Medical Laser Systems Market By Product (Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, and Diode Laser Systems), By Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiovascular, and Others), and by End-Use (Surgical, Cosmetic, and Dental): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global medical laser systems market is expected to generate around USD 4,548 million by 2025, growing at a CAGR of around 11.37% between 2019 and 2025. The medical laser systems market are various technological advancements, growing aging population, increasing incidences of eye-related disorders, and the rising number of patients using advanced laser-based treatments.

23-Aug-2019 | Number of pages: 110 | Report Code: ZMR-4618 | Report Format : | Status : Published

Analysis

Medical lasers are medical devices that are used for treating several diseases and removing tissues by using lasers authorized for medical uses. With the increase in the number of diseases like urological, skin problems, cardiovascular, and eye-related disorders, the need for medical lasers has also increased that is fuelling the wide acceptance of medical laser systems globally. These lasers are used in cosmetic, surgical, diagnostic and therapeutic applications.

The various factors driving the medical laser systems market are various technological advancements, growing aging population, increasing incidences of eye-related disorders, and rising number of patients using advanced laser-based treatments. In addition, the increasing importance of aesthetics also contributes to the global medical laser systems market growth. Moreover, various benefits offered by medical laser systems, such as decreased pain intensity and faster recovery, will further propel the medical lasers systems market, specifically in the medical industry. Furthermore, the prevalence of chronic and skin diseases and its wider application in various areas are other major factors fueling the medical laser systems market. However, the risks associated with these procedures like scarring, infection, and change in skin color, strict safety regulations, and a high failure rate of these treatments may hamper the medical laser systems market.

Global Medical Laser Systems Market

The medical laser systems market is fragmented on the basis of product, application, and end-use. Based on product, the market includes solid state laser systems, dye laser systems, diode laser systems, and gas laser systems. Solid state laser systems will be the fastest-growing market segment over the forecast time period, owing to their growing use in dermatology. By application, the market is categorized into gynecology, dentistry, urology, cardiovascular, dermatology, ophthalmology, and others. Dermatology accounts for the largest market share, due to the increasing demand for aesthetics treatment like skin tightening, contouring, and skin rejuvenation and rising patient awareness regarding various laser treatment options. Based on end-use, the cosmetic segment shall hold the largest market share in terms of revenue in the future.

North America is expected to dominate over the estimated time period, owing to the growing prevalence of chronic and skin diseases, increasing demand for cosmetic surgical procedures and treatments, and favorable reimbursement policies for medical laser systems. In addition, the improved healthcare infrastructure and various technological advancements in medical laser technologies across the region are boosting the regional next-generation biometric demand. Furthermore, the rising aging population and increasing demand for aesthetic surgeries along with high disposal income also fuel the medical laser systems market in this region. Europe held the second spot in the medical laser systems market in 2018, due to the increasing regional awareness about laser technology and its benefits and rising R&D activities. The Asia Pacific medical laser systems market is the fastest-growing region globally, which shall register the highest CAGR over the forecast time period. This can be attributed to the growing medical tourism, rapid adoption of technologically-advanced laser treatment options, increasing elderly population, escalating disposable income, and rising healthcare expenditure.

Some major players in the medical laser systems market are AngioDynamics, Alcon Laboratories, Biolase, American Medical Systems, Cardiogenesis Corporation, Bausch & Lomb, Lumenis, Novadaq Technologies, IRIDEX, Photomedex, Syneron-Candela, and Spectranetics Corporation.


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