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Medical Laser Market by Type, Application - Global Forecast to 2028

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    Report

  • 149 Pages
  • August 2021
  • Region: Global
  • Meticulous Market Research Pvt. Ltd.
  • ID: 5367475
Medical Lasers Market by Type (Solid-state Lasers, Gas Lasers, Dye Lasers, Diode Lasers), Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiovascular, Other Applications) - Global Forecast to 2028



The research report titled “Medical Lasers market by Type (Solid-state Lasers, Gas Lasers, Dye Lasers, Diode Lasers), Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiovascular, Other Applications) - Global Forecast to 2028” provides an in-depth analysis of the medical lasers market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecast till 2028. The Medical Lasers Market is estimated to reach a value of $2.99 billion by 2028, growing at a CAGR of 14.2% during the forecast period, 2021-2028.

The growth of this market is mainly attributed to the increasing number of cosmetic procedures, rising preference for minimally invasive procedures, and increasing prevalence of eye disorders. In addition, the growth of medical tourism is expected to provide significant growth opportunities for market players.

The study offers a comprehensive analysis of the medical lasers market with respect to the type (solid-state lasers {holmium yttrium aluminum garnet lasers (Ho: YAG), erbium yttrium aluminum garnet lasers (Er: YAG), neodymium yttrium aluminum garnet lasers (Nd: YAG), potassium titanyl phosphate lasers, Alexandrite lasers, and ruby lasers}, Gas Laser {CO2 lasers, excimer lasers, argon lasers, helium-neon (He-Ne) lasers, krypton lasers, and metal vapor (copper and gold) lasers}, dye laser, diode laser), application (dermatology, ophthalmology, urology, dentistry, cardiology, gynecology, and other applications) and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the medical lasers market is segmented into solid-state, gas, dye, and diode lasers. The solid-state lasers market is segmented into holmium yttrium aluminum garnet lasers (Ho:YAG), erbium yttrium aluminum garnet lasers (Er:YAG), neodymium yttrium aluminum garnet lasers (Nd:YAG), potassium titanyl phosphate lasers, Alexandrite lasers, and ruby lasers. The solid-state lasers segment is expected to account for the largest share in 2021. Various public and private companies have started developing solid-state lasers to support their adoption in various medical applications. The use of solid-state lasers in medical applications, such as treatment processes for scar removal, melisma treatment, and skin resurfacing, has encouraged various healthcare facilities to adopt these lasers for performing treatments.

Based on application, the dermatology segment is expected to account for the largest share in 2021. The growing demand for cosmetic surgeries and minimally invasive cosmetic procedures drive this segment. However, the urology segment is expected to grow at a high CAGR during the forecast period. In dermatology, lasers are used for various treatments, such as vascular lesions, pigmented lesions and tattoos, hair removal, facial wrinkles, scars, sun-damaged skin, and skin cancers. Thus, the demand for lasers is high in dermatology applications.

Geographically, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The North American region is estimated to account for the largest share of the medical lasers market in 2021. The large share of this region is primarily attributed to the presence of major vendors in the region, technological advancements in medical devices, government investments to promote innovation in the healthcare segment, the exponential growth of aesthetic/cosmetic procedures, and rapid increase in ophthalmic surgeries, such as cataracts. However, the Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period.

The key players operating in the global medical lasers market are Lumenis, Ltd. (Israel), Fotona d.o.o. (Slovenia), BIOLASE, Inc. (U.S.), IRIDEX Corporation (U.S.), CUTERA, INC. (U.S.), Alna-Medicalsystem AG & Co. KG (Germany), Bausch & Lomb Incorporated (U.S.), Boston Scientific Corporation (U.S.), Alcon, Inc. (Switzerland), STRYKER CORPORATION (U.S.), Alma Lasers (Israel), biolitec AG (Germany), Bluecore Company (South Korea), Cynosure (U.S.), PhotoMedex (U.S.), and Spectranetics (U.S.).

Key Questions Answered in the Report

  • Which are the high-growth market segments in terms of type, application, and geography?
  • What is the historical market size for the medical lasers market?
  • What are the market forecasts and estimates for the period 2021-2028?
  • What are the major drivers, restraints, opportunities, and challenges in the medical lasers market?
  • Who are the major players in the market, and what share of the market do they hold?
  • Who are the major players in various countries, and what share of the market do they hold?
  • How is the competitive landscape for the medical lasers market?
  • What are the recent developments in the medical lasers market?
  • What are the different strategies adopted by the major players in the market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the medical lasers market, and how do they compete with the other players?

Scope


Medical Lasers Market, by Type

  • Solid-state Lasers
  • Neodymium Yttrium Aluminum Garnet Lasers (Nd:YAG)
  • Erbium Yttrium Aluminum Garnet Lasers (Er:YAG)
  • Holmium Yttrium Aluminum Garnet Lasers (Ho:YAG)
  • Alexandrite Lasers
  • Potassium Titanyl Phosphate Lasers
  • Ruby Lasers
  • Gas Lasers
  • CO2 Lasers
  • Excimer Lasers
  • Argon Lasers
  • Helium-Neon (HE-NE) Lasers
  • Krypton Lasers
  • Metal Vapor (Copper and Gold) Lasers
  • Diode Lasers
  • Dye Lasers

Medical Lasers Market, by Application

  • Dermatology
  • Ophthalmology
  • Urology
  • Dentistry
  • Cardiology
  • Gynecology
  • Other Applications

Medical Lasers Market, by Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Spain
  • Rest of Europe
  • Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa (MEA)
Frequently Asked Questions about the Global Medical Laser Market

What is the estimated value of the Global Medical Laser Market?

