Europe Laser Therapy Market
Published On: Sep 2020
Published On: Sep 2020
Consistent Developments in Laser Therapies to Provide Growth Opportunities in the Laser Therapy Market
According to a new market research study of ‘Europe Laser Therapy Market to 2027 – Regional Analysis and Forecasts by Type, Application, and End User,’ the Europe laser therapy market is expected to reach US$ 1,067.56 million in 2027 from US$ 523.92 million in 2019. The market is estimated to grow with a CAGR of 9.4% from 2020-2027. The report provides trends prevailing in the Europe laser therapy market and the factors driving market along with those that act as hindrances.
In 2016, the advancements in laser technology have enabled the use of infrared spectroscopy that uses IR lasers to treat cancer. IR laser can be used to detect the benign marks and actual melanomas at an early stage. Thus, determining cancer at an early stage will assist in providing effective treatment for cancer patients. The recent years have witnessed increasing shift of patients from time consuming more complicated invasive procedures to minimally invasive and non-invasive procedures for aesthetic applications. The sales for laser therapy devices have spurred owing to rapid growth in the end-use applications of these devices that include wrinkle removal, hair removal, vision correction and benign prostatic hyperplasia. The technological advancements in laser techniques have led to a plethora of applications in the field of healthcare. Thus, the continuous developments in laser technology are likely to serve wider growth opportunities for the market during the forecast period.
The market is expected to witness a substantial growth due to driving factors such as rising medical applications of laser therapy and launch of new products in the market. However, the high costs associated with the laser therapy and devices are expected to hinder the market growth
biolitec Group, BTL, Meditech International, Inc. (BIOFLEX Laser Therapy), Boston Scientific Corporation and Baring Private Equity Asia Ltd (Lumenis) are some of the leading companies operating in the Europe laser therapy market.
The report segments Europe Laser Therapy Market as follows:
Europe Laser Therapy Market– By Type
Europe Laser Therapy Market– By Application
Europe Laser Therapy Market – By End User
Europe Laser Therapy Market– By Geography
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
