Laser Therapy Market is sophistication of Technology Anticipated to Huge Growth Over 2023 :

Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Laser Therapy Market.

Market Synopsis:

Laser therapy has been effectively used in in the past for treating various disorders and diseases. Latest advancements in the treatment are likely to boost the revenue generated from the therapy over the next couple of years. According to the analysis offered by Market Research Future (MRFR), the global Laser Therapy Market is anticipated to exhibit a CAGR of 9.2% during the forecast period 2017 to 2023.

The advancements in the healthcare sector have led to a shift in consumer preferences towards non-invasive therapies. This, in turn, is expected to accelerate revenue growth for the players of the market. Increasing applications for the treatment of various diseases such as kidney stones, tumors, hair loss treatment, aesthetic surgeries, etc. is anticipated to have a positive influence on the expansion of the laser therapy market in the foreseeable future. Also, laser therapy is used in the treatment of major diseases such as cancer. The increasing burden of the disease is anticipated to catalyze the growth of the laser therapy market in the forthcoming years.

The use of laser technology in the treatment of ophthalmic diseases is also expected to contribute significantly towards the development of laser therapy market over the assessment period. Rising prevalence of eye disorders, especially among the older adults, is projected to drive the expansion of the laser therapy market in the nearby future. The growing population of older adults is expected to support the growth rate of the market across the projection period.

Market Segmentation:

By type, the global laser therapy market has been segmented into solid state lasers, dye lasers, diode lasers, gas lasers, and others.

Based on application, the laser therapy market has been segmented into surgery, dermatology and aesthetics, dental, and others. The surgery segment has been further sub-segmented into ophthalmology, urology, and others.

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Competitive Dashboard:

The players operating in the global laser therapy market are Angiodynamics, Inc. (U.S.), Valeant (Canada), Biolase Inc. (U.S.), IRIDEX Corp. (U.S.), Coherent, Inc. (U.S.), Cutera (U.S.), and Alma Lasers (Israel).

Regional Analysis:

By region, the global laser therapy market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is anticipated to lead the growth of the global market in the upcoming years. The growing patient population for diseases such as cancer, cataract, cosmetic surgery, etc. is projected to expedite the growth rate of the regional laser therapy market. Other factors anticipated to favor market growth in the region are increasing geriatric population, rising healthcare expenditure, changing lifestyle, etc.

Europe is likely to secure the second position in the marketplace during the assessment period. Availability of funds for research & development, coupled with government support, is projected to act as a growth catalyst to market growth.

Asia Pacific stood at the third position and is expected to maintain it in the years to come. It is also projected to expand at a comparatively higher CAGR across the forecast period. The factors responsible for driving the expansion of the laser therapy market in the region are increasing number of older adults, economic development, presence of fast-developing regions, etc. Meanwhile, the Middle East & Africa is anticipated to hold the least market share owing to poor socio-economic conditions prevailing in the region.

Industry News:

  • In May 2019, Mahaska Chiropractic of Oskaloosa has unveiled its new therapy laser center in the Southeast Iowa area.
  • In May 2019, an international leader in low-level laser technology ("3LT"), Erchonia Corporation, has ventured into South Korean market particularly with its Lunula Laser, which non-thermally and non-invasively targets foot fungus.
  • In April 2019, a provider of ophthalmic laser-based medical products, IRIDEX Corporation, announced that its MicroPulse® technology got featured at the 2019 Association for Research in Vision & Ophthalmology (ARVO).