Report : Asia Pacific Laser Therapy Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Solid, Liquid, Gas, and Diode); Application (Dermatology and Aesthetics, Dental, Ophthalmology, Urology, Cardiovascular, Oncology, Other Applications); End User (Specialized Clinics, Hospitals, Ambulatory Clinics, Others), and Geography
Patient Preference toward LLLT to be a Prevalent Trend in the Laser Therapy Market
According to The Insight Partners market research study of "Asia-Pacific Laser Therapy Market to 2027 – Regional Analysis and Forecasts by Type, Application, and End User," the Asia-Pacific laser therapy market is expected to reach US$ 768.52 Mn in 2027 from US$ 348.67 Mn in 2019. The market is estimated to grow with a CAGR of 10.5% from 2020-2027. The report provides trends prevailing in the Asia-Pacific laser therapy market and the factors driving market along with those that act as hindrances.
The adoption of laser therapy in the medical field started in the 1960s, and it was initially used for retinal detachment surgery. Moreover, various developments in laser technology have resulted in its wide adoption in several medical applications. The current trend of using LLLT for pain management in conditions such as rheumatoid arthritis and other chronic pain conditions is growing at a faster pace. The potential of LLLT to treat a wide range of health conditions is expected to continue its acceptance into mainstream medicine. Furthermore, it is anticipated that the growing awareness regarding laser therapy and its fewer health risks are likely to propel the adoption rate in the developing regions and subsequently serve wider opportunities for the growth of the laser therapy market.
The market is expected to witness a substantial growth due to driving factors such as growing medical applications of laser therapy and technological developments in laser therapies. However, the high prices of the laser therapy and devices are expected to hinder the market growth.
Baring Private Equity Asia Ltd (Lumenis), Coherent, Inc., Alma Lasers, Boston Scientific Corporation, and BTL are some of the leading companies operating in the Asia-Pacific laser therapy market.
The report segments Asia-Pacific Laser Therapy Market as follows:
Asia-Pacific Laser Therapy Market– By Application
Asia-Pacific Laser Therapy Market – By End User
Asia-Pacific Laser Therapy Market– By Geography