ALBANY, N.Y., Aug. 4, 2020 /PRNewswire/ --The cold laser therapy market may experience increased demand from a plethora of end users such as hospitals, home care, and specialty clinics during the forecast period of 2019-2027. The replacement of traditional treatments with cold laser therapy may bring immense opportunities for increasing the growth rate of the cold laser therapy market.

The global cold laser therapy market was valued at ~US$ 94 mn in 2018 and is anticipated to reach ~US$ 134 mn in 2027. Transparency Market Research (TMR) analysts predict the global cold laser therapy market to expand at a CAGR of ~4% between 2019 and 2027.

The swelling number of cold laser therapy devices receiving regulatory approvals and the growing clinical research studies on cold therapies may bring tremendous opportunities for growth of the cold laser therapy market during the forecast period of 2019-2027.

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Cold Laser Therapy Market: From Experts Perspective

The analysts at Transparency Market Research point out the growing popularity of cold laser therapies as a drug-free treatment option for orthopedic diseases as the major growth indicator for the cold laser therapy market. The analysts also highlight the offering of personalized treatment plans to patients for reducing incidences of downtime post therapy as a significant aspect of growth.

The analysts advise the manufacturers in the cold laser therapy market for ramping up the research and development activities and create technologically sound devices to decrease side-effects in patients.

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Cold Laser Therapy Market: Facts and Figures

Explore 199 pages of expansive research, cutting-edge insights, and detailed country projections. Analyze and discover the latest developments in the Cold Laser Therapy Market (Product: Instruments and Accessories; Application: Orthopedics, Dermatology, Dentistry, Neurology, Laser Acupuncture, and Others; and End User: Hospitals, Specialty Clinics, and Home Care) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 2027 at https://www.transparencymarketresearch.com/report-toc/68663

Cold Laser Therapy Market: Growth Accelerators

The growing prevalence of orthopedic diseases like osteoarthritis and rheumatoid arthritis is escalating the demand for cold laser therapies greatly. Technology is penetrating deep in the cold laser therapy and will prove to be a prominent growth booster for the cold laser therapy market.

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Cold Laser Therapy Market: Competitive Analysis

The cold laser therapy market has numerous players and hence, has a highly competitive landscape. Activities like mergers, acquisitions, joint ventures, collaborations, and partnerships help the players to expand their footprint and eventually sow the seeds of growth in the cold laser therapy market. Some major players in the cold laser therapy market are Meditech International, Inc., Erchonia Corporation, Theralase Technologies, Inc., BioLight Technologies LLC, THOR Photomedicine Ltd., Good Energies, Irradia, and Apira Science.

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Cold Laser Therapy Market: Segmentation

By Product

By Application

By End User

By Region

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Replacement of Traditional Treatment Methods with Cold Laser Therapies to Boost Growth Rate, North America to Bring Immense Growth Opportunities for...