Medical Lasers Market Overview:
Global Medical Lasers Market was valued at $5,116 million in 2016, and is projected to reach $12,586 million by 2023, registering at a CAGR of 13.6% from 2017 to 2023. Medical lasers are medical devices used for the treatment of various diseases and tissue removal. The increase in incidence in various diseases, such as cardiovascular, urological, skin problems, and eye-related diseases, has resulted in the rise in adoption of medical lasers as they provide non-invasive treatment. Furthermore, increased importance to aesthetics has led to adoption of various medical lasers in cosmetic surgeries. The report analyzes the medical lasers market based on product, application, end use, and region.
Global Medical Lasers Market: Segmentation
The cosmetic segment is expected to account for the major share in the market, owing to increased importance to aesthetics. It is an emerging trend in the medical industry, which is expected to further propel the use of medical lasers for treatment and quality appearance.
Snapshot of LAMEA Medical Lasers Market
There has been an increased focus of the key vendors in the medical lasers market on emerging markets, namely, Asia-Pacific and LAMEA. This is expected to boost the growth of the medical lasers market. Brazil is experiencing high adoption of medical lasers for oral care due to various dental complications in the Brazilian population. As per the data obtained from, the Brazilian Oral Health Survey (SBBrasil 2010) Project, there was a prevalence of around 48.2% non-treated dental caries. Such high prevalence of dental complications is expected to boost the adoption of medical lasers for treatment purposes, since dentistry is fastest growing application of medical lasers.
Saudi Arabia Medical Lasers Market, 2016-2023 ($Million)
High Adoption of Medical Lasers for Cosmetic Surgeries
Globally, there is an increased demand for cosmetic surgery procedures, which include surgical and non-surgical procedures that improve the appearance by reshaping and enhancing the body structure. For instance, as per a report published by American Society of Plastic Surgeons in 2016, around 1.8 million cosmetic surgical procedures and 15.5 million cosmetic minimally invasive procedures were performed. Similarly, in 2015, around 1.1 million laser hair removal procedures were performed globally. This high adoption of medical lasers in the area of cosmetic surgery is expected to propel the growth of medical lasers market.
The key players profiled in the report include Photomedex, Inc., Lumenis Ltd., Ellex, Medical Lasers Ltd., Spectranetics Corporation, Novartis AG, Cardiogenesis Corporation, Biolase Inc., Boston Scientific Corporation, Bausch & Lomb Holdings, Inc., and Syneron-Candela. The other players operating in the industry include Quantel laser, Nidek CO., LTD., Topcon Corporation, Deka M.E.L.A. S.r.l., SharpLight Technologies, Sciton, Inc., and Alma Lasers.
- The study provides an in-depth analysis of the global medical lasers market and the current trends and future estimations to elucidate the imminent investment pockets.
- The report provides quantitative analysis of the industry from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the global market helps to understand the adoption of ophthalmic devices for surgical, diagnostic, and vision care applications.
- Competitive intelligence highlights the business practices followed by leading market players across various geographies.
Medical lasers Market Key Segments:
The global medical lasers market is segmented based on product type, application, end use, and geography.
- 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
- HeliumNeon (He-Ne) Laser Systems
- Excimer Laser Systems
- Dye Lasers Systems
- Diode Laser Systems
- Refractive Error Surgery
- Cataract Surgery
- Glaucoma Surgery
- Skin Resurfacing
- Pigment Treatment
- Hair Removal
- Tissue Ablation
- Coronary Artery Disease
- Ventricular and Supraventricular Arrhythmias
- Hypertrophic Cardiomyopathy
- Congenital Heart Disease
By End Use
- North America
- The Netherlands
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA