Laser Therapy Market Research Report, By Type (Diode Lasers, Solid State Lasers, Gas Lasers, Dye Lasers, and others), By Application (Dermatology and Aesthetics, Surgery, Dental, Urology, Ophthalmology, and others) - Global Forecast from 2017 to 2023
Market Research Future (MRFR) anticipates strong CAGR of 9.2% in the global Laser Therapy Devices Market over the forecast period of 2017-2023. The expansion of the global laser therapy is the result of various market dynamics, out of which, the surging prevalence of diseases such as cataract and arthritis bears profound weightage. Laser therapy is the standard line of treatment in cases of cataract. Laser-based ophthalmology is highly preferred over other methods of treatment. YAG LASER, excimer LASER, femtosecond LASER, and others are the most commonly used lasers in ophthalmology. The widespread prevalence of cataract, as well as arthritis, promote the growth of the global laser therapy market. Expanding base of old population complements this factor since the elderly populace is more prone to acquiring diseases such as arthritis and cataract which induces additional demand for laser therapy.
Heightened demand for minimally-invasive and non-invasive procedures is a major drive behind the growth of the market. Consumers are highly inclined towards medical procedures which do not involve incisions and cuts. Additionally, laser therapy is extensively used in dermatology and cosmetology. Skyrocketing demand for aesthetics also encourages the growth of the global laser therapy market. Use of laser therapy in dentistry is also a key market influencer. On the contrary, the growth of the global laser therapy market might be impeded by high costs associated with laser therapy.
Segmentation
The global laser therapy market has been segmented based on type and application.
By type, the global laser therapy market has been segmented into diode lasers, solid state lasers, gas lasers, dye lasers, and others.
By application, the global laser therapy market has been segmented into surgery, dermatology and aesthetics, dental, and others. The surgery segment is further segmented into urology, ophthalmology, and others.
Regional Analysis
The Americas, Asia Pacific (APAC), Europe, and The Middle East & Africa (MEA) are the key markets for laser therapy.
The Americas is at the forefront of the global laser therapy market. A robust healthcare sector, high expenditure on healthcare, and widespread prevalence of chronic diseases in the region spur the growth of the global laser therapy market. In addition, the regions propensity to incorporate new and advanced technologies in the healthcare sector acts as a plus for the growth of the market. Other factors boosting the growth of the Americas market include growth in a number of aged populace and the presence of key players in the region.
Europe holds the second most significant share of the global laser therapy market. The region invests substantially in R&D activities which coupled with the availability of funds creates a conducive environment for the growth of the laser therapy market in Europe. A broad base of the patient population, well-developed healthcare sector, and high government support contribute to the growth of the market.
APAC is the fastest growing market for laser therapy. Expanding patient pool, development of the healthcare sector in the developing countries of China and India present growth opportunities to the APAC market. Also, increased affordability due to rising disposable income, government endeavors towards the modernization of the healthcare sector are other boosting factors.
The MEA market is likely to exhibit the least share of the global laser therapy market. Limited availability of healthcare facilities, lack of funds, and lack of awareness and dearth of skilled medical professionals constrain the growth of the market over the forecast period, especially in the Africa region. The Middle East accounts for the foremost share of the MEA market and is driven by high healthcare expenditure in the region.
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Competitive Landscape
The key players in the global laser therapy market include Biolase Inc. (U.S.), Alma Lasers (Israel), Cutera (U.S.), IRIDEX Corp. (U.S.), Valeant (Canada), Coherent, Inc. (U.S.), and Angiodynamics, Inc. (U.S.).
Industry Updates
In December 2018, TRUMPF GmbH, a company involved in laser technology, announced the acquisition of Photonics GmbH from Philips. Through the acquisition, TRUMPF intends to expand its foothold in the growing markets in the photonics and digital products sectors.
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Market Research Future (MRFR) anticipates strong CAGR of 9.2% in the global laser therapy market over the forecast period of 2017-2023.
Laser therapy is the standard line of treatment in cases of cataract.Laser-based ophthalmology is highly preferred over other methods of treatment.
YAG LASER, excimer LASER, femtosecond LASER, and others are the most commonly used lasers in ophthalmology.
Consumers are highly inclined towards medical procedures which do not involve incisions and cuts.
On the contrary, the growth of the global laser therapy market might be impeded by high costs associated with laser therapy.Get Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/3812 Competitive Landscape The key players in the global laser therapy market include Biolase Inc. (U.S.), Alma Lasers (Israel), Cutera (U.S.), IRIDEX Corp. (U.S.), Valeant (Canada), Coherent, Inc. (U.S.), and Angiodynamics, Inc. (U.S.).SegmentationThe global laser therapy market has been segmented based on type and application.By Type, the global laser therapy market has been segmented into diode lasers, solid state lasers, gas lasers, dye lasers, and others.By Application, the global laser therapy market has been segmented into surgery, dermatology and aesthetics, dental, and others.
A robust healthcare sector, high expenditure on healthcare, and widespread prevalence of chronic diseases in the region spur the growth of the global laser therapy market.
