Global Laser Therapy Devices Market

Global Laser Therapy Devices Market Size, Share, Growth Analysis, By Type(Diode Lasers, Solid State Lasers), By End-Use(Hospitals, Ambulatory Surgical Centres), By Application(Dermatology, Aesthetics) - Industry Forecast 2022-2028


Report ID: SQSG35B2027 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 100 | Figures: 66

Global Laser Therapy Devices Market Insights

The Global Laser Therapy Devices market size was valued at USD 1.98 billion in 2021 and is expected to reach USD 3.98 billion by 2028, growing at a CAGR of 10.76% during the forecast period. (2022 - 2028).

Laser therapy is a medical treatment that involves the implementation of low- and high-level beams to the body's surface to treat issues such as body pain, leukemia symptomatology, kidney problems, and cancers. LASER is an acronym that stands for light amplification by stimulated emitted radiations. Laser treatment employs the photo biomodulation mechanism, in which photons enter and interact with tissue. This interaction increases cellular metabolism and aids in the reduction of pain and inflammation throughout the body. Laser therapies are used in a variety of fields, including surgical procedures, dental procedures, and astigmatism eye surgery, among others. Aside from these, laser therapy can be applied to any part of the body.

Increasing consumer priority for inventive and non-invasive laser-based technologies will boost global demand for laser therapies. The growing geriatric population will boost demand for this technology, which helps to alleviate inflammation and pain in the body. Rising eye disorders will also support the growth of the laser therapy market. Increased personal disposable income and the demand for cosmetic surgeries will create even more lucrative opportunities for the laser therapy market to grow. However, the high costs of maintenance and installation of advanced technologies will limit the market growth. Furthermore, the government's stringent regulations on the acquisition and installation of technology will slow the market's growth rate. The high failure rate of laser-based surgical procedures, combined with the adverse effects of undergoing laser therapy, will further stymie market growth.

Market snapshot

Global Market Size

USD 1.98 billion

Largest Segment

Hospitals

Fastest Growth

Hospitals

Growth Rate

10.76% CAGR

Global Laser Therapy Devices Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Laser Therapy Devices Market Size By End-Use 2022-2028 ($ Bn)
Global Laser Therapy Devices Market Size By End-Use 2022-2028 (%)

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Global Laser Therapy Devices Market Segmental Analysis

The Global Laser Therapy Devices market is segmented based on Type, End-Use, Application, and Region. Based on type, the market is segmented into Diode Lasers, Solid State Lasers, Liquid Lasers, Semiconductor Lasers, Gas Lasers, Dye Lasers, and Others. Based on End-Use, the market is segmented into Hospitals, Ambulatory Surgical Centres, and Home Healthcare. Based on Application, the market is segmented into Dermatology and Aesthetics, Surgery, Gynaecology, Dental, Urology, Ophthalmology, Cardiovascular, and Others. Based on region the global Laser Therapy Devices market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by End-Use

Due to the growing number of multispecialty and community hospitals, particularly in emerging markets, hospital has held the largest market share in 2021. The growing emphasis on improving healthcare and hospital infrastructure, particularly in developing countries, is expected to drive demand for medical lasers in these settings. The emergence of multi-specialty hospitals that provide a wide range of services as well as adequate reimbursement policies are attracting a large patient pool to these settings. This, combined with technologically advanced systems by hospitals, is poised to support the growth of the segment.

However, demand for specialty clinics is expected to remain strong, accounting for more than half of the total revenue share. Patients' increased preference for visiting specialized centers for specific ailments is expected to increase the adoption of laser therapy devices across specialty clinics.

Global Laser Therapy Devices Market By End-Use, 2021 (%)

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Global Laser Therapy Devices Market Regional Insights

In 2021, North America has dominated the laser therapy market and will continue to increase its global market share. This is due to the prevalence of the growing market for cosmetic procedures in this region's countries. Asia-Pacific, on the other hand, will have the highest compound annual growth rate during the forecast period due to increased awareness of the benefits of non-invasive laser therapies over invasive therapies, as well as a growing geriatric population. Furthermore, an increase in personal disposable income will increase the demand for laser therapies in this region.

