Veterinary Lasers Market Size, Share & Trends Analysis Report By Product (Therapeutic Lasers, Surgical Lasers), By Animal Type, By Application, By Class Type, By End Use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global veterinary lasers market size was valued at USD 83.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. Increasing demand for therapeutic lasers, technological advancements, strategic initiatives by key companies, and rising adoption of laser systems by veterinary care providers are some of the key drivers propelling the market growth. According to the American Veterinary Medical Association, the U.S. had about 118,624 veterinary practitioners in 2020. An increase in the number of veterinary hospitals and clinics is further fueling the market growth.

The COVID-19 outbreak had a significant influence on the market growth. The implementation of the lockdown and the limits on social interaction led to reduced sales. As a result of the restrictions, the market faced challenges like supply chain hurdles, operational challenges, reduced sales and marketing activities, reduced vet visits, and low sales. However, the market recovered in 2021 with the easing of restrictions. For instance, Iridex, specializing in glaucoma laser systems for human and veterinary applications, reported an increase in revenue during 2021. The company attributed the increase in revenue to the rebound from the downturn caused by the pandemic in 2020.

 As more and more people are adopting pets, the market for veterinary lasers is expanding at a faster rate. The availability of a safe therapy that heals in a shorter amount of time and provides other advantages further drives the market. The availability of therapeutic lasers as a safe alternative to surgery and growing pet humanization is also contributing to the market growth. Pet humanization, for instance, has led to pet parents being increasingly sensitive and concerned about their pet’s health. Pet parents are thus willing to opt for non-invasive treatment options for their pets for treating chronic conditions.

 The growing clinical applications of veterinary lasers are driving the market. The CO₂ laser from Aesculight, for example, is ideally indicated for soft-tissue surgeries. The product is increasingly used for incision, vaporization, ablation, excision, and coagulation of soft tissues. Laser systems are being used in various veterinary practice types, including general small animal practice, specialty practices, and referral practices (ophthalmology, dermatology, ENT, and other specialties). This is owing to the associated benefits of CO₂ laser such as reduced pain and swelling, less bleeding, low risk of infection, and a quicker recovery.

Product Insights

Therapeutic lasers accounted for the largest revenue share of over 50.0% in 2021. This is owing to the benefits associated with therapeutic lasers and their growing adoption by veterinary practices. Similar to other alternative therapies, laser therapy is used in conjunction with other treatments to relieve pain, promote wound healing, and reduce inflammation in animals.

The use of laser medicine in combination with medication therapy has grown in popularity in recent years. Veterinary lasers are incredibly good for reducing musculoskeletal discomfort, post-surgical pain, inflammation, and speeding up the healing of wounds, among other things. As these non-invasive treatments have achieved widespread acceptance in veterinary medicine for the treatment of companion animals, photobiomodulation therapy has become increasingly well-known.

Animal Type Insights

Dogs accounted for the largest revenue share of over 40.0% in 2021 owing to the increasing incidence of obesity, bone and joint disorders, and other chronic diseases. A key factor contributing to this rising prevalence is the longer life span of dogs as well as a notably high pet dog population. For instance, around 69 million U.S. households owned dogs, according to the APPA's 2021–2022 National Pet Owners Survey. Additionally, the group claims that the United States invests far more in dogs than in other companion animals.

Moreover, as per the Bureau of Labor Statistics, the average life expectancy for pet dogs and cats has increased over time. Aging pets are thus increasingly vulnerable to age-related disorders and require more healthcare services beyond routine care. The others segment is expected to exhibit the fastest CAGR over the forecast period. It comprises horses, birds, and other pets. The popularity of competitive sports like horse racing has increased awareness regarding equine health. The increasing initiatives by companies and accessibility of equine healthcare products are some of the major factors driving the segment.

Application Insights

Pain and inflammation management held the largest revenue share of over 50.0% in 2021. Pain has as many manifestations and thus has a high prevalence among companion animals. Injuries and chronic conditions such as arthritis may lead to inflammation and pain that must be managed through multiple therapy sessions along with other combination treatments. As per a 2019 survey conducted by Sound imaging, respondents comprising vet clinics reported about 87% positive clinical efficacy post laser therapy in the treatment of pain and inflammation.

