Market Overview:
The global medical laser cutting 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 minimally invasive surgeries, technological advancements in medical lasers, and rising awareness about laser-based treatments. Based on type, the global medical laser cutting machine market is segmented into CO2 laser cutting machines, fiber laser cutting machines, and YAG lasers. The CO2 Laser Cutting Machine segment is expected to account for the largest share of the global medical laser cutting machine market in 2018. This can be attributed to its high efficiency and low cost of ownership as compared to other types of lasers used for medical applications. Based on application, the global medical laser cutting machine market is segmented into surgical instruments, orthopedic or trauma surgical implants, plastic casing (for endoscopes), and other applications (such as dental).
Product Definition:
A medical laser cutting machine is a device that uses a laser to cut tissue. It is commonly used in surgery to cut through tissue or bone. The importance of medical laser cutting machines lies in their ability to make precise cuts with minimal damage to surrounding tissue.
CO2 Laser Cutting Machine:
CO2 laser cutting machine is a gas-based semiconductor with an optical fiber that produces light by the stimulated emission of carbon dioxide. The wavelength of the emitted light is around 635 nm, which can be used for medical applications. CO2 laser has wide applications in dentistry and medicine as it offers high quality and precision along with low operating costs.
Fiber Laser Cutting Machine:
Fiber laser cutting machine is used in medical laser cutting machines market for surgical procedures. Fiber lasers are used to cut soft tissue with high precision and speed. The surgical fiber lasers can be classified into two types, namely, carbon dioxide (CO2) and dye-based (CO3) based fiber lasers. CO2 based fiber has longer wavelengths than CO3 but both have similar properties such as low absorption and high output power that makes them suitable for surgeries.
Application Insights:
Medical instrument segment dominated the global medical laser cutting machine market in 2017. This is attributed to increasing demand for innovative and complex devices that offer enhanced precision, coupled with growing investments by governments and healthcare institutions in the development of advanced technologies. For instance, CO2 lasers are used for cutting various types of medical instruments including endoscopes, surgical blades & saws, biopsy forceps etc., owing to their high accuracy and superior quality.
The plastic casing segment is expected to witness significant growth over the forecast period due to its rising application in various industries such as electronics, automotive & transportation etc., Plastic casings require a high level of precision during their manufacturing process which can be achieved by using a laser cutter machine.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of players and high adoption rate for advanced technologies. The region is expected to maintain its dominance over the forecast period due to increasing demand for medical devices and favorable reimbursement policies. Europe accounted for a significant share in terms of revenue, mainly due to growing R&D activities related to laser technology along with rising healthcare spending by government agencies.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing rising awareness about laser cutting machines among surgeons as well as patients, increasing disposable income coupled with improving healthcare infrastructure & facilities across emerging countries such as China, India and Japan are some factors contributing toward regional growth.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical laser cutting machine market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which are less risky and cause less pain and scarring as compared to traditional surgical procedures.
- Technological advancements: The medical laser cutting machine market is witnessing rapid technological advancements, with manufacturers introducing new products with enhanced features and capabilities. This is helping to drive the growth of the market.
- Rising number of surgical procedures: The number of surgical procedures being performed across the globe is increasing rapidly, which is driving demand for medical laser cutting machines. In addition, growing awareness about the benefits of minimally invasive surgery is also contributing to this trend.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Laser Cutting Machine Market Research Report
By Type
CO2 Laser Cutting Machine, Fiber Laser Cutting Machine, YAG Cutting Machine
By Application
Medical Instruments, Surgical Instruments, Orthopedic or Trauma Surgical Implant, Plastic Casing
By Companies
Trumpf, Han'S Laser, Bystronic, Mazak, Amada, Coherent, Prima Power, Mitsubishi Electric, HG Laser, Koike, DMG MORI, Tianqi Laser, Unity Laser
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Medical Laser Cutting Machine Market Report Segments:
The global Medical Laser Cutting Machine market is segmented on the basis of:
Types
CO2 Laser Cutting Machine, Fiber Laser Cutting Machine, YAG Cutting Machine
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 Instruments, Surgical Instruments, Orthopedic or Trauma Surgical Implant, Plastic Casing
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:
- Trumpf
- Han'S Laser
- Bystronic
- Mazak
- Amada
- Coherent
- Prima Power
- Mitsubishi Electric
- HG Laser
- Koike
- DMG MORI
- Tianqi Laser
- Unity Laser
Highlights of The Medical Laser Cutting 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:
- CO2 Laser Cutting Machine
- Fiber Laser Cutting Machine
- YAG Cutting Machine
- By Application:
- Medical Instruments
- Surgical Instruments
- Orthopedic or Trauma Surgical Implant
- Plastic Casing
- 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 Cutting 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?
