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Veterinary Lasers Market: Attractive Investment Opportunities Exist in Latin America North America Continues to Dominate: Global Industry Analysis (2013 - 2017) and Opportunity Assessment (2018 - 2028)

Veterinary Lasers Market: Attractive Investment Opportunities Exist in Latin America North America Continues to Dominate: Global Industry Analysis (2013 - 2017) and Opportunity Assessment (2018 - 2028)

According to the latest research, the US$ 123.2 Mn global veterinary lasers market is apprehended to reach beyond US$ 336 Mn by the end of 2028. The market for veterinary lasers is foreseen to witness robust growth over a 10-year projection period 2018-2028, at a CAGR of 9.7%. Primarily driven by growing pet ownership, the market will also gain traction due to growing demand for laser therapies in both surgical and therapeutic procedures.

North America to Remain at the Forefront; Latin America to Emerge Most Attractive Market

The regional analysis of the global market for veterinary lasers highlights continued dominance of North America, followed by Latin America. North America registered a market value share of more than 26% in 2017, which is expected to stay dominant throughout the forecast period. In terms of growth, North America's market is anticipated to thrive at the fastest CAGR of 10.8% between 2018 and 2028. Increasing pet ownership and soaring awareness about maintaining pet healthcare will collectively fuel the sales of veterinary lasers in North America. This regional market will continue to be led by the US throughout the forecast period.

Latin America, the second largest market for veterinary lasers, will also remain the second fastest growing region with a robust CAGR of 10.2% over the assessment period. By product type, therapeutic laser segment is expected to stay dominant, while by laser type, class 3 segment is presumed to be dominant. By end-user, clinics are anticipated to account for the largest value share of the total revenues in 2028. Increasing prevalence of acute and chronic ailments in animals, followed by decent rise in adoption of imaging devices and equipment, is likely to spur the demand for veterinary lasers in the Latin American region. Owing to earlier and higher penetration of pet care, the pet care market in Latin America is expected to present the most attractive investment opportunities to leading animal healthcare device manufacturers. Moreover, significantly growing demand for non-invasive procedures, growing number of veterinary healthcare facilities, and impressively flourishing markets in Brazil and Mexico will also provide a major thrust to market growth in this region.

Europe is expected to experience a CAGR of over 9% during 2018-2028, whereas developing regions (other than Latin America) will reportedly see CAGRs of above 8%. In a nutshell, all the regional markets across the globe are likely to witness healthy growth over the forecast period.

Therapeutic Laser to Lead by Product Type, Class 3 Laser to Dominate by Laser Type, and Hospitals to Top by End-user

By product type, therapeutic laser segment registered dominance in the global veterinary lasers market in terms of revenue in 2017, and the trend is projected to continue throughout the forecast period. By 2028 end, therapeutic laser segment is estimated to cross a value worth US$ 140 Mn, followed by surgical laser segment - the second key segment in the veterinary laser market. Therapeutic and surgical (combined) will be the most attractive segment estimated to thrive at 10.5% CAGR over the forecast period. Based on laser type, class 3 segment has been dominant over class 2 and class 4 segments. In terms of volume, consumption of class 3 lasers will possibly exceed 20,000 units by the end of 2028. The assessment period is expected to observe robust growth of class 4 laser segment at a CAGR of over 10%. On the basis of end-user, adoption of veterinary lasers by hospitals has been the highest over the years but the next few years are likely to see maximum adoption of veterinary lasers by clinics, in terms of end-user.


