Laser Therapy Market Research Report – Global Forecast till 2023

Laser Therapy Market Research Report – Global Forecast till 2023

ID: MRFR/HC/2524-CRR | December, 2017 | Region: Global | 90 pages | Cooked Research Reports

Laser Therapy Market Research Report, By Type (Diode Lasers, Solid State Lasers, Gas Lasers, Dye Lasers, and others), By Application (Dermatology and Aesthetics, Surgery, Dental, Urology, Ophthalmology, and others) - Global Forecast from 2017 to 2023 


Market Scenario 


Laser therapy is a non-invasive medical treatment that uses light of a specific wavelength to treat multiple diseases. Laser therapy is most commonly used to remove tumors or precancerous growths, remove kidney stones, repair a detached retina, treat hair loss, and various cancers. Laser treatment is also used to seal nerve endings after surgery, lymph vessels to reduce swelling, and blood vessels to help prevent blood loss. Lasers have become an essential part of the ophthalmology. In laser-based ophthalmology, a beam of light reshapes the cornea, thereby improves the corneal focusing. It can also be used to create a channel to relieve the intraocular pressure of glaucoma or cauterize tiny hemorrhages. Commonly used lasers in ophthalmology are Nd: YAG LASER, excimer LASER, femtosecond LASER, and others. Increasing prevalence of the diseases like cataract and arthritis is the major driver for the market growth. According to the National Eye Institute, the number of people in the U.S. with cataract is expected to double from 24.4 million in 2010 to 50 million by 2050. Moreover, in 2015, National Eye Institute stated that more than half of the Americans suffer from a cataract related problems in their life span. Moreover, growing demand for aesthetics and rising geriatric population followed by increasing demand for non-invasive procedures will boost the market growth. However, high procedural cost will restrain the market growth during the forecast period.


The global laser therapy market is expected to grow at a CAGR of 9.2% during the forecast period.

 


Intended Audience



  • Pharmaceutical companies

  • Laser therapyIndustry

  • Research and Development (R&D) Companies

  • Medical Research Laboratories

  • Market Research and Consulting Service Providers


 


Figure 1:- Global laser therapy market share, by region

Global laser therapy market



Sources: WHO, annual reports, press release, white paper, and company presentation


 


Segmentation


The global laser therapy market is segmented on the basis of type and application.


On the basis of type, the market is segmented into diode lasers, solid state lasers, gas lasers, dye lasers, and others.


On the basis of application, the market is segmented into dermatology and aesthetics, surgery, dental, and others. The surgery segment is further segmented into urology, ophthalmology, and others.


 


Regional Analysis


America dominates the global laser therapy market owing to a well-developed healthcare sector. Moreover, huge patient population for medical conditions like arthritis and cataract, drives the market growth. According to the Centres for Disease Control and Prevention, about 78 million U.S. adults aged 18 years or older are projected to have doctor-diagnosed arthritis by 2040. Additionally, changing lifestyle, increasing healthcare expenditure, and growing geriatric population have boosted the growth of the market in America. 


Europe is the second largest laser therapy market, which is followed by Asia Pacific. Availability of funds for research, huge patient population, increasing healthcare expenditures, a well-developed healthcare sector and government support for research & development are projected to drive the market growth during the forecasted period. According to the Royal National Institute of Blind People (2016), the number of people living with sight loss are expected to reach 2.7 million by 2030 due to possible cases of refractive error, cataract, glaucoma, and others. 


Asia Pacific is the fastest growing region in the global market due to the presence of a huge patient population, continuously developing economies like India and China which are presenting great opportunities to the market. Moreover, growing geriatric population within the region boosts the market growth. According to the Economic and Social Commission for Asia and the Pacific, in 2016 about 12.4% of the population within the region aged 60 or more and this geriatric population is expected to reach 1.3 billion by 2050. 


On the other hand, the Middle East & Africa hold the least share in the global laser therapy market due to presence of poor economy and stringent government policies, especially, in the African region. Majority of the market of this region is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure. 


