Global Laser Therapy Devices Market

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 Dynamics

Laser Therapy Devices Market 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.

Laser Therapy Devices Market 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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FAQs

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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Global Laser Therapy Devices Market

Report ID: SQMIG35B2163

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