Global Veterinary Lasers Market: Overview
Veterinary lasers find application in the treatment of pets. In such a laser therapy, a light of particular wavelengths is 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.
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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 to 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, an inadequate number of trained professionals to carry out the complex procedures is also affecting market growth.
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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 are 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 the 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. The Asia Pacific, on the other hand, is expected to rise at a moderate pace with the growing number of local manufacturers, continued thrust on product development, and popularity of non-invasive treatment methods.
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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.
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