Laser Therapy Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2020 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Laser Therapy market growth.
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Companies Profiled in this report includes:
- Alma Lasers
- Coherent, Inc.
- biolitec Group
- BIOLASE, Inc.
- IPG Photonics Corporation
- Boston Scientific Corporation
- Meditech International Inc. (BIOFLEX Laser Therapy)
- Baring Private Equity Asia Ltd (Lumenis)
Growing Product Launches
Various medical device manufacturers and start-ups are introducing latest technologies in the Laser Therapy market. The availability of various advanced products in the market allows medical professionals to improve patients’ health by enhancing their treatment efficiency. For instance, in February 2020, IRIDEX Corporation, a manufacturer of ophthalmic laser-based medical products, launched an upgraded second-generation version of MicroPulse P3 Device to treat glaucoma, and the upgrades made to the device is expected to substantially reduce intraocular pressure suitable for glaucoma patients without incisions.
Similarly, in January 2019, Gaksung Company Ltd, a South Korean company, launched its product Champ Beam in the Indian market. The laser beams penetrate deep inside the body and help in improving the life cycle of cells by regulating blood flow and removing toxins from the blood vessels. In addition, the rising trend of fitness and beauty has increased the demand for beauty devices. Therefore, technological advancements have encouraged several companies to innovate devices that promote healthy skin. For instance, Belle51, a Los Angeles-based company, launched its laser-based device—Solèy—in June 2019. The device is designed for home care and can be easily used to remove dark spots, melasma, unwanted moles, stretch marks, and acne scars. The device is available for sales in the US and is distributed globally. Such products launches are expected to continue to drive the market growth during the forecast period.
Type-Based Market Insights
The diode laser segment held the largest share of the laser therapy market, based on type, in 2019, and it is expected to register the highest CAGR during the forecast period. This expected lucrative growth of the market for laser diodes is attributed to rapid adoption of these devices in photodynamic treatments and aesthetic procedures. Additionally, the diode laser devices are effectively used for treating conditions such as incision, hemostasis, and coagulation. Moreover, the use of this type of laser devices involves minimal swelling, scarring, and postsurgical pain.
Application-Based Market Insights
The global laser therapy market, based on application was segmented into dermatology and aesthetics, dental, ophthalmology, urology, cardiovascular, oncology, and other applications. The dermatology and aesthetics segment held the highest share of the laser therapy market in 2019, by application. However, the market for the ophthalmology segment is anticipated to witness a significant CAGR during the forecast period.
End User-Based Market Insights
The global laser therapy Market, based on end user,is segmented into hospitals and specialized clinics, ambulatory surgical centers, and others. In 2019, the specialized clinics segment held the largest share of the market, and it is also expected to register the highest CAGR during 2020–2027.
Product approvals, product launches,expansions, and acquisitions are the mostcommonly adopted strategiesby companies to expand their footprints worldwide and meet the growing demand by broadening their product portfolios. For instance, in January 2020, Alma Lasers launched DermaClear 3-in-1 Skin Hydradermabrasion Platform. The system is used for deep cleansing, nourishment, and hydration of facial skin. It is available in three variants such as DermaClear EXFO, DermaClear CLEANSE, and DermaClear HYDRATE.
Global Laser Therapy Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Laser Therapy market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2020 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Laser Therapy Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2020 to 2027.
Global Laser Therapy Market – ByType
Global Laser Therapy Market – By Application
- Dermatology and Aesthetics
- Other Applications
Global Laser Therapy Market – By End User
- Specialized Clinics
- Ambulatory Clinics
Laser Therapy Market– By Geography
- North America
- Asia Pacific
- South Korea
- Middle East and Africa
- South Africa
- Saudi Arabia
- South and Central America
Major Key Points of Laser Therapy Market
- Laser Therapy Market Overview
- Laser Therapy Market Competition
- Laser Therapy Market, Revenue and Price Trend
- Laser Therapy Market Analysis by Application
- Company Profiles and Key Figures in Laser Therapy Market
- Market Dynamics
- Methodology and Data Source
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