Veterinary Lasers Market Research Report 2024
Veterinary Lasers Market Industry Forecast 2023-2030: Size, Share, and Growth Analysis of the Market by Product Type (Therapeutic Lasers, Surgical Lasers), By Animal Type (Dogs, Cats, Others), By Application (Pain & Inflammation Management, Regeneration/ Tissue Repair, Others), By Class Type (Class 2, Class 3, Class 4), By End Use (Veterinary Hospitals & Clinics, Others), and By Region
Veterinary Lasers Market Synopsis
Veterinary Lasers Market was worth USD 97.85 billion in 2023 and is projected to reach USD 192.37 billion by 2032, expanding at a CAGR of 7.8% from 2024 to 2032.
The increase in acute and chronic conditions that impact animals is a significant factor driving the veterinary laser market. Veterinary lasers have found extensive application in the field of veterinary medicine and surgical procedures due to their demonstrated efficacy in providing drug-free, aesthetic-free therapy and expediting the healing process. Veterinarian lasers are utilized to treat a variety of chronic conditions, including gingivitis, stomatitis, neurological, musculoskeletal, and dermatological disorders.
This report on the veterinary laser market predicts that both the demand for and the utilization of veterinary lasers will increase over the forecast period. Increasing laser system adoption by veterinary care providers, technological advancements, strategic moves by market leaders, and rising demand for therapeutic lasers are among the primary factors driving the market's growth.
In the United States, there were approximately 118,624 practicing veterinarians in 2023, as reported by the American Veterinary Medical Association. Additionally, the proliferation of veterinary clinics and hospitals is contributing to the market's growth.The minor veterinary lasers market, a subsegment of the larger medical lasers market, is primarily concerned with the production and diffusion of lasers designed exclusively for veterinary applications. These instruments utilize specific light spectra to treat a wide range of medical conditions in animals.
Top Key Players Involved Are:
"Aesculight Llc (USA), Angiodynamics Inc (USA), Biolase Inc (USA), Bison Medical Co Ltd (South Korea), Cao Group Inc (USA), Cutting Edge Laser Technologies (USA), Dental Laser Center (Russia), Deka Mela Srl (Italy), Elenza Inc (USA), Excel Technologies Ltd (Israel), Fotona Doo (Slovenia), Hoya Conbio (USA), Litecure Llc (USA), Luxarcare Llc (USA), Mectron Spa (Italy), Medelux (USA), Mlt (USA), Pulse Veterinary Technologies Llc (USA), Sciton Inc (USA), Sound Technologies (USA), Syneron Medical Ltd (Israel), Vbs Direct Ltd (Uk), Other Active Players."
The Veterinary Lasers Market Trend Analysis
The increasing trend of pet ownership, particularly in developed regions, has significantly bolstered the veterinary laser market. As owners become more conscious of their pets’ health, demand for advanced veterinary care has surged. Veterinary lasers are widely used for surgical procedures, wound healing, pain management, and rehabilitation in animals. Additionally, rising disposable incomes and willingness to spend on companion animal care are driving growth in this market. Veterinary clinics and hospitals are increasingly adopting laser technology for its precision, reduced pain, and faster recovery times, further fueling market expansion.
Technological innovation in veterinary laser devices presents a lucrative opportunity for market growth. Companies are continuously developing lasers that offer greater efficiency, portability, and customizable wavelengths for specific treatments. These advancements not only enhance the precision of procedures but also allow for less invasive treatments, making lasers a preferred option for both veterinarians and pet owners. Furthermore, the development of cost-effective laser systems with user-friendly interfaces opens up opportunities for smaller veterinary clinics and mobile veterinary services, widening the market reach.
Segmentation Analysis of the Veterinary Lasers Market
The Veterinary Lasers Market is Segmented into Product Type, Animal Type, Application, Class Type, End Use, and Region.
By Product Type, the therapeutic lasers segment is expected to dominate the market during the forecast period.
- In 2023, therapeutic lasers constituted the greatest revenue segment, surpassing 45.55%. This is due to the increasing adoption of therapeutic lasers by veterinary practices and the benefits they provide. Laser therapy, akin to other alternative therapies, is frequently employed in conjunction with other therapeutic modalities to alleviate pain, facilitate wound healing, and diminish inflammation in canines.
- In recent years, the integration of laser medicine with medication therapy has experienced a surge in popularity. Veterinary lasers are extraordinarily effective at, among other things, reducing musculoskeletal pain, postoperative pain, inflammation, and wound healing time. With the increasing recognition and utilization of these non-invasive approaches in veterinary medicine for the care of companion animals, photo biomodulation therapy has gained significant recognition.
By Application, the Pain & Inflammation Management segment held the largest share in 2023.
- In 2023, pain and inflammation management accounted for more than fifty percent of total revenue. Due to the diversity of its manifestations, companion animals have a high prevalence of pain. Pain and inflammation may be induced by chronic conditions and injuries, such as arthritis, necessitating the implementation of multiple therapy sessions in addition to combination therapies. In a 2022 survey conducted by Sound Imaging, veterinary clinic respondents rated the clinical efficacy of laser therapy for the treatment of pain and inflammation as positive by approximately 87%.
