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Photostimulation Lasers Market Size
Photostimulation Lasers Market size is projected to expand at substantial CAGR from 2024 to 2032 due to the increasing demand for non-invasive medical and aesthetic procedures, particularly in dermatology and ophthalmology. The growing focus on precise and targeted treatments is leading to rapid advancements in laser technology and the development of portable and user-friendly devices. The convergence of laser technology with neuroscience applications and continuous research in neurology are also driving product innovations.
Additionally, the rising prevalence of musculoskeletal conditions, such as low back pain, osteoarthritis, fractures, and neck pain is making way for higher awareness and preference for photostimulation lasers in the medical field. According to a new study by The Lancet, nearly 1 billion people are projected to suffer from osteoarthritis by 2050. Similarly, the burden of knee osteoarthritis will increase by almost 75% during the same year.
According to a report published by Flinders University, the number of individuals living with other muscuskeletal disabilities is projected to increase to 1.06 billion by 2050, up from 464 million. This growing prevalence of diseases will fuel the product demand in the coming years. However, limited awareness, high initial costs, and safety concerns associated with laser technologies may restrain the market development to some extent.
Photostimulation Lasers Market Trends
The increasing application scope of photostimulation lasers in medical and aesthetic procedures, such as dermatology and ophthalmology will drive the industry gains. Technological advancements, including the development of compact and portable laser devices, are making way for enhanced product accessibility and usability. Furthermore, the growing demand for non-invasive and precise treatment options along with the rising research and investment in neuroscience and neurology applications will push the adoption of photostimulation lasers. The convergence of laser technology with other medical fields, coupled with the exploration of novel therapeutic applications will also present opportunities for innovation, further shaping the market outlook.
Photostimulation Lasers Market Analysis
Based on modality, the portable photostimulation lasers industry is estimated to rise at significant growth rate from 2024 to 2032, owing to the increasing demand for on-the-go medical and aesthetic procedures. Technological advancements in compact and user-friendly designs is increasing the adoption of portable lasers. Moreover, the growing preference for non-invasive and convenient solutions in various medical applications, such as dermatology and pain management will favor the segment expansion.
Photostimulation lasers market share from the musculoskeletal application segment is expected to witness substantial progress through 2032, owing to the growing prevalence of Myofascial Trigger Points (MTrPs) worldwide. The inconsistent success rates of several invasive and non-invasive methods are leading to the development of new techniques in photomedicine using coherent light sources (lasers). Furthermore, the rising expansion of low-level laser therapy techniques for the treatment of orthopedic disorders, such as musculoskeletal pain is expected to positively influence the segment growth.
Regionally, the North America photostimulation lasers industry size is projected to expand at noteworthy pace between 2024 and 2032, due to increasing adoption in medical and aesthetic applications, including dermatology and ophthalmology. The rising awareness about non-invasive treatment options is prompting advancements in laser technology in the region. Additionally, the robust R&D initiatives coupled with high healthcare expenditure are driving innovations in photostimulation lasers. The higher demand for precise and effective medical procedures will escalate the product demand in the region.
Photostimulation Lasers Market Share
Key companies in the photostimulation lasers industry are adopting various inorganic strategies, such as mergers and acquisitions, product launches and partnerships to gain a competitive edge in the market. For instance, Chattanooga International has emerged as one of the largest global manufacturers of rehabilitation equipment for addressing musculoskeletal, neurological, and soft tissue disorders.
Some of the major photostimulation lasers companies are:
- GymnaUniphy
- RIKTAMED
- BTL International
- Mettler Electronics
- Elettronica Pagani
- Zimmer MedizinSysteme
- EMS Physio
- Astar
- Chattanooga International
Photostimulation Lasers Industry News:
- In October 2023, Oxford Instruments Andor Technology, a global leader in scientific imaging solutions, unveiled MicroPoint 4, an advanced photo-stimulation device for optical manipulation of a wide range of microscopic specimens from life and materials sciences.