (57%). Thus the growing Urinary tract problem among the pet population is fueling the growth of Cystoscopy procedures, which in turn fosters the market growth of Veterinary endoscopes.
Rise in Gastroesophageal Reflux Disease (GERD) in Pets fuels the Market Growth
GERD is characterized by stomach acid and enzymatic backflow into the esophagus. Serious health risks include esophageal erosion and ulceration. It frequently opens into symptoms like vomiting, regurgitation, wheezing, and discomfort while eating, which often can be misinterpreted as other gastrointestinal disorders.
Veterinary endoscopes help in the diagnosis and treatment of GERD in animals. Inspection by the endoscopic device helps in revealing signs of inflammation, ulcers, or other possible abnormalities leading to GERD in GI tract.
Unlike most of the traditional methods for diagnosis, some of which could be can be invasive, endoscopy presents a minimally invasive method that would put minimal stress on the animal while allowing for the exact localization of the problem area.
Coupled with the priority modern pet owners give to their animals with respect to health matters, early detection, and management of gastrointestinal disorders like GERD have increased the demand for diagnostic tools such as veterinary endoscopes.
Artificial Intelligence can provide new Opportunities for Diagnostic Application of Veterinary Endoscopes
AI is able to analyze in vast volumes of data and detect a pattern, thus improving diagnosis in endoscopic procedures. Artificial Intelligence-powered machine learning algorithms can analyze real-time endoscopic images and videos with an accuracy unreachable by a human eye.
Such algorithms identify subtle abnormalities or very early manifestations of diseases like gastrointestinal disorders or tumors. AI increases veterinary endoscope efficiency by allowing vets to achieve more rapid and correct diagnoses, which directly means better patient outcomes and reduced treatment times.
AI-empowered decision support systems offer case-specific recommendations and evidence-based insights to the veterinarian. These are integrated with fresh research findings and clinical data, providing customized treatment plans and prognoses based on the result of endoscopic procedures.
This helps a veterinarian make an informed decision but also improves the standard of care in general veterinary practice. Artificial intelligence merged with veterinary endoscopes proposes immense chances of market growth for the veterinary endoscope market.
Scope Drag Can Hinder the Adoption of Veterinary Endoscope
Even though the endoscopic procedures are non-destructive, when a veterinarian tries to reach the deeper body region can result in aggressive maneuvering. This can cause scope drag, which is refers to the tissue damage caused during the endoscopic procedures. This can deter veterinarians from adopting endoscopy as a diagnostic option.
Facilities with limited budgets can avoid investing in expensive endoscopic equipment and training. As practitioners opt for safer alternatives, the demand for endoscopic devices may stagnate.
Consequently, the fear of scope drag can result in a preference for alternative diagnostic methods, such as ultrasound or radiography, which are perceived as less invasive and carry fewer associated risks.
Alternative options such as ultrasound, X-rays, Computer topography, MRI etc. are comparatively cheaper and non-invasive options. Hence the cases in which examination of deeper body regions is required the adoption of endoscopes is limited due to scope drag, which can hamper the market growth.
Principal Consultant
The global veterinary endoscopes industry recorded a CAGR of 6.5% during the historical period between 2019 and 2023. The growth of veterinary endoscopes industry was positive as it reached a value of USD 265.4 million in 2023 from USD 189.7 million in 2019.
In the historic period, the market growth was attributed to growing pet ownership, heightened awareness about animal health, and priority for preventive care. As the number of households acquiring pet’s increases, demands for veterinary services also rise consequently. With this, advanced diagnostic tools to ensure the health and well-being of the animals are sought after by the pet owners.
Perception has changed among pet owners regarding regular veterinary care and advanced diagnostic techniques. Such changes in perception have increased the acceptance and demand for endoscopic procedures. As pet owners become more proactive in regard to the health of their pets, interest in preventative care rises. Early diagnoses of health issues through the use of endoscopy appeal to a conscientious pet owner.
The historic trend will continue to fuel the market along with the upcoming trend such as Advances in endoscopic technology, shift towards minimally invasive Techniques, and Increased Pet Insurance Coverage. Improving endoscopic technology, better imaging systems, and flexible instruments increased the potential for veterinarians.
These make procedures much safer and more efficient, thus increasing demand for the procedure of endoscopy. There is a growing interest in minimally invasive procedures by vets and pet owners.
As it offers the opportunity for the diagnosis and treatment of diseases with less risk and faster recovery time, endoscopy is favored. With increasing owners buying pet insurance, there is an inclination towards high-end treatment; hence, endoscopy-based treatments are also included. This would make top-notch veterinary care more accessible.
Tier 1 companies comprise market leaders with a market revenue of above USD 100 million capturing significant market share of 49.60% in global market. These market leaders are characterized by high production capacity and a wide product portfolio.