- The CAGR for regeneration and tissue restoration is anticipated to be the highest during the forecast period. Laser therapy for nerve regeneration is an emerging field of study in human medicine that is anticipated to affect the veterinary industry as well. In horses, for instance, Regenerative Laser Therapy (RLT) lasers are utilized to remodel and restore ligament and tendon lesions, as well as stimulate collagen production and cell proliferation.
Regional Analysis of the Veterinary Lasers Market
- North America held the largest revenue share of 2023 due to favorable veterinary healthcare infrastructure, upticks in pet expenses, and the presence of significant competitors. One example of a company that provides veterinary lasers for the treatment of eye conditions in animals, including cataracts, glaucoma, and retinal disorders, is the IRIDEX Corporation, headquartered in the United States. The advantages of the company's Cyclo G6 Glaucoma Laser and DioVet System over cryotherapy include enhanced precision and decreased postoperative discomfort in the context of transscleral glaucoma and retinal procedures.
- Asia-Pacific is anticipated to experience the highest CAGR during the period of projection, at 9.20%. This phenomenon can be attributed to the emergence of veterinary laser enterprises in developing countries and the competitive presence of regional firms. The Berylas, Harlas, and Cheryl's product lines are distributed under the Veterinary Lasers brand by the Chinese firm Wuhan Dimed Laser Technology Co., Ltd. Arthritis, back pain, injuries, surgical incisions, and nasal congestion are among the conditions that they are employed to treat.
Top Key Players Covered Veterinary Lasers Market
- Aesculight LLC (USA)
- Angiodynamics Inc (USA)
- Biolase Inc (USA)
- Bison Medical Co Ltd (South Korea)
- Cao Group Inc (USA)
- Cutting Edge Laser Technologies (USA)
- Dental Laser Center (Russia)
- Deka Mela Srl (Italy)
- Elenza Inc (USA)
- Excel Technologies Ltd (Israel)
- Fotona Doo (Slovenia)
- Hoya Conbio (USA)
- Litecure LLC (USA)
- Luxarcare LLC (USA)
- Mectron Spa (Italy)
- Medelux (USA)
- MLT (USA)
- Pulse Veterinary Technologies LLC (USA)
- Sciton Inc (USA)
- Sound Technologies (USA)
- Syneron Medical Ltd (Israel)
- VBS Direct Ltd (UK)
- Other Active Players
Key Industry Developments in the Veterinary Lasers Market
- In July 2023, Cutting Edge Laser Technologies partnered with the Veterinary Academy of Higher Learning (VAHL) to advance veterinary rehabilitation education. This collaboration will provide VAHL-certified programs, including Canine and Equine Rehabilitation, with Cutting Edge's advanced Class IV MLS laser technology. The partnership, in association with the University of Tennessee, aims to enhance treatment for pain, inflammation, and tissue regeneration in animals, improving both rehabilitation outcomes and continuing education for veterinary professionals.
|
Veterinary Lasers Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 97.85 billion |
|
Forecast Period 2023-32 CAGR: |
7.8 % |
Market Size in 2032: |
USD 192.37 billion |
|
Segments Covered: |
By Animal Type |
|
|
|
By Product |
|
||
|
By Application |
|
||
|
By Class Type |
|
||
|
By End-Use |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Veterinary Lasers Market by Product Type
4.1 Veterinary Lasers Market Snapshot and Growth Engine
4.2 Veterinary Lasers Market Overview
4.3 Therapeutic Lasers
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market
Frequently Asked Questions
What would be the forecast period in the Global Veterinary Lasers Market research report?
The forecast period in the Global Veterinary Lasers Market research report is 2024- 2032.
Who are the key players in the Global Veterinary Lasers Market?
Aesculight Llc (USA), Angiodynamics Inc (USA), Biolase Inc (USA), Bison Medical Co Ltd (South Korea), Cao Group Inc (USA), Cutting Edge Laser Technologies (USA), Dental Laser Center (Russia), Deka Mela Srl (Italy), And Other Major Players.
What are the segments of the Global Veterinary Lasers Market?
The Veterinary Lasers Market is Segmented into Product Type, Animal Type, Application, Class Type, End Use, and Region. Product Type the market is categorized into (Therapeutic Lasers and surgical Lasers), Animal Type market is categorized into (Dogs, Cats, and Others), Application the market is categorized into (Pain & Inflammation Management, Regeneration/ Tissue Repair, Others) Class Type the market is categorized into (Class 2, Class 3, Class 4), End-Use the market is categorized into (Veterinary Hospitals & Clinics, Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Global Veterinary Lasers Market?
The increase in acute and chronic conditions that impact animals is a significant factor driving the veterinary laser market. Veterinary lasers have found extensive application in the field of veterinary medicine and surgical procedures due to their demonstrated efficacy in providing drug-free, aesthetic-free therapy and expediting the healing process. Veterinarian lasers are utilized to treat a variety of chronic conditions, including gingivitis, stomatitis, neurological, musculoskeletal, and dermatological disorders.
How big is the Global Veterinary Lasers Market?
The Veterinary Lasers Market was worth USD 97.85 billion in 2023 and is projected to reach USD 192.37 billion by 2032, expanding at a CAGR of 7.8% from 2024 to 2032.
