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Demand for Global Veterinary Lasers Market Size to Surpass USD 160.82 Billion by 2030, Exhibit a CAGR of 7.72% | Veterinary Lasers Industry Trends, Share, Value, Growth, Analysis & Forecast Report by Zion Market Research
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NEW YORK, United States, April 25, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Veterinary Lasers Market By Application (Regenerative & Tissue Repair, Pain & Inflammation Management, And Others), By Animal Type (Cats, Dogs, And Others), By Class Type (Class 4, Class 3, And Class 2), By Product (Surgical Lasers And Therapeutic Lasers), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global veterinary lasers market size & share in terms of revenue was valued at USD 88.91 billion in 2022 and it is expected to surpass around USD 160.82 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.72% during the forecast period 2023 to 2030.”
The report analyzes the global veterinary lasers market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the veterinary lasers market.
What are Veterinary Lasers? How big is the Veterinary Lasers Industry?
Veterinary Lasers Market Overview:
The development and marketing of lasers intended expressly for use in veterinary applications are the focus of the veterinary lasers industry, a subsegment of the larger medical lasers market. These gadgets use particular light wavelengths to treat a variety of medical issues in animals.
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Simple dermatological issues to major surgeries may be involved in the disorders. Due to pet owners’ growing awareness of many veterinary-related medical conditions and their increasing expertise, the demand for associated lasers has grown significantly in the last few years as the veterinary sector has flourished. As long as key players in the market keep supplying laser devices used to treat medical conditions using minimally invasive methods, the community is anticipated to have a high CAGR over the forecast period.
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- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- About 211+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research Methodology
Market Dynamics:
Growth Factors
- Increasing need for minimally invasive procedures will drive market demand
The growing need for minimally invasive or non-invasive medical procedures to cure ailments in animals is expected to fuel the growth of the global market for veterinary lasers. Plans for treating patients utilizing veterinary lasers do not call for the use of traditional surgical equipment, which are known to inflict pain or discomfort on animals. These devices are often driven by laser beams that focus on a specific area that has to be treated.
Restraints
- High related costs hinder market expansion
Due to the high expense of accompanying treatment regimens and the price of veterinary lasers themselves, many pet owners and animal welfare organizations cannot afford to use them. During the forecast period, this is anticipated to restrain the growth of the worldwide veterinary laser market. Additionally, the fraternity experiences inconsistent treatment and subsequent results due to a lack of standardization in veterinary laser applications. In these conditions, the efficacy of laser therapy is still debatable.
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Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 88.91 Billion |
| Market Forecast in 2030 | USD 160.82 Billion |
| Growth Rate | CAGR of 7.72% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Aesculight LLC, Laserex Technologies Pty Ltd., Biolase, Inc., Summus Medical Laser, Cutting Edge Laser Technologies, LightScalpel LLC, VetLaser, Erchonia Corporation, MedArt A/S, K-Laser USA, Sciton, Inc., MARS Bio-Med Processes Inc., LiteCure, LLC, Wuhan HNC Technology Co., Ltd., Multi Radiance Medical, Spectrum Veterinary Instruments, VBS Direct Ltd., Respond Systems Inc., Thor Photomedicine Ltd., Teleflex Medical OEM, and others. |
| Segments Covered | By Application, Animal Type, Class Type, Product, and Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Veterinary Lasers Market: Segmentation Analysis
The global veterinary lasers market is segmented based on application, animal type, class type, product, and region.
Based on application, the global market segments are regenerative & tissue repair, pain & inflammation management, and others. Due to more frequent usage of the equipment, the industry saw its largest revenue in the pain and inflammation management segment in 2022. Using veterinary lasers to treat illnesses that need to control pain and inflammation has proven to be quite successful. The use of lasers allows for the treatment of ailments like arthritis, soft tissue injuries, and any related post-surgical discomfort. Additionally, it is believed to hasten wound healing and lessen the development of scar tissue. The segment for tissue repair and regeneration is also anticipated to expand rapidly. The European Pet Food Industry Federation (FEDIAF) estimates that in 2020, Europeans would spend close to €40.5 billion on pet care.
