The European laser therapy market is expected to reach US$ 1,067.56 million in 2027 from US$ 523.92 million in 2019. The market is estimated to grow with a CAGR of 9.4% from 2020-2027.
The market is expected to witness a substantial growth due to driving factors such as rising medical applications of laser therapy and launch of new products in the market. However, the high costs associated with the laser therapy and devices are expected to hinder the 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.
Various medical device manufacturers and start-ups are introducing latest technologies in the 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.
Furthermore, in June 2020, Cynosure launched Elite iQ Aesthetic Workstation For Laser Hair Removal and Skin Revitalization in Europe that allows faster treatment with higher max energy compared to previous generation devices. Moreover, in March 2018, Dornier MedTech (Dornier), a global leader in stone management and maker of Europe’s best-selling holmium laser brand introduced the new Dornier Medilas H Solvo 35. The innovative 35-watt laser features the patented Advanced Mode for reduced retropulsion, a unique pulse shape for decreasing stone movement during lithotripsy. Thus, the rising number of new product launches is likely to augment the growth of the laser therapy market in Europe over the coming years.
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 Europe.
UK Laser Therapy Market Revenue and Forecasts to 2027 (US$ Million)
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EUROPE 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
- biolitec Group
- BTL
- Meditech International, Inc. (BIOFLEX Laser Therapy)
- Boston Scientific Corporation
- Baring Private Equity Asia Ltd (Lumenis)
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
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Laser Therapy Market – By Type
1.3.2 Europe Laser Therapy Market – By Application
1.3.3 Europe Laser Therapy Market – By End User
1.3.4 Europe Laser Therapy Market – By Country
2. Europe Laser Therapy Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Laser Therapy Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Laser Therapy Market - Europe PEST Analysis
4.3 Expert Opinion
5. Europe Laser Therapy Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Medical Applications of Laser Therapy
5.1.2 Launch of New Products in the Market
5.2 Key Market Restraints
5.2.1 High Costs Associated with the Laser Therapy and Devices
5.3 Market Opportunities
5.3.1 Consistent Development in Laser Therapies
5.4 Future Trends
5.4.1 Patient Preference Toward LLT
5.5 Impact analysis
6. Laser Therapy Market – Europe Analysis
6.1 Europe Laser Therapy Market Revenue Forecasts and Analysis
7. Europe Laser Therapy Market Analysis And Forecasts To 2027 – By Type
7.1 Overview
7.2 Europe Laser Therapy market, By Type 2019 & 2027 (%)
7.2.1 Europe Laser Therapy Market Revenue and Forecasts to 2027, By Type (US$ Mn)
7.3 Solid
7.3.1 Overview
7.3.2 EuropeSolidMarket Revenue and Forecast to 2027 (US$ Mn)
7.4 Liquid
7.4.1 Overview
7.4.2 EuropeLiquidMarket Revenue and Forecasts to 2027 (US$ Mn)
7.5 Gas
7.5.1 Overview
7.5.2 EuropeGasMarket Revenue and Forecasts to 2027 (US$ Mn)
7.6 Diode
7.6.1 Overview
7.6.2 EuropeDiodeMarket Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Laser Therapy Market Analysis – ByApplication
8.1 Overview
8.2 Europe Laser Therapy Market, By Application 2019-2027 (%)
8.2.1 Europe Laser Therapy Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 Dermatology and Aesthetics
8.3.1 Overview
8.3.2 EuropeDermatology and AestheticsMarket Revenue and Forecasts to 2027 (US$ Mn)
8.4 Dental
8.4.1 Overview
8.4.2 EuropeDentalMarket Revenue and Forecasts to 2027 (US$ Mn)
8.5 Ophthalmology
8.5.1 Overview
8.5.2 EuropeOphthalmologyMarket Revenue and Forecasts to 2027 (US$ Mn)
8.6 Urology
8.6.1 Overview
8.6.2 EuropeUrologyMarket Revenue and Forecasts to 2027 (US$ Mn)
8.7 Cardiovascular
8.7.1 Overview
8.7.2 EuropeCardiovascularMarket Revenue and Forecasts to 2027 (US$ Mn)
8.8 Oncology
8.8.1 Overview
8.8.2 EuropeOncologyMarket Revenue and Forecasts to 2027 (US$ Mn)
8.9 Other Applications
8.9.1 Overview
8.9.2 EuropeOther Applications Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Laser Therapy Market Analysis – By End User
9.1 Overview
9.2 Europe Laser Therapy Market, By End User 2019-2027 (%)
9.2.1 Europe Laser Therapy Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.3 Hospitals
9.3.1 Overview
9.3.2 EuropeHospitals CompaniesMarket Revenue and Forecasts to 2027 (US$ Mn)
9.4 Specialized Clinics
9.4.1 Overview
9.4.2 EuropeSpecialized ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
9.5 Ambulatory Clinics
9.5.1 Overview
9.5.2 EuropeAmbulatory ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Laser Therapy Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 Europe: Laser Therapy Market
10.1.1 Overview
10.1.2 Europe: Laser Therapy Market - Revenue and Forecast to 2027 (USD Million)
10.1.3 Europe: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.4 Europe: Laser Therapy Market, by Application, 2018–2027 (Million Units)
10.1.5 Europe: Laser Therapy, Market, by End User, 2018–2027 (USD Million)
10.1.6 Europe: Laser Therapy Market, by Country, 2019 & 2027 (%)
10.1.7 Germany: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Germany: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Germany: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.7.3 Germany: Laser Therapy Market, by Application, 2018–2027 (Million Units)
10.1.7.4 Germany: Laser Therapy, Market, by End User, 2018–2027 (USD Million)
10.1.8 UK: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 UK: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 UK: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.8.3 UK: Laser Therapy Market, by Application, 2018–2027 (Million Units)
10.1.8.4 UK: Laser Therapy, Market, by End User, 2018–2027 (USD Million)
