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Laser Therapy Devices Market By Product, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 315 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725301
The global laser therapy devices market was valued at $2,386.29 million in 2021, and is projected to reach $5,704.01 million by 2031, registering a CAGR of 8.9% from 2022 to 2031.

Laser therapy devices are the devices that are used to treat or remove tissue by using precisely focused laser beam. They are used for various applications, which include ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular, and others. Furthermore, these devices are used in many surgical procedures such as cosmetic surgery, refractive eye surgery, dental procedures, and general surgery. Therefore, rise in demand for non-invasive procedures in such surgical procedures drives the growth of the laser therapy devices market.

Furthermore, rise in incidence of eye disorders due to upsurge in aged population, increase in number of patients using advanced laser-therapy devices globally, and surge in importance of aesthetics are the factors that drive the market growth. In addition, rise in technological advancement in laser therapy devices and increase in adoption for laser therapy devices for aesthetic and dermatological procedures across the world further boost the growth of market. However, stringent safety regulations and high rate of failure of laser-based surgical procedures hamper the market growth. Increase in disposable income and growth in demand for laser therapy devices in the emerging countries are expected to offer lucrative opportunities for the market growth.

The global laser therapy devices market is segmented on the basis of type, application, end user, and region. By type, the market is classified into solid- gas, liquid, and diode. By application, the market is categorized into dermatology & aesthetics, dental, and others. By end user, the market is fragmented into hospitals, specialized clinics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By region, North America accounted for a majority of the global laser therapy devices treatment market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to increase in adoption of laser therapy devices, growth in R&D activities as well as presence of strong and established market players in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in awareness among young population regarding aesthetics appearance, growth in health care expenditures, and surge in adoption of laser therapy devices procedures in this region.

The report provides a comprehensive analysis of the key players operating in the global laser therapy devices market, which include Meditech International (BioFlex Laser). Biolase Inc., Boston Scientific Corporation, Almas Laser, Coherent Inc, Biolitec, Inc, Cutera Inc, BTL Group, Lynton laser and LUMENIS (Baring Private Equity Asia Ltd.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser therapy devices market analysis from 2021 to 2031 to identify the prevailing laser therapy devices market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the laser therapy devices market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global laser therapy devices market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product

  • Solid
  • Liquid
  • Gas
  • Diode

By Application

  • Dermatology and Aesthetics
  • Dental
  • Other Applications

By End User

  • Specialized Clinics
  • Hospitals
  • Type
  • Private
  • Public
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Alma Lasers
  • Coherent, Inc.
  • Biolitec Group
  • Biolase, Inc.
  • IPG Photonics Corporation
  • Boston Scientific Corporation
  • BTL
  • meditech international inc.
  • Baring Private Equity Asia Ltd (Lumenis)
  • Cutera

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Patent Landscape

CHAPTER 4: LASER THERAPY DEVICES MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Solid
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Liquid
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Gas
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Diode
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country

CHAPTER 5: LASER THERAPY DEVICES MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Dermatology and Aesthetics
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Dental
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Other Applications
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: LASER THERAPY DEVICES MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Specialized Clinics
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Hospitals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.3.4 Hospitals Laser Therapy Devices Market by Type
6.3.4.1 Private Market size and forecast, by region
6.3.4.2 Public Market size and forecast, by region
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: LASER THERAPY DEVICES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End User
7.2.4.1 North America Hospitals Laser Therapy Devices Market by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End User
7.3.4.1 Europe Hospitals Laser Therapy Devices Market by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Product
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.4.1 Asia-Pacific Hospitals Laser Therapy Devices Market by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Product
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End User
7.5.4.1 LAMEA Hospitals Laser Therapy Devices Market by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Product
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by End User

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Alma Lasers
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Coherent, Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Biolitec Group
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Biolase, Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 IPG Photonics Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Boston Scientific Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 BTL
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 meditech international inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Baring Private Equity Asia Ltd (Lumenis)
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Cutera
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Laser Therapy Devices Market,' the lLaser Therapy Devices Market Size was valued at $2.4 billion in 2021, and is estimated to reach $5.7 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031.

A laser is a device that emits light through a process of optical amplification on the basis of stimulated emission of electromagnetic radiation. Laser therapy devices are devices used for the treatment of various diseases, such as eye-related diseases, cardiology-related diseases, urology diseases, and tissue removal, leading to increased adoption of laser therapy devices for diverse medical applications such as ophthalmology, dermatology, urology, and cardiovascular.

Laser Therapy Devices Market Trends are increase in number of laser therapy procedures, rise in demand for laser therapy treatment by female population, and surge in number of key players manufacturing advance devices for laser therapy devices procedure. Moreover, technological advancement in the field of non-invasive aesthetic procedure is anticipated to propel the market growth.

In addition, increase in number of product launches by key manufacturers is anticipated to fuel the growth of market. For instance, in January 2020, Lumenis Ltd, the world’s largest energy-based medical device company for aesthetic applications, announced the launch of LightSheer Quattro hair removal system. This system offers laser therapy devices treatment for all skin types as well as treatment of pigmented and vascular lesions. Moreover, laser therapy is one of the most popular and highly adopted non-surgical aesthetic procedure among all-age groups to enhance their physical appearance. Thus, this factor is anticipated to propel the Laser Therapy Devices Market Size in upcoming years.

However, stringent safety regulations and high rate of failure limit the market growth. Furthermore, increased disposable income and demand for laser therapy treatment in the emerging economies are expected to offer opportunities for the growth of the laser therapy devices market during the forecast period.

The global Laser Therapy Devices Market Analysis is done on the basis of type, application, end user, and region. By type, the market is classified into solid-, gas, liquid, and diode. By application, the market is categorized into dermatology & aesthetics, dental, and others. By end user, the market is divided into hospitals, specialized clinics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The dermatology and aesthetics segment accounted for the major share in the laser therapy devices market, and is expected to remain dominant throughout the forecast period. This segment is expected to grow at a CAGR of 9.4% from 2022 to 2031, owing to high adoption of laser therapy devices for cosmetic procedures globally.

The diode lasers segment occupied a major shareLaser Therapy Devices Market Share, and is expected to lead the product segment during the forecast period. The diode lasers are estimated to grow at a CAGR of 9.6% during the forecast period owing to increase in adoption of diode- laser in the dental disease. In addition, growth in demand for non-invasive treatments and rise in number of aesthetic procedures being performed further propels the market growth.

On the basis of end user, the Laser Therapy Devices Industry is classified into hospitals, specialized clinics, and others. The others segment is further classified into beauty salon and at home. The specialized clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in number of laser therapy devices procedure in hospital and rise in number of hospitals to conduct various non-surgical procedures.

North America accounted for a majority oLaser Therapy Devices Market Share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in number of laser therapy devices procedures, increase in number of approvals for laser therapy devices products, presence of key players, and advancements in medical aesthetic sector in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in awareness among young population regarding aesthetics appearance, growth in health care expenditures, and rise in adoption of laser therapy devices procedure.

Key findings of the study

By type, the solid segment was the highest contributor to the Laser Therapy Devices Industry in 2021.

By application, the dermatology and aesthetics segment were the highest contributor to the market in 2021.

By end user, the specialized clinics segment dominated the market in 2021, and is

Companies Mentioned

  • Alma Lasers
  • Coherent, Inc.
  • Biolitec Group
  • Biolase, Inc.
  • Ipg Photonics Corporation
  • Boston Scientific Corporation
  • Btl
  • Meditech International Inc.
  • Baring Private Equity Asia Ltd (Lumenis)
  • Cutera

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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