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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Laser Therapy Market – By Type
1.3.2 Asia-Pacific Laser Therapy Market – By Application
1.3.3 Asia-Pacific Laser Therapy Market – By End User
1.3.4 Asia-Pacific Laser Therapy Market – By Country
2. Asia-Pacific Laser Therapy Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Laser Therapy Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Laser Therapy Market - Asia-Pacific PEST Analysis
4.3 Expert Opinion
5. Asia-Pacific Laser Therapy Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Medical Applications of Laser Therapy
5.1.2 Technological Developments in Laser Therapies
5.2 Key Market Restraints
5.2.1 High Prices of the Laser Therapy and Devices
5.3 Market Opportunities
5.3.1 Continuous Development in the Field of Laser Therapies
5.4 Future Trends
5.4.1 Patient Preference Toward LLLT
5.5 Impact analysis
6. Laser Therapy Market – Asia-Pacific Analysis
6.1 Asia-Pacific Laser Therapy Market Revenue Forecasts and Analysis
7. Asia-Pacific Laser Therapy Market Analysis And Forecasts To 2027 – By Type
7.1 Overview
7.2 Asia-Pacific Laser Therapy market, By Type 2019 & 2027 (%)
7.2.1 Asia-Pacific Laser Therapy Market Revenue and Forecasts to 2027, By Type (US$ Mn)
7.3 Solid
7.3.1 Overview
7.3.2 Asia-Pacific Solid Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Liquid
7.4.1 Overview
7.4.2 Asia-Pacific Liquid Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Gas
7.5.1 Overview
7.5.2 Asia-Pacific Gas Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Diode
7.6.1 Overview
7.6.2 Asia-Pacific Diode Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia-Pacific Laser Therapy Market Analysis – ByApplication
8.1 Overview
8.2 Asia-Pacific Laser Therapy Market, By Application 2019-2027 (%)
8.2.1 Asia-Pacific Laser Therapy Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 Dermatology and Aesthetics
8.3.1 Overview
8.3.2 Asia-Pacific Dermatology and Aesthetics Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Dental
8.4.1 Overview
8.4.2 Asia-Pacific Dental Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Ophthalmology
8.5.1 Overview
8.5.2 Asia-Pacific Ophthalmology Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Urology
8.6.1 Overview
8.6.2 Asia-Pacific Urology Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Cardiovascular
8.7.1 Overview
8.7.2 Asia-Pacific CardiovascularMarket Revenue and Forecasts to 2027 (US$ Mn)
8.8 Oncology
8.8.1 Overview
8.8.2 Asia-Pacific OncologyMarket Revenue and Forecasts to 2027 (US$ Mn)
8.9 Other Applications
8.9.1 Overview
8.9.2 Asia-Pacific Other Applications Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia-Pacific Laser Therapy Market Analysis – By End User
9.1 Overview
9.2 Asia-Pacific Laser Therapy Market, By End User 2019-2027 (%)
9.2.1 Asia-Pacific Laser Therapy Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.3 Hospitals
9.3.1 Overview
9.3.2 Asia-PacificHospitals CompaniesMarket Revenue and Forecasts to 2027 (US$ Mn)
9.4 Specialized Clinics
9.4.1 Overview
9.4.2 Asia-PacificSpecialized ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
9.5 Ambulatory Clinics
9.5.1 Overview
9.5.2 Asia-PacificAmbulatory ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Laser Therapy Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 Asia Pacific: Laser Therapy Market
10.1.1 Overview
10.1.2 Asia Pacific: Laser Therapy Market - Revenue and Forecast to 2027 (USD Million)
10.1.3 Asia Pacific: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.4 Asia Pacific: Laser Therapy Market, by Application, 2018–2027 (USD Million)
10.1.5 Asia Pacific: Laser Therapy Market, by End User, 2018–2027 (USD Million)
10.1.6 Asia Pacific: Laser Therapy Market, by Country, 2019 & 2027 (%)
10.1.7 China Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 China: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 China: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.7.3 China: Laser Therapy Market, by Application, 2018–2027 (USD Million)
10.1.7.4 China: Laser Therapy Market, by End User, 2018–2027 (USD Million)
10.1.8 Japan: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Japan: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Japan: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.8.3 Japan: Laser Therapy Market, by Application, 2018–2027 (USD Million)
10.1.8.4 Japan: Laser Therapy Market, by End User, 2018–2027 (USD Million)
10.1.9 India: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 India: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 India: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.9.3 India: Laser Therapy Market, by Application, 2018–2027 (USD Million)
10.1.9.4 India: Laser Therapy Market, by End User, 2018–2027 (USD Million)
10.1.10 South Korea: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.1 South Korea: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.2 South Korea: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.10.3 South Korea: Laser Therapy Market, by Application, 2018–2027 (USD Million)
10.1.10.4 South Korea: Laser Therapy Market, by End User, 2018–2027 (USD Million)
