Published by mark itwired
Posted on September 28, 2021
5 min readLast updated: February 1, 2026
The laser therapy devices market is projected to grow significantly by 2031, driven by oncology and aesthetics treatments and a shift towards minimally invasive surgeries.
Future Market Insights’ (FMI) latest report on the global laser therapy devices market expects a healthy growth trend, reach a value of almost US$ 2 billion by 2022, registering a CAGR of around 4%. Long-term prospects also appear bright, with numerous large-scale investments underway to adopt laser treatment procedures, amid rising inclination towards minimally invasive surgeries.
As per FMI’s analysis, oncology and aesthetics treatment are expected to emerge as key growth engines, followed by ophthalmology applications. Furthermore, preference for low level laser therapy (LLLT) is expected to increase, prompting key manufacturers to introduce a slew of innovative laser therapy devices solutions in the long-run. In 2019, the US Food & Drug Administration approved the Erchonia FX 635, a LLLT device to address whole-body pain, reducing the incidence by nearly 50%.
According to the Cancer Atlas, there were an estimated 18.1 million active cases, with over 9 million cancer deaths in 2018. Additionally, nearly 44 million individuals persons living with cancer that same year who were diagnosed within the previous’ five years. It is projected that this burden is expected to rise by over 60% by 2040. Hence, credible progress is expected to be made in this regard.
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“Prominent laser therapy devices manufacturers are introducing portable handheld devices in order to enhance the comfort factor for surgeons while administering the appropriate treatment, improving patient outcomes and success rates,” says the FMI analyst.
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. are some prominent laser therapy devices manufacturers as profiled by FMI’s report. New product launches, capacity expansion initiatives and securing regulatory approvals for specific techniques are some key growth strategies.
In 2018, Hologic Inc. received a medical device license issued by Health Canada to market Cynosure’s advanced non-invasive body contouring product called SculpSure®, a laser treatment device for treating back, inner and outer thighs, and submental area under the chin. This approach destroys fat cells by raising body fat temperature.
Recently, in April 2021, Alma Lasers Ltd. launched the Alma PrimeXTM platform, a non-invasive approach for body contouring and skin tightening in the abdomen, waist, thighs and buttock areas. It deploys a combination of ultrasound and radiofrequency technologies.
In its latest report, FMI offers an unbiased analysis of the global laser therapy devices market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of device type (solid-state laser, gas laser, liquid laser and semiconductor laser), end-user (hospitals, ambulatory surgical centers, specialized clinics and other end-users), application (ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular and others) and region (North America, Latin America, Europe, Japan, APEJ and Middle East & Africa).
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The global laser therapy devices market is anticipated to experience credible gains through 2021, attributed to a shift towards minimally invasive yet high precision-based surgeries, with a high inclination towards low level laser therapy
Rising applicability across the oncology, aesthetics medicine and ophthalmology segments as well as the constant endeavor towards incorporating advanced therapeutic approaches by key healthcare settings are all anticipated to propel the laser therapy devices market growth forward
The US is anticipated to experience high growth, owing to growing emphasis to incorporate laser surgeries for ophthalmic procedures. Also, France is likely to emerge as a prominent manufacturing hub, given its apex position in healthcare research which is spawning numerous clinical and research studies for laser therapies
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. are some leading laser therapy devices market players
The post Laser Therapy Devices Market Comprehensive Shares, Historical Trends And Forecast By 2031 first appeared on Market Research Blog.
The article discusses the growth and trends in the laser therapy devices market, focusing on oncology and aesthetics treatments.
The market is growing due to increased demand for minimally invasive surgeries and advancements in laser therapy technologies.
The US and UK are experiencing high sales due to the popularity of low-level laser therapy (LLLT).
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