Laser Therapy Devices Market By Product (Solid, Liquid, Gas, Diode), By Application (Dermatology and Aesthetics, Dental, Other Applications), By End User (Specialized Clinics, Hospitals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global laser therapy devices market was valued at $2,386.29 million in 2021, and is projected to reach $5,704.01 million by 2031, registering a CAGR of 8.9% from 2022 to 2031.
Laser therapy devices are the devices that are used to treat or remove tissue by using precisely focused laser beam. They are used for various applications, which include ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular, and others. Furthermore, these devices 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 procedures in such surgical procedures drives the growth of the laser therapy devices market.
Furthermore, rise in incidence of eye disorders due to upsurge in aged population, increase in number of patients using advanced laser-therapy devices globally, and surge in importance of aesthetics are the factors that drive the market growth. In addition, rise in technological advancement in laser therapy devices and increase in adoption for laser therapy devices for aesthetic and dermatological procedures across the world further boost the growth of market. However, stringent safety regulations and high rate of failure of laser-based surgical procedures hamper the market growth. Increase in disposable income and growth in demand for laser therapy devices in the emerging countries are expected to offer lucrative opportunities for the market growth.
The global laser therapy devices market is segmented on the basis of type, application, end user, 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 region, 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 in adoption of laser therapy devices, growth in R&D 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 surge in adoption of laser therapy devices procedures in this region.
The report provides a comprehensive analysis of the key players operating in the global laser therapy devices market, 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.
Key Market Segments
By Product
Solid
Liquid
Gas
Diode
By Application
Dermatology and Aesthetics
Dental
Other Applications
By End User
Specialized Clinics
Hospitals
Type
Private
Public
Others
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
Key Market Players
Alma Lasers
Coherent, Inc.
Biolitec Group
Biolase, Inc.
IPG Photonics Corporation
Boston Scientific Corporation
BTL
meditech international inc.
Baring Private Equity Asia Ltd (Lumenis)
Cutera
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