What is the global market size of Laser Therapy Devices Market?

Laser Therapy Devices Market size was valued at USD 1.92 billion in 2021 and is poised to grow from USD 2 billion in 2022 to USD 2.84 billion by 2030, growing at a CAGR of 4.01% in the forecast period (2023-2030).

Laser Therapy Devices Market Size, Share, Growth Analysis, By Type(Diode Lasers, Solid State Lasers, Liquid Lasers, Semiconductor Lasers), By End-Use(Hospitals, Ambulatory Surgical Centres, Home Healthcare), By Application(Dermatology, Aesthetics, Surgery, Gynaecology), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35B2163 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 100 | Figures: 76

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.

Laser Therapy Devices Market Report Snapshots

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Laser Therapy Devices Market size was valued at USD 1.92 billion in 2019 and is poised to grow from USD 2 billion in 2023 to USD 2.84 billion by 2031, growing at a CAGR of 4.01% in the forecast period (2024-2031).

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. 'Lumenis', 'Alma Lasers', 'Cynosure (Hologic)', 'Cutera', 'El.En. S.p.A.', 'Fotona', 'Hologic', 'Iridex', 'LightForce Therapy Lasers', 'LiteCure', 'Lutronic Corporation', 'Quanta System', 'Sciton', 'Syneron Candela', 'Biolase', 'Erchonia Corporation', 'Theralase Technologies', 'Zimmer MedizinSysteme', 'Spectranetics Corporation (Philips)', 'A.R.C. LASER'

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 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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Laser Therapy Devices Market Regional Insights

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