Global Cold Laser Therapy Market Overview
Cold Laser Therapy Market Size was valued at USD 0.125 Billion in 2022. The Cold Laser Therapy market industry is projected to grow from USD 13.8 Billion in 2023 to USD 16.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2024 - 2032). The aging population, the desire for complementary and alternative medicine, and the use of non-invasive therapies are the key market drivers fueling the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cold Laser Therapy Market Trends
- Expanding Use of Non-Invasive Treatments is driving the market growth
Market CAGR for Cold Laser Therapy is being driven by an expanding use of non-invasive treatments. The growing acceptance of Cold Laser Therapy is driven by patients' preference for non-invasive medical treatments, as it provides therapeutic benefits without requiring pharmacological or surgical interventions. This modality is appealing to both patients and medical professionals because it can effectively treat a wide range of medical conditions while reducing the risks, discomfort, and recovery periods associated with invasive alternatives. The non-invasive nature of cold laser therapy is in line with the modern focus on patient comfort, faster recovery, and fewer side effects, which makes it a desirable option in the changing field of healthcare solutions. This pattern is a reflection of a larger movement in medicine toward less invasive but still successful treatments.
Treatment efficacy is being revolutionized by ongoing technological advancements in Cold Laser Therapy. As a result of these forward-thinking advancements, medical devices become increasingly complex, accurate, and adaptable, allowing them to successfully treat a wider range of medical conditions. The development of laser systems enables targeted and optimal therapeutic outcomes, meeting a range of medical requirements. Cold laser therapy's therapeutic potential has been enhanced by technological advancements, providing both patients and practitioners with a more comprehensive and sophisticated approach to treating conditions ranging from musculoskeletal problems to dermatological issues. As a result, the therapy is becoming increasingly popular in a variety of medical fields.
The number of people 50 years of age and older who have at least one chronic illness is predicted to rise from 71.522 million in 2020 to 142.66 million in 2050, a 99.5% increase. Simultaneously, it is anticipated that the number of people with multimorbidity will rise from 7.8304 million in 2020 to 14.968 million in 2050, a 91.16% increase. Based on race, by 2050, non-Hispanic whites (64.6%), non-Hispanic blacks (61.47%), and Hispanics and other races (64.5%) are likely to have one or more chronic conditions. Growing numbers of people are suffering from long-term illnesses like inflammatory diseases and musculoskeletal disorders, which drives up demand for non-invasive, efficient Cold Laser Therapy. Thus, driving the Cold Laser Therapy market revenue.
Cold Laser Therapy Market Segment Insights
Cold Laser Therapy Product Insights
The Cold Laser Therapy market segmentation, based on Product includes Continuous Laser Devices, Pulse Laser Devices, and Combination Laser Devices. The Continuous Laser Devices segment dominated the market, accounting for 55% of market revenue (0.068 Billion). The constant laser energy stimulates blood flow and the lymphatic system to help reduce swelling and inflammation. Pulsed laser energy also acts as an analgesic in the treated area by blocking pain signals from the brain. Additionally, therapy efficacy can be increased by scanning continuous laser devices to provide tissue exposure time that results in a tissue effect akin to pulsed lasers.
Cold Laser Therapy Technology Insights
The Cold Laser Therapy market segmentation, based on Technology includes Single Wavelength Cold Laser Therapy Devices, Multiple Wavelength Cold Laser Therapy Devices. The Single Wavelength Cold Laser Therapy Devices segment dominated the market, accounting for 67% of market revenue. The stimulation of tissues subjected to single wavelength cold laser therapy results in increased ATP production and, consequently, greater cellular energy, which in turn facilitates numerous biological responses, such as pain management, inflammation reduction, scar tissue reduction, increased cell metabolism, improved vascular activity, and accelerated healing.
Cold Laser Therapy Application Insights
The Cold Laser Therapy market segmentation, based on Applications includes Pain Management, Arthritis, Wound Healing, Nerve Regeneration, Dermatology, and Others. The dermatology segment dominated the market, accounting for 38% of market revenue. Cold laser therapy is a non-invasive procedure because it doesn't require surgery. Laser therapy can be used to treat the following medical, dermatological, and aesthetic conditions: It reduces wrinkles, fine lines, and dark circles; it eliminates moles, birthmarks, sunspots, warts, and more; and it concentrates on dermatitis and pattern baldness as the causes of hair loss.
Figure 1: Cold Laser Therapy Market, by Application, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cold Laser Therapy Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Cold Laser Therapy market area will dominate this market. With a large revenue share and strong growth prospects through the analysis period. North America is predicted to lead the cold laser therapy market. The primary factors contributing to the region's notable expansion are the increased incidence of chronic pain linked to various ailments among North American citizens and the widespread use of cold lasers in pain management and sports injuries in medical facilities. Regional growth will also be accelerated by the increasing partnerships and acquisitions among major cold laser companies to launch cutting-edge products in North America.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: COLD LASER THERAPY MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Cold Laser Therapy market accounts for the second-largest market share due to its non-invasiveness, demonstrated efficacy in treating a range of medical conditions, and patients' growing preference for non-pharmacological, alternative treatment options, cold laser therapy is rapidly expanding throughout Europe. Further, the German Cold Laser Therapy market held the largest market share, and the UK Cold Laser Therapy market was the fastest-growing market in the European region
The Asia-Pacific Cold Laser Therapy Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to its non-invasive nature, ability to treat a wide range of conditions, and rising demand for complementary and alternative healthcare options in the Asia Pacific area, cold laser therapy is expanding quickly in this region. Moreover, China’s Cold Laser Therapy market held the largest market share, and the Indian Cold Laser Therapy market was the fastest-growing market in the Asia-Pacific region.
