Global Laser therapy Market Opportunities and Forecast 2020-2027
- DLR2124
- 20 September, 2020
- Pharma & Healthcare
- Pages: 120
- Global
Global Laser Therapy Market, By Type (Semi-Conductor Laser, Diode laser, Solid State, Liquid State Laser and others), By Application (Surgery, Gynaecology Dermatology, Dental, Cardiovascular, Ophthalmology and Others) opportunities and forecast 2020-2027
Market Overview
Laser therapy is non-invasive medical treatment which uses light of specific wavelength to treat various diseases. The therapy is most frequently used to remove the precancerous or tumors growths, repair a detached retina, remove kidney stones, various cancers and treat hair loss. The treatment is also used to cap nerve endings after the surgery, lymph vessels to decrease swelling, and the blood vessels to help avoid blood loss. Lasers have become essential part of ophthalmology.
Laser therapy market size is anticipated to grow significantly from the year 2019 to 2026. Rising implementation of home healthcare software around the globe will drive industry growth during forecast timeframe. These home healthcare software are the cost effective, easy to use, provides precise medical information concerning billing records, scheduling, therapeutic history and upkeep of patient EMRs or Electronic Medical Records that increases operational efficacy and permits home care agencies to supply quality patient care. This has resulted in demand for the home healthcare software is growing and the scenario is expected to remain same over the foreseeable future.
Segment Overview
In the laser-based ophthalmology, beam of light reforms the cornea, thus improves the corneal concentration. This can be used to produce channel to release intraocular pressure of cauterize tiny haemorrhages or glaucoma. Frequently used lasers in the ophthalmology include Nd: excimer LASER, femtosecond LASER, YAG LASER, and others. Growing prevalence of diseases such as cataract and arthritis is major driver for market growth.
According to National Eye Institute (NEI), number of people in the U.S. suffering from cataract is likely to double from almost 24.4 million in 2010 to over 50 million by 2050. Furthermore, in 2015, the Institute stated, more than half of Americans suffer from cataract related problems in their overall life span. Growing demand for aesthetics and increasing geriatric population followed by the increasing demand for various non-invasive procedures will boost market growth. Though, high procedural cost is expected to restrain the market growth over the forecast period.
Regional Overview
U.S. market is estimated to foresee profitable growth during the forecast period due to prompt rising acceptance of various innovative laser solutions in the region. Growing popularity and application of minimally invasive or non-invasive laser procedures such as removal of scars, laser hair removal, liposuction, and resurfacing of the skin, among the population in the country due to high emphasis on the aesthetics will further enhance the market growth. Furthermore, supportive government initiatives to develop various advanced products for the aesthetics treatment and rise in disposable income is expected to augment U.S. industry growth.
Competitor overview
In 2016, According to Royal National Institute of Blind People (RNIBP) the number of the people living with sight loss are anticipated to reach almost 2.7 million by the year 2030 due to probable cases of cataract, refractive error, glaucoma, and others.
The presence of huge patient population and constantly developing economies such as India and China are expected to boost the market growth in the region. Furthermore, growing geriatric population in the region further fuels the market growth. According to study conducted by the International Journal of Advanced Medical and Health Research (IJAMHR) in 2015, in India, the incidence of blindness was 1.1%, principal cause being the cataract, affecting more than 9 million people and accounting for over 62.0%.
Key Players
Market Segmentation
By Type
Market Overview
Laser therapy is non-invasive medical treatment which uses light of specific wavelength to treat various diseases. The therapy is most frequently used to remove the precancerous or tumors growths, repair a detached retina, remove kidney stones, various cancers and treat hair loss. The treatment is also used to cap nerve endings after the surgery, lymph vessels to decrease swelling, and the blood vessels to help avoid blood loss. Lasers have become essential part of ophthalmology.
Laser therapy market size is anticipated to grow significantly from the year 2019 to 2026. Rising implementation of home healthcare software around the globe will drive industry growth during forecast timeframe. These home healthcare software are the cost effective, easy to use, provides precise medical information concerning billing records, scheduling, therapeutic history and upkeep of patient EMRs or Electronic Medical Records that increases operational efficacy and permits home care agencies to supply quality patient care. This has resulted in demand for the home healthcare software is growing and the scenario is expected to remain same over the foreseeable future.
