Laser therapy is widely used in the process of pain relief, and it also has a place in tissue repair and ophthalmological treatment. It uses a strong beam of light to cut, remove or treat the affected tissue or organ. Compared with surgical operations, laser therapy is less harmful to health. It is a minimally invasive surgery and has a wide range of applications in oncology, ophthalmology, aesthetics, dentistry, cardiovascular, and pain treatment.
For this reason, laser treatment is a branch of the laser industry as a sunrise industry. According to relevant surveys, due to more and more medical applications and product launches, the global laser therapy market is expected to increase from US$166 million in 2019 to US$351 million in 2027, with a compound annual growth rate of 9.9%. However, high-cost laser treatments and equipment are the main factors hindering market growth.
In oncology, laser therapy can be used in conjunction with surgery, chemotherapy or other radiotherapy; vaginal cancer, vulvar cancer, basal cell skin cancer, cervical cancer, and penile cancer can all be treated with laser therapy. In addition, with the development of technology in recent years, laser therapy is expected to be able to seal the nerve painlessly after surgery. By sealing the wound, it can prevent blood loss after surgery.
In addition to the medical field, laser therapy is also widely used in the field of beauty, such as hair removal, tattoos, moles and birthmarks. In recent years, the application of laser treatment in vein profiling treatment, skin surface replacement and hair removal has increased significantly.
The global laser therapy market is divided into solid, liquid, gas and diode by type. Among them, in 2019, laser diodes accounted for the largest market share of laser therapy. At the same time, due to the rise of the use of laser diodes in photodynamic therapy and beauty therapy, the laser diode market will have the highest growth rate during 2020-2027.