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Cold Laser Therapy Market (Product - Instruments, and Accessories; Application - Dermatology, Orthopedics, Neurology, Dentistry, Laser Acupuncture, and Other Applications; End-user - Hospitals, Specialty Clinics, and Home Care): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : HC0826

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on cold laser therapy market provides an in-depth analysis of segments and sub-segments in the global as well as regional cold laser therapy market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cold laser therapy market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cold laser therapy market. According to the report, the global cold laser therapy market is projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.

 

Market Insight

Cold laser therapy is a non-invasive therapy used in pain management. The availability of reimbursement policies for cold laser therapy boosts the expansion of the cold laser therapy market. Cold laser therapy has a lot of applications in the field of healthcare. The therapy has proved the efficiency in tendon strains, cold sores, burns, chronic back pain, and strokes. The prevalence of cancer has made cold laser therapy as a new treatment option.

 

The growing adoption of non-invasive therapy for pain management drives the growth of the cold laser therapy market. The rising availability of FDA-approved cold lasers to improve patient outcomes promotes the expansion of the cold laser therapy market. Further, advanced cold laser therapies are rapidly replacing traditional laser therapies. The rising prominence of wearable devices in the healthcare industry has a positive impact on the growth of the cold laser therapy market. The companies in cold laser therapy are promoting wearable devices to provide pain relief to patients in-home care settings. The companies are targeting physical therapist, targeting sports teams, and orthopedic doctors that will increase the sales of wearable devices. Additionally, the rising adoption of cold laser therapy to reduce the downtime post laser therapy leverages the expansion of the cold laser therapy market. The increasing investments in handheld lasers by the healthcare providers to offer patient relief will augment the development of the cold laser therapy market. Furthermore, cold laser therapy improves the body’s natural healing process. Such benefits of cold lasers raise its popularity among patients. The surge in demand for cold lasers in the field of dermatology leads to the growth of the cold laser therapy market. Further, the availability of cold lasers to treat inflammatory skin diseases such as atopic dermatitis and psoriasis is one of the drivers of the global cold laser therapy market. There is rising research to develop UV-free devices in the treatment of skin diseases that propels the market growth. On the flip side, the limited number of quality reports about the efficacy of UV-free devices in cold laser therapy hampers the growth of the cold laser therapy market. Moreover, the application of cold laser therapy in dentistry creates several opportunities in the global cold laser therapy market.

 

Geographically, the global cold laser therapy market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to dominate the global cold laser therapy market. The growing introduction of technologically advanced minimally invasive therapies in North America drives the growth of the cold laser therapy market in the region. Asia-Pacific region is anticipated to grow in the global cold laser therapy market with a healthy CAGR over the forecast period. The increasing investments in research and development discoveries in light therapy in Asia-Pacific stimulate the expansion of the cold laser therapy market in the Asia-Pacific. Europe has lucrative growth opportunities in the global cold laser therapy market owing to the rising adoption of cold lasers in pain management.

 

Segment Covered

The report on global cold laser therapy market covers segments such as product, application, and end-user. On the basis of product, the sub-markets include instruments, and accessories. On the basis of application, the sub-markets include dermatology, orthopedics, neurology, dentistry, laser acupuncture, and other applications. On the basis of end-user, the sub-markets include hospitals, specialty clinics, and home care.

 

Companies Profiled:

The report provides profiles of the companies in the market such as DJO Global, Inc., Meditech International, Inc., BTL Group, Apria Healthcare Group Inc., BioLight Technologies, LLC, Theralase Technologies, Inc., THOR Photomedicine Ltd., Erchonia Corporation, Irradia AB, Good Energies, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cold laser therapy market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

 


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