Medical Laser Systems Market
Medical Laser Systems Market Size, Analysis Report By Product (Diode, Dye, Gas, Solid State), By Application (Aesthetic, Ophthalmic , Surgical, Dental, Diagnostic) and By Region - Global Market Insights 2021 to 2031
Analysis of Medical Laser Systems Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Medical Laser Systems Market Outlook
Fact.MR’s medical laser systems industry analysis reveals that the global market was valued at US$ 4 Bn in 2020, and is projected to top a valuation of US$ 7.5 Bn by 2031, accelerating at a CAGR of around 8.5%. Sales of surgical lasers are projected to reach a valuation of US$ 1 Bn by 2031.
| Report Attribute | Detail |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Key Companies Profiled | Biolase Inc.; Bausch & Lomb Holdings; Cardiogenesis Corporation, Inc.; Lumenis Ltd.; IRIDEX Corp.; Novadaq Technologies, Inc.; Photomedex, Inc.; Spectranetics Corporation; Syneron-Candela; Alcon Laboratories, Inc.; AngioDynamics Corp.; Fotona; American Medical Systems, Inc.; Elforlight Ltd. |
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Medical Laser Systems Demand Analysis from 2016 to 2020 Vs Future Market Outlook for 2021 to 2031
As per Fact.MR - a market research and competitive intelligence provider, the global market for medical laser systems was valued at US$ 4 Bn in 2020, and is anticipated to expand at a CAGR of around 8.5% to top US$ 7.5 Bn by 2031.
Medical lasers are mainly used for the treatment and diagnosis of medical circumstances and are subject to photochemical, photoablation, and photothermal reactions. Factors that propel growth of the market include growing demand for non-invasive and procedures, increasing occurrences of chronic diseases, growing acceptance of advanced laser-based treatments, and rising demand for laser products in diagnosis.
Medical laser systems are increasingly being used across hospitals and specialized clinics around the world in an array of medical applications, including dermatology, cancer therapy, cardiovascular treatment, ophthalmology, and dentistry. On account of these factors, demand for medical laser systems is expected to surge further over the coming years.
How are Rising Investments in Research & Development Fueling Demand for Medical Laser Systems?
Ever since the first laser was developed nearly 60 years ago, laser technologies have evolved at a rapid pace. Due to technological advancements and emphasis on the discovery of innovative laser concepts, at present, lasers are extensively used across a host of industrial sectors. Developments in laser technologies over the past few decades have played an imperative role in revolutionizing the modern-day healthcare sector.
While the science behind light remains the same, technologies and innovative laser concepts have matured at a rapid pace, due to which, different types of lasers have entered the fray. Some of the most recent advancements within the laser field include the onset of new types of lasers such as holmium-doped lasers, full silicon lasers, and flying microlasers, among others.
Advancements in photonics coupled with surge in research & development activities have played a key role in increasing the adoption of medical laser systems over the past decade, and the trend is likely to continue in future as well.
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What are the Restraints being Faced by Medical Laser System Providers?
Stringent regulations are expected to hinder growth of the market. Exposure of the human body to certain lasers may result in damage to the eyes and skin. High failure rates and adverse effects are also expected to limit market growth.
Laser treatment has a high failure rate and may lead to irreversible side-effects such as dry eyes, overcorrection or under correction, double vision, epithelium erosion, and glare. Hence, long validation process along with high maintenance costs of medical laser systems are acting as restraining factors for the growth of market.
Which Region Offers Huge Opportunity for Medical Laser System Manufacturers?
North America accounts for around 50% of the global market share for medical laser systems, owing to faster adoption of various medical laser technologies such as diode lasers and crossbeam lasers. Moreover, rise in prevalence of ophthalmology, cardiovascular diseases, cancer, orthopedic ailments, and dental diseases is a major factor driving demand for medical laser systems for performing associated surgeries in the region.
Furthermore, an increase in cosmetic surgeries is likely to augment demand for medical laser systems across the region. Presence of leading players such as Modu-Laser and BIOLASE, Inc. in the U.S. that offer a series of strong medical laser devices is likely to drive the market.
Technological advancements, increase in various surgical procedures, rise in the geriatric population, and surge in investments by key players in the development of innovative and promising medical laser technologies are projected to propel the market in North America.
