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Medical Laser Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-09 

Medical Laser Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Growing concerns among people regarding aesthetics across developing as well as developed countries is expected to drive medical laser market growth over the forecast period. Nowadays, medical lasers are widely used in several disciplines of medical treatment.  These lasers are increasingly being used to perform numerous surgical procedures including cosmetic surgery as people are increasingly opting for cosmetic surgeries to enhance appearance. Surging adoption of cosmetic surgeries across the globe would increase advanced medical laser system demands.

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Meanwhile, improvements in healthcare institutions coupled with the surging medical tourism trend in developing nations would likely further support the market growth. Additionally, favorable reimbursement policies designed for several laser procedures would generate lucrative opportunities of growth for industry players, fueling the business growth.

With growing significance of surgical procedures in peoples lifestyles, GMI, predicts that the medical laser market may surpass USD 10 billion valuations by 2025.

Based on product type, medical laser market can be segmented into gas laser systems, dye laser systems, solid-state laser systems, and diode laser systems. Among these, in 2018, gas laser systems accounted for about $900 million and the segment is expected to witness similar growth patterns in the coming years.

The segmental growth is likely to stem from the massive adoption of gas lasers while performing surgeries that are extremely sterile or involve the risk of significant blood loss. Surgeons and patients have reported these lasers to be more precise and less intrusive. Gas lasers have found a myriad range of applications in the skin, eye, and other surgeries, which will foster medical laser industry growth.

Medical lasers have found several applications in dermatology, dentistry, urology, gastroenterology, gynecology, ophthalmology, and other surgeries. Urology segment in particular, is expected to witness appreciable growth rate due to ongoing technological advances in the field of benign prostatic hyperplasia (BPH) and lithotripsy treatments to offer better accuracy, efficiency, and speed.

Several diseases, such as benign prostate hyperplasia, bladder tumors, and kidney stones are rather prevalent worldwide, resulting in colossal adoption of medical laser technology. It is predicted that urology segment will record around 16% CAGR over the forecast timeframe.

Asia Pacific is predicted to emerge as a potential growth ground for the global medical laser industry. The region is depicting proliferating medical tourism trends, due to the availability of high-quality and cost-effective treatments in countries, such as Malaysia, India, South Korea, etc.

Patients from overseas frequently visit these countries to leverage such advanced medical facilities in the region. Also, people are becoming more cognizant about the availability of advanced treatments and products. In accordance, APAC medical laser industry is expected to account for more than $2 billion by 2025.

Medical laser market players are continuously effectuating research & development activities to roll out novel treatments and devices. For instance, in January 2019, Alma introduced Soprano Titanium, a laser hair removal device to efficacy, comfort, and speed for treatment. The device was launched to accrue additional market share and earn more RoI.

 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/medical-laser-market

Partial Chapter of the Table of Content 

Chapter 4. Medical Laser Market, By Product

4.1. Key segment trends

4.2. Solid state laser systems

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Gas laser systems

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.4. Dye laser systems

4.4.1. Market size, by region, 2014 – 2025 (USD Million)

4.5. Diode laser systems

4.5.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Medical Laser Market, By Application

5.1. Key segment trends

5.2. Ophthalmology

5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. Dermatology

5.3.1. Market size, by region, 2014 – 2025 (USD Million)

5.4. Gynecology

5.4.1. Market size, by region, 2014 – 2025 (USD Million)

5.5. Dentistry

5.5.1. Market size, by region, 2014 – 2025 (USD Million)

5.6. Urology

5.6.1. Market size, by region, 2014 – 2025 (USD Million)

5.7. Cardiology

5.7.1. Market size, by region, 2014 – 2025 (USD Million)

5.8. Gastroenterology

5.8.1. Market size, by region, 2014 – 2025 (USD Million)

5.9. Others

5.9.1. Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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