1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Global Economic Outlook
3.1. Global Healthcare Market Outlook by Region
4. Market Background
4.1. Macro-Economic Factors
4.2. Opportunity Analysis
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
5. Veterinary Lasers Market Analysis
5.1. Pricing Analysis
5.1.1. Pricing Assumptions
5.1.2. Price Projections Per Country
5.2. Market Volume Analysis
6. Regulatory Challenges
7. Market Overview
7.1. Key Manufacturers List
7.2. Key Distributors List
8. North America Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
8.1. Introduction
8.2. Country Market Trends
8.3. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017
8.3.1. U.S.
8.3.2. Canada
8.4. Market Size (US$ Mn) Forecast By Country, 2018-2028
8.4.1. U.S.
8.4.2. Canada
8.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
8.5.1. Therapeutic Lasers
8.5.2. Surgical Lasers
8.5.3. Therapeutic and surgical Lasers
8.6. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
8.7. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
8.7.1. Class 2
8.7.2. Class 3
8.7.3. Class 4
8.8. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
8.9. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
8.9.1. Hospitals
8.9.2. Clinics
8.9.3. Others
8.10. Market Size (US$ Mn) Forecast By End User, 2018-2028
8.11. Market Attractiveness Analysis
8.11.1. By Country Type
8.11.2. By Product Type
8.11.3. By Laser Type
8.11.4. By End User
8.12. Drivers and Restraints: Impact Analysis
8.13. Key Market Participants – Intensity Mapping
9. Western Europe Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
9.1. Introduction
9.2. Country Market Trends
9.3. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017
9.3.1. Germany
9.3.2. Italy
9.3.3. France
9.3.4. Spain
9.3.5. U.K.
9.3.6. Rest of Western Europe
9.4. Market Size (US$ Mn) Forecast By Country, 2018-2028
9.4.1. Germany
9.4.2. Italy
9.4.3. France
9.4.4. Spain
9.4.5. U.K.
9.4.6. Rest of Western Europe
9.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
9.5.1. Therapeutic Lasers
9.5.2. Surgical Lasers
9.5.3. Therapeutic and surgical Lasers
9.6. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
9.7. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
9.7.1. Class 2
9.7.2. Class 3
9.7.3. Class 4
9.8. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
9.9. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
9.9.1. Hospitals
9.9.2. Clinics
9.9.3. Others
9.10. Market Size (US$ Mn) Forecast By End User, 2018-2028
9.11. Market Attractiveness Analysis
9.11.1. By Country Type
9.11.2. By Product Type
9.11.3. By Laser Type
9.11.4. By End User
9.12. Drivers and Restraints: Impact Analysis
9.13. Key Market Participants – Intensity Mapping
10. Latin America Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
10.1. Introduction
10.2. Country Market Trends
10.3. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017
10.3.1. Brazil
10.3.2. Mexico
10.3.3. Rest of Latin America
10.4. Market Size (US$ Mn) Forecast By Country, 2018-2028
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Rest of Latin America
10.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
10.5.1. Therapeutic Lasers
10.5.2. Surgical Lasers
10.5.3. Therapeutic and surgical Lasers
10.6. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
10.7. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
10.7.1. Class 2
10.7.2. Class 3
10.7.3. Class 4
10.8. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
10.9. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
10.9.1. Hospitals
10.9.2. Clinics
10.9.3. Others
10.10. Market Size (US$ Mn) Forecast By End User, 2018-2028
10.11. Market Attractiveness Analysis
10.11.1. By Country Type
10.11.2. By Product Type
10.11.3. By Laser Type
10.11.4. By End User
10.12. Drivers and Restraints: Impact Analysis
10.13. Key Market Participants – Intensity Mapping
11. Eastern Europe Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
11.1. Introduction
11.2. Country Market Trends
11.3. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017
11.3.1. Russia
11.3.2. Poland
11.3.3. Rest of Eastern Europe
11.4. Market Size (US$ Mn) Forecast By Country, 2018-2028
11.4.1. Russia
11.4.2. Poland
11.4.3. Rest of Eastern Europe
11.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
11.5.1. Therapeutic Lasers
11.5.2. Surgical Lasers
11.5.3. Therapeutic and surgical Lasers
11.6. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
11.7. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
11.7.1. Class 2
11.7.2. Class 3
