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Medical Laser Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 15.3% to Reach $4.32 Billion by 2028

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Medical Laser Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 15.3% to Reach $4.32 Billion by 2028

November 24
00:44 2021
Medical Laser Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 15.3% to Reach $4.32 Billion by 2028
The Medical Laser Market is expected to grow at a CAGR of 15.3% from 2021 to 2028 to reach a value of $4.32 billion by 2028.
Medical Laser Market by Device Type (Solid-state Lasers, Gas Lasers, Dye Lasers, Diode Lasers); Fiber Type (Disposable Laser Fibers, Reusable Laser Fibers); Device Application, Fiber Application, and Geography – Global Forecast to 2028

Medical lasers find application across multiple segments, including dermatology, dentistry, cardiology, neurosurgery, and eye surgery, due to their ability to deliver high precision treatments while remaining minimally invasive. Since medical lasers can accurately focus on tiny areas, they are used for precise surgical work or cutting through tissue, replacing the use of scalpels.

In its latest publication on the medical lasers market, Meticulous Research® states that this market will grow at a CAGR of 15.3% from 2021 to 2028 to reach $4.32 billion by 2028.

Growth of this market is driven by the increasing number of cosmetic procedures, rising preference for minimally invasive procedures, and increasing prevalence of eye disorders. The growth of medical tourism is expected to provide significant growth opportunities for players operating in this market. The rising number of private hospitals, improvements in medical infrastructures, and inexpensive treatments are factors attributing to the growth of medical tourism in developing economies.

To provide efficient analysis, Meticulous Research® has segmented this market on the basis of device type (solid-state lasers, gas lasers, dye lasers, diode lasers); fiber type (disposable laser fibers, reusable laser fibers); device application (ophthalmology, dermatology, gynecology, dentistry, urology, cardiology, other applications); fiber application (general surgeries, urology, dermatology, gynecology, cardiology, dentistry, other applications); and geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)

Download Free Sample Report Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5196

Scope of the Report 

Medical Laser Devices Market, by Type

  • Solid-State Laser Devices
    • Neodymium Yttrium Aluminum Garnet Laser Devices (Nd:YAG)
    • Erbium Yttrium Aluminum Garnet Laser Devices (Er:YAG)
    • Holmium Yttrium Aluminum Garnet Laser Devices (Ho:YAG)
    • Alexandrite Laser Devices
    • Potassium Titanyl Phosphate Laser Devices
    • Ruby Laser Devices
  • Gas Laser Devices
    • Co2 Laser Devices
    • Excimer Laser Devices
    • Argon Laser Devices
    • Helium-Neon (HE-NE) Laser Devices
    • Krypton Laser Devices
    • Metal Vapor (Copper and Gold) Laser Devices
  • Diode Laser Devices
  • Dye Laser Devices

Medical Laser Fiber Market, by Type

  • Disposable Laser Fiber
  • Reusable Laser Fiber

Medical Laser Devices Market, by Application

  • Dermatology
  • Ophthalmology
  • Urology
  • Dentistry
  • Cardiology
  • Gynecology
  • Other Applications

Medical Laser Fiber Market, by Application

  • General Surgeries
  • Urology
  • Dermatology
  • Gynecology
  • Cardiology
  • Dentistry
  • Other Applications

Medical Laser Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa (MEA)

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Based on type, global medical laser devices market is segmented into solid-state, gas, dye, and diode lasers. The diode lasers segment is expected to grow at the highest CAGR during the forecast period. Diode lasers are used in various surgical procedures such as hair removal, soft tissue cutting, aesthetic procedures, dental surgeries, coagulation, and thermal cancer therapies. The rising risk of oral cancer has encouraged various public and private companies to develop high-powered diode lasers to treat cancer-related issues. According to WHO, lip and oral cavity cancers are among the top 15 most common cancers globally. In South-East Asia and Western Pacific regions, the major cause of death among males is cancer. These factors are expected to create demand for diode lasers during the forecast period.

Based on type, global medical laser fibers market is segmented into disposable fibers and reusable fibers. The disposable laser fibers segment is expected to grow at the highest CAGR during the forecast period. The rising demand for non-invasive surgical procedures, increasing use of laser fibers in diagnostic procedures, the effective cost of disposable laser fibers, and the increasing number of urologic and plastic surgery procedures are factors driving the market growth of this segment. Several market players are investing in the development of medical laser fibers for better productivity. For instance, in 2021, OmniGuide Holdings, Inc. launched a new OTO-U CO2 laser system fiber. This fiber is used in ENT and otology surgeries and enables surgeons to reach narrow areas with more precision resulting in improved procedure results. These developments are expected to drive the market growth for disposable laser fibers during the forecast period.

Based on device application, the urology segment is expected to grow at the fastest CAGR during the forecast period. Factors such as the growing number of patients suffering from kidney diseases, urinary tract infections, chronic kidney disorders, and the growing elderly population drive the market growth of this segment. Urinary tract infections are also one of the most common types of infections.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/medical-lasers-market-5196

However, the dermatology segment is expected to account for the largest share of the global medical lasers market in 2021. The increasing number of cosmetic surgeries has led to the increase in the use of medical lasers, thereby boosting the growth of the medical lasers market.

Based on application, global medical laser fibers market is segmented into general surgeries, dermatology, urology, dentistry, cardiology, gynecology, and other applications. The cardiology segment is expected to grow at the highest CAGR during the forecast period. Healthcare sectors use various types of laser fibers such as Nd:YAG, holmium, and CO2 to treat patients suffering from heart diseases or heart attacks, stroke or blood clots, and individuals at high risk for developing these problems. The better outcomes and higher efficiency of medical laser fibers have accelerated the market demand for laser fibers driving the growth of this segment.

Based on geography, Asia-Pacific is estimated to grow at the fastest CAGR during the forecast period. Factors such as the growing middle-class population, rapid urbanization, increasing investments by healthcare providers towards infrastructure improvement, increasing awareness among the population, growing beauty consciousness, and the growing availability of a wide range of advanced products and technologies contribute to the growth of this market. In addition, the growing aging population is creating the need for adopting better medical treatment, including medical lasers. Further, healthcare costs in India are lower compared to other developed countries, such as the U.S. and the U.K. Therefore, numerous foreign tourists visit India to get affordable treatment. These factors contribute to the exponential growth of the medical lasers market in the Asia-Pacific region.

The report also provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market, including Lumenis, Ltd. (Israel), Fotona d.o.o. (Slovenia), BIOLASE, Inc. (U.S.), IRIDEX Corporation (U.S.), CUTERA, INC. (U.S.), Alna-Medicalsystem AG & Co. KG (Germany), Bausch & Lomb Incorporated (U.S.), Boston Scientific Corporation (U.S.), Alcon, Inc. (Switzerland), STRYKER CORPORATION (U.S.), Alma Lasers (Israel), biolitec AG (Germany), Bluecore Company (South Korea), Cynosure (U.S.), PhotoMedex (U.S.) and Spectranetics (U.S.).

Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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