Veterinary Lasers Market Size

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.

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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.