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Country-wise Analysis
What is the Demand Outlook for Medical Laser Systems in the U.S.?
The market in the U.S. was valued at around US$ 1.1 Bn in 2020. According to the American Academy of Dermatology, acne is a highly common condition affecting around 50 Mn people in the U.S. each year. According to statistics, around 17.7 Mn cosmetic procedures were performed in the U.S. in 2018.
According to the Centers for Disease Control and Prevention, around 17% of the people in the U.S. suffer from cataract conditions, which is around 20 Mn people, affecting majorly those over 40 years of age. Incidence of cataract is projected to reach 30 Mn by 2028 in the U.S. This is anticipated to drive demand for ophthalmic medical laser systems to treat various ophthalmic conditions.
How is China Emerging as a Lucrative Market for Medical Laser System Providers?
China is forecast to reach a market size of around US$ 1.7 Bn by the year 2031. Huge population base with significantly increased rate of chronic diseases in the country is nudging the sales of medical laser systems.
China spends 6% of its GDP on healthcare, according to estimates, and its medical equipment market has grown by double digits over the previous three decades.
Improving healthcare infrastructure, increasing focus of emerging and leading market players on developing markets, rise in the number of hospitals, an increase in the incidences of cancer, and growing adoption of medical laser systems as part of the treatment of diseases are some of the key factors that have augmented demand for medical laser systems in China.
Category-wise Insights
Why are Solid State Medical Lasers Gaining Immense Popularity?
Solid state lasers are projected to record at a 6% CAGR during the forecast period due to higher reliability, smaller compact designs, lower cost of purchase, and prolonged lifespan of these systems.
Over the past few years, research institutes and the healthcare sector have extensively focused on exploring the potential benefits of new laser technologies in medical applications. Progress made by photonics in recent years has played a key role in the development of new lasers.
Among the different types of lasers, solid state lasers have gained considerable amount of popularity. Adoption of solid state lasers has consistently grown over the past few decades due to optimum physical characteristics of the waveguide structure of the fiber.
How are Surgical Lasers Stimulating Market Growth?
Surgical lasers are expected to register a CAGR of 7% over the forecast period. This is attributing to technological advancements, growing preference for minimally invasive surgeries, and increasing incidence & prevalence of targeted diseases such as chronic diseases, particularly in ophthalmic disorders, and others.
As per the American Society of Plastic Surgeons, in 2018, around 15 Mn cosmetic minimally-invasive procedures were performed, which further boosts the growth of the surgical lasers systems market. With increasing advancements in applications, like dermatology and dentistry, ophthalmology has aided the demand for surgical lasers in the medical industry.
Moreover, as per the National Institute of Health (NIH), laser lithotripsy is a widely accepted technique for urinary-related disorders, such as biliary stones. Thus, rising burden of urology disorders is set to propel demand for surgical lasers. The unique ability of lasers to target specific structures and layers of tissues make surgical lasers system a powerful tool in aesthetic and reconstructive surgeries.
How Has COVID-19 Impacted Demand for Medical Laser Systems?
The onset of the novel COVID-19 pandemic is expected to provide a new window of opportunity for players manufacturing medical laser systems. Although demand for a few types of non-essential laser treatments is likely to witness a slight decline, adoption of medical laser systems for COVID-19 diagnostics is likely to grow. At present, COVID-19 diagnostics involves a swab test that typically takes several hours.
However, researchers are exploring the potential applications of lasers to speed up COVID-19 diagnostics. A group of scientists from different universities in the U.S. is collaborating to develop a diagnostic tool to identify different viruses using laser beams. At present, considerable efforts are being made to streamline the screening process and make it more efficient. Medical laser systems have the potential to provide solutions to address these challenges.
For instance, in May 2020, QuantLase Imaging Lab announced that the organization has successfully developed cutting-edge laser equipment that is likely to enable large-scale testing and mass screenings. Stakeholders operating in the current medical laser systems market landscape are expected to improvise, invest in research, and develop new solutions to capitalize on the looming opportunities.
Competitive Landscape
Major players with a prominent share in the market are focusing on expanding their customer base.
- In 2019, ELT Sight, Inc. acquired the IP and assets of MLase AG’s excimer ophthalmic laser system for glaucoma surgery.
