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Veterinary Lasers Market Size Worth $160.8 Million By 2030: Grand View Research, Inc.

SAN FRANCISCO, July 18, 2022 /PRNewswire/ — The global market size for veterinary lasers is expected to reach $160.8 million by 2030, according to a new report from Grand View Research, Inc. The market is expected to expand at a CAGR of 7.7% between 2022 and 2030. Key factors driving the market include rising pet adoption, market stakeholder initiatives, new market entrants, and rising revenues in emerging countries. For example, BIOLASE, Inc., which specializes in laser technology, has begun to enter new markets, including veterinary, pain management, and otolaryngology, to address unmet needs in these promising markets. Aesculight, for its part, is the only company that manufactures veterinary CO2 surgical lasers in North America.

Key industry insights and findings from the report:

  • The animal-type dog segment had the largest revenue share of over 40.0% in 2021 and is expected to grow at a significant rate during the forecast period due to the growing popularity of dogs as pets around the world.
  • The pain and inflammation management applications segment dominated the market in 2021. The tissue regeneration/repair segment is anticipated to expand at the fastest CAGR during the forecast period.
  • By class type, the class 3 lasers segment had the largest share of revenue in 2021 due to the additional benefits of these lasers over other types.
  • The therapeutic lasers product segment is expected to show a lucrative growth rate during the forecast period.
  • The veterinary hospitals and clinics end-use segment had the largest share of revenue in 2021 due to the growing number of veterinarians and veterinary hospitals.
  • North America it is expected to dominate the market during the forecast period owing to favorable pet insurance policies and increasing availability of laser systems and services for veterinary applications.

Read the 150-page market research report, ‘Veterinary Lasers Market Size, Share and Trend Analysis Report by Product (Therapeutic Lasers, Surgical Lasers), by Animal Type, by Application, by Class Type, by end use, by region and segment forecasts. 2022 – 2030’, published by Grand View Research.

Veterinary Lasers Market Growth and Trends

Due to limited access to veterinary care and decreased demand during the COVID-19 outbreak, the veterinary laser market was negatively affected in 2020. In addition, the market was affected by the change in healthcare priorities , a decrease in the number of surgeries, and reduced visits from pets in compliance with social distancing guidelines. The market gradually recovered during 2021 as movement restrictions were relaxed and vet visits increased. The market is also anticipated to expand considerably over the forecast period as all economies open up and people adjust to the new normal.

In addition, the market for veterinary lasers is driven by the increasing incidence of disorders including osteoarthritis, sprains, strains, ear infections, and other chronic ailments. The prevalence of chronic diseases is also increasing due to the increasing number of risk factors such as obesity in pets. For example, according to a study published in the Frontiers in Veterinary Science Journal in August 2020, Mesenchymal stem cells (MSCs) were estimated to be beneficial in reducing lameness in arthritic dogs. The study also suggested that MSC treatment could be used as a safe, effective, long-term therapy for canine osteoarthritis.

Veterinary Lasers Market Segmentation

Grand View Research has segmented the global veterinary laser market on the basis of animal type, product, application, class type, end use, and region:

Veterinary Lasers Market – Animal Type Perspective (Revenue, USD Million, 2017 – 2030)

Veterinary Lasers Market – Product Outlook (Revenue, USD Million, 2017 – 2030)

  • Therapeutic Lasers
  • Surgical Lasers

Veterinary Lasers Market – Application Outlook (Revenue, USD Million, 2017 – 2030)

  • Management of pain and inflammation
  • Tissue Regeneration/Repair
  • Others

Veterinary Lasers Market – Class Type Perspective (Revenue, USD Million, 2017 – 2030)

Veterinary Lasers Market – End Use Outlook (Revenue, USD Million, 2017 – 2030)

  • Veterinary clinics and hospitals
  • Others

Veterinary Lasers Market – Regional Perspective (Revenue, USD Million, 2017 – 2030)

  • North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
  • Pacific Asia
    • Porcelain
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
  • MEA
    • South Africa
    • Saudi Arabia

List of Key Players in Veterinary Lasers Market

  • SpectraVET
  • Aesculight
  • excel lasers limited
  • IRIDEX Corporation
  • Multiple Medical Glows
  • ASLAser
  • Biolase, Inc.
  • State-of-the-art laser technologies
  • Chief Medical Laser, LLC

Check out more related studies published by Grand View Research:

  • Veterinary Endoscope MarketThe global veterinary endoscope market size is anticipated to reach $314.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a significant CAGR of 6.6% between 2021 and 2028. Key factors driving growth include the rise in diagnostic procedures and intervention in company, as well as livestock animals and technological advances.
  • Veterinary Surgical Instruments Market – The global veterinary surgical instruments market size is expected to reach $1.5 billion by 2027, according to a new report from Grand View Research, Inc., which recorded a CAGR of 7.0% from 2020 to 2027. Growing demand for pet adoption is expected to drive the market during the forecast period. Rising incomes in developing countries is another driving factor. For example, according to a 2017 American Veterinary Medical Association (AVMA) report, about 46.0% of households owned multiple types of pets in the US In addition, key players are implementing new strategies to stay in control. this competitive market. for example in March 2019Bruhat Bengaluru Mahanagara Palike (BBMP) in India planned to introduce a rescue ambulance to rescue injured animals for faster treatment. The ambulance will be equipped with all the necessary instruments such as surgical instruments and sterilizers.
  • Veterinary prosthetics and orthotics market – The size of the global veterinary prosthetics and orthotics market is anticipated to reach $68.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a significant CAGR of 8.9% between 2022 and 2030. Some of the drivers that are attributed to the growth of the market include the increase in dog ownership, the number of veterinary surgeries worldwide, key company initiatives, and orthopedic disorders in companion dogs. For injured animals, the use of orthoses (braces) and prostheses is becoming more widespread. Any medical device that is attached to the body to provide, position, immobilize, prevent, or correct deformities, assist weak muscles, or increase function is called an orthosis. Prostheses are also medical devices used to replace a missing or severed leg section.

Browse through Grand View Research animal health industry Research reports.

About the Grand View Research

Grand View Research, a US-based market research and consulting firm, provides custom, syndicated research reports and consulting services. Registered in California and based in San Francisco, the company employs more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in the top 25 countries in the world. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess the opportunities ahead.

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