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

  • Report ID: GMI4043

Photostimulation Lasers Market Size will witness significant momentum from 2022 to 2028 owing to escalating government initiatives and higher patient awareness about effective and non-invasive treatments. The rising prevalence of musculoskeletal, and various dental conditions is a major impact rendering factor for the industry expansion. Factors like suitable reimbursement policies and higher product adoption in numerous healthcare applications will enhance the industry growth.
 

Photostimulation lasers are used to artificially activate biological compounds, tissues, cells, or even whole organisms. They make use of light instead of electrical stimulation as it is less invasive and allows greater spatial as well as temporal specificity and flexibility. The influx of third-party vendors will also infuse a positive outlook for the industry.
 

Based on modality, the portable photostimulation lasers market is anticipated to expand with their growing preference over traditional standalone fixed devices. Portable imaging systems are lightweight, robust, compact, easily moved, and can be potentially miniaturized for medical purposes. They are also largely used in in-vivo applications. The increasing popularity of spatial light modulator (SLM) solutions will also add strong impetus to the overall market progression.
 

With regards to application, the photostimulation lasers market share from the musculoskeletal segment will grow due to the rising burden of Myofascial trigger points (MTrPs) worldwide. The inconsistency of favorable outcome rates pertaining to different invasive and non-invasive forms has made way for higher innovations in photomedicine, inclusive of coherent light sources (lasers). Increasing demand for low-level laser therapy methods in the treatment of musculoskeletal pain among other orthopedic conditions will favor the industry growth.
 

On the basis of end-use, the demand for photostimulation lasers in hospitals is expected to rise with an increasing patient preference for physiotherapy. The growing threat of musculoskeletal diseases has led to a higher number of hospitalizations. According to the WHO (World Health Organization), more than 1.71 billion people across the world suffer from musculoskeletal conditions. The higher provision to favorable reimbursement policies for procedures carried out in hospital settings will additionally contribute to the market expansion.
 

Regionally, North America is expected to emerge as a lucrative avenue for photostimulation lasers through 2028 due to the rapid economic growth and escalating government support in the region. The thriving need for advanced laser systems and technological enhancements has resulted in the rise in number of R&D investments initiated by leading industry players. The increasing number of third-party vendors, assisted facilities, and organizations will also denote a positive impact on the regional industry dynamics.
 

Key players in the photostimulation lasers market include EMS Physio, GymnaUniphy, Chattanooga International, RIKTAMED, Elettronica Pagani, Mettler Electronics, BTL International, Zimmer MedizinSysteme, and Astar.
 

These entities are emphasizing marketing collaborative strategies, such as acquisitions, mergers, and partnerships, as well as technological innovations for attaining competitive advantages and multiplying their revenue sales.
 

For instance, in September 2021, MAS Elettronica joined forces with Laser Navigation, to jointly create Artificial Intelligence (AI) solutions while catering to their specific needs and skills in robust, reliable, powerful, and scalable applications.
 

Effect of the COVID-19 pandemic on photostimulation lasers market trends

The coronavirus crisis and subsequent lockdowns paved the path for severe operational and economic impacts in the industrial spectrum. Its effects were also sufficed on the adoption of photostimulation lasers due to increase in number of hospitalizations to treat the COVID-19 infected individuals along with the lack of supply and manufacturing of the systems. However, with the gradual resumption of production activities and the ease of supply chain disruptions, the market is set to pick momentum in the near future.
 

The photostimulation lasers 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 Type

  • 2-channel
  • 3-channel
  • Others

Market, by Modality

  • Fixed
  • Portable

Market, by Application

  • Dental
  • Musculoskeletal
  • Neurovascular
  • Others

Market, by End-use

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Others

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

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

 

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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