DUBLIN–(BUSINESS WIRE)–The “Medical Laser System Market Analysis by Product (Gas Laser, Diode Laser, Solid State Lasers, Dye Lasers), by Application (Dermatology, Ophthalmology, Gynaecology, Urology, Dentistry, Cardiology), and by Region – Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
The global medical laser system market size is estimated to be USD 2,923.4 million in 2021 and is expected to witness a CAGR of 12.85% during the forecast period.
Companies Mentioned
- Alcon Laboratories Inc. (Switzerland)
- AngioDynamics Corp. (U.S.)
- American Medical Systems Inc. (U.S.)
- Biolase Inc. (U.S.)
- Bausch & Lomb Holdings (U.S.)
- Cardiogenesis Corporation Inc. (U.S.)
- Lumenis Ltd. (Israel)
- IRIDEX Corp. (U.S.)
- Novadaq Technologies Inc. (Canada)
- Photomedex Inc. (U.S.)
Increase in cases of eye disorder is a key driver for the growth of the global medical laser system market. Additionally, rise in number of patients using radical laser-based treatments, increasing investments in the medical laser system market and growing global geriatric population are some of the other drivers propelling the market growth. Nevertheless, side effects related with the laser treatment and strict governing situation in the developed economies are expected to restrain the global market growth.
By Product
Based on product, the market is categorized into gas laser, diode laser, solid state lasers, and dye lasers. In 2021, the diode laser segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the wide-ranging application in photodynamic treatment and aesthetic processes worldwide. The solid-state lasers segment is anticipated to grow at a profitable CAGR during the forecast period, due the launch of new products and varied application in the dermatology application worldwide.
By Application
Based on application, the market is divided into dermatology, gynaecology, ophthalmology, urology, cardiology, dentistry, and others. In 2021, the dermatology segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the growing awareness among the patients along with thriving adoption rates of minimal and non-invasive treatments worldwide. The gynaecology segment is anticipated to grow at a profitable CAGR during the forecast period, due the wide application of this system in intra-abdominal gynecological surgeries, which further drives the demand.
Regional Insights
In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the increase in adoption of cosmetic lift-ups, growth in demand for aesthetic surgeries accompanied by high disposal income, and growing healthcare expenditure by patients in the region.
Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the expansion by the major players in this region due to availability of skilled labour forces at economic costs, and low manufacturing cost, growing government and corporate investment in R&D for the healthcare sector are the major factors in this region.
The medical laser system market report is categorized into the following segments and subsegments:
Medical Laser System Market, By Product (Revenue, USD Million, 2021 – 2029)
Gas Lasers
- CO2 Lasers
- Argon Lasers
- Krypton Lasers
- Metal Vapor (Cu & Au)
- Helium-Neon Lasers
- Excimer Lasers
- Diode Lasers
Solid State Lasers
- Holmium Yttrium Aluminium Garnet
- Erbium Yttrium Aluminium Garnet
- Neodymium Yttrium Aluminium Garnet
- Potassium Titanyl Phosphate
- Alexandrite Lasers
- Ruby Lasers
- Dye Lasers
Medical Laser System Market, By Application (Revenue, USD Million, 2021 – 2029)
- Dermatology
- Ophthalmology
- Gynaecology
- Urology
- Dentistry
- Cardiology
- Others
Medical Laser System Market, By Region (Revenue, USD Million, 2021 – 2029)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/59173a
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