Veterinary Lasers Market Size, Share, Trends, Growth 2030

Veterinary Lasers Industry Prospective:

The global veterinary lasers market size was worth around USD 88.91 Billion in 2022 and is predicted to grow to around USD 160.82 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.72% between 2023 and 2030.

The report analyzes the global veterinary lasers market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the veterinary lasers market.

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Veterinary Lasers Market: Overview

The veterinary lasers industry is a sub-segment of the larger medical lasers sector and deals with the production and sales of lasers designed specifically to be used for veterinary applications. These devices are used for treating various medical conditions in animals using specific light wavelengths.

The conditions may range from simple dermatological concerns to severe surgical operations. With the rise in the veterinary industry, the demand for corresponding lasers has increased tremendously in the last couple of years as pet owners are gaining significant knowledge and showing a better awareness rate in terms of understanding different vet-related medical issues. The fraternity is likely to witness a high CAGR during the forecast period as the industry players continue to supply laser mechanisms deployed to treat medical issues with minimally invasive techniques.

Key Insights: 

• As per the analysis shared by our research analyst, the global veterinary lasers market is estimated to grow annually at a CAGR of around 7.72% over the forecast period (2023-2030)
• In terms of revenue, the global veterinary lasers market size was valued at around USD 88.91 billion in 2022 and is projected to reach USD 160.82 billion, by 2030.
• The veterinary lasers market is projected to grow at a significant rate due to the growing demand for non-invasive medical techniques
• Based on class type segmentation, class 4 was predicted to show maximum market share in the year 2022
• Based on application segmentation, pain & inflammation management was the leading application in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Veterinary Lasers Market: Growth Drivers

Growing demand for non-invasive techniques to propel market demand

The global veterinary lasers market is projected to grow owing to the increasing demand for minimally or non-invasive medical techniques for treating animal-related medical conditions. Treatment plans making use of veterinary lasers do not require the use of conventional surgical tools which are otherwise known to cause pain or discomfort in animals. These devices are generally powered with light wavelengths where the laser beam targets a certain area that requires treatment.

The use of lasers avoids any damage to the surrounding healthy tissue around the tissue that needs to be treated. Pet owners are showing an increased inclination toward veterinary lasers because medical treatments conducted using light equipment are known to have reduced pain and offer faster recovery time along with minimal to no scarring. Furthermore, the complications associated with the use of veterinary lasers are lower as compared to their counterparts.

Veterinary Lasers Market: Restraints

High associated cost to restrict the market growth

The veterinary lasers in themselves are expensive and the cost of associated treatment plans is high which makes them unaffordable for a large segment of pet owners or animal-welfare agencies. This is expected to limit global veterinary laser industry growth during the forecast period. Alongside, the fraternity also suffers from a lack of standardization in terms of veterinary laser applications leading to inconsistencies in treatment and further outcomes. The effectiveness of laser therapy remains questionable under these circumstances.

Veterinary Lasers Market: Opportunities

Growing demand for pet care services to provide multiple growth opportunities

As the number of pet owners across the world is on the rise along with surging activities undertaken by global animal welfare agencies further supported by favorable government regulations, the demand for quality and advanced pet care services has risen multifold in the last decade. Pet owners and animal care units are becoming increasingly equipped to tackle medical expenses associated with pet care. In addition to this, they also tend to receive government support leading to more demand and an increase in the global veterinary lasers market size.

Veterinary Lasers Market: Challenges

Lack of skilled professionals to challenge market growth

During the forecast period, the global market is anticipated to come across certain challenges and one of them specifically being the lack of skilled professionals who are experienced enough to use the advanced laser systems efficiently. Moreover, several countries lack the necessary infrastructure for training new professionals along with investment concerns over building highly advanced animal care centers. The growing competition from alternative therapies is an added roadblock that the veterinary lasers industry players are currently facing.

