In my day job I program microscopes that interact with lasers. The laser is used to kill cells in a sample and then the camera observes how the sample reacts. There's all sorts of laser safety involved in my job, because some of the lasers can blind you, and others can give you a bad burn on the skin that leaves a scar.
A few months ago I went to a chiropractor for my shoulder, and he used a laser on my shoulder, he said that the laser stimulated healing.
Knowing what I know about lasers, I am extremely skeptical that there is a laser that doesn't burn the skin, yet can penetrate beneath the skin and somehow stimulate healing.
It sounds like complete and utter hogwash to me, but I'm open to being persuaded if anyone here can tell me any different.