#Endoscopy Device Market size

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United States endoscopy devices market size is projected to exhibit a growth rate (CAGR) of 6.79% during 2024-2032. The rising incidence of gastrointestinal diseases, such as colorectal cancer, inflammatory bowel disease, and gastroesophageal reflux disease, which has led to an increased demand for endoscopic procedures for both diagnosis and treatment, is driving the market.

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United States Endoscopy Device Market is expected to reach US$ 17.41 Billion by 2030

Renub Research forecasts the United States Endoscopy Devices Market to reach around US$ 17.41 Billion by 2030. Endoscopy, a minimally invasive medical procedure, diagnoses, prevents, and treats visceral organ complications. Endoscopes, crucial in this procedure, inspect interior hollow organs or cavities via natural openings or incisions, like arthroscopy. These devices, equipped with features…

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Endoscopy Devices Market Analysis by Demand, Companies, Growth Drivers and Forecast 2023-2028

IMARC Group has recently released a new research study titled “Endoscopy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. How big is the endoscopy devices market? The global…

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ntent="Endoscopy Devices Market, Endoscopy Devices Market Size, Endoscopy Devices Market Share, Endoscopy Devices Market Trends, Endoscopy Devices Market Analysis, Endoscopy Devices Market Growth, Endoscopy Devices Market Forecast, Endoscopy Devices Market Report, Endoscopy Devices Industry Report, Endoscopy Devices Industry, Endoscopy Devices Market Research, Endoscopy Devices Market Outlook, Endoscopy Devices Market Overview" /><meta name="description" content="The Global Endoscopy Devices Market is expected to reach USD 35.31 billion in 2023 and grow at a CAGR of 6.56% to reach USD 48.52 billion by 2028. Medtronic PLC, Olympus Corporation, Cook Group Incorporated, Johnson & Johnson, Boston Scientific Corporation are the major companies.

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Endoscopy Operative Devices Market Segmented On The Basis Of Product, Application, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 30 Aug 2023: The Report Endoscopy Operative Devices Market Size, Share & Trends Analysis Report By Product (Access Devices, Energy Systems), By Application (Gastrointestinal (GI) Endoscopy, Laparoscopy), By Region, And Segment Forecasts, 2021 – 2028 The global endoscopy operative devices market size is expected to reach USD 11.7 billion by 2028, according to a new report by Grand…

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Endoscopy Devices 2024 Industry Report Potential Growth, Share, Demand And Forecast to 2030

Endoscopy Devices Industry Overview

The global endoscopy devices market size was valued at USD 54.4 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030.

The less invasive properties and affordable post and pre-procedure cost of endoscopy devices are the major factors anticipated to boost the market growth over the forecast period. Furthermore, a shift in trend to use disposable endoscopic components to minimize the procedure cost as well as the chance of cross-contamination is also expected to accelerate market growth over the years.

In addition, the growing chronic disease burden and increasing geriatric population all over the globe are also anticipated to fuel the adoption of tracadvanced endoscopic devices such as wireless capsule endoscopy and high definition camera & camera systems during the coming years. Moreover, growing medical conditions due to the increasing geriatric population often require endoscopic intervention such as liver abscess, gall stones, endometriosis, and intestinal perforation, which in turn anticipated to drive the market for endoscopy devices over the forecast years. For instance, as per the Administration on Aging (AoA) of the U.S. Department of Health and Human Services report, about 16% of the population were aged above 65 years during 2019. This number is expected to increase to 21.6% by 2040.

Gather more insights about the market drivers, restrains and growth of theEndoscopy Devices Market

In addition, increasing preference by a medical professionals to use technologically advanced endoscopy devices equipped with a high-definition camera and light sources to help physicians analyze internal organs of interest also drives the market. For example, Stryker, Olympus Corporation, Fujifilm Holdings Corporation are some of the key pioneers in high definition camera systems. The shift of preference towards minimally invasive surgical procedures than traditional surgeries to reduce hospital stay and minimize post-procedure complications are the major factors anticipated to fuel the demand for endoscopy devices. Hence, factors such as higher patient satisfaction, increased economic viability, and lesser hospital stay are expected to increase the demand for minimally invasive endoscopic interventions in the coming years, thereby accelerating market growth.