These market leaders are distinguished by their developmental efforts to introduce innovative product in the market. They provide a wide range of veterinary endoscopes. Prominent companies within tier 1 include Steris, MDS Incorporated, Firefly Global, eKuore, and KARL STORZ SE & Co. KG etc.
Tier 2 companies include mid-size players with revenue of USD 50 to 100 million having presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong market knowledge.
These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Advanced Monitors Corporation, Dr. Fritz Endoscopes GmbH, and Eickemeyer etc.
Compared to Tiers 1 and 2, Tier 3 companies have smaller revenue spouts and less influence. Those in Tier 3 has smaller work force and limited presence across the globe. Prominent players in the tier 3 category are Zhuhai Seesheen Medical Technology Co., Ltd., Biovision Veterinary Endoscopy, LLC, and Others
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The section below covers the industry analysis for the veterinary endoscopes market for different countries. Market demand analysis on key countries in several regions of the globe, including North America, Latin America, East Asia, South Asia, Western Europe, Eastern Europe, and Middle East and Africa (MEA), is provided.
The United States is anticipated to remain at the forefront in North America. In Asia Pacific, China is projected to witness a CAGR of 6.9% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| Canada | 4.4% |
| Germany | 2.5% |
| France | 4.1% |
| Italy | 3.7% |
| China | 8.1% |
| South Korea | 6.4% |
| Japan | 3.3% |
Germany’s veterinary endoscopes market is poised to exhibit a CAGR of 2.5% between 2024 and 2034. Currently, it holds the highest share in the European market, and the trend is expected to continue during the forecast period.
In Germany, the rate of pet keeping is very high, amounting to 46 percent or 27 million animals. This trend has been rising sharply as more and more pet owners become conscious of their responsibility to provide health care in totality to their animal companions, so increasing the demand for routine check-ups, specialized treatments, and preventive care measures.
Due to this change in attitude, the number of consultations and various procedures by veterinarians has increased. Veterinary clinics in Germany are joining this trend by investing in state-of-the-art diagnostic and surgical instruments to be better equipped to take care of their patients in the best possible manner.
This will led to expansion of the German veterinary care market in the ensuing years. Just those veterinary clinics that can advance themselves through new technologies and provide high-quality, individual care will succeed in this booming industry.
North America, spearheaded by the USA currently holds around 25.0% share of the global veterinary endoscopes industry. North America’s market is anticipated to grow at a CAGR of 2.5% throughout the forecast period.
The growing pet-owning households, especially for dogs and cats, at 62 million and 37 million, respectively, present a huge customer base in need of veterinary care. Increased trend in pet ownership automatically raises the demand for advanced diagnostic and therapeutic instruments like veterinary endoscopes.
This could be measured by the average number of pets in each household, 1.46 dogs, and 1.78 cats. This reflects the fact that many owners visit veterinarians and go through surgical procedures. Owners demonstrate willingness to spend on their pets' health, with an average expenditure of USD 367 a household on dog care and USD 253 on cat care yearly.
By the year 2030, it is projected that there will be a deficit of veterinarians by about 15,000. Currently, there exists an acute shortage of qualified practicing veterinarians amidst a soaring demand for pet care.
Veterinary endoscopy represents an accurate and minimally invasive method of diagnosis related to gastrointestinal disorders, respiratory issues, and urinary tract anomalies. This not only advances the quality of diagnosis but also helps in timely and effective treatment options, which indeed are changing standards of health care for USA pets.
There are 51 million pet dogs and 65 million pet cats in the urban areas alone. This highlights the need for veterinary services in such areas. Many people adopt pets for emotional well-being and to have companionship.
The increasing middle class and rise in their living standards have further catalyzed the pet care industry. Pet owners are willing to invest in high-quality healthcare for pets. This includes advanced diagnosis methods that ensure early detection and effective treatment of medical conditions.
The distribution of pet clinics in first-tier and new first-tier cities is around 36% of the total number of clinics in China. These cities are characterized by higher disposable incomes that support the growing infrastructure of advanced veterinary services. This includes state-of-the-art veterinary technologies like endoscopy that provide the option for minimally invasive yet accurate diagnostics and treatments.
The section contains information about the leading segments in the industry. By procedure type, the gastrointestinal tract endoscopy segment is estimated to contribute 43.2% market share in 2024. Additionally, the diagnostic application is projected to record 69.3% market share.
| Product | Gastrointestinal Tract Endoscopy |
|---|---|
| Value Share (2024) | 43.2% |
The Gastrointestinal Tract Endoscopy segment rules the market by revenue and is likely to continue doing so by accounting for almost 43.2% of the market share in 2024. Gastrointestinal tract endoscopy forms the most practiced procedure type in the veterinary endoscopes market.
