Replacement of Traditional Treatment Methods with Cold Laser Therapies to Boost Growth Rate, North America to Bring Immense Growth Opportunities for Cold Laser Therapy Market, Projects TMR

- The overwhelming popularity of cold laser therapy as a non-invasive pain management therapy may serve as a boon for the cold laser therapy market

- Various applications of cold laser therapy such as dentistry, neurology, and others may lead the market to expand at a CAGR of ~4% between 2019 and 2027

ALBANY, N.Y., Aug. 4, 2020 /PRNewswire/ -- The cold laser therapy market may experience increased demand from a plethora of end users such as hospitals, home care, and specialty clinics during the forecast period of 2019-2027. The replacement of traditional treatments with cold laser therapy may bring immense opportunities for increasing the growth rate of the cold laser therapy market.

The global cold laser therapy market was valued at ~US$ 94 mn in 2018 and is anticipated to reach ~US$ 134 mn in 2027. Transparency Market Research (TMR) analysts predict the global cold laser therapy market to expand at a CAGR of ~4% between 2019 and 2027.

The swelling number of cold laser therapy devices receiving regulatory approvals and the growing clinical research studies on cold therapies may bring tremendous opportunities for growth of the cold laser therapy market during the forecast period of 2019-2027.

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Cold Laser Therapy Market: From Experts Perspective

The analysts at Transparency Market Research point out the growing popularity of cold laser therapies as a drug-free treatment option for orthopedic diseases as the major growth indicator for the cold laser therapy market. The analysts also highlight the offering of personalized treatment plans to patients for reducing incidences of downtime post therapy as a significant aspect of growth.

The analysts advise the manufacturers in the cold laser therapy market for ramping up the research and development activities and create technologically sound devices to decrease side-effects in patients.

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Cold Laser Therapy Market: Facts and Figures

• The instruments segment had a large share of the cold laser therapy market in 2018 and is prognosticated to display the same share between 2019 and 2027
• Dentistry segment is forecast to expand at a high CAGR during 2019-2027
• The specialty clinics segment may emerge as a champion of growth in terms of end-user during the forecast period of 2019-2027
• North America may emerge as the highest growth-contributing region across the forecast period

Explore 199 pages of expansive research, cutting-edge insights, and detailed country projections. Analyze and discover the latest developments in the Cold Laser Therapy Market (Product: Instruments and Accessories; Application: Orthopedics, Dermatology, Dentistry, Neurology, Laser Acupuncture, and Others; and End User: Hospitals, Specialty Clinics, and Home Care) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/report-toc/68663

Cold Laser Therapy Market: Growth Accelerators

The growing prevalence of orthopedic diseases like osteoarthritis and rheumatoid arthritis is escalating the demand for cold laser therapies greatly. Technology is penetrating deep in the cold laser therapy and will prove to be a prominent growth booster for the cold laser therapy market.

• Technologies like wearable may serve as good growth generators for the market during the forecast period.
• Non-invasive therapies are garnering considerable traction as a preferred treatment method by a substantial populace and may prove to be a turning point for the growth of the cold laser therapy market.
• Ballooning investments in handheld lasers for reducing downtime post-laser therapy may bring immense growth prospects for the cold laser therapy market
• The broadening influence of cold laser therapies in treating inflammatory skin diseases such as atopic dermatitis and psoriasis may garner considerable growth for the cold laser therapy market
• Providing relief to people struggling with dental problems is a prominent application of cold therapy and may serve as a vital growth multiplier

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Cold Laser Therapy Market: Competitive Analysis

The cold laser therapy market has numerous players and hence, has a highly competitive landscape. Activities like mergers, acquisitions, joint ventures, collaborations, and partnerships help the players to expand their footprint and eventually sow the seeds of growth in the cold laser therapy market. Some major players in the cold laser therapy market are Meditech International, Inc., Erchonia Corporation, Theralase Technologies, Inc., BioLight Technologies LLC, THOR Photomedicine Ltd., Good Energies, Irradia, and Apira Science.

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Cold Laser Therapy Market: Segmentation

By Product

• Instruments
• Accessories

By Application

• Orthopedics
• Dermatology
• Dentistry
• Neurology
• Laser Acupuncture
• Others

By End User

• Hospitals
• Specialty Clinics
• Home Care

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Rheumatoid Arthritis Drugs Market: The global rheumatoid arthritis drugs market was valued at US$ 19597.43 mn in 2016. Taking into consideration the factors associated with the growth of the rheumatoid arthritis drugs market, it is anticipated to expand at a CAGR of 2.96% from 2018 to 2026. The use of rheumatoid arthritis drugs to decrease joint damage and enhance the overall body functioning may serve as great growth generators for the rheumatoid arthritis drugs market.

Wearable Medical Devices Market: The rapid growth of various industries such as remote patient monitoring devices and home healthcare are predicted to influence the global wearable medical devices market positively over the period of assessment. In addition to that, a growing focus of consumers on health and fitness has led to efforts toward leading a healthy lifestyle are anticipated to fuel growth of the market in the years to come.

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