Research Methodology

Global Laser Therapy Market-


Sources: WHO, annual reports, press release, white paper, and company presentation 


Key players for global laser therapy market


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


 

License

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TABLE OF CONTENTS

1.1 Introduction 11

2.1 Introduction 13
2.2 Scope of Study 13
2.3 Research Objective 13
2.4 Assumptions & Limitations 14
2.4.1 Assumptions 14
2.4.2 Limitations 14

3.1 Primary Research Methodology 16
3.2 Secondary Research Methodology 18
3.3 Market Share Analysis 19
3.4 Trade Analysis 19
3.5 Market Pricing Approach 19

4.1 Introduction 20
4.2 Drivers 21
4.2.1 Increasing prevalence of diseases like cataract and arthritis (Impact Weightage- 35%) 21
4.2.2 Growing geriatric population and the rising demands for non-invasive procedures (Impact Weightage- 32%) 22
4.2.3 Growing demands for aesthetics (Impact Weightage- 33%) 23
4.3 Restraints 24
4.3.1 High cost 24

5.1 Porters Five Forces 25
5.1.1 Introduction 25
5.1.2 Bargaining power of suppliers 25
5.1.3 Bargaining power of buyers 26
5.1.4 Threat of new entrants 26
5.1.5 Threat of substitutes 26
5.1.6 Degree of rivalry 26
5.2 Value Chain Analysis 27
5.2.1 Raw material 28
5.2.2 Supplier 29
5.2.3 Manufacturer 30
5.2.4 Distributer 30
5.2.5 Customer 31
5.2.6 Consumer 31
5.3 Demand & Supply: Gap Analysis 32
5.4 Pricing Analysis 32

6.1 Introduction 33
6.2 Diode Lasers 34
6.3 Solid State Lasers 35
6.4 Gas Lasers 36
6.5 Dye Lasers 37

7.1 Introduction 38
7.2 Dermatology and Aesthetics 40
7.3 Surgery 41
7.4 Dental 42

8.1 Introduction 43
8.2 Americas 45
8.2.1 U.S. 48
8.2.2 Canada 49
8.2.3 South America 51
8.3 Europe 53
8.3.1 Western Europe 56
8.3.1.1 Germany 57
8.3.1.2 France 59
8.3.1.3 U.K. 60
8.3.1.4 ITALY 62
8.3.1.5 SPAIN 63
8.3.1.6 Rest of Western Europe 65
8.3.2 Eastern Europe 66
8.4 Asia Pacific 68
8.4.1 Japan 71
8.4.2 China 72
8.4.3 India 74
8.4.4 Republic of Korea 75
8.4.5 Australia 77
8.4.6 Rest of Asia Pacific 78
8.5 Middle East & Africa 80
8.5.1 Middle East 83
8.5.2 Africa 84

9.1 Introduction 86
9.2 Key Developments 87

10.1 Angiodynamics, Inc. 89
10.1.1 Company Overview 89
10.1.2 Financials 89
10.1.3 Products 89
10.1.4 Strategy 89
10.1.5 Key Developments 89
10.2 Biolase Inc. 90
10.2.1 Company Overview 90
10.2.2 Financials 90
10.2.3 Products 90
10.2.4 Strategy 90
10.2.5 Key Developments 90
10.3 Valeant 91
10.3.1 Company Overview 91
10.3.2 Financials 91
10.3.3 Products 91
10.3.4 Strategy 91
10.3.5 Key Developments 91
10.4 IRIDEX Corp. 92
10.4.1 Company Overview 92
10.4.2 Financials 92
10.4.3 Products 92
10.4.4 Strategy 92
10.4.5 Key Developments 92
10.5 Cutera 93
10.5.1 Company Overview 93
10.5.2 Financials 93
10.5.3 Products 93
10.5.4 Strategy 93
10.5.5 Key Developments 93
10.6 Coherent, Inc. 94
10.6.1 Company Overview 94
10.6.2 Financials 94
10.6.3 Products 94
10.6.4 Strategy 94
10.6.5 Key Developments 94
10.7 Alma Lasers 95
10.7.1 Company Overview 95
10.7.2 Financials 95
10.7.3 Products 95
10.7.4 Strategy 95
10.7.5 Key Developments 95

