Laser Therapy Devices Market Research, 2031
The global Laser Therapy Devices Market Size was valued at $2.4 billion in 2021 and is projected to reach $5.7 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031. Laser therapy devices are devices that are used to treat or remove tissue by using a precisely focused laser beam. They are used for various applications, which include ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular, and others. Furthermore, these lasers are used in many surgical procedures such as cosmetic surgery, refractive eye surgery, dental procedures, and general surgery, Therefore, rise in demand for non-invasive procedure in such surgical procedure drive the growth of the laser therapy devices market. Moreover, medical lasers can be used for very precise surgical procedures due to their specific wavelength, which is focused in a narrow beam and creates a very high-intensity light. In addition, lasers have proven useful in all medical specialties to vaporize or coagulate tissue. Lasers can be used for surgery on all parts of the body, however, are used most extensively in eye surgery and cosmetic skin procedures
The key factor which drives Laser Therapy Devices Market Growth are a rise in the incidence of eye disorders due to an upsurge in the aged population, an increase in the number of patients using advanced laser-therapy devices globally, and a surge in the importance of aesthetics are the factors that drive the market growth.
In addition, the rise in technological advancement in laser therapy devices and the increase in the adoption of laser therapy devices for aesthetic and dermatological procedures across the world further boost the growth of the market. However, stringent safety regulations and the high rate of failure of laser-based surgical procedures hamper the market growth. An increase in disposable income and growth in demand for laser therapy devices in emerging countries are expected to offer lucrative Laser Therapy Devices Market Opportunity for market growth.
The laser therapy devices is segmented on the basis of type, application, end use, and region. By type, the market is classified into solid-, gas, liquid, and diode. By application, the market is categorized into dermatology & aesthetics, dental, and others. By end user, the market is fragmented into hospitals, specialized clinics, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By application segment review
The dermatology and aesthetics segment accounted for the major Laser Therapy Devices Market Share and is expected to remain dominant throughout the forecast period. This segment is expected to grow at a CAGR of 9.4% from 2022 to 2031, owing to high adoption of laser therapy devices for cosmetic procedures globally.
By product segment review
The diode lasers occupied a major share in Laser Therapy Devices Market Share and is expected to lead the product segment during the forecast period. The diode lasers are estimated to grow at a CAGR of 9.6% during the forecast period. Owing to the increase in the adoption of diode lasers in dental disease. In addition, growth in demand for non-invasive treatments and rise in the number of aesthetic procedures being performed further propels the growth of Laser Therapy Devices Market Size in upcomin years.
By end-user review
On the basis of end-user, the Laser Therapy Devices Industry is classified into hospitals, specialized clinics and others. The others segment includes beauty salons and at home. The specialty clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to an increase in a number of laser therapy devices procedure.
By Region Segment Review
North America accounted for a majority of the global laser therapy devices treatment market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to increase adoption of laser therapy devices, growth in research and development activities as well as presence of strong and established market players.in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in awareness among young population regarding aesthetics appearance, growth in health care expenditures, and rise in adoption of laser therapy devices procedure drives the market of growth in this region.
The report provides a comprehensive analysis of the key players operating in the global Laser Therapy Devices Industry, which include Meditech International (BioFlex Laser). Biolase Inc., Boston Scientific Corporation, Almas Laser, Coherent Inc, Biolitec, Inc, Cutera Inc, BTL Group, Lynton laser and LUMENIS (Baring Private Equity Asia Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser therapy devices market analysis from 2021 to 2031 to identify the prevailing laser therapy devices market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the laser therapy devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global laser therapy devices market trends, key players, market segments, application areas, and market growth strategies.
Laser Therapy Devices Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 5.7 billion |
 Growth Rate | CAGR of 8.9% |
 Forecast period | 2021 - 2031 |
 Report Pages | 315 |
 By Product |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | Coherent, Inc., Alma Lasers, Boston Scientific Corporation, IPG Photonics Corporation, BTL, Baring Private Equity Asia Ltd (Lumenis), Cutera, meditech international inc., Biolase, Inc., Biolitec Group |
Analyst Review
This section provides various opinions of top-level CXOs in the laser therapy devices industry. In accordance to several interviews conducted, the laser therapy devices market is expected to witness a significant growth in the future. The market has piqued the interest of the healthcare industry owing to an increase in prevalence of various chronic diseases globally that require surgical treatment.
According to the perspectives of CXOs, the medical lasers market is dominated by well-established players; hence there is intense competition in the global market. The high adoption of these devices owing to increase in prevalence of various diseases propels the market growth. In addition, technological advancements are prevalent in the market thus, there are increasing product launches, due to which the market is estimated to grow with a high CAGR. Moreover, the use of laser therapy devices in diverse clinical areas is further expected to boost the growth of the market. As per CXOs, North America will lead the global laser therapy devices market during the forecast period owing to the higher number of product approvals and product launches, followed by Europe.
The upcoming trends areincrease in number of laser therapy procedures, rise in demand for laser therapy treatment by female population, and surge in number of key players manufacturing advance devices for laser therapy devices procedure. Moreover, technological advancement in the field of non-invasive aesthetic procedure is anticipated to propel the market growth.
The total market value of Laser Therapy devices Market is $ 2,386.29 million in 2021
North America is the largest regional market for Laser Therapy Devices
The market value of Laser Therapy devices in 2031 was 5,704.01 Million
Meditech International (BioFlex Laser). Biolase Inc., Boston Scientific Corporation are the top companies to hold the market share in Laser Therapy Devices
The base year for the report is 2021
The forecast period in the report is from 2022 to 2031
No, there is no value chain analysis provided in the Laser Therapy devices Market report
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