COLD LASER THERAPY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global cold laser therapy market is estimated to be valued at USD 118.1 Mn in 2024, and is expected to exhibit a CAGR of 4.5% during the forecast period (2024-2031). Cold laser therapy, also known as low-level laser therapy (LLLT), is a form of light therapy that uses non-thermal lasers to target tissue injuries, diseases, and pain. It involves applying low-power, non-thermal lasers or light-emitting diodes to the surface of the body to aid in healing and reduce inflammation, swelling, and pain. The light energy emitted during cold laser therapy is absorbed by tissues, thus, aiding in cellular function and tissue healing through a photochemical effect rather than heat. It has gained popularity as a complementary treatment for various conditions like arthritis, tendonitis, carpal tunnel syndrome and wound healing.

Market Dynamics:

Rising prevalence of musculoskeletal disorders, sports injuries, and chronic pain conditions globally is a key factor boosting adoption of cold laser therapy. Growing geriatric population vulnerable to osteoarthritis and joint disorders also boosts the market growth. Other factors such as increasing awareness regarding benefits of non-invasive pain and injury management, favorable reimbursement for cold therapy procedures, ongoing development of advanced laser devices are driving the market growth. However, high costs associated with cold laser devices, lack of skilled professionals to operate laser equipment, and inadequate clinical evidence for many therapeutic applications can hamper the market growth. Emergence of home-use cold laser therapy devices presents lucrative opportunities by improving accessibility and convenience.

Key Features of the Study:

• This report provides in-depth analysis of the global cold laser therapy market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cold laser therapy market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes Zimmer MedizinSysteme GmbH, Erchonia Corporation, LiteCure, Multi Radiance Medical, BioLight Technologies, Shenzhen Sinoriko Technology Co., Limited, Lumina Group Inc., Theralase Inc., BTL, THOR Photomedicine Ltd, MICROLIGHT Corporation, Lexington International, LLC, BioLight Technologies LLC, DJO Global, Inc., BioFlex Laser Therapy, Aspen Laser Systems, and K-Laser srl
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global cold laser therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cold laser therapy market

Detailed Segmentation-

• Device Type:
• • Handheld Devices
  • Trolley Mounted Devices
• Laser Type:
• • Continuous Laser
  • Pulse Laser
  • Combination
• Application:
• • Pain Management
  • Wound Healing
  • Skin Rejuvenation
  • Inflammation
  • Others
• End User:
• • Hospitals
  • Specialty Clinics
  • Homecare Settings
  • Others
• Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • Zimmer MedizinSysteme GmbH
  • Erchonia Corporation
  • LiteCure
  • Multi Radiance Medical
  • BioLight Technologies
  • Shenzhen Sinoriko Technology Co., Limited
  • Lumina Group Inc.
  • Theralase Inc.
  • BTL 
  • THOR Photomedicine Ltd
  • MICROLIGHT Corporation
  • Lexington International, LLC
  • BioLight Technologies LLC
  • DJO Global, Inc. 
  • BioFlex Laser Therapy
  • Aspen Laser Systems
  • K-Laser srl