Cold Laser Therapy Market: Rise in Prevalence of Orthopedic Diseases to Drive the Market
Companies Increase Availability of FDA-approved Cold Lasers to Improve Patient Outcomes
Cold laser therapy is gaining popularity as a non-invasive therapy for pain management. Healthcare providers are increasing efforts to incorporate FDA-approved cold lasers to improve patient outcomes. For instance, AICA Orthopedics-a chiropractor in Georgia, U.S., has invested in state-of-the-art class 4 cold lasers that are FDA-approved and most effective among patients. As such, instruments product segment is expected to lead the cold laser therapy market. The cold laser therapy market is projected to reach ~US$ 134 Mn by the end of 2027.
On the other hand, companies in the cold laser therapy market are targeting physical therapists, psychiatrists, and occupational therapists to increase the adoption of cold lasers. In another instance, cold therapy accessories are predicted for exponential growth during the forecast period. Companies are increasing R&D in therapies that do not heat up the tissue. Thus, advanced cold laser therapies are increasingly replacing traditional laser therapies.
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Wearable Devices Gain Prominence in Home Care Settings
Wearable technology is marking a prominent footprint in the healthcare industry. Companies in the cold laser therapy market are developing wearable devices to provide pain relief to patients in home care settings. For instance, Penta Medical-a provider of wearable technology in medical devices, gained FDA approval for its latest innovation, the PentaVO wearable cold laser therapy device, for the treatment of inflammation-related chronic and acute injuries. Thus, companies in the cold laser therapy market are expanding their sales and marketing strategies to bolster sales of wearable devices. As such, companies are targeting sports teams, physical therapists, and orthopedic doctors to increase the uptake of wearable devices.
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There is a growing demand for therapies that reduce downtime post laser therapy. Hence, healthcare providers are investing in handheld lasers that provide patient relief. For instance, Premier Health Chiropractic & Wellness, a chiropractor in Texas, U.S., has gained expertise in painless and non-invasive cold laser therapy that reduces downtime depending on the severity of the patient’s health issue.
UV-free Devices Hold Promising Potential in Treatment of Atopic Dermatitis
Cold laser therapy is increasingly replacing traditional chiropractic and other manipulative treatment methods. It has been found that cold laser therapy boosts the body’s natural healing process. Thus, the advantages of cold lasers are growing popular among patients worldwide. As such, cold lasers are being pervasively used in the field of dermatology. This is evident since the dermatology application segment of the cold laser therapy market is predicted for aggressive growth during the forecast period. Hence, healthcare companies are increasing the availability of cold lasers for the treatment of inflammatory skin diseases such as psoriasis and atopic dermatitis.
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Moreover, conventional UV irradiation poses the risk of skin cancer and accelerated skin aging among patients. Hence, companies in cold laser therapy market are increasing research to develop UV-free devices for the treatment of skin diseases. However, limited number of quality reports justifying the efficacy of these devices poses as a restraint for companies in the market. Hence, companies are increasing their research efforts to establish widespread adoption of cold lasers for treatment of atopic dermatitis.
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Dentistry and Orthopedics Offer Growth Opportunities
Apart from dermatology and orthopedics, companies in the cold laser therapy market are tapping opportunities in dentistry to meet patient requirements. Moreover, among applications, dentistry segment of the cold laser therapy market is anticipated for significant growth during the forecast period. Thus, companies are increasing production capacities of cold lasers to offer healing and pain relief for patients with dental problems.
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On the other hand, cold laser therapy is popular in orthopedics. An alarming rate of musculoskeletal pain due to rheumatoid arthritis and muscle strain have created a demand for cold laser devices. Innovative technologies such as super pulsed laser and pulsed red light are acquiring prominence in technologically sound devices. Thus, a synergetic effect of these technologies is found to boost clinical numbers. Companies are increasing research in bio-stimulation to effectively convert laser light into cellular energy through enhanced ATP (Adenosine Triphosphate) synthesis.
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