Market Overview:
The global minimally invasive laser therapy device market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in minimally invasive laser therapy devices. Based on type, the global minimally invasive laser therapy device market is segmented into portable minimally invasive laser therapy devices and stand-alone minimally invasive laser therapy devices.
Product Definition:
A minimally invasive laser therapy device is a medical device that uses laser energy to treat various medical conditions. The importance of minimally invasive laser therapy devices is that they provide an alternative to traditional surgery for the treatment of many medical conditions.
Portable Minimally Invasive Laser Therapy Devices:
The global Portable Minimally Invasive Laser Therapy (PMLT) Devices, it's usage and growth factor in the market for Minimally Invasive Laser Therapy (MILBT) Device market size was valued at USD 4.2 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Stand-alone Minimally Invasive Laser Therapy Devices:
Minimally invasive laser therapy devices are used for treating a variety of conditions such as wrinkles, acne scars, and stretch marks. These devices can also be used to treat skin damage due to sun exposure or burn injuries. Stand-alone minimally invasive laser therapy device market is witnessing growth at a rapid pace owing to the increasing demand for noninvasive treatment options by patients with various skin disorders across the globe.
Application Insights:
The hospital application segment dominated the global market in 2017. The rising prevalence of chronic diseases, such as diabetes and obesity, is expected to contribute toward the largest share of this segment over the forecast period. In addition, increasing investments by governments for developing healthcare infrastructure are likely to benefit this segment growth over the forecast period.
The clinic application segment is anticipated to witness significant growth during the study period owing to an increase in demand for non-invasive treatment options that do not require any surgery or invasive procedures. Moreover, minimally invasive laser therapy devices help reduce pain and allow patients return back home faster than before without any residual pain or stiffness after treatment completion. This factor is expected to drive product demand during future years.
Others include corporate wellness centers.
Regional Analysis:
North America dominated the global market in 2017 owing to increasing prevalence of skin-cancer and other disorders, presence of well-established healthcare facilities, and availability of skilled professionals using minimally invasive laser therapy devices. Moreover, growing adoption by patients due to ease in use is expected to drive the regional demand for MLLT devices during the forecast period.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to rising incidences associated with cancer and other diseases leading cause mortality rate which can be reduced by early diagnosis provided through MLLT procedures. Presence of a large number of companies engaged in developing advanced technologies for minimally invasive surgeries are also contributing towards regional growth. In addition, increasing awareness regarding benefits offered by these therapies is further propelling demand across this region.
Growth Factors:
- Increasing demand for minimally invasive laser therapy devices due to their advantages over traditional surgical procedures.
- Growing number of people suffering from chronic diseases such as cancer, obesity, and diabetes who can benefit from minimally invasive laser therapy devices.
- Technological advancements in minimally invasive laser therapy devices that make them more efficient and safer for use.
- Rising awareness about the benefits of minimally invasive laser therapy among healthcare professionals and patients alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Minimally Invasive Laser Therapy Device Market Research Report
By Type
Portable Minimally Invasive Laser Therapy Devices, Stand-alone Minimally Invasive Laser Therapy Devices
By Application
Hospital, Clinic, Others
By Companies
TE Connectivity, BTL, Boston Scientific, Medtronic, Wytech Industries, NOK Group, Cynosure, LiteCure, Biolitec, Aspen Laser
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Minimally Invasive Laser Therapy Device Market Report Segments:
The global Minimally Invasive Laser Therapy Device market is segmented on the basis of:
Types
Portable Minimally Invasive Laser Therapy Devices, Stand-alone Minimally Invasive Laser Therapy Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TE Connectivity
- BTL
- Boston Scientific
- Medtronic
- Wytech Industries
- NOK Group
- Cynosure
- LiteCure
- Biolitec
- Aspen Laser
Highlights of The Minimally Invasive Laser Therapy Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Minimally Invasive Laser Therapy Devices
- Stand-alone Minimally Invasive Laser Therapy Devices
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Minimally Invasive Laser Therapy Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A minimally invasive laser therapy device is a small, portable device that uses lasers to treat various medical conditions. The devices are often used to treat pain, inflammation, and other symptoms of diseases.
Some of the major players in the minimally invasive laser therapy device market are TE Connectivity, BTL, Boston Scientific, Medtronic, Wytech Industries, NOK Group, Cynosure, LiteCure, Biolitec, Aspen Laser.
The minimally invasive laser therapy device market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Minimally Invasive Laser Therapy Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Minimally Invasive Laser Therapy Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Minimally Invasive Laser Therapy Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Minimally Invasive Laser Therapy Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Minimally Invasive Laser Therapy Device Market Size & Forecast, 2020-2028
4.5.1 Minimally Invasive Laser Therapy Device Market Size and Y-o-Y Growth
4.5.2 Minimally Invasive Laser Therapy Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable Minimally Invasive Laser Therapy Devices
5.2.2 Stand-alone Minimally Invasive Laser Therapy Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Minimally Invasive Laser Therapy Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Minimally Invasive Laser Therapy Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable Minimally Invasive Laser Therapy Devices
9.6.2 Stand-alone Minimally Invasive Laser Therapy Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable Minimally Invasive Laser Therapy Devices
10.6.2 Stand-alone Minimally Invasive Laser Therapy Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable Minimally Invasive Laser Therapy Devices
11.6.2 Stand-alone Minimally Invasive Laser Therapy Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable Minimally Invasive Laser Therapy Devices
12.6.2 Stand-alone Minimally Invasive Laser Therapy Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable Minimally Invasive Laser Therapy Devices
13.6.2 Stand-alone Minimally Invasive Laser Therapy Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Minimally Invasive Laser Therapy Device Market: Competitive Dashboard
14.2 Global Minimally Invasive Laser Therapy Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TE Connectivity
14.3.2 BTL
14.3.3 Boston Scientific
14.3.4 Medtronic
14.3.5 Wytech Industries
14.3.6 NOK Group
14.3.7 Cynosure
14.3.8 LiteCure
14.3.9 Biolitec
14.3.10 Aspen Laser
