Laser Therapy Market 2018 Booming Growth with CAGR of 9.2% | Competitive Players are Angiodynamics, Biolase, Valeant, etc. by MRFR till 2023

Market Research Future published a research report on Laser Therapy Market. By Major Industry Trends, Worldwide Business Analysis, Major Segments and Sub segments. Increasing Prevalence of Cataract, Arthritis and Rising Acceptance of Lasers in Aesthetics is projected to grow the Global Laser Therapy Market at a CAGR of 9.2% During- 2018-2023.

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Laser Therapy Market Scenario:

Therapeutic laser therapy is the most preferred technology for the treatment of various diseases like cataract and arthritis. Moreover, other applications of lasers in therapeutics includes the branches of dentistry, dermatology, aesthetics, and others. The global market for laser therapy is expected to grow at an exponential rate owing to an increase in the demand for advanced technology for minimally invasive therapeutics, rising geriatric population, and increasing prevalence of cataract, arthritis, periodontal diseases, and others. As per the Arthritis Foundation, as the world’s population continues to age, it is estimated that disorders such as osteoarthritis will impact at least 130 million individuals around the globe by the year 2050. Moreover, in 2016, according to the American Society of Plastic Surgeons, 586,662 minimally-invasive cosmetic procedures were performed for laser skin resurfacing.

The global market for laser therapy is expected to grow at a CAGR of 9.2% during the forecast period.

Top Players:

Angiodynamics

Biolase

Valeant

IRIDEX

Cutera and others.

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Regional Analysis:

The Americas dominate the global laser therapy market owing to a large patient population, strong government support for research & development, high healthcare spending, and growing geriatric population. In 2015, according to the Centres for Disease Control and Prevention, in the U.S. the total healthcare expenditure accounted for 17.8% of the total gross domestic product (GDP), which accounted for USD 3.2 trillion.

Europe is the second leading region in the global laser therapy market, which is followed by Asia Pacific. Asia Pacific is the fastest growing market for laser therapy. According to the Royal National Institute of Blind People in 2016, the number of people living with sight loss are expected to reach 2.7 million by 2030 due to possible cases of refractive error, cataract, glaucoma, and others.

The presence of a huge patient population and continuously developing economies like India and China boosts the market growth within the region. Moreover, growing geriatric population within the region fuels the market growth. According to a study conducted by International Journal of Advanced Medical and Health Research in 2015, in India, the prevalence of blindness was 1.1%, the principal cause being cataract, affecting over 9 million people accounting for 62.6%.

The Middle East and Africa contribute the least to the growth of the global laser therapy market. The Middle East dominates the market in this region due to the presence of developed economies like Qatar, Kuwait, Saudi Arabia, and others within the region. Whereas, Africa holds the least share of the global market due to the limited availability of medical facilities, poor economic condition and stringent government policies.

Laser Therapy Market - Segments:

The global laser therapy market is segmented on the basis of type and application.

On the basis of type, the market is segmented into diode lasers, solid state lasers, gas lasers, dye lasers, and others.

On the basis of application, the market is segmented into dermatology and aesthetics, surgery, dental, and others. The surgery segment is further segmented into urology, ophthalmology, and others.

Major TOC of Laser Therapy Market Research Report – Global Forecast till 2023:

1 Report Prologue

2 Market Introduction

3 Research Methodology

4 Market Dynamics

5 Market Factor Analysis

6 Global Laser Therapy Market, By Type

7 Global Laser Therapy Market, By Application8 Global Laser Therapy Market, by Region

9 Competitive Landscape

10 Company Profiles

11 Appendix

12 Conclusion

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This release was published on openPR.