The Global Laser Therapy Market is expected to grow at a CAGR of 9.2% during the forecast period 2018-2023.
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)
Laser Therapy is a non-obtrusive medicinal treatment that utilizations light of a particular wavelength to treat various sicknesses. Laser Therapy is most usually used to evacuate tumors or precancerous developments, expel kidney stones, repair a confined retina, treat male pattern baldness, and different diseases. Laser Therapy is likewise used to seal nerve endings after surgery, lymph vessels to decrease swelling, and veins to help forestall blood misfortune.
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Lasers have turned into a basic piece of the ophthalmology. In laser-based ophthalmology, a light emission reshapes the cornea, in this way enhances the corneal centering. It can likewise be utilized to make a channel to mitigate the intraocular weight of glaucoma or sear small hemorrhages. Usually utilized lasers in ophthalmology are ND: YAG LASER, excimer LASER, femtosecond LASER, and others.
Expanding commonness of the maladies like waterfall and joint pain is the real driver for the market development. As indicated by the National Eye Institute, the quantity of individuals in the U.S. with waterfall is relied upon to twofold from 24.4 million of every 2010 to 50 million by 2050. Besides, in 2015, National Eye Institute expressed that the greater part of the Americans experience the ill effects of a waterfall related issues in their life expectancy. Besides, developing interest for style and rising geriatric populace took after by expanding interest for non-obtrusive strategies will support the market development. Be that as it may, high procedural cost will control the market development amid the forecast period.
The Americas dominate the global laser therapy market owing to a large patient population, strong government support for research & development, high healthcare spending, and growing geriatric population. In 2015, according to the Centres for Disease Control and Prevention, in the U.S. the total healthcare expenditure accounted for 17.8% of the total gross domestic product (GDP), which accounted for USD 3.2 trillion.
Europe is the second leading region in the global laser therapy market, which is followed by Asia Pacific. Asia Pacific is the fastest growing market for laser therapy. According to the Royal National Institute of Blind People in 2016, the number of people living with sight loss are expected to reach 2.7 million by 2030 due to possible cases of refractive error, cataract, glaucoma, and others.
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The presence of a huge patient population and continuously developing economies like India and China boosts the market growth within the region. Moreover, growing geriatric population within the region fuels the market growth. According to a study conducted by International Journal of Advanced Medical and Health Research in 2015, in India, the prevalence of blindness was 1.1%, the principal cause being cataract, affecting over 9 million people accounting for 62.6%.
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
List of Figures
Figure 1 Global Laser Therapy Market by Application, 2016 (%)
Figure 2 Global Laser Therapy Market by Application, 2016 (%)
Figure 3 Global Laser Therapy: Market Structure
Figure 4 Research Methodology
Figure 5 Porters Five Forces Model: Global Laser Therapy Market
Figure 6 Value Chain: Global Laser Therapy Market
Figure 7 Global Laser Therapy Market, By Type, 2016 & 2023 (USD Million)
Figure 8 Global Laser Therapy Market, By Application, 2016 & 2023 (USD Million)
Figure 9 Global Laser Therapy Market, By Region, 2016 & 2023 (USD Million)
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