11.7.3. Class 4
11.8. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
11.9. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
11.9.1. Hospitals
11.9.2. Clinics
11.9.3. Others
11.10. Market Size (US$ Mn) Forecast By End User, 2018-2028
11.11. Market Attractiveness Analysis
11.11.1. By Country Type
11.11.2. By Product Type
11.11.3. By Laser Type
11.11.4. By End User
11.12. Drivers and Restraints: Impact Analysis
11.13. Key Market Participants – Intensity Mapping
12. APECJ Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
12.1. Introduction
12.2. Country Market Trends
12.3. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017
12.3.1. India
12.3.2. Australia and New Zealand
12.3.3. ASEAN
12.3.4. Rest of APECJ
12.4. Market Size (US$ Mn) Forecast By Country, 2018-2028
12.4.1. India
12.4.2. Australia and New Zealand
12.4.3. ASEAN
12.4.4. Rest of APECJ
12.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
12.5.1. Therapeutic Lasers
12.5.2. Surgical Lasers
12.5.3. Therapeutic and surgical Lasers
12.6. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
12.7. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
12.7.1. Class 2
12.7.2. Class 3
12.7.3. Class 4
12.8. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
12.9. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
12.9.1. Hospitals
12.9.2. Clinics
12.9.3. Others
12.10. Market Size (US$ Mn) Forecast By End User, 2018-2028
12.11. Market Attractiveness Analysis
12.11.1. By Country Type
12.11.2. By Product Type
12.11.3. By Laser Type
12.11.4. By End User
12.12. Drivers and Restraints: Impact Analysis
12.13. Key Market Participants – Intensity Mapping
13. China Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
13.1. Introduction
13.2. Country Market Trends
13.3. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
13.3.1. Therapeutic Lasers
13.3.2. Surgical Lasers
13.3.3. Therapeutic and surgical Lasers
13.4. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
13.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
13.5.1. Class 2
13.5.2. Class 3
13.5.3. Class 4
13.6. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
13.7. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
13.7.1. Hospitals
13.7.2. Clinics
13.7.3. Others
13.8. Market Size (US$ Mn) Forecast By End User, 2018-2028
13.9. Market Attractiveness Analysis
13.9.1. By Product Type
13.9.2. By Laser Type
13.9.3. By End User
13.10. Drivers and Restraints: Impact Analysis
13.11. Key Market Participants – Intensity Mapping
14. Japan Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
14.1. Introduction
14.2. Country Market Trends
14.3. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
14.3.1. Therapeutic Lasers
14.3.2. Surgical Lasers
14.3.3. Therapeutic and surgical Lasers
14.4. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
14.5. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
14.5.1. Class 2
14.5.2. Class 3
14.5.3. Class 4
14.6. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
14.7. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
14.7.1. Hospitals
14.7.2. Clinics
14.7.3. Others
14.8. Market Size (US$ Mn) Forecast By End User, 2018-2028
14.9. Market Attractiveness Analysis
14.9.1. By Product Type
14.9.2. By Laser Type
14.9.3. By End User
14.10. Drivers and Restraints: Impact Analysis
14.11. Key Market Participants – Intensity Mapping
15. MEA Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
15.1. Introduction
15.2. Country Market Trends
15.3. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017
15.3.1. GCC
15.3.2. South Africa
15.3.3. Rest of MEA
15.4. Market Size (US$ Mn) Forecast By Country, 2018-2028
15.4.1. GCC
15.4.2. South Africa
15.4.3. Rest of MEA
15.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
15.5.1. Therapeutic Lasers
15.5.2. Surgical Lasers
15.5.3. Therapeutic and surgical Lasers
15.6. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
15.7. Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis By Laser Type, 2013-2017
15.7.1. Class 2
15.7.2. Class 3
15.7.3. Class 4
15.8. Market Size (US$ Mn) and Volume (Units) Forecast By Laser Type, 2018-2028
15.9. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
15.9.1. Hospitals
15.9.2. Clinics
15.9.3. Others
15.10. Market Size (US$ Mn) Forecast By End User, 2018-2028
15.11. Market Attractiveness Analysis
15.11.1. By Country Type
15.11.2. By Product Type
15.11.3. By Laser Type
15.11.4. By End User
15.12. Drivers and Restraints: Impact Analysis
15.13. Key Market Participants – Intensity Mapping
16. Forecast Factors: Relevance and Impact
