Laser Therapy Devices Market Analysis And Forecast To 2031: By Product (Gas Laser Systems, Liquid/Dye Laser Systems, Semiconductor/Diode Laser Systems, Others), By Application (Dermatology, Dentistry, Gynecology, Ophthalmology, Urology, Cardiovascular, On

Laser Therapy Devices Market Analysis And Forecast To 2031: By Product (Gas Laser Systems, Liquid/Dye Laser Systems, Semiconductor/Diode Laser Systems, Others), By Application (Dermatology, Dentistry, Gynecology, Ophthalmology, Urology, Cardiovascular, Oncology, Others), By End-user (Hospitals, Ambulatory Surgical Centers, Specialized Clinics, Others), And Region

The global laser therapy devices market was valued at USD 2.3 Billion in 2021 and it is anticipated to grow up to USD 5.8 Billion by 2031, at a CAGR of 9.7% during the forecast period.

Laser therapy devices are used to treat a variety of conditions and injuries by delivering concentrated light energy to the target area. The light energy from the laser interacts with tissue and creates a biological response that reduces inflammation, pain, and promotes healing. Laser therapy is a non-invasive, pain-free treatment option that is FDA-cleared and clinically proven to be effective.
Global Laser Therapy Devices Market Scope and Report Structure

Market Trends and Drivers
Rising consumer preference for innovative and non-invasive laser based technologies will foster the demand for laser therapies across the globe. Increasing number of geriatric population will further induce inn the demand for this technology as it helps to reduce pain and inflammation in the body. Rising eye disorders too will bolster the laser therapy market growth. Increase in the personal disposable income and increased demand for cosmetic surgeries will further create more lucrative opportunities for growth of laser therapy market.
Market Restraints and Challenges
High costs involved in the installation and maintenance of the technology will dampen the growth of the market. Further, stringent regulations imposed by the government on the acquisition and installation of the technology will slow down the market growth rate. High rate of failure of laser based surgical procedures coupled with the side effects of undergoing a laser therapy will further come as an obstruction in the way of growth of the market.
Global Laser Therapy Devices Market Segmental Overview
The report analyses the global Laser Therapy Devices market based on product, application, end-user, and region.

Global Laser Therapy Devices Market by Product

By product, the market is segmented into gas laser systems, liquid/dye laser systems, semiconductor/diode laser systems, and others. The liquid/dye laser system segment accounted for the largest share of the global revenue in 2021, owing to the wide usage of these products on account of their rapid treatment results. They have proven to be safer for all skin tones & hair colors and facilitate less painful treatment procedures. With technological advancements, these products are expected to dominate the market even during the forecast period. Laser devices are sub-segmented into Nd: YAG, diode, and alexandrite laser systems.

Global Laser Therapy Devices Market by Application

By application, the laser therapy devices market is classified into dermatology, cardiovascular, oncology, and others. The ophthalmology segment is estimated to register considerable expansion through 2031. This is because ophthalmic lasers enable the precise treatment of an array of eye issues with minimal risk of infection. It is noteworthy that a number of laser processes are relatively pain free and can be performed on an outpatient basis. Besides, these provide the advantages of relatively low cost, high accuracy, and safety and essentially destroy the targeted tissue for a beneficial impact on the eye. These aspects are expected to propel the usage of laser therapy for eyes during the forecast period.

