Laser Therapy Market is expected to reach US$ 3,514.02 million in 2027

Diode Type to Dominate Laser Therapy Market during2020-2027

According to our new research study of "Laser Therapy Market to 2027 - COVID-19 Impact & Global Analysis and Forecast by Type (Solid, Liquid, Gas, and Diode); Application (Dermatology and Aesthetics, Dental, Ophthalmology, Urology, Cardiovascular, Oncology, and Other Applications); End User (Specialized Clinics, Hospitals, Ambulatory Clinics, and Others), and Geography, "the market is expected to reach US$ 3,514.02 million by 2027 from US$ 1,665.65 million in 2019. The market is estimated to grow at a CAGR of 9.9% from 2020 to 2027. The report highlights trends prevailing in the global laser therapy market, with the factors driving the market growth and those hampering the same.

In 2019, the diode segment held the largest share of the market, based on type, and the market for the same is expected to grow at the fastest CAGR during the forecast period. The projected growth of this segment attributed to the rapid adoption of laser diode devices in photodynamic treatments and aesthetic procedures. Additionally, the laser diodes are being used in the treatment of conditions such as incision, hemostasis, and coagulation. Moreover, the use of laser diodes involves minimal swelling, scarring, and postsurgical pain, which is the major factor propelling the demand for these products.

In 2016, the advancements in laser technology promoted the use of infrared spectroscopy that uses IR lasers to treat cancer. IR lasers can be used to detect the benign marks and melanomas in an early stage, which assists in providing effective treatment for the patients. Researchers at the University of Arkansas for Medical Sciences, US, have developed a new laser diagnostics tool named Cytophone. It is a noninvasive instrument that uses lasers and sound waves to identify and destroy melanoma cells circulating in blood. This study was published in Science Translational Medicine Journal in June 2019. Further, according to the study, once commercialized, the new cancer diagnosis tool would be way more accurate than diagnosing tools that are currently in use. Thus, the continuous developments in laser technology are likely to serve wider growth opportunities for the market during the forecast period.

Alma Lasers, Coherent, Inc., biolitec Group, BIOLASE, Inc., IPG Photonics Corporation, Boston Scientific Corporation, BTL, Meditech International Inc. (BIOFLEX Laser Therapy), Baring Private Equity Asia Ltd (Lumenis), and Cutera are a few of the major players present in the laser therapy market.

Global Laser Therapy Market, By Region, 2019 (%)

The report analyzes laser therapy market on the basis of following segments:

• Solid
• Liquid
• Gas
• Diode

• Dermatology and Aesthetics
• Dental
• Ophthalmology
• Urology
• Cardiovascular
• Oncology
• Other Applications

• Specialized Clinics
• Hospitals
• Ambulatory Clinics
• Others

• North America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa (MEA)
• South and Central America (SCAM)

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