The Global Medical Laser Market was estimated to be valued at $1.6 Billion in 2021.

What is the growth rate of the Global Medical Laser Market?

The growth rate of the Global Medical Laser Market is 15.3%, with an estimated value of $4.3 Billion by 2028.

What is the forecasted size of the Global Medical Laser Market?

The Global Medical Laser Market is estimated to be worth $4.3 Billion by 2028.

Who are the key companies in the Global Medical Laser Market?

Key companies in the Global Medical Laser Market include and Medicalsystem AG & Co. KG (Germany), Bausch & Lomb Incorporated (U.S.), Boston Scientific Corporation (U.S.), Alcon, Inc. (Switzerland), STRYKER CORPORATION (U.S.), Alma Lasers (Israel), biolitec AG (Germany), Bluecore Company (South Korea), Cynosure (U.S.), PhotoMedex (U.S.) and Spectranetics (U.S.)..

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions for the Study
3. Executive Summary
4. COVID-19: Impact Assessment
4.1. Scenario A: Severe Impact
4.2. Scenario B: Moderate Recovery
4.3. Scenario C: Fast Recovery
5. Market Insights
5.1. Introduction
5.2. Drivers
5.2.1. Increasing Number of Cosmetic Procedures
5.2.2. Rising Preference for Minimally Invasive Procedures
5.2.3. Increasing Prevalence of Eye Disorders
5.3. Restraints
5.3.1. High Cost of Medical Lasers
5.3.2. Stringent Safety Regulations
5.4. Opportunity
5.4.1. Growth of Medical Tourism
5.5. Challenges
5.5.1. Risks Associated with Lasers
6. Global Medical Laser Devices Market, by Type
6.1. Introduction
6.2. Solid-State Laser Devices
6.2.1. Neodymium Yttrium Aluminum Garnet Laser Devices (Nd:Yag)
6.2.2. Erbium Yttrium Aluminum Garnet Laser Devices (Er:Yag)
6.2.3. Holmium Yttrium Aluminum Garnet Laser Devices (Ho:Yag)
6.2.4. Alexandrite Laser Devices
6.2.5. Potassium Titanyl Phosphate Laser Devices
6.2.6. Ruby Laser Devices
6.3. Gas Laser Devices
6.3.1. Co2 Laser Devices
6.3.2. Excimer Laser Devices
6.3.3. Argon Laser Devices
6.3.4. Helium-Neon (He-Ne) Laser Devices
6.3.5. Krypton Laser Devices
6.3.6. Metal Vapor (Copper And Gold) Laser Devices
6.4. Diode Laser Devices
6.5. Dye Laser Devices
7. Global Medical Laser Fibers Market, by Type
7.1. Introduction
7.2. Disposable Laser Fibers
7.3. Reusable Laser Fibers
8. Global Medical Laser Devices Market, by Application
8.1. Introduction
8.2. Dermatology
8.3. Ophthalmology
8.4. Urology
8.5. Dentistry
8.6. Cardiology
8.7. Gynecology
8.8. Other Applications
9. Global Medical Laser Fibers Market, by Application
9.1. Introduction
9.2. General Surgeries
9.3. Urology
9.4. Dermatology
9.5. Gynecology
9.6. Cardiology
9.7. Dentistry
9.8. Other Applications
10. Global Medical Laser Market, by Geography
10.1. Introduction
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.3. Europe
10.3.1. Germany
10.3.2. U.K.
10.3.3. Italy
10.3.4. France
10.3.5. Spain
10.3.6. Rest of Europe (ROE)
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. South Korea
10.4.4. India
10.4.5. Rest of Asia-Pacific (ROAPAC)
10.5. Latin America
10.6. Middle East & Africa
11. Competitive Landscape: Global Medical Laser Market
11.1. Introduction
11.2. Key Growth Strategies
11.3. Medical Laser Devices Market Share Analysis (2020)
11.3.1. Alcon Inc.
11.3.2. Lumenis, Ltd.
11.3.3. Cynosure LLC
12. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12.1. Alcon Inc.
12.2. Lumenis, Ltd
12.3. Cynosure LLC
12.4. Alma Lasers (A Subsidiary of Sisram Medical Ltd)
12.5. Cutera, Inc.
12.6. Fotona d.o.o.
12.7. BIOLASE, Inc.
12.8. IRIDEX Corporation
12.9. Alna-Medicalsystem AG & Co. KG ( A Part of Alna-Holding AG)
12.10. Bausch & Lomb Incorporated (A Part of Bausch Health Companies, Inc.)
12.11. Boston Scientific Corporation
12.12. Stryker Corporation
12.13. Biolitec AG (A Subsidiary of BioMed Technology Holdings Limited)
12.14. Bluecore Company
12.15. Photomedex
12.16. Spectranetics (A Part of Philips Healthcare)
12.17. MED-Fibers, INC.
12.18. Clarion Medical Technologies (A Part of Richards Packaging, Inc.)
12.19. Olympus Corporation
13. Appendix
13.1. Questionnaire
13.2. Available Customization

Companies Mentioned

Lumenis, Ltd. (Israel), Fotona d.o.o. (Slovenia), BIOLASE, Inc. (U.S.), IRIDEX Corporation (U.S.), CUTERA, INC. (U.S.), Alna-Medicalsystem AG & Co. KG (Germany), Bausch & Lomb Incorporated (U.S.), Boston Scientific Corporation (U.S.), Alcon, Inc. (Switzerland), STRYKER CORPORATION (U.S.), Alma Lasers (Israel), biolitec AG (Germany), Bluecore Company (South Korea), Cynosure (U.S.), PhotoMedex (U.S.) and Spectranetics (U.S.).