Global Medical Lasers Market Forecast To Grow To ,586 Million by 2023Posted by sanjayhande on November 18th, 2019 Laser is an acronym for light amplification by stimulated emission of radiation, which has a specific wavelength and creates high-intensity light. Medical lasers are devices used for the treatment of various diseases, such as eye-related diseases, cardiology-related diseases, urology diseases, and tissue removal leading to increased adoption of lasers for diverse medical applications including ophthalmology, dermatology, urology, and cardiovascular. Furthermore, application of lasers is expected to increase in the area of aesthetics and cosmetic surgery. Globally, around 1.1 million laser hair removal procedures were performed in 2015; such high adoption of medical lasers in cosmetic surgery is expected to propel the market growth during the forecast period. Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/2549 The global medical lasers market was valued at ,116 million in 2016, and is projected to reach at ,586 million by 2023, registering a CAGR of 13.6% from 2017 to 2023. The cosmetic end use segment dominated the global market and accounted for a share of nearly half of the total market in 2016. The global medical lasers market is driven by rise in incidences of eye disorders related to the surge in elderly population, growth in number of patients using advanced laser-based treatments globally, and increase in importance of aesthetics. Stringent safety regulations and high rate of failure limit the market growth. Increased disposable incomes and demand for laser treatment in the emerging economies are expected to offer opportunities to the growth of medical laser system market during the forecast period. The cosmetic segment accounted for the major share in the medical lasers market, and is expected to continue its dominance throughout the forecast period. This segment is expected to grow at a CAGR of 14.9% from 2017 to 2023, owing to high adoption of medical lasers for cosmetic procedures globally. Key Findings of the Medical Lasers Market
The major companies profiled in the report includes
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