Laser Therapy Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Laser Therapy Devices Market: By Product (Solid-State Laser, Gas Laser, Liquid Laser, Semiconductor Laser), By Application (Dermatology, Dentistry, Gynaecology, Ophthalmology, Urology and Others), By End User (Hospitals, Ambulatory Surgical centers and Others) By Geography

 

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Report

Description

The global laser therapy devices market size US$ 1,656.43 million in 2020 and expected to reach US$ 3,623.02 million by 2027, at a CAGR of 9.8% from 2021 to 2027. 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.

Laser Therapy Devices Market

MARKET SUMMARY
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9.8% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 9.8%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Laser Therapy Devices Market

  • The report on global laser therapy devices market gives historical, current and future market sizes (US$ Mn) on the basis on product, application, end user and geography.
  • laser therapy devices market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Boston Scientific Corporation (U.S.)
  • Coherent, Inc. (U.S.)
  • Lumenis Ltd. (Israel)
  • Hologic Inc. (U.S.)
  • Biolitec AG (Germany)
Drivers And Restraints

Laser Therapy Devices Market

Global laser therapy devices market is mainly driven by rise in demand for noninvasive laser therapies in aesthetic treatment. In addition, rise in prevalence of cancer and technological advancements in laser therapy techniques such as cold laser therapy are expected to boost the global market over the forecast period. Furthermore, advantages over the conventional surgical procedures such as short hospital stay and no need of surgical procedure stimulating the adoption of the laser therapy by the patients and healthcare professions. However, stringent regulatory issues and probability of getting cancer due to laser therapies may hinder the market growth over the forecast period.


North-America got significant share

Laser Therapy Devices Market

Geographically Laser Therapy devices market is divided into five key regions, i.e. North America, Europe, Asia Pacific, Latin America, and The Middle East and Africa. North America expected to have significant market share in global laser therapy devices market owing to the technological advancements such as advent of the home laser therapy devices such as LaserCap and growing adaptation of noninvasive treatments in aesthetics market. Asia Pacific laser therapy systems market is expected to project lucrative growth opportunity owing to the rise in disposable income, developing healthcare infrastructure and adaptation of noninvasive therapies for treatment of the skin diseases and other aesthetics

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • 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.

Key

Key Features of the Report

Laser Therapy Devices Market segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • IPG Photonics Corporation (U.S.)
  • Boston Scientific Corporation (U.S.)
  • Coherent, Inc. (U.S.)
  • Lumenis Ltd. (Israel)
  • Hologic Inc. (U.S.)
  • Biolitec AG (Germany)
  • Fotona d.d. (Slovenia)
  • Alma Lasers, Ltd. (Israel)
  • Thermo Fisher Scientific, Inc. (U.S.)
  • The Danaher Corporation (U.S.)

Description

The global laser therapy devices market size US$ 1,656.43 million in 2020 and expected to reach US$ 3,623.02 million by 2027, at a CAGR of 9.8% from 2021 to 2027. 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.

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