Cold Laser Therapy Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Cold Laser Therapy market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Cold Laser Therapy industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Cold Laser Therapy industry to benefit clients and increase the market sector. In recent years, the Cold Laser Therapy industry has offered some of the most significant advantages to Consumers. Major players in the Cold Laser Therapy market, including Apira Science Inc., B-Cure laser Australia, Erchonia Corporation, Theralase Inc., DJO Inc., and others, are attempting to increase market demand by investing in product development to increase their product line and Continuous Laser Deviceser to diverse consumer needs.
A leader in the field of healthcare, DJO, LLC is dedicated to improving patient care via cutting-edge technologies, particularly in the area of cold laser therapy. DJO, LLC, a company well-known for its innovative medical technologies, has made great progress in utilizing low-level laser light's therapeutic potential. Low-level laser therapy (LLLT), sometimes referred to as cold laser therapy, is the use of non-thermal laser light to stimulate cellular activity and aid in healing. This technology is used by DJO's cutting-edge devices to treat a variety of ailments, from chronic pain management to musculoskeletal injuries. Dedicated to enhancing patient outcomes, DJO, LLC is at the forefront of a revolution in healthcare through the provision of efficient, non-invasive Cold Laser Therapy solutions that enable people to reach their full potential. In January 2021, the market leader in therapeutic laser technology for human and animal health, LiteCure, LLC, has been acquired by DJO, LLC, a well-known international supplier of medical technologies. This strengthened DJO's position as the industry leader in recovery sciences and made it possible for the business to provide patients and clients with unmatched innovation.
PhotoMedex, a leading healthcare company, specializes in Cold Laser Therapy, advancing patient care through innovative medical technologies. With a commitment to non-invasive solutions, PhotoMedex's Cold Laser Therapy stands out for its precision and effectiveness. The company's devices incorporate cutting-edge technology, making them sophisticated and capable of addressing a diverse range of medical conditions. From musculoskeletal issues to dermatological concerns, PhotoMedex's Cold Laser Therapy offers targeted and optimized treatment outcomes. The company's dedication to advancing therapeutic efficacy solidifies its position at the forefront of providing state-of-the-art solutions, ensuring patients benefit from a comprehensive and advanced approach to health and wellness.
Key Companies in the Cold Laser Therapy market include
- Apira Science Inc.
- B-Cure laser Australia
- Erchonia Corporation
- Theralase Inc.
- DJO
- BTL Corporate
- BioLight Technologies LLC
- THOR Photomedicine Ltd
- PhotoMedex
- Lexington International LLC
- MICROLIGHT Corporation
- Apollo (Pivotal Health Care LLC)
- Irradia
Cold Laser Therapy Industry Developments
March 2022: The UltraClear system was introduced by Acclaro Corporation at the American Society for Laser Medicine and Surgery (ASLMS) 2022 in the United States. A wide range of skin conditions, such as pigmentation, enlarged pores, fine lines, wrinkles, scars from acne, age spots, sun damage, textural irregularities, and general complexion issues, can be painlessly treated with this medical device.
March 2021: In the United Kingdom, Good Energies Ltd. introduced the B-Cure Laser, a handheld low-level laser therapy (LLLT) device for chronic pain.
Cold Laser Therapy Market Segmentation
Cold Laser Therapy Product Outlook
- Continuous Laser Devices
- Pulse Laser Devices
- Combination Laser Devices
Cold Laser Therapy Technology Outlook
- Single Wavelength Cold Laser Therapy Devices
- Multiple Wavelength Cold Laser Therapy Devices
Cold Laser Therapy Application Outlook
- Pain Management
- Arthritis
- Wound Healing
- Nerve Regeneration
- Dermatology
- Others
Cold Laser Therapy Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric |
Details |
Market Size 2022 |
USD 0.125 Billion |
Market Size 2023 |
USD 0.130 Billion |
Market Size 2032 |
USD 0.1857 Billion |
Compound Annual Growth Rate (CAGR) |
4.50% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Product, Technology, Application, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Apira Science Inc., B-Cure laser Australia, Erchonia Corporation, Theralase Inc., DJO ย Inc., BTL Corporate, BioLight Technologies LLC, THOR Photomedicine Ltd, PhotoMedex, Lexington International LLC, MICROLIGHT Corporation, Apollo (Pivotal Health Care LLC), and Irradia. |
Key Market Opportunities |
Continuous developments in Cold Laser Therapy technologies improve the effectiveness of treatment, increasing the sophistication, precision, and range of medical conditions that these devices can treat. |
Key Market Dynamics |
Growing older populations, looking for complementary and alternative medicine, and implementing non-invasive treatments. |
Frequently Asked Questions (FAQ) :
The Cold Laser Therapy market size was valued at USD 0.125 Billion in 2022.
The market is projected to grow at a CAGR of 4.50% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Apira Science Inc., B-Cure Laser Australia, Erchonia Corporation, Theralase Inc., DJO Inc., BTL Corporate, BioLight Technologies LLC, THOR Photomedicine Ltd, and PhotoMedex.
The Combination Laser Devices Continuous Laser Devices category dominated the market in 2022.
The Wound Healing had the largest share in the market.