Based on animal type, the veterinary laser industry segments are cats, dogs, and others.
Based on class type, the global market is divided into class 4, class 3, and class 2. Given that class 4 lasers are now one of veterinarians’ top laser choices, the industry is projected to experience the highest CAGR in this segment. Compared to class 3 and class 2 lasers, these devices are powerful and deliver a higher energy density. Class 4 is now more adaptable and can be utilized in procedures for managing pain, repairing tissue, and mending wounds. Class 4 veterinary lasers have an energy density that can range from 60 J/cm2 to 500 J/cm2.
The global veterinary lasers market is segmented as follows:
By Application
- Regenerative & Tissue Repair
- Pain & Inflammation Management
- Others
By Animal Type
- Cats
- Dogs
- Others
By Class Type
- Class 4
- Class 3
- Class 2
By Product
- Surgical Lasers
- Therapeutic Lasers
Competitive Landscape
Some of the main competitors dominating the global veterinary lasers market include –
- Aesculight LLC
- Laserex Technologies Pty Ltd.
- Biolase Inc.
- Summus Medical Laser
- Cutting Edge Laser Technologies
- LightScalpel LLC
- VetLaser
- Erchonia Corporation
- MedArt A/S
- K-Laser USA
- Sciton Inc.
- MARS Bio-Med Processes Inc.
- LiteCure LLC
- Wuhan HNC Technology Co. Ltd.
- Multi Radiance Medical
- Spectrum Veterinary Instruments
- VBS Direct Ltd.
- Respond Systems Inc.
- Thor Photomedicine Ltd.
- Teleflex Medical OEM
Key Insights from Primary Research:
- According to the analysis shared by our research analyst, the veterinary lasers market is likely to expand at a CAGR of around 7.72% during the forecast period (2023-2030).
- In terms of revenue, the veterinary lasers market size was valued at around US$ 88.91 billion in 2022 and is projected to reach US$ 160.82 billion by 2030.
- The veterinary lasers market is projected to grow at a significant rate due to the growing demand for non-invasive medical techniques
- Based on class type segmentation, class 4 was predicted to show maximum market share in the year 2022
- Based on application segmentation, pain & inflammation management was the leading application in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/veterinary-lasers-market
Key questions answered in this report:
- What is the market size and growth rate forecast for Veterinary Lasers industry?
- What are the main driving factors propelling the Veterinary Lasers Market forward?
- What are the leading companies in the Veterinary Lasers Industry?
- What segments does the Veterinary Lasers Market cover?
- How can I receive a free copy of the Veterinary Lasers Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Application, Animal Type, Class Type, Product, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
- North America will remain dominant throughout the predicted period
North America is predicted to experience the strongest growth in the global veterinary lasers market, with the US accounting for the largest part of the regional market. Factors such as rising pet adoption rates, the availability of a competent labour force, a strong medical infrastructure including veterinary care facilities, and increased access to animal welfare organizations and private pet owners with funds for veterinary care.
Additionally, the rising investments in research and development to support technical improvements and the growing collaboration between market participants to improve product and service reach are anticipated to benefit the local industry. Due to a strong emphasis on animal care, a surge in the adoption of animals, and favourable medical legislation, Europe is expected to generate significant revenue.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
To Know More About This Report | Request A Free Sample Copy of the Global Veterinary Lasers Market
Recent Developments
- In October 2020, Summus Laser, a leading player in the industry, announced the launch of the Horizon Veterinary Laser System. It is a class 4 laser system and is specifically designed to be used in the veterinary industry. The system runs on 28 watts of power and works on a combination of 4 wavelengths making it one of the most advanced lasers available in the market
- In January 2023, Multi Radiance Veterinary (MRV) announced its partnership with Digatherm Thermal Imaging as the former managed to gain the distributorship rights of Digatherm’s revolutionary thermography products, especially the infrared cameras
- In November 2020, Eltech K-LASER and INDIBA, a leading distributor of radiofrequency health products, announced a partnership targeting the US and Canadian markets. With this move, clients of K-Laser will now have access to the products and services of INDIBA.
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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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