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Cold Laser Therapy Market Global Industry Analysis, Size, Share, Future Growth, Trends and Forecast year 2030

07-09-2024 03:56 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Cold Laser Therapy Market size was valued at US$ 322.45 million in 2022 and is expected to reach US$ 522.40 million by 2030; it is estimated to record a CAGR of 6.2% during 2022-2030.

Key factor driving the market growth are the growing prevalence of chronic pain conditions such as orthopedic disorders and utilization of cold laser in dermatology propel the cold laser therapy market growth. However, a shortage of technically skilled personnel and high treatment costs impede the growth of the market.

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Analysis of the Top Market Players:

1. Bioventus LLC
2. Lumenis Ltd
3. BTL Industries Inc
4. Dynatronics Corporation
5. Zimmer MedizinSysteme GmbH
6. Theralase Technologies Inc
7. ?Erchonia Corporation
8. ASA Laser S.p.A.
9. Radiancy Inc
10. Biolase Inc

In this report, the market has been segmented on the basis of:

Product
• Instruments
• Accessories

Application
• Orthopedics
• Dermatology
• Neurology

End User
• Hospital
• Specialty Clinics
• Homecare Settings

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Market Drivers of the Cold Laser Therapy Market

Cold laser therapy has diverse applications across multiple healthcare domains, spanning pain management, orthopedics, dermatology, and dentistry. Due to the rising prevalence of orthopedic conditions such as arthritis, musculoskeletal injuries, neuropathic pain, and chronic injuries, the utilization of cold laser therapy in healthcare institutions and homecare settings has increased.

According to the data published by the World Health Organization (WHO), in February 2021, ~1.71 billion individuals worldwide suffered from musculoskeletal problems, with lower back pain being the most widespread musculoskeletal condition, affecting 568 million people globally. Cold laser therapy is a noninvasive and effective treatment to alleviate chronic back pain. A study, "Effectiveness of Low-Level Laser Therapy in Patients with Discogenic Lumbar Radiculopathy," published by Hindawi in February 2022, was carried out with 110 patients suffering from acute lower back pain and unilateral discogenic lumbar radiculopathy. Of the total patients, 55 were treated with LLLT combined with conventional physical therapy, while the control group of 55 patients was treated with only conventional physical therapy.

The study demonstrated that LLLT, as an adjunct therapy to conventional physical therapy, significantly improved local trunk movements, pain intensity, and related functional disability, compared with conventional physical therapy alone in treating discogenic lumbar radiculopathy.

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