Increasing demand for therapeutic process as fast and less pain treatment is driving the global veterinary lasers market largely. Growing awareness regarding surgical options in order to reduce recovery time is expected to expand the consumer base for veterinary lasers. However, lack of skilled professionals and high cost are likely to restrain the global market growth.
A recent study by Future Market Insights assesses a robust 9.7% CAGR growth of the global veterinary lasers market, to reach a valuation of nearly US$ 336Mn by 2028-end. Developing useful and effective veterinary lasers for the end-users will be a significant trend driving the growth of veterinary lasers equipment in the forthcoming years. The study further provides important landscapes for growth of global veterinary lasers market in the near future.
Analysts who are part of report development have provided beneficial insights on how global market for veterinary lasers will expand through 2028. Besides, analysts have responded to the key concerns of industry participants and market observers.
Who do you think can create lucrative opportunities for the global veterinary lasers market growth?
Well, it has been observed that there are advancements with regards to pet insurance coverage, a value-added factor that is creating opportunities for the global market growth. The need for non-invasive techniques is rising amongst the pet owners due to its features such as less painful treatment and better-efficiency.
What according to you is trending in the global veterinary lasers market?
Well, there is considerable increase in the number of pet owners and rising spending on pets care. Moreover, private and government collaborations in order to manufacture better-quality care to the pets will drive the global market for veterinary lasers in the forthcoming years. The scenario of global market is expected to change with advancement in veterinary clinics and hospitals along with increasing healthcare facilities.
Can you provide some beneficial viewpoints on global veterinary lasers market?
Well, North America is expected to remain dominant in the global market through 2028. Developing regions such as Latin America will contribute significantly towards revenue growth of the global market in the forthcoming years. Moreover, the emerging economies are expected to witness robust growth during the forecast period, 2018-2028. In terms of growth rate and value, Americas are likely to be followed by Europe.
According to you, what are the challenges that are likely to pose for the global market?
Lack of beneficial reimbursement policies in the emerging economies coupled with dearth of skilled and trained professionals and specialists, high costs and probable health risks related to laser therapies are likely to pose challenges for the global veterinary lasers market.
Who are the major players in the global market for veterinary lasers?
The major players profiled by our analysts include BIOLASE, Inc., Pivotal Health Solutions, LiteCure LLC, Cutting Edge Laser Technologies, Technological Medical Advancements, Inc. and Laserex Technologies Pty Ltd. By introducing innovative veterinary lasers, the major players are working towards acquiring a competitive position in the global veterinary lasers market.
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