Veterinary Video Endoscopy Market Regional Analysis:
North American Market Insights
Veterinary video endoscopy market in North America is predicted to account for the largest share of 36% by 2035 impelled by the rising pet insurance coverage. Plans for pet insurance include medical care and services from any US-licensed veterinarian has provided many pet owners in the region a way to reduce the amount of vet bills, and has also increased accessibility of video endoscopy, knowledgeable veterinarians, and compliance with pet insurance
According to estimates, in 2022, there were more than 4 million insured dogs in the US, around a 20% increase over 2021.
APAC Market Insights
The APAC veterinary video endoscopy market is estimated to be the second largest, during the forecast timeframe led by rising personal disposable income. It is expected that factors including tax laws, pay increases, and social welfare programs all have an impact on disposable income levels, which in turn affects consumer spending on non-essential items like pet-related goods and services. As a result, the region has seen a multifold surge in pet ownership during the previous ten years which is expected to serve as the primary driver for the demand for advanced veterinary diagnostics including video endoscopy to treat various conditions in pets. In urban India, over 24% of the more than 1,000 respondents reported net increases in their discretionary income.