Medical laser cutting machines are used to cut through various materials, including plastics and other soft materials. They use a focused beam of light to cut through the material, without causing any damage or harm to the surrounding area.
Some of the major companies in the medical laser cutting machine market are Trumpf, Han'S Laser, Bystronic, Mazak, Amada, Coherent, Prima Power, Mitsubishi Electric, HG Laser, Koike, DMG MORI, Tianqi Laser, Unity Laser.
The medical laser cutting machine market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Laser Cutting 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 Cutting Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Laser Cutting 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 Cutting 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 Cutting Machine Market Size & Forecast, 2020-2028
4.5.1 Medical Laser Cutting Machine Market Size and Y-o-Y Growth
4.5.2 Medical Laser Cutting Machine Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 CO2 Laser Cutting Machine
5.2.2 Fiber Laser Cutting Machine
5.2.3 YAG Cutting Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Medical Instruments
6.2.2 Surgical Instruments
6.2.3 Orthopedic or Trauma Surgical Implant
6.2.4 Plastic Casing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Laser Cutting 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 Cutting 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 CO2 Laser Cutting Machine
9.6.2 Fiber Laser Cutting Machine
9.6.3 YAG Cutting Machine
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 Market Size Forecast by Applications
9.10.1 Medical Instruments
9.10.2 Surgical Instruments
9.10.3 Orthopedic or Trauma Surgical Implant
9.10.4 Plastic Casing
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 CO2 Laser Cutting Machine
10.6.2 Fiber Laser Cutting Machine
10.6.3 YAG Cutting Machine
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 Market Size Forecast by Applications
10.10.1 Medical Instruments
10.10.2 Surgical Instruments
10.10.3 Orthopedic or Trauma Surgical Implant
10.10.4 Plastic Casing
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 CO2 Laser Cutting Machine
11.6.2 Fiber Laser Cutting Machine
11.6.3 YAG Cutting Machine
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 Market Size Forecast by Applications
11.10.1 Medical Instruments
11.10.2 Surgical Instruments
11.10.3 Orthopedic or Trauma Surgical Implant
11.10.4 Plastic Casing
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 CO2 Laser Cutting Machine
12.6.2 Fiber Laser Cutting Machine
12.6.3 YAG Cutting Machine
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 Market Size Forecast by Applications
12.10.1 Medical Instruments
12.10.2 Surgical Instruments
12.10.3 Orthopedic or Trauma Surgical Implant
12.10.4 Plastic Casing
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 CO2 Laser Cutting Machine
13.6.2 Fiber Laser Cutting Machine
13.6.3 YAG Cutting Machine
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) Market Size Forecast by Applications
13.10.1 Medical Instruments
13.10.2 Surgical Instruments
13.10.3 Orthopedic or Trauma Surgical Implant
13.10.4 Plastic Casing
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 Cutting Machine Market: Competitive Dashboard
14.2 Global Medical Laser Cutting Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trumpf
14.3.2 Han'S Laser
14.3.3 Bystronic
14.3.4 Mazak
14.3.5 Amada
14.3.6 Coherent
14.3.7 Prima Power
14.3.8 Mitsubishi Electric
14.3.9 HG Laser
14.3.10 Koike
14.3.11 DMG MORI
14.3.12 Tianqi Laser
14.3.13 Unity Laser
