Lasers are devices that exudes a single, continuous wavelength of electromagnetic radiation, which are used to cut, eliminate or eliminate tissue for various types of diagnostic applications. Laser systems produce wavelengths of various pulse duration and energy levels. Computer-based imaging and guidance allows the system to execute processes with precision, quicker and more control. Although usually laser is used for dermal and eye applications, small, efficient laser delivery systems are available for minimal aggressive applications, including endoscopy, bronchoscopy, laparoscopy and endobles.
Medical lasers are medical devices used for the treatment of various diseases and removal of tissue. Increases in incidents in various diseases, such as heart diseases, urinary problems, skin problems and eye-related illnesses have resulted in increased acceptance of medical lasers as they provide non-invasive treatment. Apart from this, various medical lasers have been adopted in cosmetic surgery due to the increase in aesthetics.
Some of the prominent competitors include Bausch & Lomb Holdings, Inc., Biolase Inc., American Medical Systems, Inc., Inc., Photomedex, Inc., Alcon Laboratories, Cardio genesis Corporation, Angiodynamics, Inc., Lumenis Ltd., Syneron-Candela, IRIDEX Corp., Spectranetics Corporation, and Novadaq Technologies, Inc.
Depending on the application, the Global Market for Medical Laser is divided into Ophthalmology, Dermatology, Obstetrics, Gynecology, Urology, Cardiovascular and other fields. The use of laser systems is increasing in applications such as cardiovascular disease. The rapid technological development of cost-effective laser-based technologies for the prevalence and treatment of heart-related diseases is due to the growth of this market.
The Global Medical Lasers Market was valued at $5.1 billion in 2016 and is projected to grow at a CAGR of 13.4% during the forecast period.
The growth of the Medical Laser Market is accredited to an increase in at least invasive procedures, an increase in the incidence of eye disease, and an increase in cosmetic surgery. Rapid recovery, postoperative infection reduction, pain, scar reduction, increased control, and increased accuracy for bleeding are expected to increase demand for a variety of endoscopic devices. Surgical procedures have changed, including the introduction of minimally invasive surgery due to technological advances in surgical techniques and improvements in equipment manipulation.
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This report provides:
- Medical Lasers Market provides an analysis of current trends and future estimates to identify impending investment pockets and also provides quantitative analysis of the industry from 2019 to 2024 to enable the stakeholders to capitalize on the potential opportunities in the Market.
- By utilizing the information in this report, the user will be able to do a comprehensive analysis of the global market which will help to understand the adoption of ophthalmic devices in surgical, diagnostic and vision management applications.
- Competitive Intelligence highlights market-leading business practices across geographies.
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Medical Lasers Market Segmentation:
Market – by Product Type
- Solid-State Laser Systems
- Gas Laser Systems
- Dye Lasers Systems
- Diode Laser Systems
Market – by Application
Market – by End Use
Market – by Region
- North America
- Rest of North America
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
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