Asia Pacific Laser Therapy Market Key Players and Forecast by 2027

The Asia-Pacifican laser therapy market is expected to reach US$ 768.52 million in 2027 from US$ 348.67 million in 2019. The market is estimated to grow with a CAGR of 10.5% from 2020-2027.

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 laser therapy market growth.

Laser therapy is a non-invasive medical procedure, which uses light of a specific wavelength in order to treat various diseases. This procedure is used to remove tumors or abnormal growth, hair treatment, removal of kidney stones, and repair of a detached retina among others. Laser therapy is considered as an advanced aspect of medical therapeutics. In medicine, laser allows surgeons to work at high precision level by focusing on definite area. This process creates less damage as compared to the traditional methods of surgery. The process of laser therapy is however costly and may require repetitive visits to the surgeon.

Laser therapy is widely used in relieving pain and performing several surgeries, as well as in repairingretina or tissue. The laser therapy utilizes a strong light beam to cut, remove, or treat the affected tissue or organ. The wide adoption of this therapy in the medical field is due to its limited health risks as that of surgical procedures. The laser therapy is also considered among the minimally invasive treatments and has broad applications in oncology, ophthalmology, aesthetics, dental, cardiovascular, and pain management, among others. In oncology, laser therapy is used along with other treatments such as surgery, chemotherapy, or other radiation therapies. Cancers, such as vaginal cancer, vulvar cancer, basal cell skin cancer, cervical cancer, and penile cancer, can be treated with laser therapy. In addition, technological advancements have enabled the painless sealing of nerves using laser therapy after surgery. It is also used to prevent blood loss by sealing the injured site. In addition, laser therapy is widely accepted for aesthetic applications such as removal of hair, tattoo, moles, birthmarks, warts, and sunspots. Furthermore, primary cosmetic treatments for veins, skin resurfacing, and hair removal using laser therapy have significantly increased. Thus, these broad medical applications and wide adoption of laser therapy propel the demand for laser-based devices.

Research institutes and medical device companies are engaged in collaborative work to address the COVID-19 outbreak. This has eventually shifted their focus from development of new laser therapy to development of respiratory devices and supplies for the management of COVID-19. Moreover, diversion of resources from laser therapy development to COVID-19 treatment is likely to hamper overall productivity during the forecast period. Furthermore, medical suppliers and procurement are also badly affected by the outbreak of COVID-19 in Asia-Pacific.

India Laser Therapy Market Revenue and Forecasts to 2027 (US$ Million)

ASIA-PACIFIC NEUROLOGICAL BIOMARKERS MARKET SEGMENTATION

By Type

• Solid
• Liquid
• Gas
• Diode

By Application

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

By End User

• Specialized Clinics
• Hospitals
• Ambulatory Clinics
• Others

By Country

• Germany
• UK
• France
• Italy
• Spain

Companies Mentioned

• Baring Private Equity Asia Ltd (Lumenis)
• Coherent, Inc.
• Alma Lasers
• Boston Scientific Corporation
• BTL

Asia Pacific Laser Therapy Report Scope