The Global Laser Therapy Market is expected to grow at a CAGR of 9.2% during the forecast period 2018-2023.
Laser therapy is a non-invasive medical treatment that uses light of a specific wavelength to treat multiple diseases. Laser therapy is most commonly used to remove tumors or precancerous growths, remove kidney stones, repair a detached retina, treat hair loss, and various cancers. Laser treatment is also used to seal nerve endings after surgery, lymph vessels to reduce swelling, and blood vessels to help prevent blood loss. Lasers have become an essential part of the ophthalmology. In laser-based ophthalmology, a beam of light reshapes the cornea, thereby improves the corneal focusing.
It can also be used to create a channel to relieve the intraocular pressure of glaucoma or cauterize tiny hemorrhages. Commonly used lasers in ophthalmology are Nd: YAG LASER, excimer LASER, femtosecond LASER, and others. Increasing prevalence of the diseases like cataract and arthritis is the major driver for the market growth. According to the National Eye Institute, the number of people in the U.S. with cataract is expected to double from 24.4 million in 2010 to 50 million by 2050.
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Moreover, in 2015, National Eye Institute stated that more than half of the Americans suffer from a cataract related problems in their life span. Moreover, growing demand for aesthetics and rising geriatric population followed by increasing demand for non-invasive procedures will boost the market growth. However, high procedural cost will restrain the market growth during the forecast period.
The key players for the global laser therapy market are
- Angiodynamics Inc. (U.S.),
- Biolase Inc. (U.S.),
- Valeant (Canada),
- IRIDEX Corp. (U.S.),
- Cutera (U.S.),
- Coherent, Inc. (U.S.),
- Alma Lasers (Israel)
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.
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1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
3 Research Methodology
3.1.1 Primary Research Methodology
3.1.2 Secondary Research Methodology
3.1.3 Market Share Analysis
3.1.4 Trade Analysis
3.1.5 Market Pricing Approach
4 Market Dynamics
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