Market Overview:
The Global Laser Probes Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for laser probes in medical applications, rising awareness about laser probes in geology and metallurgy applications, and growing adoption of laser probes in research applications. However, the high cost of lasers may restrain the market growth to some extent. Based on type, pulsed lasers are expected to hold a larger share of the global laser probe market than continuous wave lasers during the forecast period. This is due to their higher power output and shorter pulse duration as compared with continuous wave lasers. Based on application, medical applications are expected to account for a larger share of the global laser probe market than other application segments during the forecast period.
Product Definition:
A Laser Probe is a tool used to measure the thickness of a material. It emits a laser beam that is reflected off the material's surface. The probe then calculates the distance between the two points and uses this information to calculate the thickness of the material.
Pulsed Laser Probe:
Pulsed laser probe is a diagnostic device used for detecting the blood flow in tissues. It works on the principle of optical absorption by hemoglobin. The light beam generated from laser source is directed towards tissue and then absorbed by the blood which creates heat effect, which further helps in diagnosing diseases such as arthritis, cancer and others.
Continuous Wave Laser Probe:
Continuous Wave (cw) laser probe is a device used to measure the thickness of materials. It works on the principle of optical fiber transmission and reception. The basic working mechanism is based on modulated light traveling in an optical fiber through the material and back again to our eye, which detects its color or wavelength.
Application Insights:
The other application segment includes applications such as material testing, environmental, and others. The Metallurgy application segment accounted for the largest market share in 2017 owing to increasing demand for laser technology in various metallurgical processes such as cutting, welding and metal machining. Environmental applications of the device include borehole logging and coring operations. Medical uses of these devices include surgery by means of vaporization or ablation of tissue with minimal damage to surrounding structures.
The medical use is expected to be one of the fastest-growing segments over the forecast period due to rising adoption across a variety of surgical procedures including cosmetic surgeries and ophthalmic surgeries among others.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of Laser Probe manufacturers and research institutes. The region is expected to maintain its dominance over the forecast period due to increasing R&D activities and high adoption rate for advanced technologies. Asia Pacific regional market is anticipated to grow at a lucrative CAGR during the forecast period, which can be attributed to increasing funding from public & private entities as well as rising government initiatives pertaining with laser technology development in emerging countries like China & India. Moreover, growing medical tourism industry will also boost demand for laser products in this region eventually driving growth over the next eight years.
Europe was another major revenue contributor in 2017 owing bothto its developed economy as wellas increased focus on science and technology across Europe these days). In addition, there are many international collaborations between universities & research institutes from different countries that contribute significantly towards regional growth (for instance; European Southern Observatory collaboration with Chile).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgical procedures is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is primarily attributed to the growing preference for minimally invasive surgeries over traditional open surgeries, due to their shorter recovery times and lesser post-operative complications. Laser probes are extensively used in minimally invasive surgeries, making the laser probe market poised for growth.
- Rising prevalence of cancer: According to the World Health Organization (WHO), cancer is one of the leading causes of death worldwide, accounting for 8 million deaths in 2012 alone. The incidence of cancer is rising rapidly due to factors such as aging population, changing lifestyles, and increasing exposure to carcinogens. This has led healthcare providers across the globe to focus on early diagnosis and treatment of cancers using advanced technologies such as laser probes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Probes Market Research Report
By Type
Pulsed Laser Probe, Continuous Wave Laser Probe
By Application
Medical, Geology, Metallurgy, Surroundings, Research, Other
By Companies
FCI, Reimers & Janssen GmbH, Transonic Systems Inc., OphthalMed LLC, Iridex Corporation, Bausch & Lomb Incorporated, ADInstruments, Quantel Medical, Omega Laser Systems Limited, Vitreq, Lumenis
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Laser Probes Market Report Segments:
The global Laser Probes market is segmented on the basis of:
Types
Pulsed Laser Probe, Continuous Wave Laser Probe
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, Geology, Metallurgy, Surroundings, Research, 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:
- FCI
- Reimers & Janssen GmbH
- Transonic Systems Inc.