Regeneration/tissue repair is expected to exhibit the fastest CAGR over the forecast period. Nerve regeneration using laser therapy is a growing area of interest in human medicine and is expected to impact the veterinary market too. Regenerative Laser Therapy (RLT) laser, for instance, is used to repair and remodel ligament and tendon lesions and promote collagen production and cell proliferation in horses.

Class Type Insights

Class 3 lasers accounted for the largest revenue share of over 45.0% in 2021 owing to the wide adoption of these products by veterinary care providers. In fact, as per a study published in May 2020, in the Journal of Light & Laser Current Trends, Class 3 lasers are the most widely used veterinary therapeutic lasers. Class 4 lasers, on the other hand, mostly include surgical lasers and are the strongest class of lasers. These high-powered laser systems, which employ light waves to induce photochemical reactions within tissues both deep and superficial, give improved therapeutic results in a variety of treatment modalities.

Erchonia Corporation based in the U.S., for example, is one of the key companies involved in clinical R&D of low-level laser therapy devices for veterinary use. The company’s portfolio comprises EVL red and violet laser systems, red Vet Laser System, and Erchonia Base Station. These are used to treat a range of conditions in dogs, cats, horses, and exotic animals. In addition, the company holds 22 FDA clearances for its non-thermal laser technology.

End-use Insights

The veterinary hospitals and clinics dominated the market in 2021 with a revenue share of over 85.0%. This is owing to these facilities being the primary line of treatment for laser therapy. As per the U.S. Census Bureau, there were over 32,000 veterinary establishments in the country in 2019. The adoption of therapeutic as well as surgical lasers in veterinary practice is growing significantly with expanding clinical applications and this is expected to boost the segment growth in the near future.

Technologically advanced devices are being used in hospitals to provide better treatment to animal patients. These devices not only simplify the treatment procedures but also help in providing better and faster treatment. Moreover, growing research initiatives by veterinary academic institutions and manufacturers are propelling product advancements in laser technology for veterinary use.

Regional Insights

North America accounted for the largest revenue share of over 30.0% in 2021 owing to favorable veterinary healthcare infrastructure, rising pet expenditure, and the presence of key players. IRIDEX Corporation, headquartered in the U.S., for instance, offers veterinary lasers for treating cataracts, glaucoma, and retinal diseases in animals. The company’s Cyclo G6 Glaucoma Laser and DioVet System provide advantages over cryotherapy with greater accuracy and less postoperative pain in transscleral glaucoma and retinal procedures.

Asia Pacific is expected to exhibit the fastest CAGR of 9.20% over the forecast period. This is attributed to the expansion of veterinary laser companies in emerging economies and the presence of local companies in the region. Wuhan Dimed Laser Technology Co., Ltd. based in China, for example, offers the Veterinary Lasers lineup including Berylas, Harlas, and Cherylas product line. These are used in the treatment of conditions such as Arthritis, back pain, trauma, wounds, surgery, nasal problems, and inflammatory conditions.

Key Companies & Market Share Insights

The market is fragmented and competitive and is characterized by the presence of various small, medium, and large companies. The market players are involved in the deployment of strategic initiatives, such as product advancements, regional expansion, distribution partnerships, collaborations, and mergers and acquisitions, to gain a greater market share. For instance, in May 2022, Eltech K-Laser s.r.l., based in Italy, expanded its presence in the Americas by opening an office in Miami, U.S. The company offers a range of veterinary lasers including the Cube line of High Power Lasers (HPL) and Speciale line of laser systems. Some prominent players in the global veterinary lasers market include:

• SpectraVET

• IRIDEX Corporation

• Aesculight

• Excel Lasers Limited

• SOUND

• Multi Radiance Medical

• ASALaser

• BIOLASE, Inc.

• Cutting Edge Laser Technologies

• Summus Medical Laser, LLC

 Veterinary Lasers Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this report, Grand View Research has segmented the global veterinary lasers market report based on animal type, product, application, class type, end-use, and region:

• Animal Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Dogs

  • Cats

  • Others

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Therapeutic Lasers

  • Surgical Lasers

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Pain & Inflammation Management

  • Regeneration/ Tissue Repair

  • Others

• Class Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Class 2

  • Class 3

  • Class 4

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Veterinary Hospitals & Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia