Market Overview:
The global medical laser cladding machine market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical lasers for various applications such as surgical implant making, production of medical auxiliary products, and others. In addition, the growing awareness about laser-based treatments is also contributing to the growth of this market.
Product Definition:
A medical laser cladding machine is a device that uses lasers to apply a coating of material to an object. The coating can be used to improve the appearance or function of the object, or to protect it from damage.
High power:
High power is the ability of a medical laser to deliver a beam with more than 5w output. The higher the power, the greater is its efficiency in cutting or treating material. Medical lasers are used for various applications such as skin rejuvenation, tattoo removal and treatment of cancer & vascular diseases. They are also used in dentistry for tooth extraction and reshaping along with cosmetic surgeries like liposuction and breast augmentation among others.
Low power:
Low power medical laser cladding machine is used for cutting and welding thin metal sheets. It is mainly used in the manufacturing of medical devices such as diagnostic equipment, surgical instruments, endoscopes, catheters and guidewires. The low power of these lasers allows them to cut through almost any material with ease; however they are not strong enough to cut thick materials like metals or glass.
Application Insights:
Based on application, the global medical laser cladding machine market has been segmented into surgical implant making, medical electronics production, other applications and regional markets. The surgical implant making application segment dominated the overall market in terms of revenue in 2017. This is attributed to increasing demand for various types of implants such as hip replacement devices and spinal implants that require precision-engineered products.
The rising number of cardiovascular procedures is also expected to contribute significantly towards growth over the forecast period due to an increase in demand for cardiac pacemakers and other associated equipment. In addition, growing awareness regarding minimally invasive surgeries coupled with technological advancements are further anticipated to drive product adoption over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and high adoption of advanced technologies in this region. Moreover, growing medical tourism due to availability of world-class healthcare services at affordable costs is also contributing towards increased demand for these machines in North America as compared to other regions.
Asia Pacific regional market captured a revenue share of over 20% owing to rising investments by key players for expanding their presence in this region coupled with growing awareness regarding laser products among end users, such as hospitals & clinics and manufacturers alike. Furthermore, increasing production facilities by major companies due to low manufacturing cost coupled with easy availability of skilled labor may be attributed towards growth opportunities for these machines across Asia Pacific regional market during the forecast period from 2018 To 2030 (estimated).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The medical laser cladding machine market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because these machines offer precision and accuracy, which are essential for such procedures.
- Technological advancements: The medical laser cladding machine market is expected to benefit from the ongoing technological advancements in this field. This is because new technologies are helping to improve the performance and accuracy of these machines, thus driving their adoption.
- Rising number of surgical procedures: The number of surgical procedures being carried out across the world is rising rapidly, which is benefiting the medical laser cladding machine market significantly. This growth can be attributed to factors such as an aging population and increasing prevalence of lifestyle-related diseases that require surgery for treatment/management thereof .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Laser Cladding Machine Market Research Report
By Type
High power, Low power
By Application
Medical Electronics Production, Surgical Implant Making, Production of Medical Auxiliary Products, Other
By Companies
Coherent, IPG Photonics, OR Laser, Trumpf, Wuhan Hans Goldensky Laser System, Flame Spray Technologies, Efesto
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Medical Laser Cladding Machine Market Report Segments:
The global Medical Laser Cladding Machine market is segmented on the basis of:
Types
High power, Low power
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Electronics Production, Surgical Implant Making, Production of Medical Auxiliary Products, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Coherent
- IPG Photonics
- OR Laser
- Trumpf
- Wuhan Hans Goldensky Laser System
- Flame Spray Technologies
- Efesto
Highlights of The Medical Laser Cladding Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High power
- Low power
- By Application:
- Medical Electronics Production
- Surgical Implant Making
- Production of Medical Auxiliary Products
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Laser Cladding Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical laser cladding machine is a device that uses lasers to create a thin, durable layer of metal on top of other materials. This layer can protect the underlying material from damage and make it easier to remove later if necessary.
Some of the major companies in the medical laser cladding machine market are Coherent, IPG Photonics, OR Laser, Trumpf, Wuhan Hans Goldensky Laser System, Flame Spray Technologies, Efesto.
The medical laser cladding machine market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Laser Cladding Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Laser Cladding Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Laser Cladding Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Laser Cladding Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Laser Cladding Machine Market Size & Forecast, 2018-2028
4.5.1 Medical Laser Cladding Machine Market Size and Y-o-Y Growth
4.5.2 Medical Laser Cladding Machine Market Absolute $ Opportunity
Chapter 5 Global Medical Laser Cladding Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Laser Cladding Machine Market Size Forecast by Type
5.2.1 High power
5.2.2 Low power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Laser Cladding Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Laser Cladding Machine Market Size Forecast by Applications
6.2.1 Medical Electronics Production
6.2.2 Surgical Implant Making
6.2.3 Production of Medical Auxiliary Products
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Laser Cladding Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Laser Cladding Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Laser Cladding Machine Analysis and Forecast
9.1 Introduction
9.2 North America Medical Laser Cladding Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Laser Cladding Machine Market Size Forecast by Type
9.6.1 High power
9.6.2 Low power
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Laser Cladding Machine Market Size Forecast by Applications
9.10.1 Medical Electronics Production
9.10.2 Surgical Implant Making
9.10.3 Production of Medical Auxiliary Products
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Laser Cladding Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Laser Cladding Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Laser Cladding Machine Market Size Forecast by Type
10.6.1 High power
10.6.2 Low power
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Laser Cladding Machine Market Size Forecast by Applications
10.10.1 Medical Electronics Production
10.10.2 Surgical Implant Making
10.10.3 Production of Medical Auxiliary Products
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Laser Cladding Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Laser Cladding Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Laser Cladding Machine Market Size Forecast by Type
11.6.1 High power
11.6.2 Low power
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Laser Cladding Machine Market Size Forecast by Applications
11.10.1 Medical Electronics Production
11.10.2 Surgical Implant Making
11.10.3 Production of Medical Auxiliary Products
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Laser Cladding Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Laser Cladding Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Laser Cladding Machine Market Size Forecast by Type
12.6.1 High power
12.6.2 Low power
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Laser Cladding Machine Market Size Forecast by Applications
12.10.1 Medical Electronics Production
12.10.2 Surgical Implant Making
12.10.3 Production of Medical Auxiliary Products
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Laser Cladding Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Laser Cladding Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Laser Cladding Machine Market Size Forecast by Type
13.6.1 High power
13.6.2 Low power
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Laser Cladding Machine Market Size Forecast by Applications
13.10.1 Medical Electronics Production
13.10.2 Surgical Implant Making
13.10.3 Production of Medical Auxiliary Products
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Laser Cladding Machine Market: Competitive Dashboard
14.2 Global Medical Laser Cladding Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Coherent
14.3.2 IPG Photonics
14.3.3 OR Laser
14.3.4 Trumpf
14.3.5 Wuhan Hans Goldensky Laser System
14.3.6 Flame Spray Technologies
14.3.7 Efesto
