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  • Published In : Apr 2024
  • Code : CMI6870
  • Pages :173
  • Formats :
      Excel and PDF
  • Industry : Biotechnology

Market Size and Trends

Global cold laser therapy market is estimated to be valued at USD 118.1 Mn in 2024 and is expected to reach USD 161.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

Cold Laser Therapy Market Key Factors

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Global cold laser therapy market growth is driven by rising incidences of musculoskeletal disorders and injuries. The demand for non-invasive treatment options for pain management is increasing. Cold laser therapy provides relief from joint pain, muscle strains and other conditions without any side effects. It helps to treat acute as well as chronic pain, and is being increasingly used in physiotherapy centres and clinics. Growing awareness about the benefits of cold laser therapy and rising geriatric population prone to orthopaedic complications boosts demand for cold laser devices in the near future.

Rising patient preference for non-invasive treatment procedures

Cold laser therapy has gained immense popularity as a preferred mode of treatment for various medical conditions due to its non-invasive nature. The therapy involves the application of low-level laser energy to the injury site, which accelerates the natural healing process of the body through photochemical reactions. It does not require any incision or surgery and allows for pain-free treatment sessions. Patients are increasingly opting for non-surgical alternatives due to the associated advantages like lower risks of complications, minimal post-treatment care requirements, faster recovery times and avoidance of hospital stays. Cold laser therapy addresses this rising demand by providing pain relief and therapeutic effects for injuries or afflictions like arthritis, muscle strains, tendonitis, and others without requiring intake of oral medications or complex procedures. This has made it a suitable replacement for several invasive therapies.

Market Concentration and Competitive Landscape

Cold Laser Therapy Market Concentration By Players

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Growing applications across therapeutic areas

Traditionally used for treating pain and inflammation, ongoing research has enabled its utility in a diverse range of medical disciplines. New therapeutic uses that are contributing to increasing relevance of cold laser therapy include wound healing, dental problems, lung disorders, erectile dysfunction and sports injuries. Multiple clinical trials have demonstrated its efficacy for improving symptoms, speeding recovery and replacing other expensive treatments in these areas. Its adoption is further propelled by the development of compact and multi-application devices that allow convenient home-based therapy.

Cold Laser Therapy Market Key Takeaways From Lead Analyst

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Market Challenges – Lack of adequate reimbursement policies

Global cold laser therapy market faces some challenges due to less awareness and adoption. As this therapeutic technique is relatively new, awareness among both healthcare providers and patients remains low. Many providers are hesitant to adopt cold laser due to lack of credibility evidence of its efficacy. Reimbursement policies vary significantly across regions and applications, creating financial barriers. Heavy investment is required for laser equipment and training, thus, restricting access in certain under-resourced geographies.

Market Opportunities – Growing prevalence of chronic conditions

Rising geriatric population and growing prevalence of chronic conditions is increasing the market for pain relief applications of cold laser therapy. Minimal side effects and non-invasiveness make it an attractive alternative to medications and surgeries. Ongoing clinical research validating more therapeutic applications would help address credibility issues. Favorable regulatory reforms improving reimbursement schemes can stimulate the market development over the forecasted period.

Cold Laser Therapy Market By Device Type

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Insights, By Device Type: Portability and ease of use boosts demand for handheld device

Device Type segment is sub-segmented into handheld devices and trolley mounted devices. Handheld devices segment is estimated to hold 53.8% share of the market in 2024. Being lightweight and compact in size, handheld devices can be easily carried and handled by both patients and therapists. This allows for cold laser therapy to be administered conveniently during home visits or while on-the-go. Unlike trolley mounted devices which are stationary, handheld devices offer therapists greater flexibility to target specific areas of the body. These are especially beneficial for treating smaller and delicate areas that may be difficult to access using larger devices. The intuitive designs of modern handheld devices also make them simple to operate for all types of users, without requiring technical expertise. This accessibility increases compliance for treatment regimens. Key players are additionally offering handheld devices with upgraded features such as different applicators and attachments, tailored for diverse therapy needs. These advantages of handheld devices have enabled their increased adoption over stationary alternatives for cold laser therapy.

