The Cold Laser Therapy Market was worth US$ 350 Million in 2019 and is expected to grow at a CAGR of 6.6% through 2030.
The traditional methods of pain management are getting an efficient replacement options such as cold laser therapy, also known as low level laser therapy. The practitioners, therapists and chiropractors have found a cost efficient solution for treating chronic and acute pain cases. The omnipresence of sedentary lifestyle has escalated the incidences of musculoskeletal pain. Almost one third of the United States population suffers from musculoskeletal pain especially in the lower back, neck and shoulder areas. The cold lase therapy proves to be an effective solution for such patients.
A wide range of applications right from sports injury to arthritis gets treated with the help of cold laser therapy. It is one of the preferred modalities across buyers. Hospitals, solo clinic and home care are the three braid categories of buyers of various modalities such as cold laser therapy. The highest volume sales of cold laser therapy devices is generated by solo clinic buyers. Solo clinic operators deal with space constraint and the portability of these devices helps the practitioners to make an easy decision. The misconception associated with laser therapy across patients is addressed by the device manufacturers of cold laser therapy devices as well as physical and occupational therapists. Population suffering from skin disorders is more aware than before and prepared to receive the best available treatment. Cold laser therapy is a result driven solution and hence, the choice of dermatologists.
Asia Pacific contributed a dominating share to the global Cold Laser Therapy Market in terms of value and volume in 2019 and is expected to be a dominating geography throughout the forecast period. Increased number of musculoskeletal pain cases and spread of awareness related to them is expected to drive the growth of cold laser therapy across the region. Australia dominated the regional demand and is anticipated to grow at a healthy rate during the forecast period. North America and Europe regions are equally geared to accept cold laser therapy.
Cold Laser Therapy Market Value Share Analysis, by Geography (2021)
The report titled “Cold Laser Therapy Market- Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Cold Laser Therapy Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Cold Laser Therapy Market is segmented on the basis of Product type, application, buyer and geography. Based on product type, the global Cold Laser Therapy Market is segmented into devices and accessories. Based on application the global Cold Laser Therapy Market is segmented into orthopedics, dentistry, dermatology, neurology and others. Based on buyer the global Cold Laser Therapy Market is segmented into hospitals, solo clinic and home care. Based on geography, the global Cold Laser Therapy Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, , Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on cold laser therapy. Further, market share of prominent companies in the global Cold Laser Therapy Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the cold laser therapy device companies. The global Cold Laser Therapy Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the cold laser therapy business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Cold Laser Therapy Market.
Major players active in the global Cold Laser Therapy Market include BTL, Apira Science , BioLight Technologies LLC, Erchonia Corporation, Good Energies, Irradia, Meditech International, Inc., Theralase Technologies, Inc., THOR Photomedicine Ltd.
Cold Laser Therapy Market Segmentation:
By Product type
By Application
By Buyer
By Geography
Increased number of musculoskeletal pain cases and spread of awareness related to them is expected to drive the growth of cold laser therapy
The global cold laser therapy market is estimated to exhibit a CAGR of 6.6% through 2032.
Asia Pacific contributed a dominating share to the global Cold Laser Therapy Market in terms of value & volume and is expected to be a dominating geography throughout the forecast period.
The cold laser therapy Market was worth US$ 350 Million in 2019.
Hospitals, solo clinic and home care are the three braid categories of buyers of various modalities such as cold laser therapy. The highest volume sales of cold laser therapy devices is generated by solo clinic buyers. Solo clinic operators deal with space constraint and the portability of these devices helps the practitioners to make an easy decision.
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