10.1.11 Australia: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.1 Australia: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.2 Australia: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.11.3 Australia: Laser Therapy Market, by Application, 2018–2027 (USD Million)
10.1.11.4 Australia: Laser Therapy Market, by End User, 2018–2027 (USD Million)
11. Impact of COVID-19 Pandemic on Asia-Pacific Laser Therapy Market
11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Baring Private Equity Asia Ltd (Lumenis)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Coherent, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Alma Lasers
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
Source: Press Release, Newsletters, and Company Annual Report
12.4 Boston Scientific Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
Source: Press Release, Newsletters, and Company Annual Report
12.5 BTL
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
Source: Press Release, Newsletters, and Company Annual Report
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia-Pacific Laser Therapy Market Revenue and Forecasts To 2027, By Type(US$ Mn)
Table 2. Asia-Pacific Laser Therapy Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 3. Asia-Pacific Laser Therapy Market Revenue and Forecasts To 2027, By End User (US$ Mn)
Table 4. Asia Pacific Laser Therapy Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. Asia Pacific Laser Therapy Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. Asia Pacific Laser Therapy Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 7. China Laser Therapy Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. China Laser Therapy Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. China Laser Therapy Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 10. Japan Laser Therapy Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Japan Laser Therapy Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Japan Laser Therapy Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 13. India Laser Therapy Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 14. India Laser Therapy Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 15. India Laser Therapy Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 16. South Korea Laser Therapy Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 17. South Korea Laser Therapy Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 18. South Korea Laser Therapy Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 19. Australia Laser Therapy Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 20. Australia Laser Therapy Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 21. Australia Laser Therapy Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Laser Therapy Market Segmentation
Figure 2. Asia-Pacific Laser Therapy Market Overview
Figure 3. Diode Segment Held Largest Share of Laser Therapy Market
Figure 4. India is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Asia-Pacific Laser Therapy Market - Leading Country Markets (US$ Mn)
Figure 6. Laser Therapy Market - Asia-Pacific PEST Analysis
Figure 7. Laser TherapyMarket Impact Analysis Of Driver And Restraints
Figure 8. Asia-Pacific Laser Therapy Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Asia-Pacific Laser Therapy Market, By Type 2019 & 2027 (%)
Figure 10. Asia-Pacific Solid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Asia-Pacific Liquid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Asia-Pacific Gas Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Asia-Pacific Diode Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia-Pacific Laser Therapy Market, by Application2019 & 2027 (%)
Figure 15. Asia-Pacific Dermatology and Aesthetics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia-Pacific Dental Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Asia-Pacific Ophthalmology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Asia-PacificUrologyMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Asia-PacificCardiovascularMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia-PacificOncology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Asia-PacificOther ApplicationsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Asia-Pacific Laser Therapy Market, by End User 2019 & 2027 (%)
Figure 23. Asia-PacificHospitalsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Asia-PacificSpecialized ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Asia-PacificAmbulatory ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Asia Pacific: Laser Therapy Market, by Key Country – Revenue (2019) (USD Million)
Figure 28. Asia Pacific Laser Therapy Testing Market Revenue and Forecast to 2027 (USD Million)
Figure 29. China: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Japan: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. India: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. South Korea: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 33. Australia: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
- Baring Private Equity Asia Ltd (Lumenis)
- Coherent, Inc.
- Alma Lasers
- Boston Scientific Corporation
- BTL
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
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