Insights, By Laser Type: consistent energy flow drives preference for continuous laser systems

Laser Type segment is sub-segmented into continuous laser, pulse laser, and combination. Continuous laser  segment is expected to hold 47.8% of the market share in 2024. Continuous lasers function by emitting a steady laser beam for the entire duration of treatment without any fluctuations in output. This maintains a consistent energy level and allows for deeper tissue penetration compared to pulsed options. The continuous mode of operation also helps deliver more uniform energy doses to target tissues. This is advantageous as it can aid faster healing and relieve pain more effectively. Unlike pulsed lasers which may cause sensations of heat or pain from intermittent output, continuous systems provide soothing therapy experience for patients. Continuous lasers have gained especially strong popularity for dealing with chronic conditions that require long term management through recurrent sessions. Their reliability and ease of use over long periods without technical interruptions have made continuous lasers, the laser type of choice for both therapists and patients.

Insights, By Application: Growing demand for alternative pain management drug treatment

Application segment is sub-segmented into pain management, wound healing, skin rejuvenation, inflammation, and others. Pain management segment is expected to hold 37.6% of the market share in 2024. It is effective at targeting both acute and chronic pain conditions. Being non-invasive, cold laser provides a drug-free alternative to pharmacological pain management with little to no side effects. Its mechanisms of stimulating cellular activity, reducing inflammation, and increasing production of pain-relieving endorphins help alleviate multiple types of pain including lower back pain, joint pain, postoperative pain, and neuropathic pain. Growing awareness about the benefits of cold laser therapy for pain is driving its adoption. Ease of use further promotes patient compliance in regular home-based pain management regimens. These advantages have positioned cold laser therapy as a preferred first-line or adjunct treatment across clinical settings for various pain indications.

Regional Insights

Cold Laser Therapy Market Regional Insights

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North America has established itself as the dominant regional market for cold laser therapy globally and is projected to hold 41.7% of the market share in 2024. The U.S., in particular, has a highly developed healthcare infrastructure and rising awareness levels regarding the benefits of pain-free treatment options like cold laser therapy. Most of the leading industry players are headquartered in the US. .and have a strong hold in the regional market through extensive distribution networks across hospitals, physiotherapy clinics, sports medicine facilities and ambulatory surgical centers. Moreover, the presence of advanced research capabilities and frequent new product innovations being cleared by the U.S. FDA have enabled North American companies to consolidate their leadership position.

Asia Pacific has emerged as the fastest growing regional market for cold laser therapy in recent years. Rapid economic development and growing healthcare expenditures are driving higher investments towards modern medical technologies across developing countries like China and India. This has prompted global industry leaders to focus on Asia Pacific for market expansion through joint ventures and strategic partnerships with regional players. Local companies are also making significant R&D investments to indigenize manufacturing and gain a competitive foothold. Furthermore, rising medical tourism from developed nations is providing lucrative opportunities to hospitals and clinics in Asia to promote new therapies like cold laser.

Market Report Scope

Cold Laser Therapy Market Report Coverage

Report Coverage Details
Base Year: 2023 Market Size in 2024: US$ 118.1 Mn
Historical Data for: 2019 to 2023 Forecast Period: 2024 to 2031
Forecast Period 2024 to 2031 CAGR: 4.5% 2031 Value Projection: US$ 161.3 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Device Type: Handheld Devices and Trolley Mounted Devices
  • By Laser Type: Continuous Laser, Pulse Laser, Combination
  • By Application: Pain Management, Wound Healing, Skin Rejuvenation, Inflammation, Others
  • By End User: Hospitals, Specialty Clinics, Homecare Settings, Others 
Companies covered:

Zimmer MedizinSysteme GmbH, Erchonia Corporation, LiteCure, Multi Radiance Medical, BioLight Technologies, Shenzhen Sinoriko Technology Co., Limited, Lumina Group Inc., Theralase Inc., BTL, THOR Photomedicine Ltd, MICROLIGHT Corporation, Lexington International, LLC, BioLight Technologies LLC, DJO Global, Inc., BioFlex Laser Therapy, Aspen Laser Systems, K-Laser srl

Growth Drivers:
  • Rising patient preference for non-invasive treatment procedures
  • Growing applications across therapeutic areas 
Restraints & Challenges:
  • Lack of adequate reimbursement policies
  • Preference for conventional therapy methods

Key Developments

  • In April 2022, Acclaro Corporation, a medical equipment company, launched revolutionary UltraClear system. This innovative technology provides a no-downtime, painless therapy for a wide range of skin disorders including pigmentation, enlarged pores, fine lines, wrinkles, scars and acne scars, age spots, UV damage, textural irregularities, and overall complexion difficulties. It is suitable for all skin types, including darker skin types III through VI.
  • In December 2020, DJO, LLC, a leading global provider of medical technologies that help people get and stay mobile, announced the acquisition of LiteCure, the market leader in therapeutic laser technology for human and animal health. This acquisition strengthens DJO's position as the global market leader in recovery sciences, enabling the firm to provide unrivaled innovation to its customers and their patients.
  • *Definition: Cold Laser Therapy Market consists of companies that manufacture and sell medical devices used for cold laser therapy, also known as low-level laser therapy or light therapy. Cold laser therapy uses non-thermal lasers to stimulate injured or diseased tissue. It reduces inflammation, promotes healing of soft tissues, and relieves pain by stimulating cellular activity at the mitochondria level. Cold laser therapy is used to treat various conditions like arthritis, tendinitis, carpal tunnel syndrome, acoustic neuritis, and muscle spasms.

Market Segmentation

  • Device Type Insights (Revenue, USD Mn, 2019 - 2031)
    • Handheld Devices
    • Trolley Mounted Devices
  •  Laser Type Insights (Revenue, USD Mn, 2019 - 2031)
    • Continuous Laser
    • Pulse Laser
    • Combination
  •  Application Insights (Revenue, USD Mn, 2019 - 2031)
    • Pain Management
    • Wound Healing
    • Skin Rejuvenation
    • Inflammation
    • Others
  •  End User Insights (Revenue, USD Mn, 2019 - 2031)
    • Hospitals
    • Specialty Clinics
    • Homecare Settings
    • Others
  • Regional Insights (Revenue, USD Mn, 2019 - 2031)
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East
      • GCC
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • North Africa
      • Central Africa
  • Key Players Insights
    • Zimmer MedizinSysteme GmbH
    • Erchonia Corporation
    • LiteCure
    • Multi Radiance Medical
    • BioLight Technologies
    • Shenzhen Sinoriko Technology Co., Limited
    • Lumina Group Inc.
    • Theralase Inc.
    • BTL 
    • THOR Photomedicine Ltd
    • MICROLIGHT Corporation
    • Lexington International, LLC
    • BioLight Technologies LLC
    • DJO Global, Inc. 
    • BioFlex Laser Therapy
    • Aspen Laser Systems
    • THOR Photomedicine
    • K-Laser srl

Frequently Asked Questions

The CAGR of global cold laser therapy market is projected to be 4.5% from 2024 to 2031.

Rising patient preference for non-invasive treatment procedures and growing applications across therapeutic areas are the major factor driving the growth of global cold laser therapy market.

Lack of adequate reimbursement policies and preference for conventional therapy methods are the major factor hampering the growth of global cold laser therapy market.

In terms of device type, handheld devices segment is  estimated to dominate the market in 2024.

Zimmer MedizinSysteme GmbH, Erchonia Corporation, LiteCure, Multi Radiance Medical, BioLight Technologies, Shenzhen Sinoriko Technology Co., Limited, Lumina Group Inc., Theralase Inc., BTL, THOR Photomedicine Ltd, MICROLIGHT Corporation, Lexington International, LLC, BioLight Technologies LLC, DJO Global, Inc., BioFlex Laser Therapy, Aspen Laser Systems, THOR Photomedicine, K-Laser srl are the major players.

North America is expected to lead the global cold laser therapy market.

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