The sales in the global photostimulation lasers market are anticipated to project growth at a CAGR of 4% to 5% during the forecast period 2022-2032. Surging usage across numerous applications such as neurovascular, dental, musculoskeletal, and others are estimated to augment the demand for photostimulation lasers in the global market.
| Report Attribute | Details |
| Photostimulation Lasers Market Projected Growth Rate (2022-2032) | 4% to 5% CAGR |
Photostimulation is a medical procedure where light is used to activate the biological compounds artificially, including cells, tissues, and even a good portion of the body organ. Photostimulation lasers play a vital role in the medical procedure for triggering responsive delivery systems such as liposomes, nanoparticles, dendrimers, and others, conjugated into a light-sensitive chemical group to control drug release.
The photostimulation includes suitable probes for various biological processes and a workstation where the light is produced. Hence, increasing patient inclination toward adopting photostimulation processes, owing to its non-invasive nature, is expected to accelerate the sales of photostimulation lasers in the global market.
The prevalence of musculoskeletal conditions such as fibromyalgia, tendonitis, lower back pain, rheumatoid arthritis, and many others are rising at a rapid pace across the globe, resulting in fueling the demand for associated treatment solutions and procedures.
For instance, according to the World Health Organization (WHO), around 1.71 Bn people across the world were reported to be suffering from musculoskeletal conditions in the year 2021. Photostimulation lasers make use of light instead of electrical stimulations which permits greater spatial, is less invasive, and offers temporal flexibility & specificity.
Attributed to this, photostimulation lasers are finding a wide range of applications for the treatment of musculoskeletal conditions. Hence, growing burden of such conditions is estimated to create lucrative growth opportunities in the global photostimulation lasers market.
Despite a number of advantages associated with the use of photostimulation lasers, factors such as extravagant cost of portable lasers and high cost of installation, and maintenance of fixed tabletop photostimulation lasers are hindering the sales in the market.
In addition to this, variation in the regulatory policies across different regions and stringent standards for approval of novel products are creating challenges for market players, thereby, restraining the growth in the photostimulation lasers market.
As the FMI, North America is expected to register robust growth in the global photostimulation lasers market during the forecast period 2022-2032.
Photostimulation lasers are extensively used in medical procedures such as photobiomodulation, light therapy, and others. Hence, rising patient inclination towards adopting these therapeutics procedures is augmenting the demand in North America.
Citing this trend, key companies are aiming at launching new products to cater to this growing demand. For instance, in 2022, Coherent Inc., a U.S-based manufacturer of laser equipment and components announced the introduction of its new product, Monaco 1300, which is integrated with 2P photo-stimulation and 3P imaging sources for medical photostimulation procedures. A slew of such new product launches is estimated to bolster the sales in the North America market.
Western Europe is anticipated to account for a significant share in the global photostimulation lasers market from 2022 to 2032, states Future Market Insights.
There is a swift increase in the burden of diseases and conditions related to the neurovascular, dental, musculoskeletal, and others across the countries such as the U.K. and Germany, creating strong demand for assistive equipments for treatment procedures such as photostimulation lasers.
Photostimulation lasers are gaining huge popularity across the medical sector, owing to the growing wide range of application starting from muscle relaxation in arms & legs for sports athletes to complex circuits of the vertebrate brain. This, in addition to increasing customer preference towards adoption of non-invasive procedures and growing use for activating proteins such as rhodopsin and uncaging glutamate which is light-sensitive, is projected to facilitate the sales in the Western Europe market.
Some of the leading players in the photostimulation lasers market are Elettronica Pagani, Coherent Inc., EMS Physio, GymnaUniphy N.V., Chattanooga International, RIKTAMED, BTL International, MedizinSysteme, Dornier MedTech GmbH, Wontech Co., Ltd., and others.
Prominent players in the global photostimulation lasers market are focusing at introducing novel products and entering into collaboration, partnership, and acquisition to gain edge in the highly competitive market.
| Report Attribute | Details |
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the sales of photostimulation lasers in the market is expected to rise at 4% to 5% value CAGR by 2032
The global photostimulation lasers market is expected to be dominated by North America over the forecast period 2022-2032.
Elettronica Pagani, Coherent Inc., EMS Physio, GymnaUniphy N.V., Chattanooga International, RIKTAMED, BTL International, MedizinSysteme, Dornier MedTech GmbH, Wontech Co., Ltd., and others are some of the leading players in the prominent photostimulation lasers market.
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