Laser Therapy Devices Market size was valued at USD 1,818.8 million in 2021 and is expected to reach USD 3,499.4 million by 2028, at a CAGR of 9.8% from 2022 to 2028. Laser therapy is a noninvasive medical process that employs light of a certain wavelength to treat cancers and aberrant growth, remove kidney stones, and restore damaged retinas, among other things. Laser therapy is a type of medical therapy that is deemed sophisticated. In medicine, lasers enable surgeons to work with extreme precision by focusing on a specific location. When compared to standard surgical approaches, this procedure causes less damage to the target. However, laser therapy is pricey and may necessitate multiple trips to surgeons. The market for laser therapy devices is increasing, and this device is also used to block abrupt nerve endings after surgery or operations, to aid lymph vessels minimise swelling, and to help blood vessels prevent blood loss. Laser therapy has now established itself as an important component of ophthalmology. The treatment in laser-based ophthalmology focuses on a beam of light that reshapes the cornea, improving corneal focusing instantaneously. Laser Therapy can also be used to build a specific channel in the eye to relieve glaucoma’s varying intraocular pressures or a large number of small haemorrhages.
In February 2017, Hologic Inc. signed agreement to acquire Cynosure, Inc. This acquisition will expand Hologic’s woman health portfolio with the more than 20 products including the laser therapy devices.
In August 2015, Boston Scientific has acquired three men’s health devices from the American Medical systems for $1.6Bn. The devices include Light Green laser therapy systems for noncancerous enlargement of prostate.