San Francisco, California, May 28, 2017: TMR Research has published a new report titled, “Veterinary Lasers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” According to the report, there has been a rapid increase in the adoption of veterinary lasers on account of their non-invasive nature and the post-surgery swift healing process. Another factor bolstering the demand for veterinary lasers is the fact that these lasers can be applied on a wide range of pets including a canine, equine, feline, and avian among others.
With rising the adoption of pets by people thanks to an increase in the disposable income, it is expected that the need for pet care will rise, subsequently benefiting the veterinary lasers market. The growing awareness especially in Western countries about pet care and the presence of several pet health care centres will fuel the growth of the market. On the other hand, the high cost of veterinary lasers will be a factor that will restrain the growth of the market. The inadequate number of trained professionals for carrying out complex procedures will also be a challenge.
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On the basis of geography, Europe and North America are lucrative markets for veterinary lasers on account of a higher adoption of pets by people in the region as well as growing concern about the health of the pets. The rising awareness about the benefits of minimally invasive procedures will also help drive the growth of the market in these two developed regions. Another important factor which is working well for the growth of the North American and European markets is the increased disposable income of the people which allows them to adopt expensive treatments for their pets. Moderate paced growth can be expected in the Asia Pacific in the near future as local manufacturers develop new products and the trend of non-invasive treatment methods penetrates the market.
The report discusses prominent players operating within the global veterinary lasers market such as VBS Direct Limited, SpectraVET Inc., Aspen Laser Systems, LLC, Cutting Edge Laser Technologies, Excel Lasers Limited, Aesculight, Biolase, Inc., and K-Laser, LLC.