Segment Overview
In the laser-based ophthalmology, beam of light reforms the cornea, thus improves the corneal concentration. This can be used to produce channel to release intraocular pressure of cauterize tiny haemorrhages or glaucoma. Frequently used lasers in the ophthalmology include Nd: excimer LASER, femtosecond LASER, YAG LASER, and others. Growing prevalence of diseases such as cataract and arthritis is major driver for market growth.
According to National Eye Institute (NEI), number of people in the U.S. suffering from cataract is likely to double from almost 24.4 million in 2010 to over 50 million by 2050. Furthermore, in 2015, the Institute stated, more than half of Americans suffer from cataract related problems in their overall life span. Growing demand for aesthetics and increasing geriatric population followed by the increasing demand for various non-invasive procedures will boost market growth. Though, high procedural cost is expected to restrain the market growth over the forecast period.
Regional Overview
U.S. market is estimated to foresee profitable growth during the forecast period due to prompt rising acceptance of various innovative laser solutions in the region. Growing popularity and application of minimally invasive or non-invasive laser procedures such as removal of scars, laser hair removal, liposuction, and resurfacing of the skin, among the population in the country due to high emphasis on the aesthetics will further enhance the market growth. Furthermore, supportive government initiatives to develop various advanced products for the aesthetics treatment and rise in disposable income is expected to augment U.S. industry growth.
Competitor overview
In 2016, According to Royal National Institute of Blind People (RNIBP) the number of the people living with sight loss are anticipated to reach almost 2.7 million by the year 2030 due to probable cases of cataract, refractive error, glaucoma, and others.
The presence of huge patient population and constantly developing economies such as India and China are expected to boost the market growth in the region. Furthermore, growing geriatric population in the region further fuels the market growth. According to study conducted by the International Journal of Advanced Medical and Health Research (IJAMHR) in 2015, in India, the incidence of blindness was 1.1%, principal cause being the cataract, affecting more than 9 million people and accounting for over 62.0%.
Key Players
- Angiodynamics
- Biolase
- Valeant
- IRIDEX
- Cutera
Market Segmentation
By Type
- Diode Lasers
- Solid State Lasers
- Semiconductor Lasers
- Liquid Lasers
- Gas Lasers, Dye Lasers
- Others
- Ophthalmologys
- Dermatology & Aesthetics
- Surgery
- Dental
- Urology
- Gynecology
- Cardiovascular
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
1 Report Prologue 11
- 1.1 Introduction 11
2 Market Introduction 13
- 2.1 Introduction 13
- 2.2 Scope of Study 13
- 2.3 Research Objective 13
- 2.4 Assumptions & Limitations 14
- 2.4.1 Assumptions 14
- 2.4.2 Limitations 14
3 Research Methodology 15
- 3.1 Primary Research Methodology 16
- 3.2 Secondary Research Methodology 18
- 3.3 Market Share Analysis 19
- 3.4 Trade Analysis 19