Furthermore, the growing burden of cancer all over the world also fuels the adoption of endoscopy devices for the early diagnosis and treatment of the disease. For instance, according to GLOBOCAN 2020 estimates 19.3 million new cancer cases worldwide and almost 10 million death occurred in 2020 due to cancer. In addition, the increasing preference for biopsies for diagnosis and detection of cancer in recent years is also likely to increase the adoption of endoscopic devices, which in turn is anticipated to drive the market for endoscopy devices over the years.

Technological advancement to develop innovative endoscopic devices is also anticipated to accelerate market growth during forecast periods. The key manufacturers are continuously looking forward to innovating advanced endoscopic solutions for better treatment and diagnosis of several chronic disorders. For instance, in August 2021, Fujifilm Holdings Corporation announced the commercial launch of the ELUXEO 7000X endoscopic Imaging System. This advanced imaging system enables real-time visualization of hemoglobin oxygen saturation (StO2) levels in tissue during laparoscopic and/or endoluminal imaging procedures.

Browse through Grand View Research's Medical Devices Industry Research Reports.

The global endoscopes market size was valued at USD 20.3 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2030.

The global ambulatory surgery centers market size was estimated at USD 134.95 billion in 2023 and is expected to expand at a CAGR of 6.25% during the forecast period.

Key Endoscopy Devices Company Insights

Some of the key players operating in the market include Olympus Corporation (Olympus), Boston Scientific, and Stryker. Whereas, some of the emerging market players in the industry are CONMED Corporation, Richard Wolf GmbH, and Medtronic.

Olympus Corporation is one of the market leader and is a medical technology company offering medical systems, such as endoscopes and endoscopy products. The company is leading innovator in designing & adopting technologically advanced solutions. The company houses world-class R&D resources & facilities and therefore, are one of pioneering companies in the endoscopes industry,

Boston Scientific is a renowned player in the medical devices industry and the company devises numerous strategies in the form of collaborations and partnerships to expand their business geographies.

FUJIFILM Holdings Corporation is another dominant player in the endoscopes industry and focuses on innovating novel therapies and technologies. FUJIFILM utilizes their R&D capabilities to advance their product offerings.

PENTAX Medical is a division of HOYA Group delivering endo-imaging solutions. The company has manufacturing and R&D innovation centers in the U. S., Japan, and Europe. The company utilizes their innovation capabilities and devises their merger & partnership strategies to grow across various business geographies.

Recent Developments

In November 2023, Olympus Corporation, launched EVIS X1, a next-generation endoscopy system for the Chinese market and demonstrated this endoscopy system at the 6th annual China International Import Expo that was held in Shanghai from November 5th -10th.

In January 2023, FUJIFILM India launched FushKnife, a diathermic slitter and ClutchCutter, a rotatable forceps and this was introduced at the 63rd Annual Conference of Indian Society of Gastroenterology-ISGCON held in Jaipur.

Order a free sample PDF of the Endoscopy Devices Market Intelligence Study, published by Grand View Research.

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Smart Pills Technology Market: Size, Share & Growth Analysis

The smart pills technology market is witnessing significant growth due to its potential to revolutionize the healthcare industry. These advanced pills, embedded with sensors, cameras, and other technologies, are designed to provide real-time monitoring and data collection within the digestive system. This innovation offers a host of benefits, including improved diagnostic accuracy, enhanced patient compliance, and personalized treatment plans.

Market Overview

Smart pills, also known as ingestible sensors or digital pills, are gaining traction due to their ability to seamlessly integrate with existing healthcare systems. The market is driven by several factors, including increasing prevalence of chronic diseases, rising demand for remote monitoring solutions, and advancements in technology. Healthcare providers and patients alike are recognizing the value of these devices in managing health conditions more effectively and efficiently.

Global Smart Pills Technology Market size was valued at USD 866.61 billion in 2022 and is poised to grow from USD 944.57 billion in 2023 to USD 7500 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

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Recent developments in smart pill technology have led to the creation of more sophisticated and user-friendly devices. These advancements are facilitating better patient engagement and adherence to prescribed treatment regimens. As a result, the smart pills technology market is expanding rapidly, with a growing number of players entering the space and contributing to its evolution.

Market Segmentation

To understand the smart pills technology market more comprehensively, it is essential to examine its segmentation. The market can be segmented based on several criteria, including:

1. By Technology:

   - Capsule Endoscopy: These smart pills are equipped with a camera and light source to capture images of the gastrointestinal tract. They are primarily used for diagnosing and monitoring gastrointestinal conditions.

