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Veterinary Lasers Market Trends

Report ID: GMI10601
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The veterinary lasers industry was valued at USD 376.2 million in 2023 and is estimated to grow at 9.8% CAGR from 2024 to 2032, primarily driven by a rising prevalence of chronic diseases in animals.

The companion animal segment was worth USD 287.4 million in 2023 and is anticipated to grow at a CAGR of 9.7% through 2032, attributed to the growing prevalence of chronic diseases and increased awareness of non-invasive procedures among pet owners.

U.S. dominated North American veterinary lasers industry, accounting for USD 153.1 million in 2023 and is anticipated to show considerable growth through 2032, driven by its advanced veterinary healthcare infrastructure and high adoption rate of innovative technologies.

Cutting Edge Laser Technologies, Erchonia, FISIOLINE, GLOBUS SPORT AND HEALTH TECHNOLOGIES LLC, IMV Imaging, IRIDEX Corporation, and LAMBDA S.p.A. among others.