- 3.5 Market Pricing Approach 19
4 Market Dynamics 20
- 4.1 Introduction 20
- 4.2 Drivers 21
- 4.2.1 Increasing prevalence of diseases like cataract and arthritis (Impact Weightage- 35%) 21
- 4.2.2 Growing geriatric population and the rising demands for non-invasive procedures (Impact Weightage- 32%) 22
- 4.2.3 Growing demands for aesthetics (Impact Weightage- 33%) 23
- 4.3 Restraints 24
- 4.3.1 High cost 24
5 Market Factor Analysis 25
- 5.1 Porters Five Forces 25
- 5.1.1 Introduction 25
- 5.1.2 Bargaining power of suppliers 25
- 5.1.3 Bargaining power of buyers 26
- 5.1.4 Threat of new entrants 26
- 5.1.5 Threat of substitutes 26
- 5.1.6 Degree of rivalry 26
- 5.2 Value Chain Analysis 27
- 5.2.1 Raw material 28
- 5.2.2 Supplier 29
- 5.2.3 Manufacturer 30
- 5.2.4 Distributer 30
- 5.2.5 Customer 31
- 5.2.6 Consumer 31
- 5.3 Demand & Supply: Gap Analysis 32
- 5.4 Pricing Analysis 32
6 Global Laser Therapy Market, By Type 33
- 6.1 Introduction 33
- 6.2 Diode Lasers 34
- 6.3 Solid State Lasers 35
- 6.4 Gas Lasers 36
- 6.5 Dye Lasers 37
7 Global Laser Therapy Market, By Application 38
- 7.1 Introduction 38
- 7.2 Dermatology and Aesthetics 40
- 7.3 Surgery 41
- 7.4 Dental 42
8 Global Laser Therapy Market, by Region 43
- 8.1 Introduction 43
- 8.2 Americas 45
- 8.2.1 U.S. 48
- 8.2.2 Canada 49
- 8.2.3 South America 51
- 8.3 Europe 53
- 8.3.1 Western Europe 56
- 8.3.1.1 Germany 57
- 8.3.1.2 France 59
- 8.3.1.3 U.K. 60
- 8.3.1.4 ITALY 62
- 8.3.1.5 SPAIN 63
- 8.3.1.6 Rest of Western Europe 65
- 8.3.2 Eastern Europe 66
- 8.3.1 Western Europe 56
- 8.4 Asia Pacific 68
- 8.4.1 Japan 71
- 8.4.2 China 72
- 8.4.3 India 74
- 8.4.4 Republic of Korea 75
- 8.4.5 Australia 77
- 8.4.6 Rest of Asia Pacific 78
- 8.5 Middle East & Africa 80
- 8.5.1 Middle East 83
- 8.5.2 Africa 84
9 Competitive Landscape 86
- 9.1 Introduction 86
- 9.2 Key Developments 87
10 Company Profiles 89
- 10.1 Angiodynamics, Inc. 89
- 10.1.1 Company Overview 89
- 10.1.2 Financials 89
- 10.1.3 Products 89
- 10.1.4 Strategy 89
- 10.1.5 Key Developments 89
- 10.2 Biolase Inc. 90
- 10.2.1 Company Overview 90
- 10.2.2 Financials 90
- 10.2.3 Products 90
- 10.2.4 Strategy 90
- 10.2.5 Key Developments 90
- 10.3 Valeant 91
- 10.3.1 Company Overview 91
- 10.3.2 Financials 91
- 10.3.3 Products 91
- 10.3.4 Strategy 91
- 10.3.5 Key Developments 91
- 10.4 IRIDEX Corp. 92
- 10.4.1 Company Overview 92
- 10.4.2 Financials 92
- 10.4.3 Products 92
- 10.4.4 Strategy 92
- 10.4.5 Key Developments 92
- 10.5 Cutera 93
- 10.5.1 Company Overview 93
- 10.5.2 Financials 93
- 10.5.3 Products 93
- 10.5.4 Strategy 93
- 10.5.5 Key Developments 93
- 10.6 Coherent, Inc. 94
- 10.6.1 Company Overview 94
- 10.6.2 Financials 94
- 10.6.3 Products 94
- 10.6.4 Strategy 94
- 10.6.5 Key Developments 94
- 10.7 Alma Lasers 95
- 10.7.1 Company Overview 95
- 10.7.2 Financials 95
- 10.7.3 Products 95
- 10.7.4 Strategy 95
- 10.7.5 Key Developments 95
11 Appendix 96
- 11.1 Discussion Blue Print 96
- 11.2 References 97
12 Conclusion 98
- 12.1 Key Findings 98
- 12.1.1 CEO’s Viewpoint 98
- 12.1.2 Key Companies to Watch 98
- 12.1.3 Prediction of Laser Therapy Industry 98
Report You Might be Interested
Choose License Type
- USD
- GBP
- EURO
- INR
