The global veterinary gastrointestinal endoscopes market is foretold to achieve handsome growth because of the rise in the incidence of digestive disorders in animals. Around the world, there has been a significant prevalence of gastrointestinal parasitic infection affecting cattle each year, as per the Journal of Veterinary Medicine and Animal Health. The incidence of this infection is particularly high in tethered animals, says the journal. A report by Transparency Market Research (TMR) digs deep into more factors that could positively impact the growth of the market in the coming years. It is titled “Veterinary Gastrointestinal Endoscopes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
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However, the world veterinary gastrointestinal endoscopes market is foreseen to be negatively affected by some factors such as the expensive cost of medical procedures involving the usage of endoscopes. Another factor that could slow down the rise in the demand for veterinary gastrointestinal endoscopes includes risks associated with the use of endoscopes. For instance, during esophagogastroduodenoscopy, there could be bleeding from stomach walls. However, the need to examine hematemesis and chronic vomiting in animals and wide usage of veterinary gastrointestinal endoscopes in veterinary clinics and hospitals as an important diagnostic tool are expected to create ample of growth opportunities in the near future.
The world veterinary gastrointestinal endoscopes market could see a classification into robot-assisted, capsule, rigid, and flexible endoscopes, as per product type segmentation. Out of these, flexible endoscopes are expected to collect a larger share of the market. It could be further classified into video and fiber optic endoscopes. Compared to other types of endoscopes, flexible endoscopes could support a deeper examination of the mucosa. Another advantage of using flexible endoscopes is that it could be steered around complex portions.
On the basis of procedure, the world veterinary gastrointestinal endoscopes market could be segregated into colonoscopy and esophagogastroduodenoscopy. High incidence of chronic vomiting, foreign body obstruction, and gastric ulcer in animals is envisioned to help esophagogastroduodenoscopy to exhibit aggressive growth in the market. With respect to end user, the market could be divided into veterinary clinics and hospitals. Among these segments, veterinary hospitals are projected to showcase rapid growth in the coming years. This could be due to the mentoring by trained professionals and availability of advanced equipment in veterinary hospitals. Moreover, animals of different sizes could receive customized endoscopy treatments in these hospitals as part of their services.
Owing to the surge in pet population and rising incidence of gastrointestinal problems in animals, North America could take the driver’s seat of the international veterinary gastrointestinal endoscopes market by the end of 2025. Asia Pacific is prophesied to be a promising market because of increasing awareness about pet insurance and rising adoption of companion animals. Some of the leading companies of the global market are Fujifilm Holdings Corporation, Olympus Corporation, and Infiniti Medical.