Veterinary endoscopes Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

ASTORIA, N.Y. - July 19, 2022 - PRLog -- The increasing pet adoption is the main factor is contributing factor in the veterinary industry. Furthermore, the increasing number of diseases in the animal is also contributing to the increasing market of the veterinary endoscope industry.  For instance, according to Vikaspedia, the total Livestock population is 535.78 million in the country showing an increase of 4.6% over Livestock Census 2012, and the total Bovine population (Cattle, Buffalo, Mithun, and Yak) is 302.79 Million in 2019 which shows an increase of 1.0% over the previous census. Furthermore, the increasing efforts on animal conservation also have significance on the market for endoscopes in veterinary treatment.

According to UnivDatos Market Insights (UMI)'  research report "Global Veterinary endoscopes Market Analysis, 2021", the veterinary endoscopes market is projected to grow at a CAGR of ~7% during 2021-27F. The rising population of pets and the diseases among them are the factors that drive the worldwide demand for efficient diagnostic solutions augmenting the growth of the veterinary endoscopes market globally.

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Based on the type, the market is segmented into rigid, flexible, and others. The flexible endoscope is expected to witness significant market growth during the forecast period. It is mainly due to its uses for the diagnosis of different organs and diseases. Furthermore, the flexible endoscopes provide images of the internal organs such as the liver and also enable the videography of the organ. Moreover, the advancements in fiber optics are responsible for the significant growth of the flexible endoscope segment in the veterinary market. For instance, in October 2020, Olympus Corporation announced the launch of ENDO-AID, a cutting-edge platform powered by artificial intelligence (AI) and including the endoscopy application ENDO-AID CADe (computer-aided detection) for the colon.