The global medical laser market size is expected to reach around US$ 16.4 Bn by 2026, growing at a noteworthy CAGR of around 10.5% over the forecast period 2019 to 2026.
Medical lasers are the devices that are used to treat a number of diseases and eradicating tissues by using lasers accredited to medical use. Rapidly increasing in the number of syndromes like urological, skin problems, cardiac, teeth, and eye-related disorders. The medical lasers' need has gradually increased which is fueling the widespread acceptance of medical laser systems worldwide.
The increasing in the occurrence of diseases, population coupled with the growing prevalence of heart diseases across the globe is primarily driving the market growth of medical laser market. Rising demand for cosmetic surgery in the developed countries coupled with increase in the purchasing power of the consumers are further enhance the market growth of the medical lasers during the forecast period. Furthermore, the rise in the incidences of chronic diseases such as obesity and diabetes are enhances demand and sales of the medical lasers in the global market over the forecast period. The rising demand and adoption of minimally invasive procedures, an increase in the number of cosmetic procedures, and increasing incidence of eye disorders are some of the major factors boosting the demand for the laser treatments, subsequently driving the demand for medical lasers. Increasing prevalence of congenital heart diseases, coronary artery diseases, glaucoma, age-related macular edema, and other diseases is another major factor anticipated to drive the medical lasers industry growth.
By product, the solid-state laser systems segment dominated the medical laser market
On the basis of product, the market has been segmented into solid-state laser systems, dye laser systems, diode laser systems, and gas laser systems. Solid-state laser systems is expected to account for the highest market share in the market during the forecast period owing its use across dermatology. Also, it is used in a gain medium which is a solid, rather than a liquid or gas that presents in a dye laser or in gas laser. The solid-state lasers are also based on semi-conductor, on the other hand, they are generally measured as a single class from solid-state lasers. At the global level diode, laser systems are predictable to medical laser systems market, owing to their wider applications in several photodynamic therapy and aesthetic treatments.
The market research study on “Medical Laser Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global medical laser market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global medical laser market, its product, type, end-use, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global pet food packaging market size and volume, and segment markets by product, type, end-use, and geography along with the information on companies operating in the market. The medical laser market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated with a largest market share in the medical laser market
North America dominated the global medical laser market revenue in 2018 and projected to continue its dominance in the global market over the forecast period. The increasing demand for minimally invasive medical procedures, high preference for cosmetic procedures, and high adoption rate of novel technologies in U.S., are the primary factors responsible for the higher market share in North America in the global market for the medical laser. Moreover, the Asia Pacific is expected to account for the highest growth rate in the global medical laser market during the forecast period. The increase in the incidences of chronic diseases, cosmetic procedures, and increasing incidence of eye disorders are the main factors, which expected to enhance the growth in Asia Pacific in the coming years. Also, the increase awareness and increased average individual purchasing power of the consumers are further expected to raise the demand of medical lasers in the region over the forecast period.
Few of the players profiled in the report operating in the market are Quantel Laser, Nidek CO., LTD, Topcon Corporation, DEKA M.E.L.A. S.r.l., SharpLight Technologies, Sciton, Inc., Alma Lasers, Cynosure Inc., Syneron Medical Ltd, and Lumenis Ltd. The medical laser market is an amalgamated market with the top players accounting for a significant share in the market. A well-known type of product presence in the medical lasers market segment joint a strong product collection of medical lasers has been momentous in the governance of these players in the medical laser market report. The companies are involved in the product development and expansion in the emerging countries to take competitive advantage over the forecast period.
Market By Product
Market By Type
Market By End-use
Market By Geography
Medical lasers are used to treat a number of diseases and eradicating tissues by using lasers accredited to medical use.
Factors such as increasing in the occurrence of diseases, population coupled with the growing prevalence of heart diseases across the globe restrain the medical laser market growth.
According to Acumen Research and Consulting, the medical laser market value is anticipated to be worth around US$ 16.4 billion in 2026.
The medical laser market is anticipated to grow over 10.5% CAGR during the forecast period 2019 to 2026.
North-America held maximum share in 2018 for medical laser market.
Asia Pacific is projected to grow at a fast pace during forecast period in the medical laser market.
Quantel Laser, Nidek CO., LTD, Topcon Corporation, DEKA M.E.L.A. S.r.l., SharpLight Technologies, Sciton, Inc., Alma Lasers, Cynosure Inc., Syneron Medical Ltd, and Lumenis Ltd are the top players operating in the medical laser market.