(EMAILWIRE.COM, February 14, 2019 ) According to the new market research report "Veterinary Endoscopy Market by Product Type (Flexible, Videoscope, Fibreoptic, Rigid), Procedure (Bronchoscopy, Laparoscopy, Gastroduodenoscopy, Colonoscopy, Rhinoscopy), Animal (Companion, Large), End User (Hospitals, Clinics) - Global Forecast to 2023", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities.

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The veterinary endoscopy market was valued at USD 150.2 million in 2017 and is expected to reach USD 219.0 million by 2023, at a CAGR of 6.5%. The base year for this study is 2017 and the forecast period is 2018–2023.

The global market is segmented by product type, procedure, animal type, end user, and region. By product type, the market is segmented into flexible endoscopes, rigid endoscopes, and other endoscopes. The flexible endoscopes segment is expected to dominate the market in 2018. The large share of this segment can primarily be attributed to wider applications of flexible endoscopes compared to rigid endoscopes.

The veterinary endoscopy market is segmented into flexible endoscopy, rigid endoscopy, and other procedures. The flexible endoscopy segment is expected to account for the largest share of the market in 2018. The large share of this segment can primarily be attributed to the increasing number of flexible endoscopy procedures across the globe.

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The global market is segmented by product type, procedure, animal type, end user, and region. By product type, the market is segmented into flexible endoscopes, rigid endoscopes, and other endoscopes. The flexible endoscopes segment is expected to dominate the market in 2018. The large share of this segment can primarily be attributed to wider applications of flexible endoscopes compared to rigid endoscopes.

Based on procedure type, the veterinary endoscopy market is segmented into flexible endoscopy, rigid endoscopy, and other procedures. The flexible endoscopy segment is expected to account for the largest share of the market in 2018. The large share of this segment can primarily be attributed to the increasing number of flexible endoscopy procedures across the globe.

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By animal type, the market is segmented into companion animals, large animals, and other animals. The companion animals’ segment is expected to account for the largest share of the market in 2018. The large share can be attributed to the growing use of veterinary endoscopy for the diagnosis of gastrointestinal diseases in companion animals, increasing awareness about animal health among pet owners, rising pet healthcare expenditure, and the growing companion animal population worldwide.

Major industry players adopted geographical expansions, product launches, and acquisitions to maintain and improve their position in the market. KARL STORZ (Germany), Olympus (Japan), and Fujifilm (Japan) have been identified as key players in this market.