10.1.9 France: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 France: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 France: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.9.3 France: Laser Therapy Market, by Application, 2018–2027 (Million Units)
10.1.9.4 France: Laser Therapy, Market, by End User, 2018–2027 (USD Million)
10.1.10 Spain: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.1 Spain: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.2 Spain: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.10.3 Spain: Laser Therapy Market, by Application, 2018–2027 (Million Units)
10.1.10.4 Spain: Laser Therapy, Market, by End User, 2018–2027 (USD Million)
10.1.11 Italy: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.1 Italy: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.2 Italy: Laser Therapy Market, by Type, 2018–2027 (USD Million)
10.1.11.3 Italy: Laser Therapy Market, by Application, 2018–2027 (Million Units)
10.1.11.4 Italy: Laser Therapy, Market, by End User, 2018–2027 (USD Million)
11. Impact of COVID-19 Pandemic on Europe Laser Therapy Market
11.1 Europe: Impact Assessment Of COVID-19 Pandemic
12. Company Profiles
12.1 biolitec Group
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 BTL
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 Meditech International Inc. (BIOFLEX Laser Therapy)
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
Source: Press Release, Newsletters, and Company Annual Report
12.5 Baring Private Equity Asia Ltd (Lumenis)
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
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Laser Therapy Market Revenue and Forecasts To 2027, By Type(US$ Mn)
Table 2. Europe Laser Therapy Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 3. Europe Laser Therapy Market Revenue and Forecasts To 2027, By End User (US$ Mn)
Table 4. Europe Laser Therapy Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 5. Europe Laser Therapy Market, by Application– Volume and Forecast to 2027 (Million Units)
Table 6. Europe Laser Therapy Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 7. Germany Laser Therapy Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 8. Germany Laser Therapy Market, by Application– Volume and Forecast to 2027 (Million Units)
Table 9. Germany Laser Therapy Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. UK Laser Therapy Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 11. UK Laser Therapy Market, by Application– Volume and Forecast to 2027 (Million Units)
Table 12. UK Laser Therapy Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. France Laser Therapy Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 14. France Laser Therapy Market, by Application– Volume and Forecast to 2027 (Million Units)
Table 15. France Laser Therapy Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 16. Spain Laser Therapy Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 17. Spain Laser Therapy Market, by Application– Volume and Forecast to 2027 (Million Units)
Table 18. Spain Laser Therapy Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 19. Italy Laser Therapy Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 20. Italy Laser Therapy Market, by Application– Volume and Forecast to 2027 (Million Units)
Table 21. Italy 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. Europe Laser Therapy Market Overview
Figure 3. Diode Segment Held Largest Share of Laser Therapy Market
Figure 4. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Europe Laser Therapy Market - Leading Country Markets (US$ Mn)
Figure 6. Laser Therapy Market - Europe PEST Analysis
Figure 7. Laser TherapyMarket Impact Analysis Of Driver And Restraints
Figure 8. Europe Laser TherapyMarket – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Europe Laser Therapy market, By Type 2019 & 2027 (%)
Figure 10. Europe Solid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Europe Liquid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Europe Gas Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Europe Diode Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Europe Laser Therapy Market, by Application2019 & 2027 (%)
Figure 15. EuropeDermatology and AestheticsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. EuropeDentalMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. EuropeOphthalmologyMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. EuropeUrologyMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. EuropeCardiovascularMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. EuropeOncology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. EuropeOther ApplicationsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Europe Laser Therapy Market, by End User 2019 & 2027 (%)
Figure 23. EuropeHospitalsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. EuropeSpecialized ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. EuropeAmbulatory ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Europe: Laser Therapy Market, by Key Country – Revenue (2019) (USD Million)
Figure 28. Europe Laser Therapy Market Revenue and Forecast to 2027 (USD Million)
Figure 29. Europe: Laser Therapy Market, by Country, 2019 & 2027 (%)
Figure 30. Germany: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. UK: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. France: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 33. Spain: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 34. Italy: Laser Therapy Market – Revenue and Forecast to 2027 (USD Million)
Figure 35. Impact of COVID-19 Pandemic in European Country Markets
- biolitec Group
- BTL
- Meditech International, Inc. (BIOFLEX Laser Therapy)
- Boston Scientific Corporation
- Baring Private Equity Asia Ltd (Lumenis)
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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