Market Overview:
The global veterinary laser therapy market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for laser therapy in pets, equine, and other applications. Additionally, rising awareness about the benefits of laser therapy is also propelling the growth of this market. Based on type, the global veterinary laser therapy market is segmented into cold lasers and hot lasers. The cold lasers segment dominated the global veterinary laser therapy market in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to their non-invasive nature and easy operability that makes them popular among veterinarians for treating various medical conditions in animals.
Product Definition:
Veterinary laser therapy is the use of specific wavelengths of light to penetrate tissue and interact with cells. This interaction creates a number of beneficial effects, including reduced inflammation, pain relief, and improved healing times.
Cold Laser:
Cold laser is a form of laser therapy that uses narrow, highly focused light beams for the treatment of animals. The technology has been around for more than two decades and has gained popularity due to its non-invasive nature. It produces less heat than infrared or ultraviolet radiation, does not damage tissue like ionizing radiation and is safe for use on all types of pets - human as well as animal.
The global cold laser market size was valued at USD 3 million in 2015.
Hot Laser:
The laser used in veterinary medicine is called Hot Laser or Photodynamic Therapy (PDT). It is a non-invasive technique that utilizes infrared light to treat animals. The infrared laser beam targets the affected area and causes damage to cells, without harming the surrounding tissues. This helps reduce swelling and inflammation as well as speeds up the healing process by boosting blood flow to the area. In addition, it also reduces pain for both pet & owner and increases their willingness to engage in activities again.
Application Insights:
The others application segment includes fish, birds and reptiles. The use of laser therapy for Equine rehabilitation is relatively new and has gained significant traction in recent years. Laser light can stimulate the nervous system which helps in reducing inflammation & pain caused to the horse by strains or injuries. It also helps reduce cartilage & joint damage after racing horses are subjected to high impact exercise or trauma resulting from a fall or jump.
Pets are estimated to be one of the fastest-growing segments over the forecast period owing to rising adoption rates across various regions coupled with increasing disposable income levels among consumers globally. Pets such as cats and dogs require regular visits for checkups at a veterinarian due to their health issues including obesity, skin problems, eye infections etc.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing pet ownership, high disposable income of the pet owners, and local presence of key manufacturers. The region is expected to maintain its dominance throughout the forecast period owing to continuous technological advancements in veterinary laser technology and growing demand for cost-effective treatment options for pets.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising investment by governments & non-government organizations as well as private companies towards R&D activities related to animal health care services in this region coupled with increasing awareness about advanced veterinary treatments among farmers & rural people who are majorly responsible for raising livestock such as cattle, horses, etc. In addition, a large number of stray animals face problems associated with lack of food and shelter which will create opportunities for market growth over next eight years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Veterinary laser therapy is a minimally invasive surgery that helps in reducing the surgical time, tissue damage, and pain. This factor is expected to drive the growth of the veterinary laser therapy market during the forecast period.
- Rising prevalence of chronic diseases in animals: The prevalence of chronic diseases such as cancer and arthritis is increasing among animals, which is expected to boost the demand for veterinary laser therapy during the forecast period.
- Growing awareness about benefits of veterinary laser therapy: There is a growing awareness about the benefits of veterinary laser therapy among pet owners, which is anticipated to fuel market growth during the forecast period.
- Technological advancements in veterinary lasers: The technological advancements in veterinary lasers are helping veterinarians to perform advanced procedures using these devices, thereby driving market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Veterinary Laser Therapy Market Research Report
By Type
Cold Laser, Hot Laser
By Application
Pets, Equine, Others
By Companies
Cutting Edge Laser Technologies, Aesculight LLC, LiteCure LLC, Erchonia, Laserex Technologies Pty Ltd, Respond Systems, Inc., K-Laser, Lasotronix, IPG Photonics Corporation, Sound Technologies, Chattanooga(DJO), ASAveterinary, THOR Photomedicine, RJ laser
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Veterinary Laser Therapy Market Report Segments:
The global Veterinary Laser Therapy market is segmented on the basis of:
Types
Cold Laser, Hot Laser
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pets, Equine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cutting Edge Laser Technologies
- Aesculight LLC
- LiteCure LLC
- Erchonia
- Laserex Technologies Pty Ltd
- Respond Systems, Inc.