Veterinary Lasers Market: Segmentation

The global veterinary lasers market is segmented based on application, animal type, class type, product, and region.

Based on application, the global market segments are regenerative & tissue repair, pain & inflammation management, and others. The industry registered the highest revenue in the pain & inflammation management segment in 2022 due to higher applications of the equipment. Veterinary lasers have proven to be highly effective in managing conditions that require managing pain and inflammation. The lasers are used to treat conditions like soft tissue injuries, arthritis, and any associated post-surgical pain. It is also known to promote healing wounds and reduce the formation of scar tissue. The regenerative & tissue repair segment is also expected to grow steadily. As per the European Pet Food Industry Federation (FEDIAF), Europeans spent nearly €40.5 billion on pet care in 2020.

Based on animal type, the veterinary laser industry segments are cats, dogs, and others.

Based on class type, the global market is divided into class 4, class 3, and class 2. The industry is likely to witness the highest CAGR in the class 4 segment since it is currently one of the most preferred choices of lasers among veterinarians. These types of equipment are high-powered and deliver higher energy density as compared to class 3 and class 2 lasers. This makes class 4 more versatile and hence can be used in activities related to pain management, tissue repair, and wound healing. The energy density of Class 4 veterinary lasers can range from 60 J/cm2 to 500 J/cm2

Based on product, the global market segments are surgical lasers and therapeutic lasers.

Recent Developments:

• In October 2020, Summus Laser, a leading player in the industry, announced the launch of the Horizon Veterinary Laser System. It is a class 4 laser system and is specifically designed to be used in the veterinary industry. The system runs on 28 watts of power and works on a combination of 4 wavelengths making it one of the most advanced lasers available in the market
• In January 2023, Multi Radiance Veterinary (MRV) announced its partnership with Digatherm Thermal Imaging as the former managed to gain the distributorship rights of Digatherm’s revolutionary thermography products, especially the infrared cameras
• In November 2020, Eltech K-LASER and INDIBA, a leading distributor of radiofrequency health products, announced a partnership targeting the US and Canadian markets. With this move, clients of K-Laser will now have access to the products and services of INDIBA.

Veterinary Lasers Market: Report Scope

Veterinary Lasers Market: Regional Analysis

North America to continue its dominance during the forecast period

The global veterinary lasers market is expected to witness the highest growth in North America with the US holding the largest share of the regional market. Factors like increasing pet adoption rate, availability of skilled labor force, and robust medical infrastructure including veterinary care centers along with the higher availability of animal welfare agencies and individual pet owners to spend on animal medical care.

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Furthermore, the increasing collaboration between market players to improve product and service reach and the rising investments toward research & development to promote technological advancements are expected to work in the favor of the regional industry. Europe is projected to garner significant revenue due to a strong emphasis on animal care along with an increased adoption rate of animals and favorable medical policies.

Veterinary Lasers Market: Competitive Analysis

The global veterinary lasers market is projected to be driven with the aid of players like:

• Aesculight LLC
• Laserex Technologies Pty Ltd.
• Biolase Inc.
• Summus Medical Laser
• Cutting Edge Laser Technologies
• LightScalpel LLC
• VetLaser
• Erchonia Corporation
• MedArt A/S
• K-Laser USA
• Sciton Inc.
• MARS Bio-Med Processes Inc.
• LiteCure LLC
• Wuhan HNC Technology Co. Ltd.
• Multi Radiance Medical
• Spectrum Veterinary Instruments
• VBS Direct Ltd.
• Respond Systems Inc.
• Thor Photomedicine Ltd.
• Teleflex Medical OEM.

The global veterinary lasers market is segmented as follows:

By Application

• Regenerative & Tissue Repair
• Pain & Inflammation Management
• Others

By Animal Type

• Cats
• Dogs
• Others

By Class Type

• Class 4
• Class 3
• Class 2

By Product

• Surgical Lasers
• Therapeutic Lasers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa