Semiconductor Laser Therapeutic Instrument Market Size, Share, Growth, and Industry Analysis By Type (Desk Type, Portable Type Other Types), By Application (Hospital, Dental Clinics Others) Regional Forecast From 2024 To 2031

Updated On: 22 April 2024

Semiconductor Laser Therapeutic Instrument Market Report Overview

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The global semiconductor laser therapeutic instrument market size was expected to be USD 2100 Million in 2021 & the market is projected to touch USD 3569 Million by 2031, exhibiting a CAGR of 5.9% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the semiconductor laser therapeutic instrument market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Semiconductor laser therapeutic instrument is a gadget that treats numerous medical diseases with laser light. Laser light can be used to remove tissue, eliminate cancer cells, and promote healing. Semiconductor laser therapeutic instruments, also known as low-level laser therapy (LLLT) devices or cool lasers, are medical devices that stimulate cellular activity and promote healing by utilising low-intensity laser or light-emitting diode (LED) technology. These tools are used for a variety of medicinal and therapeutic purposes, such as pain control, wound healing, tissue restoration, and dermatological treatments. Semiconductor Laser Therapeutic Equipment can be used to treat a variety of medical diseases, such as cancer, diabetes, arthritis, wounds, and burns.

COVID-19 Impact: Pandemic Effectuated the Emphasize and Up-veiled the Market Demand

The COVID-19 pandemic has had a substantial impact on the global economy on many levels, which is also seen in the healthcare sector. Even though the pandemic slowed market growth because to supply chain concerns, numerous suppliers are already developing novel 3D therapies that incorporate semiconductor lasers. Overall, the COVID-19 pandemic has created numerous chances for suppliers to offer new products and form strategic relationships in order to grow in the market.

LATEST TRENDS

"Advancements and Development Made in Drug-Free Treatment to Inflate the Market Share"

The market for semiconductor laser therapeutic equipment is expanding as non-invasive and drug-free treatment methods become more popular.  Due to technological breakthroughs in this field, semiconductor lasers are becoming increasingly compact and efficient. This is expected to enhance their usage for medical applications such as surgery and therapy, propelling the global semiconductor laser therapeutic equipment market throughout the forecast period. In addition, increased R&D activities on new laser technologies with higher energy efficiency are likely to promote this market sector in the next years.

Semiconductor Laser Therapeutic Instrument Market Segmentation

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• By Type

Based on type; the semiconductor laser therapeutic instrument market is divided into desk type, portable type and others.

The desk type is the leading part of the type segment.

• By Application

Based on the application; the semiconductor laser therapeutic instrument market is divided into hospital, dental clinics and others.

The part hospital is the leading type of the application segment.

DRIVING FACTORS

"Rising Prevalence of Chronic Diseases and Utilization in Surgeries to Advance the Market Share"

The increasing need for semiconductor lasers for surgical procedures such as ophthalmic, dermatological, and vascular operations can be ascribed to the expansion of this application. During the forecast period, the global semiconductor laser therapy equipment market is expected to develop at a CAGR of more than 7%. This is due to the growing demand for minimally invasive surgeries, which are less hazardous and cause less pain than standard surgeries. The increased prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disorders is also likely to help the global semiconductor laser therapy equipment market. This is due to the fact that many diseases necessitate long-term treatment, which semiconductor laser therapy devices can effectively supply.

"Rising Demand from Beauty Segment and Other Therapeutic Treatments to Drive the Market Growth"

Semiconductor laser therapeutic devices are used to relieve pain caused by illnesses such as arthritis, musculoskeletal traumas, and chronic pain syndromes. These gadgets can help to speed up healing and reduce inflammation in sports injuries and other musculoskeletal diseases. Because of the increasing usage of these devices in aesthetic procedures such as tattoo removal and skin rejuvenation, the beauty utilising sector is expected to increase significantly over the projected period. Semiconductor lasers are used to treat a variety of dermatological disorders, including acne therapy, scar reduction, and skin rejuvenation. They can aid in the healing of wounds, ulcers, and surgical incisions by encouraging cellular regeneration and tissue restoration. Some gadgets are sold to stimulate hair growth in cases of hair loss. There have been attempts to employ LLLT as part of smoking cessation programmes, though the usefulness of this application is still being contested.

RESTRAINING FACTORS

"The Potential Side Effects and Cost Considerations to Restrain the Market"

While semiconductor laser therapy is generally regarded as safe, there is the possibility of slight skin irritation, burns, or discomfort if not utilised carefully. It is critical to follow correct safety measures and recommendations in order to reduce these dangers. Semiconductor laser therapeutic tools can be expensive, depending on the type of device and the application. This may limit their access to specific patients or healthcare environments. Over the course of the forecast period, the aforementioned reasons are anticipated to constrain the semiconductor laser therapeutic instrument market growth.

Semiconductor Laser Therapeutic Instrument Market Regional Insights

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"North American Region to Lead the Market with Rising Prevalence of Chronic Diseases and Extensive Utilization"

North America led the market as a whole, accounting for a sizable percentage of global semiconductor laser therapeutic instrument market share. The quantity of key industry participants in the area, as well as the high frequency of new product releases, are the primary drivers of regional market expansion. In terms of revenue share, North America dominated the global market in 2019. Due to an increase in cases of back pain, cancer, and other conditions that require treatment with precision laser technology, the region is likely to maintain its dominance over the projection period. Furthermore, rising use of surgical treatments by orthopaedic physicians is fueling regional semiconductor laser therapeutic instrument market expansion.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

• LISA LASER (Germany)
• Veincare (U.K)
• Won tech (South Korea)
• FONA (U.S.A)
• PHYSIOMED (Germany)
• DEKA (U.K)
• Ningbo Huasheng Medical Devices (China)
• SUNDOM Medical (India)
• Wuhan HNC Technology (China).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments,  deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.