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 : January, 2019 | 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

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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