The Global Laser Therapy Market report titled “Laser Therapy Market Research Report- Global Forecast Till 2023” is comprehensive analysis report by type (diode laser, solid state laser, gas lasers, others) by applications (ophthalmology, urology, dermatology and aesthetics, gynecology, dentistry, medical imaging, oncology, others) – Global Forecast to 2023.
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A laser is a highly coherent form of light based on the stimulated emission of electromagnetic radiation and the acronym “laser” stands for “light amplification by stimulated emission of radiation”. Laser therapy is the application of laser in the diagnosis or treatments of diseases and disorders.
The critical market driving factor for global laser therapy is higher demand for cosmetic surgery procedures. The American Society of Plastic Surgeons estimated around 1.8 million cosmetic surgical procedures and 15.5 million cosmetic minimally invasive procedures in 2016 alone. Other market driving factors are rise in aging population and in turn concurrent increase in age-related eye disorders, rise in accessibility of laser treatment clinics and the growing demand for aesthetics.
Considering all these factors the market for laser therapy is expected to reach $ 9.97 billion by the end of 2023, this market is projected to be growing at a CAGR of ~ 12.2 % during 2017-2023.
Global Laser Therapy Market Key Players:
Key players profiled in the report are Angiodynamics, Inc., Syneron Candela, Biolase Inc., Photomedex, Inc., Lumenis Ltd., Bausch & Lomb Holdings, Inc., IRIDEX Corp., Spectranetics Corporation, Cutera, Alma Lasers, Iridex Corp. and others.
The global laser therapy market is segmented on the basis of type and applications. Based on type, the market has been segmented as diode lasers, solid state lasers, gas lasers, dye lasers, and others. Based on the applications, the market has been segmented as urology (kidney stones, tissue ablation), dermatology and aesthetics (skin resurfacing, pigment removal, hair removal), gynecology, dentistry, medical imaging, oncology and others.
US accounts for the maximum market share due to favorable reimbursement scenarios and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global laser therapy. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is the fastest growing region because of large unmet needs which is led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions and poor healthcare penetration.
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The report for Global Laser Therapy market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
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