Veterinary Laser Market, by Product (Surgical Laser, Therapeutic Laser), Application (Soft Tissue Surgery, Pain Therapy), and End-User (Veterinary Clinic, Veterinary Hospital, Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

The global demand for veterinary lasers is projected to expand due to growing numbers of pet owners and rising spending on pets. Furthermore, expanded government and private partnerships for providing customized care to pets is expected to fuel consumer demand for veterinary lasers in the foreseeable future.

Veterinary Laser Market, Analysis:

Veterinary lasers are used to decrease pain, inflammation, soreness, and injuries for medicinal and clinical applications. Lasers are also effective for treating osteoarthritis, managing pain, and repairing bones. The growing number of severe chronic diseases in animals is a major factor driving the demand for veterinary lasers. Moreover, improvements in veterinary hospitals and clinics have a significant effect on the overall market scenario.

Availability of the safe treatment options is expected to drive the global veterinary lasers market:

The main driver boosting the demand for veterinary lasers is the availability of multiple secure treatment options that take less time, are cost-effective, and offer beneficial benefits. Some other factors that drive the market growth for veterinary lasers are the accessibility of surgical options and the reduction in post-operative recovery time. In addition, an increasing number of healthcare facilities will contribute towards the overall market growth. 

High manufacturing cost is anticipated to restrain the growth of global veterinary lasers market:

High manufacturing cost associated with laser therapies is expected to hinder the global veterinary laser market. To minimize processing costs, veterinary laser therapy companies substituted the push-button system with a collection of knobs to establish procedure criteria. However, this limits the modification parameters by the technician during treatment. Some other barriers that restrain the global veterinary laser market include the inadequacy of payment programs in developing markets and the scarcity of qualified and experienced experts and practitioners.

Veterinary Laser Market, by Product:

Therapeutic lasers will be most lucrative till 2027

By product, the global veterinary laser market is divided into surgical lasers/ high energy laser therapy and therapeutic lasers/ low-level laser therapy. Out of these, therapeutic lasers is expected to dominate the market shares as it acts specifically on wounded or damaged regions and speeds up the recovery process. Moreover, it also strengthens muscle and bone, increases strength, and instantly enhances the overall quality of life.

Veterinary Laser Market, by Applications:

Soft tissue surgery is estimated to dominate the market in the upcoming period

By applications, the global veterinary laser market is segmented into soft tissue surgery and pain therapy. Amongst these, soft tissue surgery is expected to lead the market shares as surgery is considered to be an important part of treating animals in order to remove tumors. In most cases, surgery provides the best way to enhance the standard of living for pets.

Veterinary Laser Market, by End-Users:

Veterinary hospitals are estimated to be the highest growing till 2027

By end-users, the global veterinary laser market is bifurcated into veterinary clinics, veterinary hospitals, and others. Out of these, veterinary hospitals are estimated to dominate the market shares as it provides specialized care programs, such as oncology, neurology and endocrinology, 24-hour patient monitoring, and availability of pet diets and supplies all under one roof.

Veterinary Laser Market, by Region:

Asia-Pacific region will have lucrative opportunities for the market investors

The global veterinary laser market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominates the market share due to the increased adoption of pets and expanding pet healthcare facilities. Asia-Pacific is anticipated to be the fastest-growing region due to the increasing demand for non-invasive treatments and the development of impressively prosperous economies.

Key Participants in the Global Veterinary Laser Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Source: Research Dive Analysis

Some of the key players of the global veterinary laser market are VBS Direct Limited, Spectra VET Inc., Aspen Laser Systems LLC, Aesculight, Cutting Edge Laser Technologies, Excel Lasers Limited, Biolase Inc., K-Laser LLC, Multi Radiance Medical, Respond Systems, and others.

To reach into local markets, industry leaders favor inorganic development strategies. The global veterinary laser market focuses on mergers & acquisitions and advanced product growth. These are the conventional approaches that existing organizations pursue. To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.