- In 2020, DEKA M.E.L.A. srl entered into an exclusive distribution agreement with Cartessa Aesthetics to market its aesthetic platform device, Luxea, a multi-modality intense pulsed light and laser platform system, in the U.S.
Key Segments in Medical Laser Systems Industry Research
-
By Product
- Diode
- Dye
- Gas
- Solid State
-
By Application
- Aesthetic
- Ophthalmic
- Surgical
- Dental
- Diagnostic
-
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Product
- 9.1. Diode Laser Systems
- 9.2. Dye Laser Systems
- 9.3. Gas Laser Systems
- 9.4. Solid State Laser Systems
- 10. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Application
- 10.1. Aesthetic Lasers
- 10.2. Ophthalmic Lasers
- 10.3. Surgical Lasers
- 10.4. Dental Lasers
- 10.5. Diagnostics Lasers
- 11. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. South Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 17. Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 18. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 19. Key and Emerging Countries Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Biolase Inc.
- 21.2. Bausch & Lomb Holdings
- 21.3. Cardiogenesis Corporation, Inc.
- 21.4. Lumenis Ltd.
- 21.5. IRIDEX Corp.
- 21.6. Novadaq Technologies, Inc.
- 21.7. Photomedex, Inc.
- 21.8. Spectranetics Corporation
- 21.9. Syneron-Candela
- 21.10. Alcon Laboratories, Inc.
- 21.11. AngioDynamics Corp.
- 21.12. Fotona
- 21.13. American Medical Systems, Inc.
- 21.14. Elforlight Ltd.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2016 to 2020
Figure 02: Global Market Volume Forecast (in 000' Units), 2021 to 2031
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2016 to 2020
Figure 06: Global Market Value Forecast (US$ Mn), 2021 to 2031
Figure 07: Global Market Absolute $ Opportunity, 2021 to 2031
Figure 08: Global Market Share Analysis (%), By Product, 2021 to 2031
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Product, 2021 to 2031
Figure 11: Global Market Share Analysis (%), By Application, 2021 to 2031
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by Application, 2021 to 2031
Figure 14: Global Market Share Analysis (%), By Region, 2021 to 2031
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value Share, By Product, 2021 (E)
Figure 18: North America Market Value Share, By Application, 2021 (E)
Figure 19: North America Market Value Share, By Country, 2021 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 21: North America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 22: North America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 24: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 25: Latin America Market Value Share, By Product, 2021 (E)
Figure 26: Latin America Market Value Share, By Application, 2021 (E)
Figure 27: Latin America Market Value Share, By Country, 2021 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 29: Latin America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 30: Latin America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 31: Latin America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 32: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 33: Europe Market Value Share, By Product, 2021 (E)
Figure 34: Europe Market Value Share, By Application, 2021 (E)
Figure 35: Europe Market Value Share, By Country, 2021 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2016 to 2020
Figure 37: Europe Market Value Forecast (US$ Mn), 2021 to 2031
Figure 38: Europe Market Attractiveness Analysis by Product, 2021 to 2031
Figure 39: Europe Market Attractiveness Analysis by Application, 2021 to 2031
Figure 40: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 41: South Asia Market Value Share, By Product, 2021 (E)
Figure 42: South Asia Market Value Share, By Application, 2021 (E)
Figure 43: South Asia Market Value Share, By Country, 2021 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 45: South Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 46: South Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 47: South Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 48: South Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 49: East Asia Market Value Share, By Product, 2021 (E)
Figure 50: East Asia Market Value Share, By Application, 2021 (E)
Figure 51: East Asia Market Value Share, By Country, 2021 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 53: East Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 54: East Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 55: East Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 56: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 57: Oceania Market Value Share, By Product, 2021 (E)
Figure 58: Oceania Market Value Share, By Application, 2021 (E)
Figure 59: Oceania Market Value Share, By Country, 2021 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2016 to 2020
Figure 61: Oceania Market Value Forecast (US$ Mn), 2021 to 2031
Figure 62: Oceania Market Attractiveness Analysis by Product, 2021 to 2031
Figure 63: Oceania Market Attractiveness Analysis by Application, 2021 to 2031
Figure 64: Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 65: Middle East and Africa Market Value Share, By Product, 2021 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2021 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2021 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2016 to 2020
