Cold Laser Therapy Market – Global Industry Analysis and Forecast (2023-2029)

Cold Laser Therapy Market size was valued at US$ 109.95 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 4% through 2023 to 2029, reaching nearly US$ 144.69 Mn.
Cold Laser Therapy Market Overview:
Because the low amounts of light aren't adequate to heat your body's tissue, the approach is called "cold" laser therapy. When compared to other types of laser therapy, such as those used to remove tumours and coagulate tissue, the level of light is minimal. Cold laser treatment is used by doctors, dentists, physical therapists, and other medical professionals in a variety of ways. Tissue healing and pain and inflammation relief are two of the most prevalent uses of cold laser therapy.

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Cold Laser Therapy Market Dynamics:
Consumers are being attracted to undergo aesthetic cosmetic operations by the growing trend of having flawless skin and the growing impact of social media. Cosmetic surgery demand is increasing among the elderly, who are actively seeking procedures to remove wrinkles, fine lines, flaccid skin, and other issues. Complete skin rejuvenation treatments are becoming increasingly popular since they correct uneven skin tones, eliminate apparent rosacea, and sun damage while also minimising small wrinkles. As a result of the increased interest in improving aesthetics, the market for cold laser therapy is quickly increasing.

To get a competitive edge, market companies are focusing on producing technologically sophisticated and novel products by investing in research and development (R&D) operations. Biotechnology firms' increased R&D spending is creating significant development prospects for industry players. The growth of the market is expected to be boosted by the improvement and streamlining of regulatory processes in emerging economies. During the forecast period, companies that focus on collaborating with third parties for the promotion and distribution of their approved products are expected to see a surge in demand for cold laser therapy.
Cold Laser Therapy Market Segment Analysis:
The Cold Laser Therapy Market is segmented by Product, Technology, Application, and End User.

Based on the Product, the market is segmented into Continuous Laser Devices, Pulse Laser Devices, and Combination Laser Devices. Continuous Laser Devices segment is expected to hold the largest market shares of xx% by 2029. In 2022, Continuous Laser Devices segment held the largest market share of 57%. Because it functions with consistent or continuous output power and high data conveyance limitations, the segment's growth can be ascribed to technical improvement.

Short laser pulses have shown incapable of sublimating materials with any degree of efficiency, but continuous wave lasers have proven superior in terms of stability and power output. Despite the fact that chirped pulse amplification (CPA) has mostly solved this problem, the reliability of continuous wave lasers for operation periods ranging from a few microseconds to many weeks still makes them a feasible alternative for industrial applications.

Based on the Application, the market is segmented into Pain Management, Arthritis, Wound Healing, Nerve Regeneration, Dermatology, Musculoskeletal, and Others. Dermatology segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Because of the effect of mainstream and social media on beauty standards, the use of cold laser therapy equipment in dermatology is at its peak. As people of all ages become more concerned about their looks, a growing number of aesthetic cosmetic treatments are being documented around the world.
Regional Insights:
North America region is expected to dominate the market during the forecast period 2023-2029. North America region is expected to hold the largest market shares of xx% by 2029. The United States is expected to account for nearly 92% of North American sales in 2022. The rise in the prevalence of chronic pain and the rising incidence of numerous skin disorders are driving the country's dominance. Furthermore, the presence of some of the major market players in the United States, who are continually investing in innovation, will assist to the market's growth in the United States.

Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. In 2022, Germany held the largest market share of over 24.3% in Europe. Broad medical applications, increased product launches, technological improvements, and increasing awareness of cold laser therapy are driving market growth in the Europe region.

Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The rising incidence of chronic pain, rising demand for aesthetic operations, and the deployment of cold laser therapy devices in home care settings are all contribute to the market's growth in the Asia Pacific region. Companies doing business in China are concentrating on new product releases and FDA approval, which is helping to drive market growth.

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PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the global market dynamic, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
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 Cold Laser Therapy Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 109.95 Mn.


Forecast Period 2023 to 2029 CAGR:
4%
Market Size in 2029:
US $ 144.69 Mn.


 Segments Covered:
by Product
Continuous Laser Devices
Pulse Laser Devices
Combination Laser Devices


by Technology
Single Wavelength Cold Laser Therapy Devices
Multiple Wavelength Cold Laser Therapy Devices


by Application
Pain Management
Arthritis
Wound Healing
Nerve Regeneration
Dermatology
Musculoskeletal
Others


by End-User
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Homecare Settings



Cold Laser Therapy Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. THOR Photomedicine Ltd.
2. Erchonia Corporation
3. Theralase Technologies, Inc.
4. BioLight Technologies LLC
5. Apira Science
6. Meditech International, Inc.
7. DJO Global, Inc.
8. BTL
9. Good Energies
10. Irradia
11. B-Cure laser Australia
12. Boston Scientific Corporation
13. CryoLife, Inc.
14. Ellex Medical Lasers Ltd.
15. Lumenis Ltd.
16. Novartis AG
17. Quantumpm

Frequently Asked Questions:

1] What segments are covered in Cold Laser Therapy Market report?
Ans. The segments covered in Cold Laser Therapy Market report are based on Product, Technology, Application, and End User.

2] Which region is expected to held the highest share in the Cold Laser Therapy Market?
Ans. North America is expected to held the highest share in the Cold Laser Therapy Market.

3] Who are the top key players in the Cold Laser Therapy Market?
Ans. THOR Photomedicine Ltd., Erchonia Corporation, Theralase Technologies, Inc., BioLight Technologies LLC, Apira Science, and Meditech International, Inc. are the top key players in the Cold Laser Therapy Market.

4] Which segment holds the largest market share in the Cold Laser Therapy market by 2029?
Ans. Continuous Laser Devices segment held the largest market share in the Cold Laser Therapy market by 2029.

5] What is the market size of the Cold Laser Therapy market by 2029?
Ans. The market size of the Cold Laser Therapy market is expected to reach US $ 144.69 Mn. by 2029.

6] What was the market size of the Cold Laser Therapy market in 2022?
Ans. The market size of the Cold Laser Therapy market was worth US $ 109.95 Mn. in 2022.