Global Laser Acupuncture Pen Market 2023-2030

Global Laser Acupuncture Pen Market 2023-2030

Global Laser Acupuncture Pen Market Size, Share & Trends Analysis Report by Type (Plastic, Metallic and Others), and by Application (Hospitals, Plastic and Others), Forecast Period (2023-2030)

The global laser acupuncture pen market is anticipated to grow at a CAGR of 7.1% during the forecast period (2023-2030). Laser acupuncture has become increasingly attractive in clinical practice, especially for patients with needle phobias well as elderly people and children. However, literature concerning the safety of laser acupuncture has been limited. This systematic review synthesizes the current available literature on the safety of laser acupuncture. Laser acupuncture pens focus low-energy laser beams onto the affected area. According to a study of National Library of Medicine, Laser acupuncture appears to be a safe therapy associated with few mild and transient AEs. However, given the heterogeneity of current studies, large, well-designed placebo-controlled RCTs with rigorous evaluation methods are needed to assess the safety of laser acupuncture more completely.

Segmental Outlook

The global laser acupuncture pen market is segmented on the type and application. Based on the type, the market is sub-segmented into Plastic, Metallic and Others. Based on the application, the market is sub-segmented into Hospitals, clinic and others. Among the type, the plastic sub-segment is anticipated to hold a considerable share of the market owing to its compact design, small and light weight making it a very effective tool to be carried around daily, with a robust design and high-quality diodes to help ensure the long lifetime of the product.

The Clinic Sub-Segment is Anticipated to Hold a Considerable Share of the Global Laser Acupuncture Pen Market

Among the Application, the Clinic sub-segment is expected to hold a considerable share of the global laser acupuncture pen market. The segmental growth is attributed to a rise due to the presence of current ineffectiveness of available treatment options. Growing adoption of alternative complementary treatment options has promoted the need for superior patient outcomes. The increasing cases of pain and injury in both humans and animals, owing to rise in clinical visits and demand for acupuncture therapy.

Regional Outlook

The global laser acupuncture pen market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia pacific is anticipated to hold a prominent share of the market across the globe, owing to the highest animal population and increasing animal disease in the countries like a Sri-Lanka, Pakistan, Bangladesh and India. The North America Region is Expected to Grow at a Significant CAGR in the Global Laser Acupuncture Pen Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to medical developments and technological enhancements. Laser acupuncture may be an alternative treatment modality for TMD because it is non-invasive, results in partial or total relief of pain, and has no side effects. According to the FDA Institutional Review Board (IRB) has granted permission to MedX Health Corp., a global pioneer in the development of drug-free, non-invasive low-level laser and light therapy for tissue repair and pain relief. The company will now investigate the efficacy of laser acupuncture for addiction to nicotine, alcohol, and drugs. This research, which will begin in both Canada and the US, will be an open, multi-center experiment treating patients with addictions to see how well the MedX laser probe works in reducing the desire for these drugs. Addictions to legal substances like cigarettes, alcohol, and medicines like prescription painkillers are most prevalent.

Market Players Outlook

The major companies serving the laser acupuncture pen market include Kaiyan Medical, Koichi Medical Materials, Meihui Medical Equipment Co., Ltd., MKW Laser System GmbH, Pet Laser Supply, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, MKW is now active in china also, the laser shower PowerTwin was recently approved in the Chinese market and the contract with a Chinese trading partner was promptly concluded.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global laser acupuncture pen market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.