Laser Therapy Market Highlights:

Laser therapies have become an essential part of ophthalmology, and the increasing demand for non-invasive treatments is one of the key factors favoring the proliferation of the global laser therapy market. It is widely used in the treatment of diseases like arthritis and cataract. The National Eye Institute of the U.S. has estimated that the patient pool of cataract is expected to get doubled from 24.4 million in 2010 to 50 million by 2050-end. Furthermore, the exponential geriatric population is another factor responsible for fueling demand in the laser therapy market.

Laser Therapy Market Overview and Analysis by type, application - forecast from 2022 to 2030. According to the latest report published by Market Research Future (MRFR), the Laser Therapy Market is projected to reach USD 3,514.02 million by 2030 at 9.40% CAGR during the forecast period 2022-2030. Laser therapy has developed various applications in the healthcare sector which is anticipated to aid global market proliferation.

The market is set to exhibit tremendous potential in the foreseeable future. The application of laser therapy in treating commonly prevailing disorders such as kidney stones, detached retina, hair loss, etc. is expected to catalyze the market expansion over the next couple of years. The wide prevalence of cancer and the efficient use of the therapy in its diagnosis has further been estimated to catapult the laser therapy market on an upward trajectory. However, the high procedural cost associated with the treatment is likely to hold the market growth during the forecast period.

Market Segmentation:

By type, the global laser therapy market has been segmented into diode lasers, solid state lasers, gas lasers, dye lasers, and others.

By application, the laser therapy market is segmented into dermatology and aesthetics, surgery, dental, and others. The surgery segment is further sub-segmented into urology, ophthalmology, and others.

Regional Analysis:

By region, the global laser therapy market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America commands the most significant share of the global market. The growth of the region is attributable to increasing patient pool, rising health care expenditures, developed healthcare sector, changing lifestyle, and growing geriatric population among others.

Europe is expected to capture the second largest market share throughout the assessment period owing to investments in research, massive healthcare expenditure, government support for clinical trials researches, etc.

Asia Pacific is set to exhibit a relatively higher growth owing to the presence of emerging markets such as India and China. Other factors favoring the growth of the region are exponential geriatric population, huge patient population, etc.

The Middle East Africa region is poised to hold the least share of the global market. The poor economic conditions and stringent government policies remain impediments for the market. A substantial fraction of the market in the region is held by Middle East owing to the presence of a developed healthcare sector coupled with rising healthcare expenditure.

Competitive Dashboard:

The global laser therapy market players are Biolase Inc. (U.S.), Valeant (Canada), Coherent, Inc. (U.S.), Alma Lasers (Israel), Angiodynamics, Inc. (U.S.), IRIDEX Corp. (U.S.), and Cutera (U.S.) among others.

Industry Developments:

In July 2018, the Food and Drug Administration of the U.S. has set out a stern warning against the use of laser therapies for performing vaginal rejuvenation.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com