The “Veterinary Lasers Market” refers to the market for medical laser equipment designed and used specifically in veterinary care. When treating animals, veterinarians employ these lasers for a range of therapeutic and surgical operations.
Veterinary lasers are more precise, less prone to complications, and cause less tissue damage than traditional surgical methods. They can be used for a range of medical procedures, including ophthalmic surgery, dental operations, cancer removal, wound care, and therapy for rehabilitation.
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The market for veterinary lasers is anticipated to increase in value from US$ 205.8 million in 2023 to US$ 505.4 million by 2033. From 2023 to 2033, the veterinary lasers market will grow at a CAGR of 9.4%.
The expansion of the market for veterinary lasers is significantly influenced by the rise in pet ownership. The market for veterinary lasers is predicted to rise strongly due to rising pet ownership and spending. Some of the key elements propelling market expansion include rising demand for therapeutic lasers, technical advancements, wise corporate moves, and increased use of laser systems by veterinary healthcare professionals.
Rising Popularity of Non-Invasive Methods Boosts Market Growth
Since there is a greater demand for minimally invasive or non-invasive medical treatments for disorders that afflict animals, the market for veterinary lasers may expand. The popularity of using veterinary lasers in therapeutic techniques is rising. Contrary to conventional surgical equipment, lasers do not inflict pain or suffering on animals.
These devices work by directing a laser beam at a therapeutic area utilising particular light wavelengths. The healthy tissue surrounding the treatment region is shielded from damage by the use of lasers. Due to their shown ability to lessen discomfort, accelerate healing, and almost remove scarring, veterinary lasers are becoming more and more popular among pet owners.
Unleashing Opportunities: The Rising Demand for Pet Care Services Fuels Expansion Potential
Over the past 10 years, as pet ownership rates have climbed and animal welfare organisations throughout the world have intensified their efforts with the assistance of favourable legislative rules, there has been an increase in demand for top-notch and cutting-edge pet care services.
The ability to manage the expenditures associated with caring for animals is improving for both pet owners and animal care providers. Government funding is a common practise, which increases the demand for and size of the market for veterinary lasers.
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North America: Leading the Way in Innovation and Economic Power
The fact that the United States controls the majority of the regional market indicates that North America will probably have the quickest growth. Some of the causes driving this rise include increasing pet adoption rates, a competent labour force, and a robust healthcare system that supports veterinary care facilities. More people are ready to pay for their pets’ medical care, and the number of organisation dedicated to protecting animals is growing.
The local industry might benefit from the expanding collaborations amongst veterinary laser manufacturers to broaden the market for their products and services as well as from the increasing financing for R&D to enhance technological developments. Europe may generate enormous revenue as a result of a strong emphasis on animal care, rising pet adoption rates, and helpful medical regulations.
Key Takeaways:
- The United States might increase its veterinary lasers market share by 19.6% between 2023 and 2033.
- North America to grab a market share of 28.2% between 2023 and 2033.
- European veterinary lasers industry to acquire a share of 23.7% from 2023 to 2033.
- Between 2023 and 2033, India to develop at a CAGR of 8.3% of the veterinary lasers industry.
- Japan’s market share of the veterinary lasers industry to be 8.4% between 2023 and 2033.
- During the forecast period, Chinese veterinary lasers business to expand at a CAGR of 8.5%.
- From 2023 to 2033, the United Kingdom veterinary lasers industry to register a 9.7% CAGR.
- The therapeutic and surgical lasers segment of the product category is predicted to acquire a market share of 43.17% by 2033.
- The Class 3 type laser segment to hold a market share of 45.64% in the laser type category between 2023 and 2033.
- The veterinary hospitals segment to acquire a substantial veterinary lasers market share of 40.9% in the end user category between 2023 and 2033.
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The veterinary lasers business is developing and consolidating. Competitive price strategies, alliances, product expansion, sales and marketing initiatives, and mergers and acquisitions are just a few of the strategic initiatives used by veterinary lasers manufacturers.
Key Players:
- Cutting Edge Laser Technologies
- BIOLASE, Inc.
- Aesculight Llc
- LiteCure LLC
- ERCHONIA CORPORATION
- Laserex Technologies Pty Ltd
- Respond Systems, Inc.
- Technological Medical Advancements, Inc.
- Pivotal Health Solutions
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Key Segments
By Product:
- Therapeutic Veterinary Lasers
- Surgical Veterinary Lasers
- Therapeutic And Surgical Veterinary Lasers
By Laser Type:
- Class 2 Veterinary Lasers
- Class 3 Veterinary Lasers
- Class 4 Veterinary Lasers
By End user:
- Vet Hospitals
- Vet Clinics
- Others
By Region:
- North America
- Western Europe
- Latin America
- Eastern Europe
- APECJ
- China
- Japan
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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