- OphthalMed LLC
- Iridex Corporation
- Bausch & Lomb Incorporated
- ADInstruments
- Quantel Medical
- Omega Laser Systems Limited
- Vitreq
- Lumenis
Highlights of The Laser Probes 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:
- Pulsed Laser Probe
- Continuous Wave Laser Probe
- By Application:
- Medical
- Geology
- Metallurgy
- Surroundings
- Research
- 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 Laser Probes 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?
Laser probes are a type of diagnostic tool that use lasers to image internal structures inside the body. They are used to diagnose conditions such as tumors, cysts, and abnormalities in the heart and other organs.
Some of the major companies in the laser probes market are FCI, Reimers & Janssen GmbH, Transonic Systems Inc., OphthalMed LLC, Iridex Corporation, Bausch & Lomb Incorporated, ADInstruments, Quantel Medical, Omega Laser Systems Limited, Vitreq, Lumenis.
The laser probes market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Probes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laser Probes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laser Probes Market - Supply Chain
4.5. Global Laser Probes Market Forecast
4.5.1. Laser Probes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laser Probes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laser Probes Market Absolute $ Opportunity
5. Global Laser Probes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Laser Probes Market Size and Volume Forecast by Type
5.3.1. Pulsed Laser Probe
5.3.2. Continuous Wave Laser Probe
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laser Probes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Laser Probes Market Size and Volume Forecast by Application
6.3.1. Medical
6.3.2. Geology
6.3.3. Metallurgy
6.3.4. Surroundings
6.3.5. Research
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laser Probes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Laser Probes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Laser Probes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Laser Probes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Laser Probes Demand Share Forecast, 2019-2026
9. North America Laser Probes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Laser Probes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Laser Probes Market Size and Volume Forecast by Application
9.4.1. Medical
9.4.2. Geology
9.4.3. Metallurgy
9.4.4. Surroundings
9.4.5. Research
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laser Probes Market Size and Volume Forecast by Type
9.7.1. Pulsed Laser Probe
9.7.2. Continuous Wave Laser Probe
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Laser Probes Demand Share Forecast, 2019-2026
10. Latin America Laser Probes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Laser Probes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Laser Probes Market Size and Volume Forecast by Application
10.4.1. Medical
10.4.2. Geology
10.4.3. Metallurgy
10.4.4. Surroundings
10.4.5. Research
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laser Probes Market Size and Volume Forecast by Type
10.7.1. Pulsed Laser Probe
10.7.2. Continuous Wave Laser Probe
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Laser Probes Demand Share Forecast, 2019-2026
11. Europe Laser Probes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Laser Probes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Laser Probes Market Size and Volume Forecast by Application
11.4.1. Medical
11.4.2. Geology
11.4.3. Metallurgy
11.4.4. Surroundings
11.4.5. Research
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laser Probes Market Size and Volume Forecast by Type
11.7.1. Pulsed Laser Probe
11.7.2. Continuous Wave Laser Probe
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attraciveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Laser Probes Demand Share, 2019-2026
12. Asia Pacific Laser Probes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Laser Probes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Laser Probes Market Size and Volume Forecast by Application
12.4.1. Medical
12.4.2. Geology
12.4.3. Metallurgy
12.4.4. Surroundings
12.4.5. Research
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laser Probes Market Size and Volume Forecast by Type
12.7.1. Pulsed Laser Probe
12.7.2. Continuous Wave Laser Probe
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Laser Probes Demand Share, 2019-2026
13. Middle East & Africa Laser Probes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Laser Probes Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Laser Probes Market Size and Volume Forecast by Application
13.4.1. Medical
13.4.2. Geology
13.4.3. Metallurgy
13.4.4. Surroundings
13.4.5. Research
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laser Probes Market Size and Volume Forecast by Type
13.7.1. Pulsed Laser Probe
13.7.2. Continuous Wave Laser Probe
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Laser Probes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Laser Probes Market: Market Share Analysis
14.2. Laser Probes Distributors and Customers
14.3. Laser Probes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FCI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Reimers & Janssen GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Transonic Systems Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. OphthalMed LLC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Iridex Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bausch & Lomb Incorporated
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ADInstruments
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Quantel Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Omega Laser Systems Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vitreq
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lumenis
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