Global Laser Therapy Devices Market by End-user

The end-user segment of the market is bifurcated into Hospitals, Ambulatory Surgical Centers, Specialized Clinics, and Others. The hospitals segment is projected to account for a lucrative share in the laser therapy devices market by 2028. This growth is attributed to the availability of innovative and advanced technology-based laser devices in these settings. The product demand is further slated to rise with an increase in hospitalizations for complex procedures such as cancer-related processes and cardiovascular disorders. The availability of favorable reimbursement policies and improving hospital infrastructure are poised to boost the market expansion through the analysis period.
Geographical Analysis of Global Laser Therapy Devices Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America Laser Therapy Devices market revenue is poised to grow significant CAGR during the forthcoming years. This is owing to an increase in the provision of patents in the region. For instance, in July 2021, Aspen Laser LLC, a major medical solutions company, has been awarded a new patent by the USPTO (U.S. Patent and Trademark Office). The patent will cover particular laser devices that will be manufactured by the company and sold in the veterinary and medical markets.
Major Players in the Global Laser Therapy Devices Market
The key players in the Laser Therapy Devices market s Boston Scientific Corporation, IPG Photonics Corporation, Lumenis Ltd., Coherent Inc., Biolitec AG, Hologic Inc., Alma Lasers Ltd., Fotona D.D, Danaher Corporation, and Thermo Fisher Scientific Inc., among others.
COVID-19 Impact
The COVID-19 pandemic has led to an increase in studies that help in assessing the usefulness of laser therapy in the treatment of the disease. For instance, October 2020 witnessed the publication of a second case report which demonstrated positive outcomes for a SARS-CoV-2 patient treated with laser therapy. Published in the Canadian Journal of Respiratory Therapy, the article describes a remarkable reduction in inflammatory markers, Ferratin and IL-6, and marked improvement in radiological findings post supportive treatment with PBMT (Photobiomodulation Therapy). Similar studies are expected to impel the development of advanced laser therapy devices through the coming years.
Recent Developments

In October 2022, Dexcom has begun the global rollout of its G7 continuous glucose monitoring system by making the device available in the U.K., Ireland, Germany, Austria and Hong Kong. The device is designed to be smaller, easier to use and have a better mobile application than its predecessor, while also powering up faster than rival CGM systems. Still the U.S. launch has been delayed, until late 2022.
In August 2022, Teladoc Health, the announced the addition of a home A1C testing program to its Livongo by Teladoc Health chronic care solution, making it easier for members to manage and control their diabetes
In September 2021, Know Labs Inc, a US-based company that manufactures glucose monitoring devices launched a new portable medical-grade glucose monitoring device named KnowU that utilizes Bio-RFID technology. This device is a non-invasive glucose monitoring machine that has a base that powers the device and displays readings and, a battery a powered monitor with Bio-RFID sensors that can be carried by the users to check sugar levels on the go.
In May 2021, Roche collaborated with Eli Lilly and Company, to work towards enhancing the management of insulin pen therapy. With this collaboration, Roche follows its ambition to create an open ecosystem including its own and partner devices, solutions, and services, across the continuum of care in diabetes.




Frequently Asked Questions
Q1. How big is the laser therapy devices market?

Ans. The global laser therapy devices market was valued at USD 2.3 Billion in 2021 and it is anticipated to grow up to USD 5.8 Billion by 2031, at a CAGR of 9.7% during the forecast period.

Q2. What is the laser therapy devices market growth rate?

Ans. The growth rate of the laser therapy devices market is 9.7%

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the laser therapy devices market in 2021.

Q4. Which segment accounted for the largest laser therapy devices market share?

Ans. By end-user, the hospital segment accounted for the largest Laser Therapy Devices market share.

Q5. Who are the key players in the laser therapy devices market?

Ans. The global laser therapy devices market report includes players such s Boston Scientific Corporation, IPG Photonics Corporation, Lumenis Ltd., Coherent Inc., Biolitec AG, Hologic Inc., Alma Lasers Ltd., Fotona D.D, Danaher Corporation, and Thermo Fisher Scientific Inc., among others.

Q6. What are the factors driving the laser therapy devices market growth?

Ans. The major factors driving the growth of the market are growing adoption of cold laser therapy for the stimulation of healing by using low levels of light.

Q7. What are the key growth strategies of laser therapy devices market players?

Ans. The key growth strategies of Self laser therapy devices market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the laser therapy devices market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the laser therapy devices market during the forecast period.

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