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2022

Laser Therapy Devices Market

Laser Therapy Devices Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Application, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Medical Devices & Supplies

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Author's: Vikita Thakur | Roshan Deshmukh
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Laser Therapy Devices Market Research, 2031

The global Laser Therapy Devices Market Size was valued at $2.4 billion in 2021 and is projected to reach $5.7 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031. Laser therapy devices are devices that are used to treat or remove tissue by using a precisely focused laser beam. They are used for various applications, which include ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular, and others. Furthermore, these lasers are used in many surgical procedures such as cosmetic surgery, refractive eye surgery, dental procedures, and general surgery, Therefore, rise in demand for non-invasive procedure in such surgical procedure drive the growth of the laser therapy devices market. Moreover, medical lasers can be used for very precise surgical procedures due to their specific wavelength, which is focused in a narrow beam and creates a very high-intensity light. In addition, lasers have proven useful in all medical specialties to vaporize or coagulate tissue. Lasers can be used for surgery on all parts of the body, however, are used most extensively in eye surgery and cosmetic skin procedures

Laser Therapy Devices Market

The key factor which drives Laser Therapy Devices Market Growth are a rise in the incidence of eye disorders due to an upsurge in the aged population, an increase in the number of patients using advanced laser-therapy devices globally, and a surge in the importance of aesthetics are the factors that drive the market growth.

In addition, the rise in technological advancement in laser therapy devices and the increase in the adoption of laser therapy devices for aesthetic and dermatological procedures across the world further boost the growth of the market. However, stringent safety regulations and the high rate of failure of laser-based surgical procedures hamper the market growth. An increase in disposable income and growth in demand for laser therapy devices in emerging countries are expected to offer lucrative Laser Therapy Devices Market Opportunity for market growth.

The laser therapy devices is segmented on the basis of type, application, end use, and region. By type, the market is classified into solid-, gas, liquid, and diode. By application, the market is categorized into dermatology & aesthetics, dental, and others. By end user, the market is fragmented into hospitals, specialized clinics, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By application segment review

The dermatology and aesthetics segment accounted for the major Laser Therapy Devices Market Share and is expected to remain dominant throughout the forecast period. This segment is expected to grow at a CAGR of 9.4% from 2022 to 2031, owing to high adoption of laser therapy devices for cosmetic procedures globally.

Laser Therapy Devices Market by Application

By product segment review

The diode lasers occupied a major share in Laser Therapy Devices Market Share and is expected to lead the product segment during the forecast period. The diode lasers are estimated to grow at a CAGR of 9.6% during the forecast period. Owing to the increase in the adoption of diode lasers in dental disease. In addition, growth in demand for non-invasive treatments and rise in the number of aesthetic procedures being performed further propels the growth of Laser Therapy Devices Market Size in upcomin years.

Laser Therapy Devices Market by Product

By end-user review

On the basis of end-user, the Laser Therapy Devices Industry is classified into hospitals, specialized clinics and others. The others segment includes beauty salons and at home. The specialty clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to an increase in a number of laser therapy devices procedure.

Laser Therapy Devices Market by End User

By Region Segment Review

North America accounted for a majority of the global laser therapy devices treatment market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to increase adoption of laser therapy devices, growth in research and development activities as well as presence of strong and established market players.in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in awareness among young population regarding aesthetics appearance, growth in health care expenditures, and rise in adoption of laser therapy devices procedure drives the market of growth in this region.

Laser Therapy Devices Market by Region

The report provides a comprehensive analysis of the key players operating in the global Laser Therapy Devices Industry, which include Meditech International (BioFlex Laser). Biolase Inc., Boston Scientific Corporation, Almas Laser, Coherent Inc, Biolitec, Inc, Cutera Inc, BTL Group, Lynton laser and LUMENIS (Baring Private Equity Asia Ltd.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser therapy devices market analysis from 2021 to 2031 to identify the prevailing laser therapy devices market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the laser therapy devices market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global laser therapy devices market trends, key players, market segments, application areas, and market growth strategies.

Laser Therapy Devices Market Report Highlights

Aspects Details
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Market Size By 2031

USD 5.7 billion

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Growth Rate

CAGR of 8.9%

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Forecast period

2021 - 2031

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Report Pages

315

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By Product
  • Solid
  • Liquid
  • Gas
  • Diode
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By Application
  • Dermatology and Aesthetics
  • Dental
  • Other Applications
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By End User
  • Specialized Clinics
  • Hospitals
    • Type
      • Private
      • Public
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest Of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest Of LAMEA)
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Key Market Players

meditech international inc., Baring Private Equity Asia Ltd (Lumenis), Biolase, Inc., Coherent, Inc., Biolitec Group, IPG Photonics Corporation, Cutera, Boston Scientific Corporation, Alma Lasers, BTL

Analyst Review

This section provides various opinions of top-level CXOs in the laser therapy devices industry. In accordance to several interviews conducted, the laser therapy devices market is expected to witness a significant growth in the future. The market has piqued the interest of the healthcare industry owing to an increase in prevalence of various chronic diseases globally that require surgical treatment.

According to the perspectives of CXOs, the medical lasers market is dominated by well-established players; hence there is intense competition in the global market. The high adoption of these devices owing to increase in prevalence of various diseases propels the market growth. In addition, technological advancements are prevalent in the market thus, there are increasing product launches, due to which the market is estimated to grow with a high CAGR. Moreover, the use of laser therapy devices in diverse clinical areas is further expected to boost the growth of the market. As per CXOs, North America will lead the global laser therapy devices market during the forecast period owing to the higher number of product approvals and product launches, followed by Europe.

Author Name(s) : Vikita Thakur | Roshan Deshmukh
Frequently Asked Questions?

The upcoming trends areincrease in number of laser therapy procedures, rise in demand for laser therapy treatment by female population, and surge in number of key players manufacturing advance devices for laser therapy devices procedure. Moreover, technological advancement in the field of non-invasive aesthetic procedure is anticipated to propel the market growth.

The total market value of Laser Therapy devices Market is $ 2,386.29 million in 2021

North America is the largest regional market for Laser Therapy Devices

The market value of Laser Therapy devices in 2031 was 5,704.01 Million

Meditech International (BioFlex Laser). Biolase Inc., Boston Scientific Corporation are the top companies to hold the market share in Laser Therapy Devices

The base year for the report is 2021

The forecast period in the report is from 2022 to 2031

No, there is no value chain analysis provided in the Laser Therapy devices Market report

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Laser Therapy Devices Market

Global Opportunity Analysis and Industry Forecast, 2021-2031