Laser Therapy Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2031

The laser therapy market size in 2021 stood at US$ 2.00 billion and is projected to reach US$ 6.49 billion by 2031 from US$ XX billion in 2023. The market is expected to register a CAGR of 12.5% in 2023-2031. Growing awareness regarding laser therapy with its fewer health risks and adoption rate in developing regions are likely to remain key laser therapy market trends.

Laser Therapy Market Analysis:

Increasing consumer preference for innovative and non-invasive laser-based technologies will drive global demand for laser therapies. An increasing geriatric population will increase the demand for this technology as it helps reduce pain and inflammation. Increasing eye diseases will also promote the growth of the laser therapy market. Increase in personal disposable income and demand for cosmetic surgeries are further expected to create more lucrative opportunities for market growth.

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Key Players Analysis:

• Alma Lasers,
• Coherent, Inc.,
• biolitec Group,
• BIOLASE, Inc.,
• IPG Photonics Corporation,
• Boston Scientific Corporation,
• BTL,
• Meditech International Inc. (BIOFLEX Laser Therapy),
• Baring Private Equity Asia Ltd (Lumenis),
• Cutera

Laser Therapy Market Overview:

Laser therapy uses the mechanism of photobiomodulation, in which the photons penetrate the tissue and interact with it. This interaction increases cellular metabolism and helps reduce pain and inflammation. Minimally invasive surgical procedures have come into the spotlight in global healthcare. The emergence of surgical wounds and associated infections from conventional procedures has necessitated a shift to alternative approaches. There is a growing need for portable and handheld laser devices for home and outpatient treatments. A significant expansion of applications beyond traditional dermatology, with laser therapy devices in dentistry, ophthalmology, and oncology, is expected to shape the market outlook. The high rate of failure of laser-based surgical procedures and the side effects of laser therapy will further hinder the market growth.

Laser Therapy Market Share Analysis by Geography:

The geographic scope of the laser therapy market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

North America has dominated the laser therapy market. The laser therapy devices market in North America is expected to grow significantly owing to new product developments in the region. Increasing healthcare expenditure and public awareness also contribute to market growth in this region. The advancement of laser therapy devices in various applications such as neurosurgery, gynecology, or ophthalmology, increasing government approvals, and the presence of key market players in the region are leading to the growth of the laser therapy market.

SEGMENTATION:

The study conducts a SWOT analysis of each company to evaluate strengths and weaknesses. It also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Laser Therapy market segments and regions.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Laser Therapy Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Laser Therapy Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.