The global veterinary lasers market is predicted to take a leap from US$ 123.2 Mn (2017) to a value worth US$ 336.5 Mn by the end of 2028. According to the latest market research report published on the global market for veterinary lasers by Future Market Insights, the global veterinary lasers market is projected to register a robust CAGR of 9.7% in terms of value during the forecast period 2018–2028. The report, titled “Veterinary Lasers Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028” provides detailed analysis of the market over the next decade.
Pet Ownership Prevails and Availability of Pet Healthcare Widens
Significant rise in the percentage of pet owners and increasing spending on pets by owners have been the key factors driving the demand for veterinary lasers over the years. Furthermore, a rising number of government and private collaborations to provide quality care to pets will also provide an impetus to the global market for veterinary lasers in near future. Upgradation of veterinary hospitals and clinics that has been creating significant impact on the overall market scenario, coupled with an increasing number of healthcare facilities, will reportedly push the veterinary lasers market a little farther.
Pet Owners Continue to Look for Non-invasive Treatment Options Through Insurance Cover
Improving implementation of pet insurance coverage is identified to act as a value-driver to market growth during the assessment period. The demand for non-invasive procedures is increasing among pet owners and a majority of them have already accepted laser therapies as a better, efficient, and less painful treatment alternative for pets. This factor will continue to play a crucial role in strengthening the market conditions in upcoming years.
Request For Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5410
High Costs and Lack of Favorable Reimbursement Policies to Remain Longstanding Challenges
Although probable health risks and expensive costs associated with laser therapies may hamper the penetration of lasers worldwide, Future Market Insights estimates promising growth prospects for the market over 2018-2028. A few other restraints to the growth of market include inadequacy of reimbursement policies in emerging economies, dearth of trained and skilled specialists and professionals, and absence of top notch healthcare infrastructure in certain regions of the world.
Therapeutic and Class 3 Lasers Dominate, Hospitals Continue to Record Maximum Consumption
By product type, therapeutic lasers segment accounted for more than 44% share of the total market revenue in 2017. Future Market Insights estimates continued dominance of this segment and rapid emergence of therapeutic and surgical lasers segment during the forecast period. Based on laser type, class 3 lasers segment is expected to win over class 2 and class 4 lasers segments, accounting for more than 46% share of the market value by 2028 end. Hospitals will reportedly remain the largest end-user of veterinary lasers, capturing over 40% market value share throughout the assessment period.
The Americas Remain the Leading Region, Developing Economies Witness Healthy Growth
The North American market for veterinary lasers is anticipated to continue dominance over all other regional markets throughout the forecast period. With an estimated CAGR of 10.8% in terms of value, North America will possibly reach a value beyond US$ 99 Mn by the end of 2028. Latin America, although a developing country, will register a significant CAGR over the forecast period and remain the second largest as well as second fastest growing regional market for veterinary lasers. The Americas will be followed by the European market, in terms of both value and growth rate. According to the report, emerging economies are presumed to experience robust growth over the projection period.
Some of the Key Players Competing in the Global Veterinary Lasers Market, Profiled in the Report:
- Cutting Edge Laser Technologies
- Aesculight Llc
- LiteCure LLC
- Respond Systems, Inc.
- Pivotal Health Solutions
- Laserex Technologies Pty Ltd
- ERCHONIA CORPORATION,
- Technological Medical Advancements, Inc.
- BIOLASE, Inc.
Speak to Analyst, Questions Related To Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-5410
Reasons to Buy the report
- We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
- Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
- The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
FMI’s Healthcare Research Reports:
- Dermatology Excimer Lasers Market: Dermatology Excimer Lasers Market: Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029
- Tattoo Removal Lasers Market: Tattoo Removal Lasers Market: Demand for Q-Switched Nd: YAG Lasers to Remain Predominant: Global Industry Analysis and Opportunity Assessment 2018-2028
- Veterinary Biologics Market: A recent market study published by Future Market Insights (FMI) on the veterinary biologics market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report TOC: https://www.futuremarketinsights.com/reports/veterinary-lasers-market/table-of-content