COLD LASER THERAPY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global cold laser therapy market is estimated to be valued at USD 118.1 Mn in 2024, and is expected to exhibit a CAGR of 4.5% during the forecast period (2024-2031). Cold laser therapy, also known as low-level laser therapy (LLLT), is a form of light therapy that uses non-thermal lasers to target tissue injuries, diseases, and pain. It involves applying low-power, non-thermal lasers or light-emitting diodes to the surface of the body to aid in healing and reduce inflammation, swelling, and pain. The light energy emitted during cold laser therapy is absorbed by tissues, thus, aiding in cellular function and tissue healing through a photochemical effect rather than heat. It has gained popularity as a complementary treatment for various conditions like arthritis, tendonitis, carpal tunnel syndrome and wound healing.
Market Dynamics:
Rising prevalence of musculoskeletal disorders, sports injuries, and chronic pain conditions globally is a key factor boosting adoption of cold laser therapy. Growing geriatric population vulnerable to osteoarthritis and joint disorders also boosts the market growth. Other factors such as increasing awareness regarding benefits of non-invasive pain and injury management, favorable reimbursement for cold therapy procedures, ongoing development of advanced laser devices are driving the market growth. However, high costs associated with cold laser devices, lack of skilled professionals to operate laser equipment, and inadequate clinical evidence for many therapeutic applications can hamper the market growth. Emergence of home-use cold laser therapy devices presents lucrative opportunities by improving accessibility and convenience.
Key Features of the Study:
Detailed Segmentation-
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