Laser Therapy Market to Grow at a CAGR of 9.9% to reach US$ 3,514.02 million from 2020 to 2027

Laser Therapy Market Forecast to 2027 - Covid-19 Impact and Global Analysis 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

  • Report Code : TIPHE100001171
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 180
Buy Now

The laser therapy market is expected to reach US$ 3,514.02 million by 2027 from US$ 1,665.65 million in 2019; it is estimated to grow at a CAGR of 9.9% from 2020 to 2027.

Laser therapy is a noninvasive medical procedure that uses light of a specific wavelength to remove tumors or abnormal growth, treat hair conditions, remove kidney stones, and repair 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 involves less damage to the target compared with the traditional methods of surgery. The process of laser therapy is however costly and may require repetitive visits to surgeons.

Lucrative Regions for Laser Therapy Market



Lucrative Regions for Laser Therapy Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Growing Product Launches

Various medical device manufacturers and start-ups are introducing latest technologies in the Laser Therapy market. The availability of various advanced products in the market allows medical professionals to improve patients’ health by enhancing their treatment efficiency. For instance, in February 2020, IRIDEX Corporation, a manufacturer of ophthalmic laser-based medical products, launched an upgraded second-generation version of MicroPulse P3 Device to treat glaucoma, and the upgrades made to the device is expected to substantially reduce intraocular pressure suitable for glaucoma patients without incisions.

Similarly, in January 2019, Gaksung Company Ltd, a South Korean company, launched its product Champ Beam in the Indian market. The laser beams penetrate deep inside the body and help in improving the life cycle of cells by regulating blood flow and removing toxins from the blood vessels. In addition, the rising trend of fitness and beauty has increased the demand for beauty devices. Therefore, technological advancements have encouraged several companies to innovate devices that promote healthy skin. For instance, Belle51, a Los Angeles-based company, launched its laser-based device—Solèy—in June 2019. The device is designed for home care and can be easily used to remove dark spots, melasma, unwanted moles, stretch marks, and acne scars. The device is available for sales in the US and is distributed globally. Such products launches are expected to continue to drive the market growth during the forecast period.

Type-Based Market Insights

The diode laser segment held the largest share of the laser therapy market, based on type, in 2019, and it is expected to register the highest CAGR during the forecast period. This expected lucrative growth of the market for laser diodes is attributed to rapid adoption of these devices in photodynamic treatments and aesthetic procedures. Additionally, the diode laser devices are effectively used for treating conditions such as incision, hemostasis, and coagulation. Moreover, the use of this type of laser devices involves minimal swelling, scarring, and postsurgical pain.

Global Laser Therapy Market, by Type– 2019 and2027

Global Laser Therapy Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Application-Based Market Insights

The global laser therapy market, based on application was segmented into dermatology and aesthetics, dental, ophthalmology, urology, cardiovascular, oncology, and other applications. The dermatology and aesthetics segment held the highest share of the laser therapy market in 2019, by application. However, the market for the ophthalmology segment is anticipated to witness a significant CAGR during the forecast period.

End User-Based Market Insights

The global laser therapy Market, based on end user,is segmented into hospitals and specialized clinics, ambulatory surgical centers, and others. In 2019, the specialized clinics segment held the largest share of the market, and it is also expected to register the highest CAGR during 2020–2027.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Laser Therapy Market: Strategic Insights

Laser Therapy Market

  • CAGR (2019 - 2027)
    9.9%
  • Market Size 2019
    US$ 1.67 Billion
  • Market Size 2027
    US$ 3.51 Billion

Market Dynamics

GROWTH DRIVERS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
FUTURE TRENDS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
OPPORTUNITIES
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX

Key Players

  • 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)

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Solid
  • Liquid
  • Gas
  • Diode
Application
  • Dermatology and Aesthetics
  • Dental
  • Ophthalmology
  • Urology
  • Cardiovascular
  • Oncology
  • Other Applications
End User
  • Specialized Clinics
  • Hospitals
  • Ambulatory Clinics
  • Others
Geography
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Product approvals, product launches,expansions, and acquisitions are the mostcommonly adopted strategiesby companies to expand their footprints worldwide and meet the growing demand by broadening their product portfolios. For instance, in January 2020, Alma Lasers launched DermaClear 3-in-1 Skin Hydradermabrasion Platform. The system is used for deep cleansing, nourishment, and hydration of facial skin. It is available in three variants such as DermaClear EXFO, DermaClear CLEANSE, and DermaClear HYDRATE.

Global Laser Therapy Market – ByType

  • Solid
  • Liquid
  • Gas
  • Diode


Global Laser Therapy Market – By Application

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


Global Laser Therapy Market – By End User

  • Specialized Clinics
  • Hospitals
  • Ambulatory Clinics
  • Others


Laser Therapy Market– By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
  • Asia Pacific

    • China
    • India
    • South Korea
    • Japan
    • Australia
  • Middle East and Africa

    • South Africa
    • Saudi Arabia
    • UAE
  • South and Central America

    • Brazil
    • Argentina

Company Profiles

  • 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)
  • Cutera

Laser Therapy Market Report Scope

Report Attribute Details
Market size in 2019 US$ 1.67 Billion
Market Size by 2027 US$ 3.51 Billion
Global CAGR (2019 - 2027) 9.9%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered 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
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • 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)
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type ; Application ; End User , and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

    The List of Companies – Global Laser Therapy Market

    1. Alma Lasers
    2. Coherent, Inc.
    3. biolitec Group
    4. BIOLASE, Inc.
    5. IPG Photonics Corporation
    6. Boston Scientific Corporation
    7. BTL
    8. Meditech International Inc. (BIOFLEX Laser Therapy)
    9. Baring Private Equity Asia Ltd (Lumenis)
    10. Cutera

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Trends and growth analysis reports related to Laser Therapy Market