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

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).

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.