Global Veterinary Lasers Market

Global Veterinary Lasers Market Size, Share, Growth Analysis, By Product(Therapeutic and Surgical), By Animal Type(Dogs, Cats) - Industry Forecast 2024-2031

Report ID: SQMIG35I2144 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 61 | Figures: 77

Global Veterinary Lasers Market Regional Insights

A favorable veterinary healthcare infrastructure, rising pet expenses, and the presence of important competitors contributed to North America having the greatest revenue share of over 30.0% in 2021. For instance, the U.S.-based IRIDEX Corporation sells veterinary lasers for the treatment of eye conditions in animals, such as glaucoma, cataracts, and retinal disorders. With improved accuracy and reduced postoperative pain during transscleral glaucoma and retinal surgeries, the company's Cyclo G6 Glaucoma Laser and DioVet System offer advantages over cryotherapy.

Over the projected period, the CAGR for Asia Pacific is anticipated to be 9.20%, which is the fastest. The development of veterinary laser businesses in emerging nations and the presence of regional businesses are credited for this. For instance, the Chinese company Wuhan Dimed Laser Technology Co., Ltd. provides the Berylas, Harlas, and Cheryl's product lines under the Veterinary Lasers brand. They are used to treat ailments like arthritis, back discomfort, injuries, surgical wounds, and nose issues.

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Global Veterinary Lasers Market size was valued at USD 90.77 billion in 2022 and is poised to grow from USD 97.85 billion in 2023 to USD 178.45 billion by 2031, growing at a CAGR of 7.80% during the forecast period (2024-2031).

Several small, medium, and large businesses are present, which contributes to the market's fragmentation and competitiveness. In order to capture a larger portion of the market, the market players are deploying strategic initiatives such as product improvements, regional growth, distribution alliances, collaborations, and mergers & acquisitions. 'Aesculight LLC (USA)', 'AngioDynamics Inc. (USA)', 'BIOLASE Inc. (USA)', 'BISON MEDICAL Co. Ltd. (South Korea)', 'CAO Group Inc. (USA)', 'Cutting Edge Laser Technologies (USA)', 'DENTAL LASER CENTER (Russia)', 'DEKA M.E.L.A. srl (Italy)', 'Elenza Inc. (USA)', 'Excel Technologies Ltd. (Israel)', 'Fotona d.o.o. (Slovenia)', 'HOYA ConBio (USA)', 'LiteCure LLC (USA)', 'LuxarCare LLC (USA)', 'Mectron S.p.A. (Italy)', 'Medelux (USA)', 'MLT (USA)', 'Pulse Veterinary Technologies LLC (USA)', 'Sciton Inc. (USA)', 'Sound Technologies (USA)', 'Syneron Medical Ltd. (Israel)', 'VBS Direct Ltd. (UK)'

The availability of numerous safe treatment alternatives that require less time, money, and effort to complete and provide positive outcomes is the primary factor raising the demand for veterinary lasers. The accessibility of surgical choices and the shortening of post-operative recovery times are some additional aspects that contribute to the market expansion for veterinary lasers. Also, the expansion of the industry as a whole will be aided by an increase in the number of healthcare facilities.

The global veterinary lasers market is expected to experience significant growth in the coming years. the rising demand for minimally invasive surgeries, which can reduce pain, scarring, and recovery time. Laser technology offers a range of benefits for these types of procedures, including precision and accuracy, reduced bleeding, and decreased risk of infection.

A favorable veterinary healthcare infrastructure, rising pet expenses, and the presence of important competitors contributed to North America having the greatest revenue share of over 30.0% in 2021. For instance, the U.S.-based IRIDEX Corporation sells veterinary lasers for the treatment of eye conditions in animals, such as glaucoma, cataracts, and retinal disorders. With improved accuracy and reduced postoperative pain during transscleral glaucoma and retinal surgeries, the company's Cyclo G6 Glaucoma Laser and DioVet System offer advantages over cryotherapy.

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Global Veterinary Lasers Market

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