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In light of a recent study by Future Market Insights (FMI), the market for Cold Laser Therapy is anticipated to expand rapidly over the coming years. By 2031, cold laser therapy sales are anticipated to reach US$ 165.4 million.
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Base Year Value (2020A)
US$ 104 Mn
Estimated Year Value (2021E)
US$ 107.6 Mn
Projected Year Value (2031F)
US$ 164 Mn
Value CAGR (2021-2031)
7% CAGR
This represents a CAGR of roughly 4.4% over the anticipated time frame (2021-2031).
Cold laser or low-level laser therapy devices are becoming more popular as people become more aware of their numerous advantages.
The use of cold laser therapy for nerve regeneration, musculoskeletal conditions, and pain relief is driving up market sales.
In order to provide patients with pain or inflammation relief, these devices are being installed more frequently in home care settings.
Social media is becoming more widely used, and people of all ages are openly worried about looking better.
As a result, the market for cold laser therapy is expanding quickly due to the rising demand for cosmetic surgery.
According to the World Health Organization (WHO), the global population of those above 65 years of age is expected to increase from nearly 1.0 billion in 2018 to around 2.1 billion by 2050 across the world.
With increasing demand from elder population as their skin is more prone to wrinkles, fine lines, flaccid skin, and other conditions, demand for cosmetic procedures is expected to surge.
Emerging nations such as India, China, Brazil, Russia, Mexico, and South Africa are offering ample of growth opportunities for cold laser therapy devices market. One of the major factor for increased growth is rising prevalence of chronic diseases in the countries.
Exhibiting high demand for cold laser therapy to treat chronic pains, developing nations are likely to emerge as hotspot for cold laser therapy devices…
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