The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Medical Lasers Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Medical Lasers Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Medical Lasers Market size was valued at USD 4.98 billion in 2023 and is projected to reach USD 9.85 billion by 2030. The market is also estimated to grow at a CAGR of around 9.61% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Medical Lasers Market Segmentation?
The report has segmented the market into the following categories:
- By Technology
- Solid-State Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- ER: YAG Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- ND: YAG Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- HO: YAG Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Alexandrite Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Gas Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- CO2 Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Argon Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Krypton Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Excimer Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Pulsed Dye Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Diode Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Solid-State Laser Systems- Market Size & Forecast 2019-2030, (USD Million)
- By Application
- Aesthetics/Cosmetics Applications
- Hair Removal- Market Size & Forecast 2019-2030, (USD Million)
- Tattoo Removal- Market Size & Forecast 2019-2030, (USD Million)
- Acne and Scan Removal- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Dermatology Applications- Market Size & Forecast 2019-2030, (USD Million)
- Dental Applications- Market Size & Forecast 2019-2030, (USD Million)
- Urology Applications- Market Size & Forecast 2019-2030, (USD Million)
- Ophthalmology Applications- Market Size & Forecast 2019-2030, (USD Million)
- OB/GYN Applications- Market Size & Forecast 2019-2030, (USD Million)
- Oncology Applications- Market Size & Forecast 2019-2030, (USD Million)
- Cardiovascular Applications- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Aesthetics/Cosmetics Applications
- By End-User
- Hospitals and Surgical Centers- Market Size & Forecast 2019-2030, (USD Million)
- Dermatology and Dental Clinics- Market Size & Forecast 2019-2030, (USD Million)
- Medical & Beauty Spas- Market Size & Forecast 2019-2030, (USD Million)
- Home-use and Self-care- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
Among all, the hospitals and surgical centers segment held the largest market share. The dominance has been attributed to the fact that hospitals are the major healthcare facilities catering to patients suffering from a range of conditions that benefit from medical lasers. Further, the surgical centers provide specialized, efficient, cost-effective, and patient-centered surgical care for a wide range of medical needs. Also, there has been significant progress in the development of private hospitals and surgical centers globally driven by increasing health awareness, and the aim to improve public healthcare. Also, governments across countries have been making efforts to continuously boost the healthcare infrastructure of their country. This resulted in improved investments in new public hospital construction. Hence, as the number of hospitals and surgical centers increases in the coming years, it would generate an opportunistic demand for medical lasers as well.
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Factor Driver Medical Lasers Industry Growth by 2030
Increasing Prevalence of Ophthalmological Diseases – Worldwide, there has been a surge in the number of eye-related diseases such as cataracts & glaucoma. As a result, the need for laser eye surgeries or vision surgeries to treat eye diseases, prevent further loss of sight, and restore vision has increased. This has successfully augmented the demand for medical lasers, thereby positively impacting the overall market growth.
The number of old age people is increasing globally as evidenced by the World Bank data which stated 805,167,113 people were aged 65 and above in 2023, up from 737,239,689 in 2020. This rise in aged individuals has further propelled the market growth of medical lasers. This is because with increasing age the risk for some eye diseases like cataracts, AMD, etc. increases, and those aged individuals require laser surgeries to be able to see again clearly. The fact mentioned by the National Eye Institute also highlights that people aged 55 and older are most likely to have AMD. Hence, considering the aforementioned factors, the Global Medical Lasers Market has been witnessing tremendous growth and would continue with positive growth in the coming years as well.
Who are the Key Players Operating in the Medical Lasers Industry?
The top companies of the Medical Lasers market ruling the industry are:
- Boston Scientific Corporation
- Johnson & Johnson Vision Care, Inc.
- Alcon Inc.
- Carl Zeiss Meditec Ag
- Candela Corporation
- Lumenis Be Ltd.
- Cutera, Inc
- Bausch Health Companies Inc.
- El.En. S.P.A.
- Alma Lasers
- Fotona
- Ipg Photonics Corporation
- Bison Medical
- AMD Lasers
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FAQs (Frequently Ask Questions)
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