   - Ingestible Sensors: These smart pills contain sensors that track various physiological parameters, such as pH levels, temperature, and pressure, providing valuable insights into the body's internal environment.

   - Drug Delivery Systems: Smart pills with integrated drug delivery systems are designed to release medication at specific sites within the digestive system, enhancing targeted treatment.

2. By Application:

   - Diagnostic Imaging: Smart pills used for diagnostic imaging provide detailed views of internal organs and tissues, aiding in the diagnosis of conditions such as gastrointestinal disorders and cancers.

   - Chronic Disease Management: These smart pills assist in the continuous monitoring of chronic conditions, such as diabetes and cardiovascular diseases, by tracking relevant biomarkers and patient data.

   - Drug Adherence Monitoring: Smart pills designed for drug adherence monitoring help track whether patients are following their prescribed medication schedules, thereby improving treatment outcomes.

3. By End-User:

   - Hospitals and Clinics: Healthcare facilities utilize smart pills for patient diagnostics and monitoring, improving the overall efficiency and accuracy of medical procedures.

   - Research and Development: Smart pills play a crucial role in clinical trials and research studies, providing researchers with valuable data for developing new treatments and therapies.

   - Home Care: With the rise of remote monitoring and telehealth, smart pills are increasingly used in home care settings to enable patients to manage their health conditions from the comfort of their homes.

4. By Region:

   - North America: This region is a major market for smart pills technology, driven by advanced healthcare infrastructure, high adoption rates of new technologies, and significant investments in research and development.

   - Europe: The European market is also experiencing growth due to increasing awareness of smart pill technologies and supportive regulatory frameworks.

   - Asia-Pacific: Rapid advancements in technology and growing healthcare needs are contributing to the expansion of the smart pills market in this region.

   - Latin America and Middle East & Africa: These regions are expected to witness gradual growth as healthcare systems evolve and the demand for innovative medical technologies increases.

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Smart Pills Technology Market Top Player's Company Profiles

Medtronic plc

Philips Healthcare

Olympus Corporation

Boston Scientific Corporation

CapsoVision, Inc.

GE Healthcare

Fujifilm Holdings Corporation

IntroMedic Co., Ltd.

Medisafe

Given Imaging Ltd.

Vitality, Inc.

MC10 Inc.

Johnson & Johnson

Siemens Healthineers

Novartis AG

Becton, Dickinson and Company

Proteus Biomedical, Inc.

Pentax Medical

Microchips Biotech, Inc.

In conclusion, the smart pills technology market is on a promising trajectory, with numerous opportunities for growth and development. Understanding the market segmentation provides valuable insights into the diverse applications and potential of smart pills, highlighting their role in transforming healthcare delivery and patient management. As technology continues to advance, the smart pills market is set to become an integral part of modern medical practices, offering enhanced capabilities and improved outcomes for patients and healthcare providers alike. Buy your full report @ https://www.skyquestt.com/buy-now/smart-pills-technology-market

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Endoscopic Clips Market Size & Share to Surpass USD 632.5 million by 2031

The endoscopic clips industry was worth US$ 383.7 million in 2022. By the end of 2031, it is expected to reach US$ 632.5 million, growing at a CAGR of 5.8% during the forecast period. The use of robotic-assisted surgery in combination with endoscopic procedures is on the rise.

With endoscopic clips designed to integrate with robotic systems in the future seamlessly, minimally invasive surgeries may be enhanced in precision and control. Medical device manufacturers are researching biodegradable materials. There is a possibility of biodegradable endoscopic clips in the future, which would eliminate the need to remove the clips in some cases.

This would likely result in fewer long-term complications. Over the past few years, global healthcare expenditures have increased, enabling the development of advanced medical technologies, including endoscopic clips. Innovative endoscopic clip products can be developed, commercialized, and researched by providing financial support.

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Key Findings of the Market Report

By 2022, North America dominated the endoscopic clips market.

Based on application, the hemostasis segment will drive market growth for endoscopic clips.

In terms of end-users, the hospital segment is predicted to drive demand for endoscopic clips.

Manufacturers of endoscopic clips are developing advanced and specialized clips for niche medical applications.