17. Forecast Assumptions
18. Competition Analysis
18.1. Market Structure by Tier of Companies
18.2. Competition Intensity Mapping by Market Taxonomy
18.3. Competition Dashboard
18.4. Company Deep Dive
18.4.1. Cutting Edge Laser Technologies
18.4.1.1. Overview
18.4.1.2. Product and Age Group Portfolio
18.4.1.3. Production Footprint
18.4.1.4. Sales Footprint
18.4.1.5. Channel Footprint
18.4.1.6. Strategy
18.4.1.6.1. Marketing Strategy
18.4.1.6.2. Product Strategy
18.4.1.6.3. Channel Strategy
18.4.2. BIOLASE, Inc.
18.4.2.1. Overview
18.4.2.2. Product and Age Group Portfolio
18.4.2.3. Production Footprint
18.4.2.4. Sales Footprint
18.4.2.5. Channel Footprint
18.4.2.6. Strategy
18.4.2.6.1. Marketing Strategy
18.4.2.6.2. Product Strategy
18.4.2.6.3. Channel Strategy
18.4.3. Aesculight Llc
18.4.3.1. Overview
18.4.3.2. Product and Age Group Portfolio
18.4.3.3. Production Footprint
18.4.3.4. Sales Footprint
18.4.3.5. Channel Footprint
18.4.3.6. Strategy
18.4.3.6.1. Marketing Strategy
18.4.3.6.2. Product Strategy
18.4.3.6.3. Channel Strategy
18.4.4. LiteCure LLC
18.4.4.1. Overview
18.4.4.2. Product and Age Group Portfolio
18.4.4.3. Channel Footprint
18.4.4.4. Strategy
18.4.4.6.1. Marketing Strategy
18.4.4.6.2. Product Strategy
18.4.4.6.3. Channel Strategy
18.4.5. ERCHONIA CORPORATION
18.4.5.1. Overview
18.4.5.2. Product and Age Group Portfolio
18.4.5.3. Production Footprint
18.4.5.4. Sales Footprint
18.4.5.5. Channel Footprint
18.4.5.6. Strategy
18.4.5.6.1. Marketing Strategy
18.4.5.6.2. Product Strategy
18.4.5.6.3. Channel Strategy
18.4.6. Laserex Technologies Pty Ltd
18.4.6.1. Overview
18.4.6.2. Product and Age Group Portfolio
18.4.6.3. Production Footprint
18.4.6.4. Sales Footprint
18.4.6.5. Channel Footprint
18.4.6.6. Strategy
18.4.6.6.1. Marketing Strategy
18.4.6.6.2. Product Strategy
18.4.6.6.3. Channel Strategy
18.4.7. Respond Systems, Inc.
18.4.7.1. Overview
18.4.7.2. Product and Age Group Portfolio
18.4.7.3. Production Footprint
18.4.7.4. Sales Footprint
18.4.7.5. Channel Footprint
18.4.7.6. Strategy
18.4.7.6.1. Marketing Strategy
18.4.7.6.2. Product Strategy
18.4.7.6.3. Channel Strategy
18.4.8. Technological Medical Advancements, Inc.
18.4.8.1. Overview
18.4.8.2. Product and Age Group Portfolio
18.4.9. Pivotal Health Solutions
18.4.9.1. Overview
18.4.9.2. Product and Age Group Portfolio
18.4.9.3. Production Footprint
18.4.9.4. Sales Footprint
18.4.9.5. Channel Footprint
18.4.9.6. Strategy
18.4.9.6.1. Marketing Strategy
18.4.9.6.2. Product Strategy
18.4.9.6.3. Channel Strategy
19. Global Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028 By Region/Country
19.1. Introduction / Key Findings
19.2. Historical Market Size (US$ Mn) Analysis By Region/Country
19.2.1. North America
19.2.2. Western Europe
19.2.3. Latin America
19.2.4. Eastern Europe
19.2.5. APECJ
19.2.6. China
19.2.7. Japan
19.2.8. Middle East and Africa
19.3. Market Size (US$ Mn) Forecast By Region/Country
19.3.1. North America
19.3.2. Western Europe
19.3.3. Latin America
19.3.4. Eastern Europe
19.3.5. APECJ
19.3.6. China
19.3.7. Japan
19.3.8. Middle East and Africa
19.4. Market Attractiveness Analysis By Country
20. Global Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028, By Product Type
20.1. Introduction/Key Finding
20.2. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017
20.2.1. Therapeutic Lasers
20.2.2. Surgical Lasers
20.2.3. Therapeutic and Surgical Lasers
20.3. Market Size (US$ Mn) Forecast By Product Type, 2018-2028
20.4. Market Attractiveness Analysis By Product Type
21. Global Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028, By Laser Type
21.1. Introduction/Key Finding
21.2. Historical Market Size (US$ Mn) Trend Analysis By Laser Type, 2013-2017
21.2.1. Class 2
21.2.2. Class 3
21.2.3. Class 4
21.3. Market Size (US$ Mn) Forecast By Laser Type, 2018-2028
21.4. Market Attractiveness Analysis By Laser Type
22. Global Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028, By End User
22.1. Introduction/Key Finding
22.2. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017
22.2.1. Hospitals
22.2.2. Clinics
22.2.3. Others
22.3. Market Size (US$ Mn) Forecast By End User, 2018-2028
22.4. Market Attractiveness Analysis By End User
23. Global Veterinary Lasers Market Analysis 2013–2017 and Forecast 2018–2028
23.1. Market Value Share Analysis By All Segment
23.2. Y-o-Y Growth Analysis By All Segment
23.3. Absolute $ Opportunity
24. Assumptions and Acronyms Used
25. Research Methodology

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