Laser therapy is a therapeutic treatment that utilizes concentrated light for medical procedures. In contrast to most light sources, light from a laser is tuned to particular wavelengths. Minimally invasive medical devices have changed surgical procedures by eliminating or shortening hospital stays, speeding recovery times, decreasing the size of incisions and improving overall patient outcomes. There is a consistent increase in the number of minimally invasive procedures. Minimally invasive laser therapy devices are used for various different applications in oncology, dermatology, ENT etc. Minimally invasive laser therapy devices are highly preferred for neonatal patients and is also popular for cosmetic purposes as it least damages the skin. According to the annual plastic surgery procedural statistics, approximately 15.9 million minimally-invasive and surgical cosmetic procedures were performed in 2015 in the United States; giving a 2% increase over 2014.
Minimally Invasive Laser Therapy Devices Market: Drivers and Restraints-
Growing popularity of cosmetic procedures; increase in number of laser procedures; growing shift towards minimally invasive surgeries are three major factors that are expected to boost market growth for minimally invasive laser therapy devices during the forecast period. Increased prevalence of skin related disorders like actinic keratosis, warts, acnes and growing awareness on advantages of minimally invasive laser therapy devices over invasive therapy devices are also expected to contribute to the growth of minimally invasive laser therapy devices market during the forecast period. Whereas, high prices associated to these procedures might hinder market growth. Less availability and less awareness on novel technologies related to minimally invasive laser therapy devices also could hamper the market growth for minimally invasive laser therapy devices market during the forecast period.
Minimally Invasive Laser Therapy Devices Market: Overview
The technological shift of medical procedures and constant exponential development in technologies for medical procedures have profited the market. This has led to surgeries and procedures getting minimally invasive thus, requiring less healing time and imposing lower risk to practitioners and patients alike. Low level minimally invasive laser therapy devices are highly preferred due to less exposure of laser light to the body thus, having less side effects like swelling or redness. Minimally invasive laser therapy devices are highly being used for cosmetic purposes. Number of plastic surgeries performed globally have increased drastically, contributing to the market growth for minimally invasive laser therapy devices. Growing number of healthcare facilities like cosmetic clinics and ophthalmic clinics owing it to increased government support and funding are also extensively contributing to the market growth.
Minimally Invasive Laser Therapy Devices Market: Region-wise Outlook
Geography wise, Minimally Invasive Laser Therapy Devices market is divided into eight regions viz. North-America, Asia- Pacific excluding China & Japan, China, Japan, Western Europe, Eastern Europe, Latin America and Middle-East & Africa. North America’s Minimally Invasive Laser Therapy Devices market is expanding because of growing popularity of minimally laser therapy devices and it will remain dominant over the period of forecast due to growing need of treating patients using minimally invasive techniques. Rise in incidence of dermatology, eye and dental related ailments also contributes to the share in the region. Europe’s Minimally Invasive Laser Therapy Devices market is also expected to grow at a significant rate due to increased healthcare expenditure and increased acceptance of these novel laser techniques. Asia-Pacific’s Minimally Invasive Laser Therapy Devices market is anticipated to grow at a decent rate due to low availability of minimally invasive laser therapy devices.
Minimally Invasive Laser Therapy Devices Market: Key Market Participants
Some of the market participants in the Global Minimally Invasive Laser Therapy Devices market identified across the value chain include: TE Connectivity, BTL, Boston Scientific Corporation, Medtronic, Wytech Industries, Inc., Norwood Medical, Freudenberg Medical and Cynosure.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Minimally Invasive Laser Therapy Devices Market: Segmentation
On the basis of Product type, Minimally Invasive Laser Therapy Devices Market can be segmented as:
- Low level Minimally Invasive Laser Therapy Devices
- High Level Minimally Invasive Laser Therapy Devices
On the basis of Modality, Minimally Invasive Laser Therapy Devices Market can be segmented as:
- Portable Minimally Invasive Laser Therapy Devices
- Stand-alone Minimally Invasive Laser Therapy Devices
On the basis of Applications, Minimally Invasive Laser Therapy Devices Market can be segmented as:
- Gastroenterology and Endoscopy
On the basis of end users, Minimally Invasive Laser Therapy Devices Market can be segmented as:
- Skin Care Service Centers
- Ophthalmic Clinics
- Dental Clinics
On the basis of geography, Minimally Invasive Laser Therapy Devices Market can be segmented as:
- North- America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding China & Japan
- Middle East and Africa
- Latin America
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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