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Medical Lasers Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Medical Lasers Market: By Product Type (Solid-state Laser Systems, Gas Laser Systems, Diode Laser Systems, and Dye Laser Systems), By Application (Dentistry, Urology, Cardiovascular, Ophthalmology, Dermatology, Gynecology, and Others), By Distribution Channel (Hospitals, Cosmetic Clinics, and Others), and Geography

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SKU: N/A Category: Healthcare

Description
Table Of Content
Company Profile

Report

Description

Medical Lasers Market size was valued at USD 5.2 billion in 2021, growing at a CAGR of 14.2% from 2022-28. The term “laser” stands for the amplification of light by stimulated emission of radiation. Medical lasers are medical devices that use precisely focused light sources in the treatment or removal of tissues. Laser light has a specific wavelength. It has a narrow beam that creates a very high-intensity light. As the laser light focuses very accurately, it can be used in very precise surgical work. Technological advancements are the key factors attributed to the growth of the medical lasers market. The rise in the incidence of eye-related disorders and growing awareness among people regarding modern treatment procedures is enhancing the growth of the market. In March 2018, Sensus Healthcare has launched a Sensus Laser Systems which includes applications for hair and tattoo removal, acne lesion correction, skin rejuvenation, and pigmentation/large pore treatment.

Medical Lasers Market

MARKET SUMMARY

14.2% CAGR

Study Period– 2022 – 2028
Base Year– 2021
CAGR– 14.2%
Largest Market– North America
Fastest Growing Market– Europe

Medical Lasers Market

The report on the global medical lasers market gives historical, current, and future market sizes (US$ Bn) based on the product type, application,end user and Geography.
The global medical lasers market gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Market Key Players

Lumenis Ltd. (Japan)
IRIDEX Corp. (U.S)
Novadaq Technologies, Inc. (Canada)
Spectranetics Corporation (U.S)
Syneron-Candela (U.S)
Alcon Laboratories, Inc. (U.S)

Medical Lasers Market Dynamics

Increase in the adoption of the new treatment procedures and growing affordability of laser procedures are boosting the growth of the market. The higher adoption of the cosmetic treatment is majorly anticipated to drive the growth of the medical lasers market. For instance, as per American Society of Plastic Surgeons in 2016, there were around 1.8 million cosmetic surgical procedures and 15.5 million cosmetic minimally invasive procedures were performed and in 2015, around 1.1 million laser hair removal procedures were performed all across the globe. The further growth is expected over the forecasted period owing to its varied number of applications. However, the high rate of failure of laser-based surgical procedures and stringent safety regulations are may the growth of the market.

North-America Got Significant Share

Medical Lasers Market

Geographically, global medical lasers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America medical lasers market holds dominant share when compared with that of the other regional markets. The advancements in the technology and rising awareness among the people regarding the modern treatment options is adding fuel for the growth of the market in this region. The adoption of the new treatment options is anticipating the growth of the medical laser market in this region. Europe and the Asia Pacific are expected to grow at significant rate over the forecast period owing to the availability of large untapped market.

Latin-America

North-America

Europe

Asia-Pacific

Middle East

Key

Key Features of the Report

The report provides granular level information about the market size, regional market share, historic market and forecast.
The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
The report tracks recent innovations, key developments and startup’s details that are actively working in the market
The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Segmentation

Medical Lasers Market

product type

Solid state laser systems
- Potassium Titanyl Phosphate Laser Systems
- Alexandrite Laser Systems
- Ruby Laser Systems
- Holmium Yttrium Aluminum Garnet Laser (Ho:Yag) Systems
- Erbium Yttrium Aluminum Garnet Laser (Er:Yag) Systems
- Neodymium Yttrium Aluminum Garnet Laser (Nd:Yag) Systems
Gas laser systems
- Metal Vapor (Copper And Gold) Laser Systems
- Helium – Neon (He-Ne) Laser Systems
- Excimer Laser Systems
- Co2 Laser Systems
- Argon Laser Systems
- Krypton Laser Systems
Diode Laser Systems
Dye Laser Systems