Therapeutic Laser Market - Forecasts from 2019 to 2024

The global therapeutic laser market is projected to grow at a CAGR of 8.02% to reach US$165.769 billion by 2024, from US$104.361 billion in 2018. The demand for therapeutic laser is growing due to the rising cancer incidences worldwide, growing number of surgeries, and growing awareness regarding self-care and self-management. Also, the rising disposable income, growing healthcare expenditure and decrease in the length of hospital stays will emanate the growth of the global therapeutic laser market in the forecast period and beyond. However, the expensive laser treatments make it unaffordable for a wide patient group which may hinder the market growth in the forecast period.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global therapeutic laser value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global therapeutic laser market.

Major industry players profiled as part of the report are BTL, ERCHONIA CORPORATION, Theralase® Technologies Inc., Cutting Edge Laser Technologies and BioFlex Laser Therapy among others.

Segmentation

The global therapeutic laser market has been analyzed through following segments:

By Therapy

Carbon Dioxide Laser
YAG (yttrium aluminum garnet) Laser
Pulsed Dye Laser
Argon Laser
Low level laser therapy (LLLT)

By Application

LASIK or Laser Eye Surgery
Teeth Whitening
Cosmetic Scar, Tattoo or Wrinkle Removal
Tumor Removal
Others

By Geography

North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others