Global Endoscopic Clips Market: Key Players

Several major players hold major market share in the global endoscopic clips industry. Endoscopic clip market trends are driving manufacturers to develop sophisticated and specialized endoscopic clips for niche medical uses. Their production strategy also emphasizes reducing costs and increasing the quality of their endoscopic clips.

Cook Endoscopy

Olympus America

Boston Scientific Corporation

CONMED Corporation

Medtronic

Ovesco Endoscopy AG

Global Endoscopic Clips Market: Growth Drivers

Laparoscopic and endoscopic procedures use endoscopic clips to minimize damage. Less invasive surgeries are becoming more popular, leading to an increase in endoscopic clip demand. The number of gastrointestinal disorders is rising, including polyps, tumors, and gastrointestinal bleeding. The demand for these medical devices is boosted by using endoscopic clips to treat and manage these conditions.

Enhanced imaging capabilities and flexible endoscopes make endoscopic procedures more effective as technology advances. The use of endoscopic clips facilitates the increased adoption of these technologies. Globally, diseases and conditions requiring medical intervention are rising as the population ages. GI issues are more common among older individuals, increasing their need for endoscopic procedures and clips.

Endoscopic clips have been used in various medical fields, including urology, gastroenterology, and gynecology. Endoscopic clips are widely accepted and adopted because of their versatility in different medical field. Patient preferences are shifting towards less invasive treatment options due to decreased pain, faster recovery, and fewer hospital stays. To minimize trauma to the body, endoscopic clips are being used in procedures that focus on patient-centric care.

Increased awareness among healthcare professionals and continuing education initiatives enhance the proper use of endoscopic clips in clinical settings. The endoscopic clip market's growth depends on regulatory approvals for new products and technologies. Research and development are encouraged by positive regulatory environments and approvals.

Global Endoscopic Clips Market: Regional Landscape

Endoscopic clips are expected to be most popular in North America. The United States and Canada will likely drive demand for endoscopic clips. Inflammatory bowel diseases and colorectal cancer are relatively common in North America. These conditions are commonly diagnosed and treated using endoscopic clips, which contributes to their demand.

North America is a leader in healthcare technology. As endoscopic technologies advance and clip designs and functionality improve, the demand for endoscopic clips increases. Medical specialists in different specialties perform diagnostic and therapeutic endoscopic procedures in the region. It is expected that the demand for these clips will increase as endoscopic clips become increasingly popular during these procedures for controlling bleeding, securing tissue, and closing incisions.

Investing in advanced medical technologies is possible in North America due to its relatively high healthcare expenditures. Innovations in endoscopic clips are made possible through this financial support. Due to the well-established regulatory environment in North America, medical devices are subject to strict safety and efficacy standards. Because of this regulatory support, healthcare professionals feel more confident about using the product and the market grows.

Global Endoscopic Clips Market: Segmentation

By Application

Endoscopic Marking

Hemostasis

Mucosal/Submucosal Defects

Bleeding Ulcers

Bleeding Arteries

Polypectomy Sites

Others

By End User

Hospitals

Ambulatory Surgical Centers

Clinics

Others

By Region

North America

Latin America

Asia Pacific

Europe

Middle East & Africa

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Colorectal Cancer Screening Market Primed for Growth due to Rising Disease Prevalence

The colorectal cancer screening market involves various procedures and diagnostic tests for early detection and prevention of colorectal cancer. Some common screening methods include fecal occult blood tests, flexible sigmoidoscopy, double-contrast barium enema, and colonoscopy. Colorectal cancer screening helps detect precancerous polyps or early stage cancer that can often be treated successfully. It also aids in lowering the incidence and mortality of this preventable disease.

The global colorectal cancer screening market is estimated to be valued at US$ 15.44 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the colorectal cancer screening market are Polymedco Inc., Eiken Chemical Co. Ltd., Sysmex Corporation, Siemens Healthineers AG, Quidel Corporation, Novigenix SA, Hemosure Inc., Exact Sciences Corp., Epigenomics Inc., Olympus Corporation, Clinical Genomics Technologies Pty Ltd., Exact Sciences Corporation, Clinical Genomics, Guardant Health, Inc., Hemosure Inc., and Geneoscopy, Inc. These players are focused on launching advanced and easy-to-use screening tests to expand their presence.

