Exclusive Overview by MarketResearchFuture.com of Global Laser Therapy Market Research Report 2018 to 2023, with respect to region specific market growth and competitive analysis on the basis of major players present in the market. Detail analysis on possible segments and sub segments of the market. Provide country level analysis of the market with respect to the current market size and future prospective.
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Laser Therapy Market – Overview
Laser Therapy is a method of treatment that has come to the fore recently as a minimally invasive method of treatment for various forms of illnesses. According to Market Research Future, a firm specializing in markets reports for the healthcare domain among others stated in a recently published report on ‘Laser Therapy Market Research Report- Global Forecast till 2023’ that the market for laser therapy is expected to grow to $ 9.97 billion by the end of 2023, this sector is projected to be growing at a CAGR of 9.2 % during 2018-2023.
Laser therapy recently has been effortlessly applied to the treatment of various painful and debilitating conditions. Due to the accelerated pace of development in the healthcare sector, lasers have been witnessing a demand surge due to the preference of patients to have minimally invasive techniques for their treatment. Laser therapy’s applications for removal of kidney stones, tumors, prostrate, vision correction etc. have had a positive influence on further expanding the demand potential of the sector. Importance of aesthetic appeal in society has boosted the demand for laser procedures in terms of skin procedures, hair removal and tattoo removal to name a few.
Latest Industry Updates:
Nov 2017 Capillus, LLC has introduced its newest laser therapy cap for treatment of pattern hair loss, the CapillusRX™, to hair-restoration physicians at an exhibition which was held in Kyoto, Japan.
Apr 2017 Syneron Medical Ltd a global non-surgical aesthetic device company, and Apax Partners, a leading global private equity advisory firm have announced a definitive agreement under which an affiliate of funds advised by Apax Partners will acquire all of the outstanding shares of Syneron Candela for $11.00 per share in cash in a transaction valued at approximately $397 million. Syneron Candela’s acquisition is said to have placed Apax Partners very well positioned to capture this opportunity, with its highly diversified geographic footprint, broad and market-leading products portfolio, exceptional R&D capabilities and cutting-edge technology.
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Key players profiled in the report are Angiodynamics, Inc., Syneron Candela, Biolase Inc., Photomedex, Inc., Lumenis Ltd., Bausch & Lomb Holdings, Inc. Some of the other prominent players profiled are IRIDEX Corp., Spectranetics Corporation, Cutera, Alma Lasers, Iridex Corp. and others.
Laser Therapy Market – Segments
The global laser therapy market is segmented on the basis of type and applications and regions:
On The Basis Of Type: Diode Laser, Solid State Laser, Gas Lasers and Others
On The Basis Of Applications: Ophthalmology, Urology, Dermatology & Aesthetics, Gynecology, Dentistry, Medical Imaging, Oncology, Others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Laser Therapy Market – Regional Analysis
US accounts for the maximum market share due to favorable reimbursement scenarios and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global laser therapy. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is the fastest growing region because of large unmet needs which is led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions and poor healthcare penetration.
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