Veterinary Lasers Market – By Animal Type (Companion, Livestock), Laser Type (Therapeutic, Surgical), Product Type (Class 2, Class 3, Class 4), Technology (CO2, Diode), Modality (Table-top, Hand-held), Application, End-user – Global Forecast 2024 – 2032

Veterinary Lasers Market Size

Veterinary Lasers Market size was valued at USD 376.2 million in 2023 and is estimated to grow at 9.8% CAGR from 2024 to 2032. The market is witnessing significant growth, primarily driven by a rising prevalence of chronic diseases in animals. This trend is further bolstered by the adoption of cutting-edge veterinary technologies, aimed at enhancing healthcare outcomes.
 

Moreover, as pet ownership rates climb and pets are increasingly viewed as family members, there's a growing emphasis on non-invasive treatments. For instance, Canada's 2021 Census of Agriculture recorded a 3.4% increase in hogs and pigs from the previous year, reaching a total of 14.6 million in 2021. Likewise, the APPA's National Pet Owners Survey 2021-2022 indicated that annual spending on routine veterinary visits in the U.S. is USD 242 for dogs and USD 178 for cats. Thus, increased pet and livestock adoption and rising animal healthcare spending for advanced treatment anticipate fueling the market's growth.
 

Additionally, the rise of portable and handheld devices is poised to democratize laser treatments in veterinary care, benefiting both veterinarians and pet owners. This trend underscores substantial growth potential for the market in the foreseeable future.
 

Veterinary lasers, as specialized medical tools, harness concentrated light energy for a spectrum of therapeutic and surgical interventions in animals. Tailored for veterinary environments, these lasers offer precise, non-invasive solutions for conditions impacting companion animals, livestock, and even exotic species.
 

Veterinary Lasers Market Trends

Advancements in veterinary laser technology are significantly enhancing therapeutic and surgical applications, driving market demand. These innovations have made laser surgeries more precise, less invasive, and more effective, leading to shorter recovery times and improved outcomes for animals. To meet the increasing demand for accessibility and convenience, key players are continuously striving to deliver advanced, cutting-edge technological innovations designed to provide effective solutions for users, marking market expansion.
 

• For instance, Erchonia launched the VGL Vet Laser System, the world’s first green and violet laser combo. This innovative dual-wavelength device, FDA-cleared for human use in 2023, promises unmatched treatment efficacy in veterinary care. Now available to veterinarians, it utilizes light photons to non-invasively repair tissue, alleviating pain and inflammation in animals. This product launch aimed to provide advanced non-invasive solutions for animals, thereby stimulating market growth.
   

Furthermore, growing awareness of non-invasive surgeries and favourable reimbursement offerings are propelling pet adoption. Along with the increasing demand for surgeries, this further drives the demand for veterinary laser solutions.
 

Veterinary Lasers Market Analysis

Based on the animal type, the market is categorized as companion animals and livestock animals. The companion animal segment dominated the market in 2023, accounting for the revenue of USD 287.4 million and is anticipated to grow at a CAGR of 9.7% during the forecast period.
 

• The segment's dominance is attributed to the growing prevalence of chronic diseases and increased awareness of non-invasive procedures among pet owners, which is propelling market demand.
   
• Additionally, the rising adoption of pet insurance, an expanding pet population, and increased expenditure on pets further fuel market growth.
   
• For instance, according to the North American Pet Health Insurance Association (NAPHIA), the number of insured companion animals in the U.S. and Canada reached 5.4 million in 2022, representing a 22% increase from 4.4 million pets insured in 2021. Thus, favorable insurance policies contribute to the financial support encouraging the adoption of high-cost procedures, including laser therapies, driving demand and market expansion.
   
• Additionally, the availability of portable laser devices makes it easier for veterinarians to incorporate these technologies into routine care, further boosting the segment's growth.

Based on laser type, the veterinary lasers market is classified into therapeutic lasers, surgical lasers, and dual application lasers. The therapeutic lasers segment held the largest market share of 61.1% in 2023 and is expected to maintain its dominance throughout the analysis period.
 

