The Global Market for Medical Lasers is Projected to Reach US$8.1 Billion by 2022

Growing Acceptance of Lasers in Surgical and Diagnostic Procedures to Drive the Global Medical Lasers Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Medical Lasers market. The global market for Medical Lasers is projected to reach US$8.1 billion by 2022, driven by the rise in age-related eye diseases correctable by surgery; expanding use of lasers in oral surgeries; growing practice of cosmetic dermatology and emerging opportunities in laser based diagnostics especially in the field of cancer diagnosis.    

Medical Laser Systems refer to devices that emit monochromatic light beam in a highly concentrated form for the treatment or excision of tissues. Lasers find use in a number of medical applications, ranging from diagnosis and therapy to cosmetic procedures. Key application areas include ophthalmology, oncology, cosmetic surgery, cardiology, dentistry, gynecology, dermatology, gastroenterology, diagnostics and urology. Major factors driving growth of lasers in the medical market include improved adoption in diagnostic applications, technological advancements and rise in geriatric population that is resulting in higher prevalence of eye diseases and various other conditions that require surgical intervention for treatment. Also, driving demand is increasing emphasis on facial aesthetics. Ophthalmic lasers represents the largest market segment, supported by the rapidly aging population and the resulting increase in cataract and glaucoma patients and rising acceptance of related surgical treatments such as laser vitreolysis based procedures and refractive laser surgeries.

The market is also witnessing increasing penetration of femtosecond lasers that are used to surgically remove cataract and perform precise ocular microsurgeries. Additionally, use of laser technology, coupled with imaging technologies such as Optical Coherence Tomography (OCT) in early detection and diagnosis of eye disorders is contributing towards the growing popularity of ophthalmic lasers. Lasers are gradually gaining prominence in dentistry, with increasing use in both dental surgical and diagnostic procedures. Increasing incidence of dental disorders including periodontal diseases and dental caries is spurring demand for dental lasers, given the benefits such as shorter treatment time and lower operating costs. Soft tissue lasers are increasingly being used in the treatment of periodontal diseases and in cosmetic procedures. Aesthetic lasers offer ample growth opportunities, led by factors such as increasing prevalence of obesity and rising preference for non-surgical cosmetic procedures. Laser skin resurfacing and Laser skin tightening procedures currently represent the most sought after aesthetic laser treatments. Factors driving growth of surgical lasers include technological advancements of diode lasers and fiber lasers. The field of cardiology is witnessing a steady rise in the adoption of laser treatments.

As stated by the new market research report on Medical Lasers, the United States represents the largest market worldwide. Asia Pacific is forecast to emerge as the fastest growing market with a CAGR of 17.9% over the analysis period, led by factors such as improving healthcare infrastructure, growing demand for less invasive surgical procedures, increasing affordability of laser systems, and rise in demand for cosmetic procedures.

Major players in the market include AMD Lasers, AngioDynamics Inc., Bausch & Lomb Incorporated, BIOLASE Inc., Biolitec AG, Carl Zeiss Meditec AG, Cutera Inc., Cynosure Inc., Danaher, Lumenis Ltd., Nidek Co. Ltd., Spectranetics Corporation, Syneron Medical Ltd., and Topcon Corporation, among others.

The research report titled “Medical Laser Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in terms of value for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America) and Rest of World. Product segments analyzed include Surgical Lasers, Aesthetic Lasers, Ophthalmic Lasers, and Dental Lasers.

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