Laser Therapy Devices Market is Valued at USD 5.7 Billion at a CAGR of 8.9% During the Forecast Period 2031 | Size, Emerging Trends and Regional Overview

The global Laser Therapy Devices Market was estimated at $2.4 billion in 2021 and is expected to hit $5.7 billion by 2031, registering a CAGR of 8.9% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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The increase in the number of laser therapy procedures, the rise in demand for laser therapy treatment by female population, and surge in a number of key players manufacturing advance devices for laser therapy device procedures are the key factor driving the growth of the market.

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.

Restraints:

Stringent safety regulations and high rate of failure of laser-based surgical procedures

Drivers:

Rise in technological advancement in laser therapy devices

Surge in adoption of laser therapy treatment for dermatological and aesthetic procedures

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Based on product, the diode segment accounted for more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The gas segment, on the other hand, would manifest the fastest CAGR of 9.9% throughout the forecast period.

The key market players analyzed in the global laser therapy devices market report include Baring Private Equity Asia Ltd (Lumenis), Alma Lasers, Cutera, Coherent, Inc., Biolase, Inc., IPG Photonics Corporation, Biolitec Group, Boston Scientific Corporation, BTL, and meditech international inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

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