According to AMR’s prediction, “Medical Laser Market by Product Type (Solid-State Laser Systems, Gas Laser Systems, Dye Lasers Systems, and Diode Laser Systems), Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiovascular, and Others), and End User (Surgical, Cosmetic, and Dental): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global medical laser industry garnered $6.94 billion in 2018, and is estimated to reach $16.22 billion by 2026, growing at a CAGR of 10.8% from 2019 to 2026.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
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Key Findings of the Study –
- Based on product type, the diode laser systems segment is expected to be the fasted growing segment during the forecast period.
- Based on application, dermatology segment contains the largest share in 2018, and is anticipated to continue this trend during the forecast period.
- Depending on end user, the surgical segment is expected to exhibit the highest CAGR with 11.6% during the forecast period.
- U.S. generated the highest revenue in the global medical laser market in 2018, accounting for more than two-fifth of the global market.
Based on product type, the semiconductor laser system segment accounted for more than one-third of the global medical laser market in 2018 and is expected to dominate by the end of 2026. This is due to security safety of solid-state lasers. state laser system and output quality provided by it. At the same time, diode laser systems will grow at the fastest CAGR of 13.6% between 2019 and 2026. Diode lasers are cheap, compact and consume less power than other types of lasers, which has led to growth of which the part appears.
Based on geography, North America had the highest market share in 2018, attracting more than two-fifths of the global medical laser market. This is due to the increase in the number of cosmetic surgeries, the increasing geriatric population, and the high risk of developing eye diseases which leads to the increased demand for medical lasers in this region. At the same time, the Asia-Pacific region is expected to register the fastest CAGR of 12.3% during the study period. This is attributed to the high number of people, the large amount of money that is being wasted, and the increased awareness of the acceptance of medical lasers as a substitute for surgery.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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Region, Asia Pacific is expected to be the fastest growing market during the forecast period, owing to the increase in the geriatric population, rapid adoption of advanced laser treatment options and technology, high investment lose money and increase the acceptance of medical lasers as a substitute for surgery.
Key Market Players –
Major key players that operate in the industry are IRIDEX Corporation, Lumenis Ltd., Ellex Medical Lasers Ltd., CryoLife, Inc., Novartis AG, Koninklijke Philips N.V., Biolase Inc., Boston Scientific Corporation, Bausch & Lomb Holdings, Inc., and Syneron Medical Ltd.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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Frequently Asked Questions?
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Q3. What will be global medical laser market growth in 2030?
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