• Therapeutic lasers have dominated the veterinary laser market due to their wide range of applications and proven effectiveness in pain management, wound healing, and inflammation reduction. The increasing prevalence of chronic conditions such as arthritis and joint issues in pets has further fueled the demand for therapeutic lasers.
   
• These lasers are highly sought after for their non-invasive nature, which minimizes recovery time and enhances overall treatment outcomes for animals.
   
• Additionally, advancements in laser technology, including portable and user-friendly devices, have made it easier for veterinarians to adopt and integrate these tools into their practice, solidifying their market dominance.
   

Based on the product type, the veterinary lasers market is segmented into Class 2, Class 3, and Class 4. The Class 3 segment is expected to dominate the market throughout the forecast period, with an anticipated growth rate of 8.5%. The Class 3 product is further categorized into Class 3B and Class 3R.
 

• The Class 3 segment has dominated the veterinary laser market due to its versatile applications and safety profile. These lasers are widely used for therapeutic purposes, such as pain management, wound healing, and other applications, making them essential tools in veterinary practices. Their ability to deliver effective treatments without significant risk of tissue damage has made them popular among veterinarians.
   
• Additionally, the relatively lower cost compared to higher-class lasers and advancements in portable and user-friendly designs have contributed to their widespread adoption, reinforcing their market dominance.
   

Based on the technology, the veterinary lasers market is segmented into CO₂, diode, and other technologies. The diode segment dominated the market with the highest share in 2023.
 

• Diode lasers are extensively used for therapeutic as well as surgical procedures. Their versatility, affordability, and effectiveness in a wide range of applications make them the preferred choice in the market.
   
• In addition, their compact size, portability, and ease of use make them a popular choice among veterinarians.
   
• Moreover, advancements in diode laser technology have improved their efficiency and reliability, further driving their adoption.
   
• Thus, these factors collectively solidify the diode segment's position in the veterinary laser market.
   

Based on the modality, the veterinary lasers market is segmented into table-top, hand-held, and on-caster. The table-top segment dominated the market with the highest share in 2023.
 

• The prominence of table-top lasers is attributed to their higher power output and advanced features, making them ideal for complex surgeries, therapeutics, and diagnostics.
   
• Their stability and precision ensure effective and reliable outcomes, which are crucial in veterinary practices.
   
• Additionally, table-top lasers are well-suited for clinics and hospitals where space and mobility are less of a concern.
   
• Thus, the ability to handle a wide range of applications with consistency and accuracy has made table-top lasers a preferred choice among veterinarians, driving their market dominance.
   

Based on the application, the veterinary lasers market is segmented into pain management, chronic arthritis, wound therapy, traumatic injuries, and other applications. The pain management segment dominated the market and is anticipated to reach 45.6% by 2032.
 

• Veterinary lasers specializing in pain management offer non-invasive and effective solutions for reducing discomfort, enhancing mobility, and improving animal health.
   
• With an increasing emphasis on animal welfare and the growing pet population, there's a growing demand for advanced pain management therapies.
   
• This segment's prominence underscored the importance placed by veterinary professionals and pet owners on minimizing pain and maximizing comfort through innovative laser technologies.
   

Based on the end-user, the veterinary lasers market is segmented into veterinary hospitals, veterinary clinics, home care, and research institutes. The veterinary clinics segment has dominated the market and is expected to reach a market value of USD 365.5 million by 2032.
 

• The dominance of the veterinary clinics segment in the market is driven by its pivotal role as a primary healthcare provider for animals. These clinics serve as crucial points of access for veterinary services, including diagnostics, surgeries, and therapeutics using advanced laser technologies.
   
• The increasing pet population, coupled with rising awareness about comprehensive pet care, fuels demand for veterinary services offered by clinics. Thus, their role in providing essential care and treatments underscored their significant contribution to the growth and sustainability of the market.

U.S. dominated the North American veterinary lasers market accounting for USD 153.1 million in 2023 and is anticipated to show considerable growth over the analysis period.
 

