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Podiatry Laser Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Podiatry is the branch of medicine concerning the foot, ankle, and lower extremities. Laser treatment is an important tool in several podiatry practices. Advanced laser therapy combines the principles of biology, physics, and technology. According to a survey conducted by GenesisPlus, one-third of the global podiatrists are actively considering incorporation of laser technology into practice and over 60% of them believe laser treatment clears toenail fungus and relieves the symptoms. About 19% of the population of the U.S. has an average of 1.4 foot problems each year. Major types of foot and ankle problems are foot infections, including athlete's foot, other fungal infections, warts, ingrown toenails or other toenail problems, corns or calluses, and diabetic foot syndrome. Advancements in laser technology, increasing incidence of podiatry diseases, and podiatry health awareness are the factors contributing to the growth of the global podiatry laser market. However, high cost of laser therapy restrains the market. According to study published by the International Diabetes Federation [IDF], 2009, foot complications account for up to 20% of total health care resources available in developed countries.

The global podiatry laser market can be segmented based on product type, end-user, application, and region. In terms of product type, the global podiatry laser market can be categorized into fiber lasers, CO2 podiatry surgical laser, intense pulsed light (IPL), Nd:YAG (neodymium-doped yttrium aluminium garnet; Nd:Y3Al5O12) laser, TruBlue, KTP-laser, and diode laser. The CO2 lasers are preferred by surgeons owing to its accuracy and precision which enables treatment of area less than 1 mm. The Nd:YAG laser treats deeper layers of skin tissues than other types of lasers with the wavelength 1064 nm than other types of lasers. Based on end-user, the market can be divided into hospitals, podiatry clinics, and others. In terms of application, the global podiatry laser market can be segmented into diabetic foot syndrome, fungal nail infection, inflammation, warts, wound healing, superficial dermal lesions analgesia, and wart removal.

In terms of region, the global podiatry laser market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America accounts for the largest share of the global podiatry laser market. Increasing prevalence of diabetes owing to changing lifestyles, rising health care awareness, and high per capita spending capacity are the factors contributing to the growth of the global podiatry laser market in the region. For instance, according to IMPA, in the U.S., more than 65,700 nontraumatic lower extremity arterials (LEAs) were performed in a year on people with diabetes. Europe is the next major market for podiatry laser owing to high level research community, a strong network of companies and end-users in Europe. Asia Pacific is an emerging market due to increasing awareness about laser technology, improving economic conditions, and health care awareness.

Key players operating in the global podiatry laser market include BritaMed, Inc., NuvoLase, Inc., Light Age Incorporated, CoolTouch, Cutera, A.R.C. Laser GmbH, Erchonia Corporation, Multi Radiance Medical, Sheaumann Laser, Inc., INTERmedic Arfran, AMD LASERS, and LightScalpel.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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