Medical Lasers Market Analysis, Size, Share, Growth, Trends and Forecasts 2024

Posted by Yash Chauhan on February 26th, 2019

The medical laser is a non-invasive and less intense accurately intensive light source to eradicate or treat tissue which provides fast healing and rarely scarring and discoloration. The global medical lasers market is growing at a significant rate, due to the escalating need for medical lasers utilized for the treatment of several diseases and escalating need for non-invasive treatments.

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Different products such as diode laser systems, solid-state laser systems, dye laser systems, and gas laser systems contributed to the medical lasers market size. The market has witnessed a high demand for solid-state laser systems due to its wide uses in surgeries such as dermatology, ophthalmology, cardiology, gynecology, dentistry, and urology.

Mounting age-related ophthalmic disorders, technological advancements, the escalating need for medical lasers used for the treatment of various diseases, projection in healthcare settings, escalating demand for non-invasive treatments, and mounting acceptance of medical aesthetics treatments are the primary growth drivers for medical lasers market.

Widening applications of medical lasers, and expanding per capita healthcare expenditure are also facilitating the growth of the medical lasers market.

Geographically, North America is the largest medical lasers market as in the region the prevalence of skin and chronic diseases is increasing. In addition, the mounting need for cosmetic surgical procedures, advanced reimbursement policies and the presence of major established players in the region, are also up surging growth of the North American medical lasers market.

Asia-Pacific is observed to witness the fastest growth in the market, due to mounting healthcare expenditure. In addition, technologically advanced laser treatment, improving healthcare infrastructure, and expanding medical tourism are also creating a positive impact on the medical lasers market growth in the region.

Key players in the medical lasers market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In October 2018, Lumenis Ltd launched SPLENDOR X a solid state laser system at the 2018 American Society of Dermatological Surgery. BIOLASE, Inc., Lumenis Ltd., Syneron Medical Ltd., Boston Scientific Corporation, Novartis AG, Valeant Pharmaceuticals International, Inc., Ellex Medical Lasers Ltd., CryoLife, Inc., and PhotoMedex, Inc. are the key players offering medical lasers.

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Yash Chauhan

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Yash Chauhan
Joined: February 25th, 2019
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