Veterinary Video Endoscopy Market Trends
Growth Drivers
- Rising Trend of Minimally Invasive Procedures – The minimally invasive process of video endoscopy is unquestionably less invasive than veterinary surgery allows for intervention through a very narrow operating channel that enables the examiner to look within an organ or body cavity and obtain diagnostic information and is helpful for the treatment of disorders such as cancer and inflammatory diseases in animals.
- Growing Demand for Electronics- The veterinarian can see the results up close with video endoscopic technologies for animal imaging in real-time on a color TV screen, Windows PCs, laptops, and tablets.
For instance, more than 65% of people on the planet will own smartphones by the end of 2022.
- Rising Cases of Gastrointestinal Illnesses- Endoscopy is a minimally invasive surgery that involves inserting a small camera into the gastrointestinal tract to observe the upper gastrointestinal tract. It is a common and standard procedure in the diagnostic workup of dogs and cats who have gastrointestinal (GI) symptoms.
Challenges
- High Cost of Equipment – Video Endoscopy equipment costs more as they are fitted with advanced video cameras and generally requires the use of anesthesia to meet the specific needs of animal healthcare. These advanced equipment often require extensive research & development which increases the overall cost of the equipment. Besides this, the endoscope must be operated with a specific laptop, cart, and video processor, all of which have substantial acquisition and maintenance costs that ultimately translate into more expensive procedures, especially in wealthy nations including Germany, the United States, Japan, and the United Kingdom where the costs presently vary between USD 800 and USD 2,000.
- Lack of Skilled Professionals Owing to Limited Resources
- Limited Access to Advanced Veterinary Equipment in Remote Areas
