An Incisive, In-depth Analysis on the Laser Therapy Devices Market
This study offers a comprehensive, 360 degree analysis on the Laser Therapy Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Laser Therapy Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Medical lasers are sources of focussed light with precision and are used to treat different types of tissues found in the body. Due to the properties of laser light, which has a specific wavelength in a narrow beam, it creates a kind of high intensity light. Due to the cutting-edge innovations in the laser therapy, various types of lasers are being used to treat a variety of medical conditions, and this has proved to be a boon for the medical industry. Some of the application areas of laser therapy include in the areas of cosmetic dermatology for the resurfacing of the skin, revision of scars and removal of tattoos. Besides, laser therapy is also used in lithotripsy, treatment of cancer, in surgeries to treat tissues, ophthalmology and dermatology. The increasing number of diseases related to the growing geriatric population is one of the major drivers of the laser therapy devices market. In addition, there are a rising number of people using advanced laser based treatments for aesthetics treatment and this is also contributing to the market growth. Increasing disposable incomes and demand for laser treatment in emerging economies serve as lucrative opportunities in this market. However, strict safety regulations may hamper market growth of laser therapy devices.
According to the assessment of Future Market Insights, the global laser therapy devices market is forecasted to reach a figure of about US$ 1,900 Mn in 2022 and is poised to exhibit a moderate CAGR in the period of assessment.
North America Market Set to Dominate the Global Laser Therapy Devices Market in Terms of Revenue
The market in North America is set to dominate the global laser therapy devices market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America laser therapy devices market is the most attractive market, growing at a moderate CAGR over the forecast period.
Solid-State Laser Segment Slated to Touch a Value of More Than US$ 600 Mn in 2022
According to the projections of Future Market Insights, the solid-state laser segment is expected to reach a value of more than US$ 600 Mn in the year 2022. This signifies a sluggish CAGR during the forecast period of 2017-2022. The solid-state laser segment is estimated to account for more than one-third of the revenue share of the device type segment by the end of the year 2017 and is expected to lose market share by 2022 over 2017.
Hospitals End User Segment to Exhibit a CAGR of More Than 4% During the Assessment Period
According to the assessment of Future Market Insights, the hospitals end user segment is poised to touch a figure of about US$ 420 Mn in the year 2022. This signifies a CAGR of more than 4% during the assessment period from 2017 till the year 2022. The hospitals end user segment is estimated to account for more than one-fifth of the revenue share of the end user segment by the end of the year 2017 and is projected to gain market share by 2022 over 2017.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global laser therapy devices market through 2022, which include Boston Scientific Corporation, IPG Photonics Corporation, Lumenis Ltd., Coherent, Inc., Biolitec AG, Hologic Inc., Alma Lasers, Ltd., Fotona d.d., Danaher Corporation and Thermo Fisher Scientific, Inc.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Future Market Insights
Introduction
Future Market Insights delivers yet another unbiased, comprehensive and insightful report titled ‘Laser Therapy Devices Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)’. In this report, the global laser therapy devices market is explored in great detail, and the market dynamics of the global laser therapy devices market has been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global laser therapy devices market. Besides, competition landscape of the global laser therapy devices market is also covered in this report, giving information about the key companies operating in the global laser therapy devices market.
Report Structure
In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global laser therapy devices market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.
In the introduction section, the laser therapy devices market is defined in detail so that the report readers are clear about the scope of this market.
The next section of the report gives information on the key dynamics of the laser therapy devices market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global laser therapy devices market. An analysis on the market presence of key participants (intensity map) is also offered in this section.
Market Segmentation
The next part of the report consists of the global laser therapy devices market analysis and forecast by device type, end user, application and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global laser therapy devices market is also analysed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
Competition Landscape
The last section of the report contains the competition landscape, where leading market players operating in the global laser therapy devices market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global laser therapy devices market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global laser therapy devices market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.
Research Methodology
The report on the global laser therapy devices market is backed by an exhaustive research methodology that relies on both primary and secondary research to gain all the necessary insights into the global laser therapy devices market. This report is validated several times by the team of diverse, expert analysts of Future Market Insights using proprietary tools so that it can be used as an authoritative source by the esteemed clients of Future Market Insights.
Market Taxonomy
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