Global Laser Therapy Devices Market Size, Share, Growth Analysis, By Type(Diode Lasers, Solid State Lasers), By End-Use(Hospitals, Ambulatory Surgical Centres), By Application(Dermatology, Aesthetics) - Industry Forecast 2022-2028

The Global Laser Therapy Devices market size was valued at USD 1.98 billion in 2021 and is expected to reach USD 3.98 billion by 2028, growing at a CAGR of 10.76% during the forecast period. (2022 - 2028).

Global Laser Therapy Devices market refers to the consumption and production of cocoa and chocolate products in the Asia Pacific region. The Asia Pacific region includes countries such as China, India, Japan, South Korea, Australia, and New Zealand, among others. Top-down and bottom-up approaches were used to estimate and validate the size of Global Laser Therapy Devices Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in report

The Global Laser Therapy Devices market is segmented based on Type, End-Use, Application, and Region. Based on type, the market is segmented into Diode Lasers, Solid State Lasers, Liquid Lasers, Semiconductor Lasers, Gas Lasers, Dye Lasers, and Others. Based on End-Use, the market is segmented into Hospitals, Ambulatory Surgical Centres, and Home Healthcare. Based on Application, the market is segmented into Dermatology and Aesthetics, Surgery, Gynaecology, Dental, Urology, Ophthalmology, Cardiovascular, and Others. Based on region the global Laser Therapy Devices market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East Africa.

Drivers

The global trend towards using minimally invasive surgeries has been growing, with the aim of reducing patient trauma. These types of surgeries require small incisions and advanced instruments that enable doctors to work without damaging any part of the body. Among the minimally invasive techniques, the use of lasers is gaining popularity in modern medicine for a variety of pathologic processes. Besides their applications in operating rooms, lasers are also used in ophthalmology, lithotripsy, oncology, dermatitis, and cosmetic procedures. A particular application of laser technology is laser lithotripsy, which is highly effective in breaking down urinary and biliary stones by producing a shockwave called the photo dermal effect. Laser interstitial thermal therapy (LITT) is another technique used in neurosurgery for patients who are not suitable candidates for surgery. LITT involves inserting a device into the left atrium, which comprises a catheter with a compliant balloon at its tip, which is continuously flushed with deuterium oxide. With the broad range of laser applications available, many manufacturers of laser therapy devices are expanding their presence in key markets.

Restrains

Laser therapy can lead to various undesirable outcomes, including burns, dyspigmentation, ocular damage, scar tissue, and infection. The risk of infection is particularly worrisome as it can compromise the skin's protective barrier, especially following laser-assisted procedures. Ablative resurfacing can lead to atypical presentations of skin infections. Moreover, laser treatments may trigger Herpes simplex virus (HSV) reactivation in the perioral region, discouraging patients from pursuing advanced laser surgeries and causing a considerable decline in sales of laser therapy devices.

Trends

The Nanoscope team has obtained a grant from the National Institutes of Health (NIH) to investigate their unique method of reducing harm through ultrafast laser-based gene transfer to the retina. The government's support for technological advancements using lasers is evident from this development. Blue Laser has also introduced its latest K-Laser Blue Dental, which employs three wavelengths and offers several advantages, such as reduced scarring, minimal harm to nearby tissues, and additional germicidal properties. These breakthroughs in dentistry have enormous potential for growth in the market for laser therapy equipment.