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 2025-2032


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

Laser Therapy Devices Market Insights

Laser Therapy Devices Market size was valued at USD 2 Billion in 2023 and is poised to grow from USD 2.08 Billion in 2024 to USD 2.95 Billion by 2032, growing at a CAGR of 4.01% during the forecast period (2025-2032).

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.

US Laser Therapy Devices Market  is poised to grow at a sustainable CAGR for the next forecast year.

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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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