Veterinary Laser Market Size (2024 - 2029)

Veterinary Laser Market Analysis

Over the next few years, the veterinary laser market is expected to register an annual rate of 8.3%.

The COVID-19 pandemic had a substantial impact on the veterinary laser market. The implementation of lockdowns in several nations, as well as the corresponding limited access to and closure of veterinary facilities, led to a decline in the use of veterinary services, in turn affecting market growth. Due to the forced cancellation and reduction of veterinarian appointments, it was difficult for pet owners to avail proper veterinary treatment for their pets. For instance, as per an article published by NCBI in June 2021, the number of veterinary services in Romania was reduced by 18% during the pandemic as compared to the year 2019. It also stated that working hours were reduced in more than half of the veterinary workplaces among the surveyed population, and 18% of veterinarians received only emergency cases. This indicates that the COVID-19 pandemic was noted to have slightly slowed veterinary laser market growth.

The advancement in veterinary lasers, along with an increase in the number of pet owners, are major factors driving the demand for veterinary lasers. According to a survey published by the American Veterinary Medical Association (AVMA) in November 2021, both dog and cat populations have increased in recent years, as have the percentages of households owning dogs or cats. According to the Pet Food Manufacturers Association, as of 2021, 3.2 million households in the UK had acquired a pet since the start of the pandemic. There are now 34 million pets in the UK, including 12 million cats, 12 million dogs, 3.2 million small mammals like guinea pigs and hamsters, 3 million birds, and 1.5 million reptiles.

For instance, according to an article published in Veterinary Science in January 2021, low-level laser (light) therapy can be used in the treatment of veterinary-related orthopedics, neurology, and wound care. Furthermore, these lasers can be used to treat dermatological disorders such as hot spots, otitis externa, and non-inflammatory alopecia, among others. Thus, low-level laser therapy treatments are gaining popularity in veterinary medicine and have evolved significantly over the past decade. The laser ablates sensory nerve endings, which helps to reduce postoperative pain, according to an article published by the NCBI in March 2022 on developments in veterinary otology.Due to the growing research and development activities, the veterinary laser market is estimated to grow steadily during the forecast period.

Therefore, owing to the aforementioned factors, it is anticipated that the studied market will witness growth over the analysis period.

Veterinary Laser Industry Segmentation

As per the scope of the report, veterinary laser therapy is the process of treating an animal with the use of focused light. Unlike most light sources, the light from a laser is tuned to specific wavelengths. The veterinary laser market is segmented by product type (therapeutic lasers and surgery lasers), animal type (dogs, cats, and others), application (pain and inflammation management, regeneration or tissue repair, and others), laser type (class 2, class 3, and class 4), and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.