Global Medical Laser Systems Market: Industry Perspective, COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2030

Medical laser systems are used for the diagnosis and treatment of medical conditions such as blood vessel lesions, refractive eye surgeries, aesthetic procedures, laser surgeries and among others. Laser systems also have tissue interaction properties such as photo thermal effect and photo dynamic therapy. Medical laser system is gaining its importance in various branches of medicine which include dermatology, urology, cardiology, ophthalmology, radiology and among others. They are majorly used for the diagnosis, disease management and prevention such as rising incidence of eye related disorders in old age population, fracture detection, lithotripsy and others. In addition to this, the dermatology and dentistry sector is anticipated to grow rapidly in the upcoming years. The growth in these sectors is mainly due to the introduction of non-invasive aesthetic related medical treatments such as tattoo removal, scar removal, skin tightening, skin rejuvenation, and periodontics. Furthermore, usage of laser systems in angiography and angioplasty with minimal incisions and various examinations of radiology such as X-ray, computed tomography, magnetic resonance imaging and others have also contributed to growth of the medical laser market. The global medical laser systems market valued USD 7747.1 million in 2020 and it is expected to reach USD 21604.2 million by 2030 with the CAGR of 10.8% during the forecast period.
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Market Dynamics and Factors:
Increasing demand for the medical laser system across the globe, due to the growing incidences of eye disorders, rising number of patients using laser treatments for angiography and dermatological problems and increasing significance of aesthetics are some of the factors driving the growth of market. Additionally, recent developments in gynecology and ophthalmology for treatment of intra abdominal surgeries, cervical erosions, infertility and cataract surgeries with minimal incision, compact designs, high reliability, less pain and fast recovery are some of the major drivers that are contributing to the market growth over the forecast period. Furthermore, procedures like cool body sculpting, weight loss treatments, digital subtraction angiography, and cosmetic surgeries are expected to serve medical laser systems market with future opportunity growth. However, high cost of the equipments, safety regulations and availability of trained manpower are the restraining factors of this market.
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Market Segmentation:
Global Medical Laser Systems Market – By Product
Solid State Laser Systems
Gas Laser Systems
Global Medical Laser Systems Market – By Application
Ophthalmology
Dermatology
Gynecology
Dentistry
Urology
Cardiology
Surgeries
Others
Global Medical Laser Systems Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is estimated to dominate the medical laser systems market due to increase in health awareness, supportive technology development and infrastructure. Developing infrastructure and economic growth in Asia Pacific are setting up new standards for market growth during forecast period.
Competitive Scenario:
Key players in medical laser system include Biolase Inc, Boston scientific corporation, Alcon laboratories, Inc, Cryolife Inc, Lumenis Ltd, Photometex Inc, Ellex medical laser limited, Spectranetics Corporation, IRIDEX Corporation, Palomar medical technologies and Syneron medical Ltd.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Medical Laser Systems industry, although key threats, opportunities and disruptive technologies that could shape the Global Medical Laser Systems Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Medical Laser Systems Market most.
The data analysis present in the Global Medical Laser Systems Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Medical Laser Systems Market business.
The 2021 Annual Global Medical Laser Systems Market offers:
100+ charts exploring and analysing the Global Medical Laser Systems Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Medical Laser Systems Market type
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