Cold Laser Therapy Market Size, Share and Analysis By Product (Laser Devices, LED Devices, and Others), By Application (Pain Management, Wound Management, Cosmetics, and Others), By End User (Hospitals & Clinics, Homecare Settings, and Others), and Regional Forecast, 2024-2032

Cold laser therapy, also known as photobiomodulation therapy, uses low-intensity laser therapy to stimulate healing while using low light levels. Simulation of lasers at a specific wavelength increases cell metabolism and proliferation, promoting tissue healing. Cold laser therapy beams light energy at the skin tissue to reduce pain and inflammation deep within an area of the body.

Cold laser therapy is non-invasive and promotes healing in various conditions, such as arthritis, joint pain, and muscle strain, among others. In recent years, owing to the significant progress in using modulators such as cold laser therapy, the technology has gained widespread acceptance as an adjuvant medical tool for healing wounds. Thus, factors such as the increasing prevalence of chronic pain & orthopedic disorders and rising applications of these devices in therapy are contributing to the market growth during the forecast period.

The prevalence of acute or chronic pain in the neck, knee joints, or hip joints is rising globally. Moreover, according to an article published by National Health Interview Survey, in 2019, almost 50.2 million adults (20.5%) reported pain on most days or every day in the U.S. However, the adoption of lasers in pain therapy, cosmetic surgeries, and wound management as an adjunct to analgesics, with fewer side effects, and high efficacy, is increasing across developed countries. Furthermore, due to high demand, the introduction and launch of cold lasers by various market players will further boost market growth. For instance, according to an article published by Rapid Medtech Communications Ltd. in March 2021, more than 250,000 B-Cure Lasers launched by Good Energies Ltd. had been sold globally, offering pain therapy in home settings. However, the high cost of cold therapy lasers across developing countries can hamper the market's growth.

Impact of COVID-19 on the Cold Laser Therapy Market

The COVID-19 pandemic had negatively impacted the market for cold laser therapy with the travel restrictions and temporary lockdowns imposed by the government, which had led to a decline in the number of surgical procedures. The market growth was affected due to the significant impact of the COVID-19 pandemic on non-urgent surgeries and fewer patients seeking treatment at hospitals for non-urgent disorders. The continuous prevalence of the pandemic caused deferrals of elective surgical interventions and impacted the growth of the market for cold laser therapy by declining its adoption in surgical therapies. However, the resumption of post-pandemic surgeries had led to more considerable demand for these devices and helped the market to grow steadily.

Key Insights

The report will cover the following key insights:

• Prevalence of Chronic Pain Disorders, by Key Countries, 2022.


• Prevalence of Orthopedic Disorders, by Key Countries, 2022.


• Technological Advancements in Photomodulation Devices.


• Key Industry Developments – Partnerships, Mergers New Product Launches, etc.


• Impact of COVID-19 on the Market.

Analysis by Product:

Based on the product, the market is segmented into laser devices, LED devices and others. The laser devices are expected to grow at the highest CAGR owing to high efficiency, controlled divergence and fewer side effects compared to other devices in cold therapies. Also, increased laser adoption in treating superficial clinical conditions across the globe will further augment segment growth.

• For instance, BIOLASE, Inc. estimates that more than 10,000 epic x loe level diode systems are used worldwide for temporary relief of minor pain, dental surgery, and teeth whitening procedures.

Regional Analysis:

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North America is anticipated to lead the global cold laser therapy market with a significant revenue share and is expected to flourish prominently during the analysis period. The region's significant growth is mainly attributed to the rising prevalence of chronic pain associated with several conditions among the North America population and the high adoption of cold lasers in pain therapy and sports injuries across hospitals. Moreover, rising collaborations and acquisitions among key players of cold lasers to introduce advanced products in North America will further propel regional growth.

• In January 2021, DJO, LLC, a leading global provider of medical technologies, announced the acquisition of LiteCure, LLC, and the market leader in therapeutic laser technology for human and animal health.​ This extended DJO’s strength as the market leader in recovery sciences and allowed the company to deliver unparalleled innovation to its customers and patients.

Key Players Covered:

The report will include key players such as BioCare Systems, THOR Photomedicine Ltd, Mostleds, Bioflex Laser Therapy, HairMax, Biolight Technologies, iRestore Laser, Ingeneus Pty. Ltd., TheraDome Inc., iGrow Laser, Vielight Inc., and other prominent players.

Segmentation

Key Industry Developments

• April 2022: Acclaro Corporation launched the UltraClear system at the American Society for Laser Medicine and Surgery (ASLMS) 2022 in the U.S. This medical device offers painless treatment to address a full spectrum of skin conditions, including pigmentation, enlarged pores, fine lines, wrinkles, scars and acne scars, age spots, sun damage, textural irregularities and general complexion issues.


• March 2021: Good Energies Ltd. launched the handheld laser therapy device B-Cure Laser, a low-level laser therapy (LLLT) device for chronic pain in the U.K.


• March 2021: Good Energies Ltd. launched a laser-focused overarching awareness media campaign with Guerillascope for pain relief in the U.K.