The global market for laser therapy devices is positioned for a luminous future, with a projected value of US$7 billion by 2033. This impressive growth trajectory, reflecting a Compound Annual Growth Rate (CAGR) of 8.8%, is fueled by the increasing adoption of these devices across various medical fields, according to a recent report by Future Market Insights (FMI).
FMI’s report paints a compelling picture of the market’s momentum. It anticipates the market to reach nearly US$2 billion by 2022, solidifying its steady growth pattern. This positive outlook aligns with the rising trend towards minimally invasive surgeries and significant investments in laser treatment procedures.
Request Your Detailed Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-5241
The report pinpoints oncology (cancer treatment) and aesthetics as key areas propelling market growth, with ophthalmology applications following closely behind. Additionally, the trend towards low-level laser therapy (LLLT) is expected to gain significant traction, prompting major manufacturers to develop a wider range of cutting-edge LLLT devices. A prime example is the Euchronia FX 635, a US Food and Drug Administration-approved device (2019) that demonstrably reduces whole-body pain by nearly 50%.
Key Takeaways from FMI’s Laser Therapy Devices Market Study:
By device type, gas laser therapy devices to account for more than a quarter of the revenue share through 2021 A fifth of the total laser therapy devices revenue is accounted for by hospitals, specialty clinics to generate over half of the total share Ophthalmology treatment is likely to account for the bulk of the revenue share in the laser therapy devices market.
US and UK to experience high sales amid surging popularity of low-level laser therapy (LLLT) High prevalence rates of dermatological disorders to fuel laser therapy device sales across Germany Robust healthcare research funding and a flourishing aesthetics industry to pivot French laser therapy devices market growth High plastic surgery rates to heighten China’s share in the laser therapy devices market.
“Prominent laser therapy devices manufacturers are introducing portable handheld devices in order to enhance the comfort factor for surgeons while administering the appropriate treatment, improving patient outcomes and success rates,” says the FMI analyst.
Explore Our Methodology Framework: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5241
Competitive Landscape:
- Boston Scientific Corporation
- IPG Photonics Corporation
- Lumenis Ltd.
- Coherent Inc.
- Biolitec AG
- Hologic Inc.
- Alma Lasers Ltd.
- Fotona D.D
- Danaher Corporation
- Thermo Fisher Scientific Inc.
Are some prominent laser therapy devices manufacturers as profiled by FMI’s report? New product launches, capacity expansion initiatives and securing regulatory approvals for specific techniques are some key growth strategies.
In 2018, Hologic Inc. received a medical device license issued by Health Canada to market Cynosure’s advanced non-invasive body contouring product called SculpSure®, a laser treatment device for treating back, inner and outer thighs, and submental area under the chin. This approach destroys fat cells by raising body fat temperature.
Recently, in April 2021, Alma Lasers Ltd. launched the Alma PrimeXTM platform, a non-invasive approach for body contouring and skin tightening in the abdomen, waist, thighs and buttock areas. It deploys a combination of ultrasound and radiofrequency technologies.
Secure Your Market Analysis Now: Purchase Now to Access: https://www.futuremarketinsights.com/checkout/5241
Key Segments Covered:
Device Type:
- Solid-State Laser
- Gas Laser
- Liquid Laser
- Semiconductor Laser
End-User:
- Hospitals
- Specialized Clinics
- Ambulatory Surgical Centers
- Other End-Users
Application:
- Ophthalmology
- Dermatology
- Gynecology
- Urology
- Cardiovascular
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube