I can only say that playing life for (quality) lasers is usually spec'd at 100.000 hrs. That's a long time!
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I don't know about ALL players, but for most, neither the laser nor the spindle motor is operating when a disc is in the machine but it is not playing and not left in "pause." Thus, the parts that more readily wear out, namely the transport and laser, are not operating. The rest of the electronics will remain on, which generally is not a wear and tear issue, unless your unit runs unusually hot or unless it has tubes in it.
Unless you are hoping for a Guinness book entry, what is the purpose of constantly running the player? It seems like "break in" mania taken to an extreme. Long before the whole thing dies, why wouldn't you expect performance to deteriorate -- the spindle bearing on the motor would begin to wear, causing wobble, etc?