The most common pathologies include inflammatory bowel diseases, gastrointestinal foreign bodies, and tumors in companion animals. GI endoscopy offers a greater diagnostic potential than other imaging modalities since it permits examination of the mucosa.
This will allow for the identification of lesions or anomalies, such as ulcers or polyps, and collecting biopsy samples for histopathological study, which are very important in determining diagnosis and guiding therapeutic decisions.
GI endoscopy is of extreme benefit in veterinary medicine practice due to its minimally invasive nature. There is reduced discomfort for the patient, very short recovery time, and far fewer risks involved in using these new methods, when compared to traditional surgical approaches. These less-invasive procedures are primarily liked by owners and vets, and hence, increasing their acceptance and adoption in clinical practice.
| Material | Diagnostic |
|---|---|
| Value Share (2024) | 73.5% |
Veterinary endoscopy has wide applications in the diagnostic field of pets care since it lets one have a non-invasive, detailed look inside organs and tissues. The structures, such as the esophagus, stomach, upper small intestine, and the colon in dogs and cats, can be directly visualized by the veterinarian using an endoscope to recognize any abnormality, obstructive conditions, tumors, and inflammatory diseases like IBDs.
The methodology enables diagnosis with an accurate examination of abnormal swellings, tissue inflammation, or even symptoms of gastrointestinal foreign bodies like toys or bones.
Regarding conditions like abnormal abdominal swellings-the cause for which may range from tumors to fluid accumulation-endoscopy gives a direct method to explore and diagnose without the need for exploratory surgery.
Similarly, in the case of chronic gastrointestinal problems such as IBD diagnosis, tissue samples can be obtained through endoscopy that can be further helpful in supporting diagnosis and setting up medication or dietary oriented treatment strategies. The number of diagnosis procedures is always higher than that of surgical intervention.
Key players operating in the veterinary endoscopes market are investing in development of novel endoscopes. Many company are adopting strategies such as merger and acquisition to increase their market presence and expand operations. Market player are also collaborating with other players in the value chain to offer better patient care.
Recent Industry Developments in Veterinary Endoscopes Market
In terms of type, the industry is divided into rigid, flexible, and other types.
The industry is classified by animal into large animals and small animals.
By Application, the industry is bifurcated into surgical/ interventional and diagnostic.
The industry is classified by procedure into arthroscopy, respiratory endoscopy, gastrointestinal endoscopy, urinary & genital tract endoscopy, abdominal endoscopy, ENT endoscopy, and other procedure types.
Key countries of North America, Latin America, East Asia, South Asia, Western Europe, Eastern Europe, and Middle East and Africa (MEA), have been covered in the report.
The global veterinary endoscopes industry is projected to witness CAGR of 8.10% between 2024 and 2034.
The global veterinary endoscopes industry stood at USD 265.4 million in 2023.
The global veterinary endoscopes industry is anticipated to reach USD 625.3 million by 2034 end.
India is set to record the highest CAGR of 9.20% in the assessment period.
The key players operating in the global veterinary endoscopes industry include Steris, MDS Incorporated, Firefly Global, eKuore, KARL STORZ SE & Co. KG, Advanced Monitors Corporation, Dr. Fritz Endoscopes GmbH, Zhuhai Seesheen Medical Technology Co., Ltd., Biovision Veterinary Endoscopy, LLC, and Eickemeyer.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 5.1. By Type 5.2. By Animal 5.3. By Application 5.4. By Procedure 5.5. By Region 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type 6.1. Rigid 6.2. Flexible 6.3. Other Types 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Animal 7.1. Large Animals 7.2. Small Animals 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 8.1. Surgical/ Interventional 8.2. Diagnostic 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Animal 9.1. Arthroscopy 9.2. Respiratory Endoscopy 9.3. Gastrointestinal Endoscopy 9.4. Urinary & Genital Tract Endoscopy 9.5. Abdominal Endoscopy 9.6. ENT Endoscopy 9.7. Other Procedure Types 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. East Asia 10.4. South Asia and Pacific 10.5. Western Europe 10.6. Eastern Europe 10.7. Middle East and Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Type, Animal Type, Application, and Procedure Type for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Steris 20.2. MDS Incorporated 20.3. Firefly Global 20.4. eKuore 20.5. KARL STORZ SE & Co. KG 20.6. Advanced Monitors Corporation 20.7. Dr. Fritz Endoscopes GmbH 20.8. Zhuhai Seesheen Medical Technology Co., Ltd. 20.9. Biovision Veterinary Endoscopy, LLC 20.10. Eickemeyer 20.11. vetOvation
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Veterinary Endoscopes Market
