Laser Therapy Devices Market Trends and Forecasts to 2033

The global laser therapy device market is set to witness exceptional growth over the next decade, according to a recent report by Future Market Insights (FMI). The market, valued at $3 billion in 2023, is expected to grow to a whopping $7 billion by 2033, reflecting significant expansion driven by growing adoption and diverse applications across medical sectors.

FMI’s comprehensive analysis reveals a projected compound annual growth rate (CAGR) of 8.8% over the next decade. FMI’s report highlights a solid growth trajectory in the market, underscoring the growing appreciation for the efficacy and versatility of laser therapy. Laser therapy devices are increasingly being used in various medical fields, including dermatology, orthopedics, and ophthalmology, due to their precision and non-invasive treatment benefits.

“This remarkable growth is evidence of the transformative impact of laser therapy on modern medicine,” he told Future Market Insights. “The advancement of technology and its expanding applications are paving the way for significant market expansion.”

The expected increase in market value is attributed to several factors, including technological innovation, growing healthcare awareness, and growing demand for non-surgical treatment options. As healthcare providers and patients alike seek effective and minimally invasive solutions, laser therapy devices are becoming an integral part of medical practice.

Main growth factors:

Technological progress: Continuous innovations in laser technology increase the effectiveness and safety of treatments, which contributes to their wider use.
Expanding applications: The increasing use of laser therapy in various medical specialties is driving demand and market expansion.
Raising awareness: Increasing awareness of the benefits of laser therapy among healthcare professionals and patients is driving market growth.

Future Market Insights predicts that this growth will continue as new advances in laser technology emerge and healthcare systems around the world implement more innovative treatments.

Market trends and regional information:

Device type:

Gas laser therapy devices are expected to capture more than a quarter of market revenues. Hospitals and specialist clinics will generate a significant portion of revenues, with ophthalmological procedures likely to play a dominant role.

Regional growth:

The US and UK are expected to witness high sales due to the popularity of LLLT, while the high prevalence of dermatological diseases in Germany and strong healthcare research funding in France will further drive market growth. High rates of plastic surgery in China are also expected to contribute significantly to the market expansion.

Full report on laser therapy devices: discover the latest trends and insights in our detailed analysis!

Competitive Landscape:

There is a lot of competition in the market and the main players are:

Boston Scientific Corporation
IPG Photonics Corporation
Lumenis Sp. z o. o.
Coherent Inc.
Biolitec AG
Hologic Inc.
Alma Lasers Sp.
Photon DD
Danaher Corporation
Thermo Fisher Scientific Inc.

Are some of the prominent laser therapy device manufacturers profiled in the FMI report? New product introductions, capacity expansion initiatives, and regulatory approvals for specific techniques are some key growth strategies.

In 2018, Hologic Inc. received a medical device license from Health Canada to market Cynosure’s advanced, non-invasive body contouring product, SculpSure®, a device for laser treatment of the back, inner and outer thighs, and the submental area under the chin. This approach destroys fat cells by raising the temperature of the fat tissue.
Most recently, in April 2021, Alma Lasers Ltd. launched the Alma PrimeXTM platform, a non-invasive approach to body contouring and skin tightening around the abdomen, waist, thighs and buttocks. It uses a combination of ultrasound and radiofrequency technologies.

Key segments covered:

Device type:

Semiconductor laser
Gas laser
Fluid laser
Semiconductor laser

End user:

Hospitals
Specialist Clinics
Outpatient Surgery Centers
Other end users

App:

Ophthalmology
Dermatology
Gynecology
Urology
Cardiovascular
Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth insights into the factors driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting and events for the packaging, food and beverage, consumer technology, healthcare, industrial and chemical markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional and local expertise on various industry disciplines and trends in over 110 countries.

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Phone: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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