Medical Lasers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Medical Lasers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • June 2022 •
  • 145 pages •
  • Report ID: 6287535 •
  • Format: PDF
The global medical lasers market reached a value of US$ 3.70 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 7.01 Billion by 2027, exhibiting a CAGR of 10.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Medical lasers are devices used to treat or remove tissues through precisely focused light sources. They rely on non-ionizing radiation to reduce blood loss, decrease postoperative discomfort and minimize the chances of wound infection. They aid in cancer therapy, bio-sensing, bio-imaging, drug delivery, and diagnostics of cancer cells. They also assist in cosmetic surgery to remove tattoos, scars, stretch marks, sunspots, wrinkles, birthmarks, and spider veins or hair. Apart from this, they help in tumor and cataract removal, breast surgery, plastic surgery, and other surgical procedures. As a result, they find extensive applications in hospitals, specialty clinics, and ambulatory surgical centers.

Medical Lasers Market Trends:
Due to the increasing adoption of minimally and non-invasive procedures to enhance clinical outcomes, there is a rise in the demand for medical lasers. This, along with the growing awareness among individuals about aesthetic procedures, such as acne prevention, body contouring, and dermal resurfacing, represents one of the key factors driving the market. Moreover, there is an increase in the utilization of medical lasers due to less pain, minimal incisions, and faster recovery across the globe. This, coupled with technological advancements in laser-assisted devices that support advance treatments in healthcare facilities with reduced risk of post-procedural complications, is propelling the growth of the market. Additionally, several initiatives undertaken by healthcare organizations to promote medical tourism are offering lucrative growth opportunities to industry investors. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce a new low-level green laser for body fat reduction. Furthermore, the burgeoning healthcare industry is positively influencing the market. Other growth-inducing factors are the rising geriatric population, increasing prevalence of eye disorders, and the growing disposable incomes.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global medical lasers market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, product type, application and end user.

Breakup by Type:

Breakup by Product Type:
Solid-State 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
Potassium Titanyl Phosphate Laser Systems
Alexandrite Laser Systems
Ruby Laser Systems
Gas Laser Systems
CO2 Laser Systems
Argon Laser Systems
Krypton Laser Systems
Metal Vapor (Copper and Gold) Laser Systems
Helium-Neon (He-Ne) Laser Systems
Excimer Laser Systems
Dye Lasers Systems
Diode Laser Systems

Breakup by Application:

Breakup by End User:
Specialty Clinics
Ambulatory Surgical Centers

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Artivion Inc., Bausch Health Companies Inc., BIOLASE Inc., Boston Scientific Corporation, Cutera Inc., Ellex Medical Lasers (Lumibird Medical), IRIDEX Corporation, Koninklijke Philips N.V., Lumenis Ltd., Novartis AG, PhotoMedex Inc. and Syneron Medical Ltd.

Key Questions Answered in This Report:

How has the global medical lasers market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global medical lasers market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global medical lasers market and who are the key players?
What is the degree of competition in the industry?