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Laser therapy is a non-invasive medical procedure and considered an advanced feature of medical therapeutics that uses high-intensity light to treat diseases including cancer. In medicine, laser permits surgeons to work at a high precision level by focusing on a definite area. Lasers can be used in two main ways to treat cancer—by shrinking or destroying a tumor with heat and by activating a chemical, known as a photosensitizing agent that kills only the cancer cells, this is called photodynamic therapy. Though lasers can be used alone, they are often used in combination with other cancer treatments, such as chemotherapy or radiation therapy.
COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the laser cancer therapy market.
Top Impacting Factors
Market Trends
New product launches to flourish the market
In June 2020, Accuray Incorporated launched CyberKnife S7 System, the newest illustration in radiation therapy. The system is a robotic, non-invasive radiation therapy device expert in handling cancerous and benign tumors and neurologic disorders in the body. The new CyberKnife technology permits healthcare providers through new abilities to come up with the best possible care for their patient
In January 2019, Lifeline Software Inc. acquired by LAP GmbH Laser Applikationen to increase its offerings and provide future-oriented solutions and services to its customers in radiotherapy globally.
In December 2019, ViewRay, Inc. proclaimed an alliance with Elekta AB to develop MR-linac technology. The association will contribute to advance innovative products in the market
Key Benefits of the Report
Questions answered in the Laser Cancer Therapy Report
Key Market Segments
Key Market Players