Showing posts with the label global therapeutic laser market

Global Therapeutic Laser Market : Market Analysis by Knowledge Sourcing Intelligence

The global therapeutic laser market is projected to grow at a CAGR of 8.02% to reach US$165.769 billion by 2024, from US$104.361 billion in 2018. The market demand therapeutic lasers are fueling owing to the growing geriatric population, and growing cancer incidences worldwide. Furthermore, the growing adoption of minimally invasive surgeries is driving market growth during the forecast period. Moreover, rising disposable income and rising health expenditure will provide an opportunity for market growth during the forecast period and beyond. However, strict regulatory procedures regarding the development and approval of medical devices may restrain the growth of the global therapeutic laser market during the forecast period. Region-wise, North America is expected to hold a significant market share due to the early adoption of technology, and the health expenditure of the United States is the highest among all the developed countries. The health spending in the Uni