The rise in the incidence of dermatology, eye, and dental diseases also contributes to the region's share. Due to rising health expenditures and increased acceptance of these novel laser techniques, Europe's Laser Therapy Devices market is expected to grow at a significant rate.

Global Laser Therapy Devices Market By Geography, 2022-2028
  • Largest
  • Fastest

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Global Laser Therapy Devices Market Dynamics

Driver

  • Minimally Invasive Surgery is gaining popularity, which is propelling the growth

Globally, the percentage of minimally invasive surgeries has increased, primarily intending to reduce patient trauma. Because advanced instruments allow doctors to work without deconstructing any body part, minimally invasive surgeries necessitate small incisions. Lasers are becoming increasingly popular in modern medicine as minimally invasive techniques for various pathologic processes are sought. Lasers have a wide range of applications outside of the operating room, including ophthalmology, lithotripsy, oncology, and dermatitis and cosmetic procedures. Laser lithotripsy has proven to be extremely effective in fragmenting urinary and biliary stones.

Lasers can do this by creating a shockwave (photo dermal effect). Similarly, laser interstitial thermal therapy (LITT) is used in neurosurgery for patients who are not ideal surgical candidates. The device is inserted into the left atrium and consists of a catheter with a compliant balloon at its tip that is continuously flushed with deuterium oxide. Because of the breadth of their applications, many laser therapy device manufacturers are expanding their presence in key markets.

Restraint

  • Unwanted Dermatological Concerns to Limit Use of Laser Therapy Devices

Burns, scar tissue, dyspigmentation, ocular injury, and infection are all common side effects of laser therapy. Infectious diseases are of significant concern because they can disrupt the skin's barrier function, particularly after laser-assisted procedures. Dermal infections can appear atypically following ablative resurfacing.

Furthermore, Herpes simplex virus (HSV) reactivation is common following laser treatments, especially in the perioral skin. Patients are fearful of undergoing advanced laser surgeries as a result of such incidents, which is expected to limit sales of laser therapy devices significantly.

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Global Laser Therapy Devices Market Competitive Landscape

The laser therapy devices market is comprised of both national and international players who are competing for the top spot. Producers in the laser therapy devices market are concentrating on the advancement of new technologies through the incorporation of laser therapy types such as carbon dioxide laser, pulsed-dye laser, and so on. Such advancements contribute to the laser therapy devices market's rapid growth. Key players also devise a variety of strategies for establishing and expanding their presence in the laser therapy devices market. Mergers, acquisitions, joint ventures, partnerships, and collaborations also have a positive impact on the growth of the laser therapy devices market.

Top Player's Company Profiles

Recent Development

  • In January 2022, The EdgePRO laser-assisted irrigation device, used as an effective cleaning and disinfection alternative within root canal procedures, received FDA 510(k) clearance from BILOASE, Inc., a key player in dental lasers, and EdgeEndo, a company involved in commercializing endodontic products.
  • In December 2021, El.En. S.p.A. collaborated with Clarion Medical Technologies Inc. to distribute the DEKA surgical CO2 laser system and accessories to the Canadian market. This enabled Canadian hospitals and doctors to use the system for ENT and gynecology procedures.

Global Laser Therapy Devices Key Market Trends

  • The rapid transmission rate of the COVID-19 outbreak has wreaked havoc around the world. Governments, scientists, and researchers from all over the world are striving to discover a treatment for SARS-CoV-2. Laser therapy may also provide a breakthrough in the treatment of COVID-19. The Turkish Ministry of Health finally enacted the Turkish Beam treatment method, which uses laser therapy to kill viruses and bacteria in the body. Clinical trials are still ongoing. If successful, this insight could be a game changer for the laser therapy devices market.
  • The Nanoscope team recently obtained a National Institutes of Health (NIH) grant to pursue their novel methodology for minimizing causalities via ultrafast laser-based gene transfer to the retina. Such advancements demonstrate the administration's support for the development of laser-based technology solutions. Blue Laser recently launched the K-Laser Blue Dental, a three-wavelength laser device. The device has several benefits, including negligible scar formation, minimal collateral damage, and supplementary germicidal properties. These advancements in the dental sector could result in significant growth opportunities for the laser therapy devices market.