- K-Laser
- Lasotronix
- IPG Photonics Corporation
- Sound Technologies
- Chattanooga(DJO)
- ASAveterinary
- THOR Photomedicine
- RJ laser
Highlights of The Veterinary Laser Therapy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cold Laser
- Hot Laser
- By Application:
- Pets
- Equine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Veterinary Laser Therapy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Veterinary laser therapy is a type of medical treatment that uses lasers to treat animals. Veterinary laser therapy is used to treat a variety of conditions, including pain, inflammation, and injuries.
Some of the major players in the veterinary laser therapy market are Cutting Edge Laser Technologies, Aesculight LLC, LiteCure LLC, Erchonia, Laserex Technologies Pty Ltd, Respond Systems, Inc., K-Laser, Lasotronix, IPG Photonics Corporation, Sound Technologies, Chattanooga(DJO), ASAveterinary, THOR Photomedicine, RJ laser.
The veterinary laser therapy market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Veterinary Laser Therapy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Veterinary Laser Therapy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Veterinary Laser Therapy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Veterinary Laser Therapy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Veterinary Laser Therapy Market Size & Forecast, 2018-2028
4.5.1 Veterinary Laser Therapy Market Size and Y-o-Y Growth
4.5.2 Veterinary Laser Therapy Market Absolute $ Opportunity
Chapter 5 Global Veterinary Laser Therapy Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Veterinary Laser Therapy Market Size Forecast by Type
5.2.1 Cold Laser
5.2.2 Hot Laser
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Veterinary Laser Therapy Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Veterinary Laser Therapy Market Size Forecast by Applications
6.2.1 Pets
6.2.2 Equine
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Veterinary Laser Therapy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Veterinary Laser Therapy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Veterinary Laser Therapy Analysis and Forecast
9.1 Introduction
9.2 North America Veterinary Laser Therapy Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Veterinary Laser Therapy Market Size Forecast by Type
9.6.1 Cold Laser
9.6.2 Hot Laser
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Veterinary Laser Therapy Market Size Forecast by Applications
9.10.1 Pets
9.10.2 Equine
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Veterinary Laser Therapy Analysis and Forecast
10.1 Introduction
10.2 Europe Veterinary Laser Therapy Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Veterinary Laser Therapy Market Size Forecast by Type
10.6.1 Cold Laser
10.6.2 Hot Laser
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Veterinary Laser Therapy Market Size Forecast by Applications
10.10.1 Pets
10.10.2 Equine
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Veterinary Laser Therapy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Veterinary Laser Therapy Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Veterinary Laser Therapy Market Size Forecast by Type
11.6.1 Cold Laser
11.6.2 Hot Laser
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Veterinary Laser Therapy Market Size Forecast by Applications
11.10.1 Pets
11.10.2 Equine
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Veterinary Laser Therapy Analysis and Forecast
12.1 Introduction
12.2 Latin America Veterinary Laser Therapy Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Veterinary Laser Therapy Market Size Forecast by Type
12.6.1 Cold Laser
12.6.2 Hot Laser
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Veterinary Laser Therapy Market Size Forecast by Applications
12.10.1 Pets
12.10.2 Equine
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Veterinary Laser Therapy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Veterinary Laser Therapy Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Veterinary Laser Therapy Market Size Forecast by Type
13.6.1 Cold Laser
13.6.2 Hot Laser
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Veterinary Laser Therapy Market Size Forecast by Applications
13.10.1 Pets
13.10.2 Equine
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Veterinary Laser Therapy Market: Competitive Dashboard
14.2 Global Veterinary Laser Therapy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cutting Edge Laser Technologies
14.3.2 Aesculight LLC
14.3.3 LiteCure LLC
14.3.4 Erchonia
14.3.5 Laserex Technologies Pty Ltd
14.3.6 Respond Systems, Inc.
14.3.7 K-Laser
14.3.8 Lasotronix
14.3.9 IPG Photonics Corporation
14.3.10 Sound Technologies
14.3.11 Chattanooga(DJO)
14.3.12 ASAveterinary
14.3.13 THOR Photomedicine
14.3.14 RJ laser
