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Laser Therapy Devices Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3871

Laser Therapy Devices Market Size is set to record a substantial CAGR between 2022 and 2028. This rise is on account of the growing adoption of cold laser therapy for the stimulation of healing by using low levels of light. The technique is used by doctors and clinicians for healing pain and wounds. Furthermore, laser therapy machines are used in various applications, including the coagulation of tissue and the destruction of tumors.
 

Based on application, the ophthalmology segment is estimated to register considerable expansion through 2028. This is because ophthalmic lasers enable the precise treatment of an array of eye issues with minimal risk of infection. It is noteworthy that a number of laser processes are relatively pain free and can be performed on an outpatient basis. Besides, these provide the advantages of relatively low cost, high accuracy, and safety and essentially destroy the targeted tissue for a beneficial impact on the eye. These aspects are expected to propel the usage of laser therapy for eyes during the forecast period.
 

On the basis of end-use, the hospitals segment is projected to account for a lucrative share in the laser therapy devices market by 2028. This growth is attributed to the availability of innovative and advanced technology-based laser devices in these settings. The product demand is further slated to rise with an increase in hospitalizations for complex procedures such as cancer-related processes and cardiovascular disorders. The availability of favorable reimbursement policies and improving hospital infrastructure are poised to boost the market expansion through the analysis period.
 

By region, the North America laser therapy devices market is anticipated to exhibit appreciable growth from 2022 to 2028 owing to an increase in the provision of patents in the region. For instance, in July 2021, Aspen Laser LLC, a major medical solutions company, has been awarded a new patent by the USPTO (U.S. Patent and Trademark Office). The patent will cover particular laser devices that will be manufactured by the company and sold in the veterinary and medical markets.
 

Prominent players across the laser therapy devices market comprise Biolase Inc., IPG Photonics Corporation, Boston Scientific Corporation, Angiodynamics, Iridex Corporation, and others. These companies are focused on the implementation of strategic initiatives such as mergers, collaborative agreements, acquisitions, and the development of different types of laser therapy devices for the consolidation of their position in the market.
 

For instance, in September 2021, Boston Scientific acquired the worldwide surgical business of energy-based medical solutions company, Lumenis LTD., from an affiliate of BPEA (Baring Private Equity Asia). Lumenis’ surgical business comprises fibers, premier laser systems, and accessories that are deployed in otolaryngology and urology procedures.
 

Assessment of COVID impact on laser therapy devices market outlook

The COVID-19 pandemic has led to an increase in studies that help in assessing the usefulness of laser therapy in the treatment of the disease. For instance, October 2020 witnessed the publication of a second case report which demonstrated positive outcomes for a SARS-CoV-2 patient treated with laser therapy. Published in the Canadian Journal of Respiratory Therapy, the article describes a remarkable reduction in inflammatory markers, Ferratin and IL-6, and marked improvement in radiological findings post supportive treatment with PBMT (Photobiomodulation Therapy). Similar studies are expected to impel the development of advanced laser therapy devices through the coming years.
 

The laser therapy devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Product

  • Gas Laser Systems
  • Liquid/Dye Laser Systems
  • Semiconductor/Diode Laser Systems
  • Others

Market, by Application

  • Dermatology
  • Dentistry
  • Gynecology
  • Ophthalmology
  • Urology
  • Cardiovascular
  • Oncology
  • Others

Market, by End-Use

  • Hospitals       
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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