GITNUX MARKETDATA REPORT 2024

Laser Therapy Industry Statistics

The global laser therapy industry is expected to experience significant growth due to increasing demand for non-invasive medical treatments and technological advancements.

In this post, we will explore key statistics and trends shaping the global laser therapy industry. From market values and growth projections to regional market shares and application segments, these data points provide valuable insights into the evolving landscape of laser therapy technologies and their various applications across different sectors.

Statistic 1

"The global laser therapy market was valued at USD 1.09 billion in 2018."

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Statistic 2

"The laser therapy market is anticipated to expand at a CAGR of 15.3% during the forecast period of 2021-2026."

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Statistic 3

"The North American region holds the largest market share of the global laser therapy market, accounting for 39% in 2018."

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Statistic 4

"Tariffs could negatively impact the laser therapy market, potentially causing a revenue loss of $75 million per year in the U.S."

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Statistic 5

"Asia-Pacific is expected to witness the fastest growth in the laser therapy market, with a projected CAGR of 12.5% from 2021 to 2028."

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Statistic 6

"Diode lasers hold the largest share in the laser therapy market, with about 38.46% of the market."

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Statistic 7

"The dermatology and aesthetics application holds the largest market share in the laser therapy market, constituting around 30% of the total revenue."

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Statistic 8

"The surgical application of laser therapy is expected to register the fastest growth, with a CAGR of 8.2% from 2019 to 2026."

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Statistic 9

"Cold laser therapy devices were the fastest-growing product segment, with a CAGR of 5.3% over the period from 2016 to 2024."

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Statistic 10

"The Middle East and Africa are predicted to increase their market share in the laser therapy market to 5.4% in 2026, up from 4.6% in 2017."

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Statistic 11

"The Low-Level Laser Therapy (LLLT) market is expected to reach $3,514 million by 2026."

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Statistic 12

"The market value of carbon dioxide lasers in the laser therapy market was $192.9 million in 2018 and is forecasted to reach $369.4 million by 2026."

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Statistic 13

"Ophthalmic surgery is the second-largest application segment in the laser therapy market, with a market share of 22%."

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Statistic 14

"The dental sector of laser therapy is projected to hold a market value of $234.6 million by 2026."

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Statistic 15

"YAG lasers are forecasted to grow at a CAGR of 5.3% in the global laser therapy market."

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Statistic 16

"Europe is expected to hold a market share of 29.7% in the global laser therapy market by 2026."

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Statistic 17

"The medical aesthetics market, which heavily utilizes laser therapy, is expected to be worth $13.9 billion by 2021."

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Statistic 18

"The veterinary laser therapy market is forecasted to reach $327 million by 2027."

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Statistic 19

"The global medical laser systems market could reach $2.2 Billion by 2021."

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Statistic 20

"The market for solid-state lasers in the global laser therapy industry was valued at $311.2 million in 2018."

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In conclusion, the global laser therapy market is experiencing significant growth, with various regions and applications driving the market forward. The North American region currently holds the largest market share, while Asia-Pacific is expected to witness the fastest growth. Different types of lasers, such as diode lasers and YAG lasers, dominate specific market segments, showcasing the diverse applications and technologies within the industry. Additionally, the market is forecasted to expand further in sectors like surgical and veterinary laser therapy, indicating a promising future for the industry as a whole. With advancements in technology and increasing adoption across various sectors, the laser therapy market is set to continue its upward trajectory in the coming years.

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