Industry 4.0 Global Market - OverviewThe trend itself, turned out to be one of the most highly growing market covering each and every sector in it.
Industry 4.0 refers to fourth industrial revolution.
The industrial revolution started from mechanization, like in oil rigs, water power and steam power, to second industrial revolution, including the assembly line and mass production, to the third industrial revolution, including computer and automation and the fourth industrial revolution to physical cyber systems.Certain factors like advancement in robotics and artificial intelligence, sensors, cloud computing, data analytics and software as a service are some of the factors that drive the growth of the global Industry 4.0 Market.
Another factor actors contributing to the growth of the market are evolution of cloud computing technologies, technological advancements in electronics industry, implementation of smart factory concept & factory automation technologies and government initiatives by different countries across the globe, majorly in Asia Pacific and Europe.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2375Key PlayersThe prominent players in the Industry 4.0 Market are – Bosch Rexroth AG (Germany), Maschinenfabrik Reinhausen GmbH (Germany), SAS (U.S.), Siemens AG (Germany), Wittenstein AG (Germany), General Electric Company (U.S.), Daimler AG (Germany), Klöckner & Co.
SE (Germany), TRUMPF GmbH (Germany), Festo AG & Co. KG (Germany), Wittenstein AG (Germany) among others.Industry 4.0 Global Market - SegmentationSegmentation by Technology: Cloud Computing, IOT platform, Augmented reality, Location detection technology, advanced human machine interfaces, big data analytics, smart sensors, 3D printers, mobile devices..Segmentation by Application: Industrial Automation, smart factory, industrial internet of things (IIoT).Segmentation by End users: Industrial manufacturing, Oil & gas, Construction, Aerospace & defence, Electronics, Automotive, Transportation, Chemical, Pharmaceuticals, Mining & metals, Food & beverages.Industry 4.0 Global Market - Regional AnalysisThe geographical analysis of the Industry 4.0 market covers regions like North America, Europe, Asia Pacific and the rest of the world.
And with the impact of industry 4.0 on Aerospace & defence, the companies are going to be affected in a positive way and therefore many enterprises can capture the market in smart manufacturing and industrial automation.
OverviewUnified Communication as a Service Market resembles a service model that allows providers to deliver different applications associated with communications and telecom.
All of it is done over the global IP network.
As the trend associated with mobility and implementation of BYOD (Bring Your Own Device) is gaining popularity, the demands for continuous service-oriented support is also increasing.
Even though there is exceptional growth in this market, poor internet and security hassles are what might impact the growth potential of this market and make it challenging for the key players.
The regional analysis explains the growth prospects of this market across diverse regions of the globe.
The market size of global unified communication as a service market was larger in the previous forecast period, but with the increased demands in the past few years, the projected market size is even higher in the present forecast period.
Data Quality Tool MarketThe data quality tool system solutions enables organizations for better understanding of customer needs, improving the quality of service, future predictions and business growth.
The tools are increasingly implemented in support of data quality improvement initiatives.
Increasing usage of external data sources and the growing volume of business data are the the factors boosting the growth of the data quality tool market.Data Quality Tool MarketAccording to Market Research Future, market has been segmented into component, data type, deployment, organization size, vertical and region.On the basis of deployment, the market has been bifurcated into on-demand and on-premises.
Out of these deployment, on-demand accounted for the largest market share majorly due to cost benefits and speed of deployment.
However, on-premises segment is expected to boost the market over the forecast period, 2017–2023.
The reason is attributed to increasing number of large enterprises which require storage of data and security concerns.On the basis of region, the market has been segmented into North-America, Europe, Asia-Pacific and Rest of the world.
The increasing prevalence of cancer globally and its low outcome due to current treatment methods can drive the use of this method.
The global cancer biological therapy market report by Market Research Future (MRFR) focuses on pertinent market dynamics for the period of 2017 to 2023 (forecast period).
The outbreak of the COVID-19 virus and its impact on the industry during the forecast period has been assesses as well.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/566Market ScopeThe global cancer biological therapy market size is anticipated to reach a value of USD 82,276.8 million by 2023.
The market is driven by the establishment of cancer treatment facilities, preference for biological therapy, and huge prevalence of cancer cases.
According to a study in the Economist, an average Lebanese smoked close to 2,379 cigarettes.
The outbreak of the COVID-19 virus can pose a risk to cancer patients and drive the need for therapy method.
The global cross laminated timber (CLT) market depicts the presence of a highly fragmented and competitive vendor landscape, notes Transparency Market Research on the basis of a newly published report.
Most companies are focusing on facilitating product differentiation and expanding their product portfolios in the global cross laminated timber (CLT) market.
On the basis of product, the adhesive bonded CLT segment leads the global cross laminated timber (CLT) market.
This is mainly due to a prolific rise in the number of residential buildings being constructed where such adhesive is used in high proportion.
This is mainly due to the fact that the CLT material can serve as a useful alternative to other products that might be manufactured from environment polluting processes.
Moreover, with increasing encouragement from several governments to utilize renewable materials for construction, the global cross laminated timber (CLT) market could witness immense expansion in the next few years.