The Colorectal Cancer Screening Market Size for players to leverage the growing awareness about early detection and increase screening rates in developing countries. Companies are engaging in partnerships and collaborations to penetrate developing markets and make screening accessible to a wider population.

Globally, there is an increasing focus on population-based screening programs to reduce the burden of colorectal cancer. Several regions have implemented organized screening programs through healthcare facilities. Meanwhile, growing pilot programs in Asian and Latin American countries indicate the potential for market expansion. Market Drivers

The rapid rise in colorectal cancer incidence worldwide due to lifestyle changes, obesity, and Colorectal Cancer Screening Market Size And Trends It is estimated that the number of new cases diagnosed each year will increase by 60% by 2030. Growing disease prevalence enhances the need for widespread screening practices to detect cancer at treatable stages. Additionally, increasing reimbursement for FDA-approved screening tests, favorable government initiatives, and rising awareness about early detection are supporting the adoption of screening worldwide. PEST Analysis Political: Government regulations and healthcare reforms impact the adoption of colorectal cancer screening tests. Favorable reimbursement policies can boost the market growth. Economic: Rising healthcare expenditures and growing disposable incomes encourage people to opt for preventive healthcare check-ups including colorectal cancer screening tests. Social: Increasing awareness about early detection benefits, changing lifestyles, and growing geriatric population drive the demand for colorectal cancer screening. Technological: Advancements in biopsy techniques, endoscopy devices, diagnostic platforms enable detection of colorectal cancer at an early stage. Novel non-invasive tests based on blood, stool and CSF analysis are gaining traction.

Colorectal cancer screening market in terms of value is highly concentrated in developed regions like North America and Western Europe due to established healthcare infrastructure and widespread awareness. The United States dominates the market owing to favorable reimbursement policies and regular screening recommendations.

Asia Pacific is recognized as the fastest growing regional market for colorectal cancer screening attributed to rising healthcare spending, growing number of screening programs, and increasing incidence of colorectal cancer cases especially in China, Japan and India. Improving diagnostic capabilities and economic development are expected to boost early detection in Asia Pacific over the forecast period. Get More Insights On, Colorectal Cancer Screening Market About Author: Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163

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Introduction to Veterinary Endoscopy: Techniques and Applications

The global veterinary endoscopy market size was USD 205.1 Million in 2022 and is expected to register a CAGR of 6.5% during the forecast period. This market involves the use of endoscopes in veterinary medicine, which are medical devices used for diagnostic and therapeutic procedures. Endoscopy allows veterinarians to visualize and treat internal organs and tissues without invasive surgery. One of the primary drivers of growth in the veterinary endoscopy market is the increasing number of pet owners worldwide.

According to the American Pet Products Association (APPA), 67% of US households own a pet, which translates to approximately 85 million homes. The increasing number of pets being adopted, coupled with a growing awareness of animal welfare, has led to increased demand for veterinary care and endoscopic procedures. Another driver of growth in the veterinary endoscopy market is the development of advanced endoscopic technologies. Endoscopy has traditionally been limited to simple procedures such as examining the gastrointestinal tract or the respiratory system. However, recent technological advancements have enabled veterinarians to use endoscopy for more complex procedures such as laparoscopy, thoracoscopy, and arthroscopy. These advancements have expanded the scope of endoscopy and have led to increased demand for these procedures.

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Competitive Terrain:

The global Veterinary Endoscopy industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

KARL STORZ, Olympus Corporation, FUJIFILM Corporation, Eickemeyer, B. Braun SE, STERIS, ESS, Inc., Biovision Veterinary Endoscopy, LLC, Welch Allyn, Dr. Fritz Endoscopes GmbH

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Veterinary Endoscopy market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Veterinary Endoscopy market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Veterinary Endoscopy market.

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Market Segmentations of the Veterinary Endoscopy Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Veterinary Endoscopy market on the basis of product, application, and region:

Segments Covered in this report are:

Product Type Outlook (Revenue, USD Million; 2019–2032)

Fiber Optic Endoscopes

Video Endoscopes

Flexible Endoscopes

Rigid Endoscopes

Others

Animal Type Outlook (Revenue, USD Million; 2019–2032)

Companion

Livestock

End-Use Outlook (Revenue, USD Million; 2019–2032)

Veterinary Hospitals

Veterinary Clinics

Others

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Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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