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2021 to 2031
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2021 to 2031
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2021 to 2031
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2021 to 2031
Figure 73: U. S. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 74: U. S. Market Value Share, By Product, 2021 (E)
Figure 75: U. S. Market Value Share, By Application, 2021 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2021 & 2031
Figure 77: Canada Market Value Share, By Product, 2021 (E)
Figure 78: Canada Market Value Share, By Application, 2021 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2021 & 2031
Figure 80: Mexico Market Value Share, By Product, 2021 (E)
Figure 81: Mexico Market Value Share, By Application, 2021 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2021 & 2031
Figure 83: Brazil Market Value Share, By Product, 2021 (E)
Figure 84: Brazil Market Value Share, By Application, 2021 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 86: U. K. Market Value Share, By Product, 2021 (E)
Figure 87: U. K. Market Value Share, By Application, 2021 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2021 & 2031
Figure 89: Germany Market Value Share, By Product, 2021 (E)
Figure 90: Germany Market Value Share, By Application, 2021 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2021 & 2031
Figure 92: France Market Value Share, By Product, 2021 (E)
Figure 93: France Market Value Share, By Application, 2021 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2021 & 2031
Figure 95: Italy Market Value Share, By Product, 2021 (E)
Figure 96: Italy Market Value Share, By Application, 2021 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2021 & 2031
Figure 98: Spain Market Value Share, By Product, 2021 (E)
Figure 99: Spain Market Value Share, By Application, 2021 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 101: Russia Market Value Share, By Product, 2021 (E)
Figure 102: Russia Market Value Share, By Application, 2021 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2021 & 2031
Figure 104: China Market Value Share, By Product, 2021 (E)
Figure 105: China Market Value Share, By Application, 2021 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2021 & 2031
Figure 107: Japan Market Value Share, By Product, 2021 (E)
Figure 108: Japan Market Value Share, By Application, 2021 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2021 & 2031
Figure 110: South Korea Market Value Share, By Product, 2021 (E)
Figure 111: South Korea Market Value Share, By Application, 2021 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2021 & 2031
Figure 113: India Market Value Share, By Product, 2021 (E)
Figure 114: India Market Value Share, By Application, 2021 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2021 & 2031
Figure 116: ASEAN Market Value Share, By Product, 2021 (E)
Figure 117: ASEAN Market Value Share, By Application, 2021 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 119: Australia Market Value Share, By Product, 2021 (E)
Figure 120: Australia Market Value Share, By Application, 2021 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2021 & 2031
Figure 122: New Zealand Market Value Share, By Product, 2021 (E)
Figure 123: New Zealand Market Value Share, By Application, 2021 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2021 & 2031
Figure 125: GCC Countries Market Value Share, By Product, 2021 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2021 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2021 & 2031
Figure 128: Turkey Market Value Share, By Product, 2021 (E)
Figure 129: Turkey Market Value Share, By Application, 2021 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2021 & 2031
Figure 131: South Africa Market Value Share, By Product, 2021 (E)
Figure 132: South Africa Market Value Share, By Application, 2021 (E)
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Competitive landscape highlights only certain players
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- FAQs -
How much is the medical laser systems market currently valued at?
The global medical laser systems market is currently valued at above US$ 4 Bn.
What is majorly driving demand for medical laser systems?
Growing adoption of advanced laser-based treatments for chronic diseases is driving demand for medical laser systems.
Who are the prominent manufacturers of medical laser systems?
Key players operating in this market are IRIDEX Corp., Lumenis Ltd., Syneron-Candela, Photomedex Inc., and Biolase Inc.
Which segment holds a large revenue share for medical laser systems?
Surgical lasers hold a large revenue share of 40% in the market.
Which region will largely contribute to revenue growth of medical laser systems providers?
North America accounts for 50% of the revenue share for medical laser systems.
At what rate is demand for medical laser systems expected to register growth in Europe?
The European market is projected to expand at a CAGR of 5% during 2021 – 2031.
What will be the sales forecast for medical laser systems for 2021 to 2031?
The global market for medical laser systems is expected to cross a value of US$ 7.5 Bn by the end of 2031, with sales revenue accelerating a CAGR of around 8.5%.
Medical Laser Systems Market