• The U.S.'s prominence is driven by its advanced veterinary healthcare infrastructure and high adoption rate of innovative technologies.
   
• The country's substantial pet population and increased spending on pet healthcare drive demand for advanced laser treatments.
   
• Additionally, strong research and development activities, combined with the presence of leading veterinary laser manufacturers, further bolster the U.S. market.
   
• Furthermore, growing awareness of non-invasive treatment options among pet owners and veterinary professionals further solidifies the U.S.'s position in the market.
   

Germany exhibits a high growth potential in the European veterinary lasers market.
 

• Germany is a key player in the market in Europe, known for its advanced veterinary care services and rigorous regulatory standards posing strong emphasis on animal health.
   
• The country's robust economy and high expenditure on pet care drive the adoption of cutting-edge laser technologies.
   
• Additionally, Germany's significant presence of leading veterinary laser manufacturers and research institutions fosters innovation and development in this field strengthening Germany’s position in the Europe market.
   

The Asia Pacific veterinary lasers market is poised for rapid growth with a CAGR of 6.7% during the forecast period.
 

• The Asia Pacific market is poised for rapid growth due to increasing pet ownership, rising awareness about advanced veterinary treatments, and the growing prevalence of chronic diseases.
   
• The economic growth in countries like China, India, and Japan enhances spending on pet healthcare, while advancements in veterinary infrastructure improve access to cutting-edge treatments contributing to the growth in the region.
   
• Additionally, the growing prevalence of chronic conditions in pets and livestock, along with government initiatives to promote animal health, further propels market expansion in the region.
   

Veterinary Lasers Market Share

The market is characterized by a diverse range of players offering innovative technologies and solutions. Key companies such as Erchonia Corporation, Cutting Edge Laser Technologies, and ASA Laser dominate with their extensive product portfolios and established distribution networks. These leaders continually innovate to enhance treatment efficacy and expand market reach. Additionally, emerging players are entering the market with advanced laser technologies, intensifying competition, and driving market growth. Strategic partnerships, product launches, and expansions are common strategies employed to strengthen market presence amidst increasing demand for non-invasive veterinary treatments.
 

Veterinary Lasers Market Companies

Few of the prominent players operating in the veterinary lasers industry include:

• ASAveterinary 
• BIOLASE, Inc. 
• Cutting Edge Laser Technologies
• Erchonia 
• FISIOLINE
• GLOBUS SPORT AND HEALTH TECHNOLOGIES LLC
• IMV Imaging
• IRIDEX Corporation
• LAMBDA S.p.A. 
• Multi Radiance Medica
• SpectraVET
• Summus Laser
• VetScalpel
   

Veterinary Lasers Industry News:

• In April 2024, Domer Technology introduced two new lasers to its product line: the Domer Laser Class 3B cold laser therapy device and the high-intensity Class 4 laser. These devices are designed for use on both humans and animals and are effective in managing pain and treating joint, ligament, and tendon injuries, among other applications.
   
• In March 2024, Cutting Edge Laser Technologies and ASA Laser announced the renewal of their exclusive distribution agreement for the next six years. The new long-term agreement continues Cutting Edge's role as the exclusive distributor of ASA’s therapeutic devices, including the MLS Laser Therapy line, to medical and veterinary professionals. This renewal solidified their ongoing partnership, ensuring the continued delivery of advanced laser therapy solutions to healthcare providers.
   

The veterinary lasers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Animal Type

• Companion animals
• Livestock animals

Market, By Laser Type

• Therapeutic lasers
• Surgical lasers
• Dual application lasers

Market, By Product Type

• Class 2
• Class 3
  • Class 3B
  • Class 3R 
• Class 4

Market, By Technology

• CO₂
• Diode
• Other technologies

Market, By Modality

• Table-top
• Hand-held
• On-caster

Market, By Application

• Pain management
• Chronic arthritis
• Wound therapy
• Traumatic injuries
• Other applications

Market, By End-user

• Veterinary hospitals
• Veterinary clinics
• Home care
• Research institutes

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • The Netherlands
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa