Veterinary Lasers Market is expected to reach USD 929.39 million by 2025, from USD 125.7 million in 2017 growing at a CAGR of 10.3% during the forecast period of 2018 to 2025. The Veterinary Lasers Market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The treatment of the pets is done with the use of the veterinary lasers. The actual work of laser therapy is to use the specific wavelengths of light in order to penetrate into the injured cells. This in case helps in the stimulation of the recovery of the cells. The sound company has taken veterinary experience of 20+ years and came with the development of the therapy laser with an innovation beyond what currently exists in the market. There is also a built-in laser training assistant customized to increase consistency and ability of clinical results. Some of the major players operating in the Global Veterinary Lasers Market are
Cutting Edge Laser Technologies
Aesculight
LiteCure
Respond Systems
Pivotal Health Solutions
Laserex
ERCHONIA CORPORATION
BIOLASE, Inc.
VBS Direct Limited
SpectraVET Inc,
Aspen Laser Systems, LLC,
Excel Lasers,
K-LASER USA, LLC, among others.
The Global Veterinary Lasers Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of stem cell manufacturing market for global, Europe, North America, Asia Pacific and South America. Veterinary Lasers Market Share, Size, Trends, And Business probability Analysis Report 2018 embody historic data, with forecast data to 2025.
The laser therapy offers the benefits like vascular activity, reduced pain and boosting the metabolism. It also helps in faster rate of tissue and repair wound healing.
With the increased adoption of the pets the veterinary lasers market is expected to grow at a significant rate in the coming years.
The identification of improving implementation of pet insurance coverage is done to strengthen the market conditions in the upcoming years.
However the high costs and the unavailability of favorable reimbursement policies are getting a challenge for the market. Awareness about the pet care and the development of the veterinary lasers are gaining more interest in the emerging countries. Hence, leading to a healthy expansion of the veterinary lasers market.
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Major Market Drivers and Restraints:
Rising rate in the percentage of pet owners
Increasing spending on pets by owners
Collaboration of government and private to provide quality care to pets
Upgradation of veterinary hospitals and clinics
Increasing number of healthcare facilities
Implementation of pet insurance coverage
Increasing demand for non-invasive procedures
Acceptance of laser therapies for efficient and less painful treatment
High cost of veterinary lasers
Inadequate number of trained professionals
Probable health risks of pets
Expensive costs associated with laser therapies
Unavailability of Favorable Reimbursement Policies
Segmentation:
The Global Veterinary Lasers Market is segmented on the basis of product, end users and geography.
Based on product, the Global Veterinary Lasers Market is segmented into
Portable
Bench-Top
Compact
Based on the end users, the Global Veterinary Lasers Market is segmented into
Veterinary Clinics
Veterinary Hospitals and Others
By Geography
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
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