Global Laser Therapy Devices Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, we found that the growing need for non-invasive treatments and the increasing need for the treatment of various diseases are driving the market growth. The rising demand for aesthetic laser procedures in developing nations is expected to drive market expansion. The American Society for Aesthetic Plastic Surgery (ASAPS) estimates that the American population spends more than USD 13.00 billion on aesthetic treatments such as acne prevention, body contouring, dermal resurfacing, and others. This is expected to increase demand for these procedures and create a lucrative growth opportunity for the global laser therapy device market.

Report Metric Details
Market size value in 2021 USD 1.98 billion
Market size value in 2028 USD 3.98 billion
Growth Rate 10.76%
Base year 2021
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Diode Lasers, Solid State Lasers, Liquid Lasers, Semiconductor Lasers, Gas Lasers, Dye Lasers, Others
  • End-Use
    • Hospitals, Ambulatory Surgical Centres, Home Healthcare
  • Application
    • Dermatology, Aesthetics, Surgery, Gynaecology, Dental, Urology, Ophthalmology, Cardiovascular, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Laser Therapy Devices Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Laser Therapy Devices Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Laser Therapy Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Laser Therapy Devices Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Laser Therapy Devices Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Laser Therapy Devices Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

The Global Laser Therapy Devices market size was valued at USD 1.98 billion in 2021 and is expected to reach USD 3.98 billion by 2028, growing at a CAGR of 10.76% during the forecast period. (2022 - 2028).

The laser therapy devices market is comprised of both national and international players who are competing for the top spot. Producers in the laser therapy devices market are concentrating on the advancement of new technologies through the incorporation of laser therapy types such as carbon dioxide laser, pulsed-dye laser, and so on. Such advancements contribute to the laser therapy devices market's rapid growth. Key players also devise a variety of strategies for establishing and expanding their presence in the laser therapy devices market. Mergers, acquisitions, joint ventures, partnerships, and collaborations also have a positive impact on the growth of the laser therapy devices market. 'El.En. S.p.A. (Italy)', 'Lumenis Ltd. (US)', 'BIOLASE, Inc. (US)', 'Sisram Medical Ltd. (Israel)', 'IRIDEX Corporation (US)', 'Ellex Medical Lasers Ltd. (Australia)', 'CANDELA CORPORATION (US)', 'Topcon Corporation (Japan)', 'Cynosure Inc. (US)', 'Others'

Minimally Invasive Surgery is gaining popularity, which is propelling the growth

The rapid transmission rate of the COVID-19 outbreak has wreaked havoc around the world. Governments, scientists, and researchers from all over the world are striving to discover a treatment for SARS-CoV-2. Laser therapy may also provide a breakthrough in the treatment of COVID-19. The Turkish Ministry of Health finally enacted the Turkish Beam treatment method, which uses laser therapy to kill viruses and bacteria in the body. Clinical trials are still ongoing. If successful, this insight could be a game changer for the laser therapy devices market.

In 2021, North America has dominated the laser therapy market and will continue to increase its global market share. This is due to the prevalence of the growing market for cosmetic procedures in this region's countries. Asia-Pacific, on the other hand, will have the highest compound annual growth rate during the forecast period due to increased awareness of the benefits of non-invasive laser therapies over invasive therapies, as well as a growing geriatric population. Furthermore, an increase in personal disposable income will increase the demand for laser therapies in this region.

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Global Laser Therapy Devices Market

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