Cold Laser Therapy Market to hit US$ 161.3 Million by 2031, Coherent Market Insights - BioSpace

Growingapplications of cold laser therapy in areas such as orthopedics, dermatology,dentistry drives market growth. It helps in treating chronic pain, woundhealing, edema, muscle and joint pain. Non-invasive nature and absence of sideeffects also drives growth of cold laser therapy market. It helps in aestheticsapplications to reduce wrinkles, scarring, and treat skin conditions.

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Market Trends

Multi-wavelengthcold laser therapy is a key trend driving market growth. Multi-wavelengththerapy involves the use of multiple laser wavelengths and sources. It canboost microcirculation and cell metabolism more effectively. Another trendgaining traction is at-home use of cold laser therapy devices. This is due toself-administrable and easily accessible nature of these devices.

Cold LaserTherapy Market Report Coverage

Report Coverage

Details

Market Revenue in 2024

$118.1 million

Estimated Value by 2031

$161.3 million

Growth Rate

Poised to grow at a CAGR of 4.5%

Historical Data

2019–2023

Forecast Period

2024–2031

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Device Type, By Laser Type, By Application, By End User

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Growth Drivers

• Rising patient preference for non-invasive treatment procedures

• Growing applications across therapeutic areas

Restraints & Challenges

• Lack of adequate reimbursement policies

• Preference for conventional therapy methods

MarketOpportunities

The painmanagement application segment is expected to dominate cold laser therapymarket. This is due to non-invasive nature and no side effects property of coldlaser therapy. The wound healing segment is anticipated to witness the fastestgrowth during the forecast period. This is due to rising instances of venousleg ulcers and diabetic foot ulcers globally.

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Key MarketTakeaways

The global coldlaser therapy market is anticipated to witness a CAGR of 4.5% during theforecast period 2024-2031. This is owing to the rising geriatric population andincreasing prevalence of chronic pain.

On the basis ofdevice type, handheld devices segment is expected to hold a dominant position.This is owing to convenience of use and portability.

On the basis oflaser type, continuous laser segment holds the major market share. This is dueto its ability to treat large areas of the body.

On the basis ofapplication, pain management segment is expected to hold a dominant position.This is due to high success rate in reducing acute and chronic pain.

North America isexpected to hold a dominant position over the forecast period. This is due togrowing geriatric population, and availability of reimbursement in the region.

CompetitorInsights

- ZimmerMedizinSysteme GmbH

- ErchoniaCorporation

- LiteCure

- Multi RadianceMedical

- bioLifgttechnologies

- ShenzhenSinoriko technology Co.

RecentDevelopments

In April 2022,Acclaro Corporation launched revolutionary UltraClear system. Ultraclear systemprovides no downtime, painless therapy for skin disorders.

In December2020, DJO, LLC announced acquisition of LiteCure, LLC. The acquisition allowedDJO to expand its product portfolio in laser therapy.

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Detailed Segmentation-

By Device Type:

By Laser Type:

By Application:

By End User:

By Region:

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