11.1 Discussion Blue Print 96
11.2 References 97

12.1 Key Findings 98
12.1.1 CEO’s Viewpoint 98
12.1.2 Key Companies to Watch 98
12.1.3 Prediction of Laser Therapy Industry 98

TABLE 1 PRIMARY INTERVIEWS 16
TABLE 2 SAMPLE SIZE DETERMINATION OF END USER (HOSPITALS & CLINICS) 17
TABLE 3 GLOBAL LASER THERAPY MARKET, BY TYPE, 2014 TO 2023 (USD MILLION) 34
TABLE 4 GLOBAL LASER THERAPY MARKET FOR DIODE LASERS, BY REGION 2014 TO 2023 (USD MILLION) 34
TABLE 5 GLOBAL LASER THERAPY MARKET FOR SOLID STATE LASERS, BY REGION 2014 TO 2023 (USD MILLION) 35
TABLE 6 GLOBAL LASER THERAPY MARKET FOR GAS LASERS, BY REGION, 2014 TO 2023 (USD MILLION) 36
TABLE 7 GLOBAL LASER THERAPY MARKET FOR DYE LASERS, BY REGION 2014 TO 2023 (USD MILLION) 37
TABLE 8 GLOBAL LASER THERAPY MARKET, BY APPLICATION, 2014 - 2023 (USD MILLION) 39
TABLE 9 GLOBAL LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 - 2023 (USD MILLION) 39
TABLE 10 GLOBAL LASER THERAPY MARKET FOR DERMATOLOGY AND AESTHETICS, BY REGION 2014 TO 2023 (USD MILLION) 40
TABLE 11 GLOBAL LASER THERAPY MARKET FOR SURGERY, BY REGION 2014 TO 2023 (USD MILLION) 41
TABLE 12 GLOBAL LASER THERAPY MARKET FOR DENTAL,BY REGION 2014 TO 2023 (USD MILLION) 42
TABLE 13 GLOBAL LASER THERAPY MARKET BY REGION 2014 TO 2023 (USD MILLION) 44
TABLE 14 AMERICAS LASER THERAPY MARKET BY COUNTRY 2014 TO 2023 (USD MILLION) 45
TABLE 15 AMERICAS LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 46
TABLE 16 AMERICAS LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 47
TABLE 17 AMERICAS LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 47
TABLE 18 U.S. LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 48
TABLE 19 US LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 48
TABLE 20 U.S. LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 49
TABLE 21 CANADA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 49
TABLE 22 CANADA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 50
TABLE 23 CANADA LASER THERAPY MARKET FOR SURGERY BY TYPE 2014 TO 2023 (USD MILLION) 50
TABLE 24 SOUTH AMERICA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 51
TABLE 25 SOUTH AMERICA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 51
TABLE 26 SOUTH AMERICA LASER THERAPY MARKET FOR SURGERY, BY TYPE, 2014 TO 2023 (USD MILLION) 52
TABLE 27 EUROPE LASER THERAPY MARKET BY COUNTRY 2014–2023 (USD MILLION) 53
TABLE 28 EUROPE LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 54
TABLE 29 EUROPE LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 55
TABLE 30 EUROPE LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 55
TABLE 31 WESTERN EUROPE LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 56
TABLE 32 WESTERN EUROPE LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 56
TABLE 33 WESTERN EUROPE LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 57
TABLE 34 GERMANY LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 57
TABLE 35 GERMANY LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 58
TABLE 36 GERMANY LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 58
TABLE 37 FRANCE LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 59
TABLE 38 FRANCE LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 59
TABLE 39 FRANCE LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 60
TABLE 40 U.K. LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 60
TABLE 41 U.K. LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 61
TABLE 42 U.K. LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 61
TABLE 43 ITALY LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 62
TABLE 44 ITALY LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 62
TABLE 45 ITALY LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 63
TABLE 46 SPAIN LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 63
TABLE 47 SPAIN LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 64
TABLE 48 SPAIN LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 64
TABLE 49 REST OF WESTERN EUROPE LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 65
TABLE 50 REST OF WESTERN EUROPE LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 65
TABLE 51 REST OF WESTERN EUROPE LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 66
TABLE 52 EASTERN EUROPE LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 66
TABLE 53 EASTERN EUROPE LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 67
TABLE 54 EASTERN EUROPE LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 67
TABLE 55 ASIA PACIFIC LASER THERAPY MARKET BY COUNTRY 2014 – 2023 (USD MILLION) 68
TABLE 56 ASIA PACIFIC LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 69
TABLE 57 ASIA PACIFIC LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 70
TABLE 58 ASIA PACIFIC LASER THERAPY MARKET FOR SURGERY, BY TYPE, 2014 TO 2023 (USD MILLION) 70
TABLE 59 JAPAN LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 71
TABLE 60 JAPAN LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 71
TABLE 61 JAPAN LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 72
TABLE 62 CHINA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 72
TABLE 63 CHINA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 73
TABLE 64 CHINA LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 73
TABLE 65 INDIA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 74
TABLE 66 INDIA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 74
TABLE 67 INDIA LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 75
TABLE 68 REPUBLIC OF KOREA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 75
TABLE 69 REPUBLIC OF KOREA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 76
TABLE 70 REPUBLIC OF KOREA LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 76
TABLE 71 AUSTRALIA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 77
TABLE 72 AUSTRALIA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 77
TABLE 73 AUSTRALIA LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 78
TABLE 74 REST OF ASIA PACIFIC LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 78
TABLE 75 REST OF ASIA PACIFICLASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 79
TABLE 76 REST OF ASIA PACIFICLASER THERAPY MARKET FOR SURGERY, BY TYPE, 2014 TO 2023 (USD MILLION) 79
TABLE 77 MIDDLE EAST & AFRICA LASER THERAPY MARKET BY COUNTRY 2014 – 2023 (USD MILLION) 80
TABLE 78 MIDDLE EAST & AFRICA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 81
TABLE 79 MIDDLE EAST & AFRICA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 82
TABLE 80 MIDDLE EAST & AFRICA LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 82
TABLE 81 MIDDLE EAST LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 83
TABLE 82 MIDDLE EAST LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 83
TABLE 83 MIDDLE EAST LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 84
TABLE 84 AFRICA LASER THERAPY MARKET BY TYPE 2014 TO 2023 (USD MILLION) 84
TABLE 85 AFRICA LASER THERAPY MARKET BY APPLICATION 2014 TO 2023 (USD MILLION) 85
TABLE 86 AFRICA LASER THERAPY MARKET FOR SURGERY, BY TYPE 2014 TO 2023 (USD MILLION) 85

