Photostimulation Lasers Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4043
Photostimulation Lasers Market size is expected to grow significantly from 2019 to 2025.
Photostimulation lasers market growth is primarily driven by rising adoption of these systems in number of healthcare applications. Photostimulation lasers use light instead of electrical stimulation that is less invasive and permits greater temporal & spatial specificity & flexibility. Growing demand for photostimulation lasers in treatment of various diseases including musculoskeletal, dental and other conditions will boost the business growth. Additionally, government initiatives to increase awareness regarding effective and non-invasive treatments will fuel the demand for photostimulation laser systems, thus augmenting business growth.
Furthermore, increasing public and private funding will serve to be another positive impact rendering factor in the industry growth. Numerous efforts undertaken by industry players for development of portable and technologically advanced products will spur the market size. For instance, BTL-5825SL COMBI, developed by BTL, is a 2-channel electrotherapy unit with extended range of currents. This unique modular system offers 4 therapies in one unit. Availability of such advanced devices will upsurge the photostimulation lasers industry growth. However, lack of awareness regarding these systems in underdeveloped regions may hamper industry growth over the analysis timeframe.
2-channel photostimulation lasers segment accounted for notable revenue share in 2018 and is projected to grow over the coming years. Focus of industry players on introduction of technologically advanced products will increase its adoption over the forecast period. For instance, Etius LM, developed by Astar, is a multi-functional physiotherapy unit with two separate treatment channels that offers several applications including low level laser therapy, electrotherapy and focused magnetotherapy.
Musculoskeletal segment held considerable revenue share in 2018 and will witness lucrative growth during the analysis period. Growing adoption of low level laser therapy in the treatment of musculoskeletal pain and other orthopedic conditions will surge the demand for photostimulation laser systems, thereby fostering segment growth.
Hospitals segment accounted for significant revenue in 2018 and is estimated to grow over the forecast timeframe. Segment growth is attributed to increasing patient preference towards physiotherapy due to rising prevalence of musculoskeletal diseases. Surge in the number of hospitalizations and favorable reimbursement policies for procedures performed in hospital settings will favor segment growth.
North America photostimulation lasers market held substantial revenue in 2018 and is projected to show similar trend over the analysis period. Rising R&D investments by industry players, availability of technologically advanced photostimulation laser systems and government support towards development of advanced products will upsurge North America photostimulation lasers industry growth.
Some of the prominent players operating in photostimulation lasers market share include Astar, EMS Physio, Elettronica Pagani, RIKTAMED, GymnaUniphy, Chattanooga International and BTL International. Industry players are mainly focusing on innovative product launches as well as inorganic strategic including collaborations and acquisitions to gain more market share and sustain market competition.
Photostimulation Lasers Market By Type, 2014-2025 (USD Million)
Photostimulation Lasers Market By Modality, 2014-2025 (USD Million)
Photostimulation Lasers Market By Application, 2014-2025 (USD Million)
Photostimulation lasers Market By End-use, 2014-2025 (USD Million)
- Ambulatory surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Elettronica Pagani
- EMS Physio
- Chattanooga International
- BTL International
- Mettler Electronics
- Zimmer MedizinSysteme
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