9.5% CAGR of Infrared Therapy Device Market to register USD 1.10 Bn growth | Market.us
Pune, Maharashtra, India, September 15 2022 (Wiredrelease) Prudour Pvt. Ltd –:The Infrared Therapy Device is a new product that has been developed to help relieve pain. The device uses infrared light to penetrate the skin and target the pain receptors. The device is portable and can be used at home or on the go. The device is safe and easy to use, and it comes with a money-back guarantee.
The global infrared therapy device market is expected to grow from USD 1.3 billion in 2019 to USD 1.10 billion by 2024, at a CAGR of 9.5%. The increasing prevalence of chronic pain, musculoskeletal disorders, and cancer are anticipated to drive the growth of the market.
Infrared therapy devices are used in the treatment of various conditions such as pain relief, muscle relaxation, increased blood circulation, and reduced inflammation. They are also used for skin rejuvenation and hair removal. The devices emit infrared radiation that penetrates deep into the body and provides therapeutic benefits. The global market for Infrared Therapy Device is extremely concentrated with only a handful of players operating globally. Some of the established prominent brands in Infrared Therapy Device market are Anodyne Therapy, LI-COR Bioscience, Philips, Abbott Laboratories, Roche, Medtronic, OSIM, A&D Company, Omron, Siemens, Beurer, DPL, SANNUO, Panasonic and Johnson & Johnson.
The report is a collection of industry analysts’ first-hand data, qualitative and quantitative analysis, inputs from industry specialists, and industry participants throughout the value chain. The report provides an in-depth analysis of market trends, macroeconomic indicators, and governing variables along with market attractiveness for each segment. The report also includes a qualitative analysis of the impact of market factors on market segments as well as geographies.
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Infrared Therapy Device Market: Scope of the Report
The market estimates included in the report are based on extensive secondary research as well as primary interviews and in-house reviews. The consideration of Market estimates will be evaluated based on the market’s current market dynamics and the impact of various socio-political and economic factors. In addition to the market overview, which comprises market dynamics the section also includes Porter’s Five Forces Analysis which explains the five forces that are: buyer’s bargaining power, supplier’s bargaining power, the threat of new entrants, threat of substitutes, and degree of competition in the Infrared Therapy Device Market.
Infrared Therapy Device Market: Competitive Landscape
Innovation and up-gradation in technologies across various industries are bringing new players to the market. The section contains information regarding the financial revenue and key developments of all the major market competitors. This includes SWOT analysis, product benchmarking, key developments and key developments of any 3-5 top market players. This section allows clients to customize the companies they wish to include.
Examples of some of the major players in the global Infrared Therapy Device market are
Abbott Laboratories
DPL
Philips
Beurer
Johnson & Johnson
Medtronic
A&D Company
Omron
Roche
Panasonic
SANNUO
OSIM
Siemens
Anodyne Therapy
LI-COR Bioscience
Market Taxonomy
On the basis of product type, the global Infrared Therapy Device market is segmented into:
Infrared Lamp
Cold Laser Therapy
On the basis of application, the global Infrared Therapy Device market is segmented into:
Hospitals
Ambulatory Surgical Center
Diagnostic Centers
Global Infrared Therapy Device Market: Geographical Analysis
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The Market.us Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
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Countries Covered:
North America: U.S and Canada
Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe
APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Mexico
The Middle East And Africa: Saudi Arab, South Africa, UAE
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The growth formula includes the following points:
1. Current Challenges and Future Threats Outlook (2022-2031)
2. Accurate Market Trends and Developments
3. Regional Assessment
4. Industrial Analogy
5. COVID-19 Impact, Russia-Ukraine War Impact, Tension between China and Taiwan
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FREQUENTLY ASKED QUESTIONS
Q1. How big is the Infrared Therapy Device market?
Q2. What is the total market worth of Infrared Therapy Device market?
Q3. What is the Infrared Therapy Device market growth?
Q4. What are the recent trends affecting the Infrared Therapy Device market?
Q5. Which segment accounted for the largest Infrared Therapy Device market share?
Q6. Who are the key companies/players in the Infrared Therapy Device market?
Q7. What are the factors driving the Infrared Therapy Device market?
Q8. Which region is expected to project the highest market share in the global Infrared Therapy Device market?
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