FIGURE 1 GLOBAL LASER THERAPY MARKET BY APPLICATION, 2016 (%) 12
FIGURE 2 GLOBAL LASER THERAPY MARKET BY APPLICATION, 2016 (%) 12
FIGURE 3 GLOBAL LASER THERAPY: MARKET STRUCTURE 14
FIGURE 4 RESEARCH METHODOLOGY 15
FIGURE 5 PORTERS FIVE FORCES MODEL: GLOBAL LASER THERAPY MARKET 25
FIGURE 6 VALUE CHAIN: GLOBAL LASER THERAPY MARKET 27
FIGURE 7 GLOBAL LASER THERAPY MARKET, BY TYPE, 2016 & 2023 (USD MILLION) 33
FIGURE 8 GLOBAL LASER THERAPY MARKET, BY APPLICATION, 2016 & 2023 (USD MILLION) 38
FIGURE 9 GLOBAL LASER THERAPY MARKET, BY REGION, 2016 & 2023 (USD MILLION) 43
FIGURE 10 AMERICAS LASER THERAPY MARKET, BY REGION, 2016 (%) 46
FIGURE 11 EUROPE LASER THERAPY MARKET BY REGION, 2016 (%) 54
FIGURE 12 ASIA PACIFIC LASER THERAPY MARKET BY COUNTRY, 2016 (%) 69
FIGURE 13 MIDDLE EAST & AFRICA LASER THERAPY MARKET BY COUNTRY, 2016 (%) 81
FIGURE 14 GLOBAL LASER THERAPY MARKET COMPANY SHARE 2016 (%) 86