Market Overview:
The global medical laser devices market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and technological advancements in medical laser devices. Based on type, the global medical laser devices market is segmented into solid-state laser systems, gas laser systems, dye lasers systems, and diode lasers systems. Solid-state lasers are expected to account for the largest share of the global medical laser devices market in 2018 owing to their high efficiency and low cost of ownership. Based on application, general surgical applications are expected to account for the largest share of the global medical laser devices market in 2018 followed by cosmetic surgical applications. Dental surgical applications are also anticipated to witness significant growth during the forecast period owing to rising demand for dental implants and other cosmetic procedures among consumers across regions.
Product Definition:
Medical lasers are devices that emit beams of light that can be used to cut, cauterize, or coagulate tissue. They are often used in surgery to remove tumors or other growths from the body.
Solid-State Laser Systems:
Solid-state laser systems are the most recent technological development in the field of medical lasers. They have replaced traditional gas and liquid lasers owing to their inherent advantages such as compact size, higher efficiency, and flexibility.
Gas Laser Systems:
Gas laser systems are classified into two types, namely CO2 and Argon lasers. These lasers produce light by the stimulated emission of either carbon dioxide or argon gas, respectively. The wavelength of these lights is typically around 1mm to 100mm. They are used in medical devices such as endoscopes for cutting and coagulation procedures along with treatment of cancer cells at a cellular level without harming the surrounding tissue structures.
Application Insights:
The general surgical segment dominated the global medical laser devices market in 2017. This can be attributed to increasing number of surgeries and rising geriatric population across the globe. According to a study published by World Health Organization (WHO), it is estimated that by 2050, there will be over 9 billion people in the world, which will lead to increase in demand for various healthcare services resulting in growth of this segment during forecast period.
Cosmetic surgery is one of the fastest-growing segments owing to growing awareness about appearance enhancement procedures among individuals as well as their willingness to spend more on these procedures due to increasing disposable income levels across various regions globally. Laser hair removal or skin rejuvenation using cosmetic surgeries are some other major application areas expectedto drive demand for these devices over next few years.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as increasing adoption of cosmetic surgeries, rising number of medical tourism and well-established healthcare infrastructure. Moreover, growing demand for aesthetic laser treatments is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising disposable income coupled with growing awareness about advanced technologies in countries such as China and India. In addition, increasing investments by key players for commercializing their products in this region are likely to boost revenue generation over the next eight years. For instance, Sunfire Laser Technologies Pvt Ltd., a subsidiary of Solaris Biosciences Corporation has entered into distribution agreement with Meditech Devices Pvt Ltd., an Indian company that markets its products throughout Asia Pacific including China & Japan and South Korea among other countries). Such strategies are expected propel revenue generation within APAC region during 2018’s forecast period.
Growth Factors:
- Increasing incidence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is expected to drive the demand for medical laser devices over the forecast period.
- Rising geriatric population is also anticipated to boost the market growth as this population is more susceptible to various chronic diseases that can be treated with medical laser devices.
- Technological advancements in medical laser devices are projected to fuel the market growth over the next few years. For instance, introduction of novel technologies such as photoacoustic microscopy and optogenetics has revolutionized diagnosis and treatment of various diseases using lasers. This is likely to create new opportunities for market players in coming years.
- Growing awareness about benefits of medical laser devices among healthcare professionals and patients is another key factor propelling the demand for these products worldwide .For instance, use of lasers for treating skin conditions such as acne scars has gained popularity in recent years owing to its non-invasive nature and high efficacy rates compared to other treatment options available in the market .This trend is likely to continue during forecast period , boosting overall demand for medical lasers . 5) increasing number private hospitals & clinics globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Laser Devices Market Research Report
By Type
Solid-State Laser Systems, Gas Laser Systems, Dye Lasers Systems, Diode Laser Systems
By Application
General Surgical, Cosmetic Surgical, Dental Surgical, Others
By Companies
Photomedex, Lumenis, Ellex, Biolase, Boston Scientific, Quantel, Topcon, Sciton, Alma Lasers
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Medical Laser Devices Market Report Segments:
The global Medical Laser Devices market is segmented on the basis of:
Types
Solid-State Laser Systems, Gas Laser Systems, Dye Lasers Systems, Diode Laser Systems
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
General Surgical, Cosmetic Surgical, Dental Surgical, Others
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:
- Photomedex
- Lumenis
- Ellex
- Biolase
- Boston Scientific
- Quantel
- Topcon
- Sciton
- Alma Lasers
Highlights of The Medical Laser Devices 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:
- Solid-State Laser Systems
- Gas Laser Systems
- Dye Lasers Systems
- Diode Laser Systems
- By Application:
- General Surgical
- Cosmetic Surgical
- Dental Surgical
- Others
- 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 Devices 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
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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 devices are medical devices that use lasers to treat various medical conditions. They can be used for a variety of purposes, such as reducing pain, treating skin conditions, and removing hair.
Some of the major players in the medical laser devices market are Photomedex, Lumenis, Ellex, Biolase, Boston Scientific, Quantel, Topcon, Sciton, Alma Lasers.
The medical laser devices market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Laser Devices 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 Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Laser Devices 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 Devices 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 Devices Market Size & Forecast, 2020-2028
4.5.1 Medical Laser Devices Market Size and Y-o-Y Growth
4.5.2 Medical Laser Devices 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 Solid-State Laser Systems
5.2.2 Gas Laser Systems
5.2.3 Dye Lasers Systems
5.2.4 Diode Laser Systems
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 General Surgical
6.2.2 Cosmetic Surgical
6.2.3 Dental Surgical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Laser Devices 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 Devices 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 Solid-State Laser Systems
9.6.2 Gas Laser Systems
9.6.3 Dye Lasers Systems
9.6.4 Diode Laser Systems
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 General Surgical
9.10.2 Cosmetic Surgical
9.10.3 Dental Surgical
9.10.4 Others
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 Solid-State Laser Systems
10.6.2 Gas Laser Systems
10.6.3 Dye Lasers Systems
10.6.4 Diode Laser Systems
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 General Surgical
10.10.2 Cosmetic Surgical
10.10.3 Dental Surgical
10.10.4 Others
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 Solid-State Laser Systems
11.6.2 Gas Laser Systems
11.6.3 Dye Lasers Systems
11.6.4 Diode Laser Systems
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 General Surgical
11.10.2 Cosmetic Surgical
11.10.3 Dental Surgical
11.10.4 Others
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 Solid-State Laser Systems
12.6.2 Gas Laser Systems
12.6.3 Dye Lasers Systems
12.6.4 Diode Laser Systems
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 General Surgical
12.10.2 Cosmetic Surgical
12.10.3 Dental Surgical
12.10.4 Others
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 Solid-State Laser Systems
13.6.2 Gas Laser Systems
13.6.3 Dye Lasers Systems
13.6.4 Diode Laser Systems
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 General Surgical
13.10.2 Cosmetic Surgical
13.10.3 Dental Surgical
13.10.4 Others
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 Devices Market: Competitive Dashboard
14.2 Global Medical Laser Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Photomedex
14.3.2 Lumenis
14.3.3 Ellex
14.3.4 Biolase
14.3.5 Boston Scientific
14.3.6 Quantel
14.3.7 Topcon
14.3.8 Sciton
14.3.9 Alma Lasers
