Veterinary Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Veterinary Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : November, 2020 | Medical Devices | PPT format

Report Digest


Global Veterinary Lasers Market: Snapshot

Laser therapy modality forms a valuable tool in the repertoire of veterinary practitioners for surgical and therapeutic purposes. Its popularity stems from the fact that it reduces pain and inflammation and further facilitates the tissue healing for a wide spectrum of diseases in various animals, including pets. In recent years, the modality has made its way to veterinary dental use and for treating tumors in canines. The application of the laser techniques enables veterinarians to treat common cutaneous tumors in dogs. Such lasers typically utilize the properties the carbon dioxide (CO2). Their efficacy in the treatment can be attributed to several attractive benefits such as non-contact dissection, better hemostasis, and reduced chances of intraoperative wound contamination. Such types of veterinary lasers find extensive use in performing oncologic surgery of skin lesions. In this regard, low-level laser therapy, which mainly uses red and near-infrared (NIR) light and functions on the principle of photobiostimulation, occupies a promising role.

A growing number of in vitro studies with regard to the efficacy of laser modality in different animals for surgical and therapeutic purposes imparts a sustained momentum to the growth of the market. However, the results suffer from crucial setbacks. The lack of uniformity in study results across different animal models such as in mouse, horse, and porcine models is a vital factor limiting the application. Furthermore, the lack of standard experimental protocol may confound the problems. However, efforts by device makers to confront these challenges and create technologically-advanced laser products will open new, exciting avenues in the veterinary lasers market. The rising number of pet ownerships in developed countries will also help the market expand rapidly. In the years to come, the market will witness rising number of clinical studies involving pets on evaluation the therapeutic efficacy of lasers. Such developments bode well for the market.

Global Veterinary Lasers Market: Overview

Veterinary lasers find application in treatment of pets. In such a laser therapy, light of particular wavelengths are made to penetrate the injured cells to bring about their recovery. Laser therapy serves to lessen pain and up vascular and metabolic activities and brings about faster healing of wounds through swifter tissue repair. Overall, the market for veterinary lasers is seen making healthy progress due to the efforts of savvy players to build better products. A shining example in this direction is the development of Epic V Series by market player Biolase. The product series can cut faster consuming less power and giving out less heat. This brings down the trauma caused to the pet being treated and also improves the rate of healing.

Global Veterinary Lasers Market: Key Trends

The global market for veterinary lasers is expected to rise at a significant pace in the next couple of years on the back of growth in pet adoption by people on account of a rising disposable income. This coupled with the rising awareness about pet care and a solid network of pet healthcare centers, particularly in advanced western countries, is having a major positive impact on the market.

Another reason behind the swift adoption of veterinary lasers is their non-invasive nature and the swift healing they bring about post-surgery through recovery time. They can be applied on a range of pets, namely avian, feline, equine, canine, and others. All these factors are propelling the growth of the veterinary lasers market.

However, the high cost of veterinary lasers is one factor that is posing a challenge to their sales. Besides, inadequate number of trained professionals to carry out the complex procedures is also affecting market growth.

Global Veterinary Lasers Market: Market Potential

The different types of veterinary lasers being used in the market are therapeutic lasers or low level laser therapy and surgical lasers or high energy laser. Depending upon configuration, the key segments of the market are compact, portable, and bench-top. Veterinary lasers primarily find application in pain therapy and soft tissue surgery. Key end-use segments in its market is veterinary hospitals, veterinary clinics, veterinary hospitals, and others.

Global Veterinary Lasers Market: Regional Outlook

Geographically, the report divides the market for veterinary lasers into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa for the purpose of study. It finds North America and Europe to be key markets among them on account of the high degree of awareness of pet owners in the region about the health of their pets and also the benefits of the procedure. Apart from that, the higher income of people in the region enables them to adopt such costly treatments as well. Asia Pacific, on the other hand, is expected to rise at a moderate pace with growing number of local manufacturers, continued thrust on product development, and popularity of non-invasive treatment methods.

Global Veterinary Lasers Market: Competitive Dynamics

Some of the key players in the global market for veterinary lasers are VBS Direct Limited, Aspen Laser Systems, LLC, SpectraVET Inc., Cutting Edge Laser Technologies, Aesculight, Biolase, Inc., Excel Lasers Limited, and K-Laser, LLC.

The global veterinary lasers market can be segmented into the following:

Veterinary Lasers Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?