The global Medical Laser Market size was estimated to be USD 5.71 billion in 2023 and is expected to reach at USD 22.22 billion by 2034 with a CAGR of 13.15% during the forecast period 2024-2034. The demand for minimally invasive and cosmetic procedures is on the rise, driven by the need for treating various diseases, surge in procedures related to vision correction, skincare, dermatology, & aesthetic laser treatments, growing adoption of minimally invasive anti-aging, skin lightening, & pigmentation removal options, reflecting an increased awareness of physical appearance, rising introduction of technologically advanced aesthetic laser systems designed for specific procedures, a heightened demand for procedure-specific laser treatments & novel energy-based systems, and increasing launch of cutting-edge medical laser systems are some of the key factors boosting the market growth.
Increasing launch of cutting-edge medical laser systems is predicted to boost the market growth during the forecast period. Laser therapy is a medical intervention employing a concentrated beam of light to cut, burn, or eliminate tissue. Light Amplification by Stimulated Emission of Radiation is referred to by the abbreviation LASER. Lasers find applications across various medical domains, with their initial uses dating back to ophthalmology and dermatology. In medical settings, lasers serve as a non-invasive and potent light source for treating tissues, facilitating rapid healing while minimizing scarring or discoloration. For instance, in April 2023, Lumibird Medical has introduced two advanced lasers, Tango Neo and Ultra Q Reflex Neo, as part of its next-generation lineup. The launch is part of Lumibird Medical's strategy to broaden its product portfolio.
By type, surgical lasers was the highest revenue-grossing segment in the global medical laser market in 2023 owing to the continual progress in technology, a significant presence of chronic diseases, an expanding use of minimally invasive surgeries, increasing incidence of ophthalmic disorders, growing number of surgical procedures facilitated by advancements in devices & procedures, and surge in regulatory approvals. For instance, in January 2022, BIOLASE, Inc., a significant player in dental lasers, and EdgeEndo, a company focused on commercializing endodontic products, have obtained FDA 510(k) clearance for the EdgePRO laser-assisted irrigation device. This device is utilized as an efficient cleaning and disinfection alternative in root canal procedures. Additionally, aesthetic lasers is predicted to grow at fastest CAGR during the forecast period owing to the rising count of minimally invasive cosmetic surgical procedures, increasing awareness about aesthetic treatments, and improvements in healthcare expenditure and reimbursement scenarios.
By product, consumables was the highest revenue-grossing segment in the global medical laser market in 2023 owing to the growing utilization of consumables per laser system and an increasing demand for various surgeries will consequently elevate the demand for these consumables. Additionally, laser systems is predicted to grow at fastest CAGR during the forecast period owing to the increasing disposable incomes, rising demand for laser treatments, and growing launch of new systems. For instance, in October 2022, Sensus Healthcare has introduced 'Silk,' the sole portable hair removal laser system available in the United States.
By end-user, specialty clinics was the highest revenue-grossing segment in the global medical laser market in 2023 owing to the expansion of specialty clinics in developing nations, an increase in per capita expenditure, and a rising demand for aesthetic appeal. Additionally, hospitals is predicted to grow at fastest CAGR during the forecast period owing to the increasing preference for hospital settings is driven by factors such as cost efficiency & improved patient care and rising collaborations within market players. For instance, in August 2022, The aesthetics device company Powered by MRP has formed a strategic partnership with the medical equipment company Perigee Medical. Perigee Medical serves as the authorized distributor for Jeisys Medical in the United States and Canada, offering products such as the Edge One CO2 fractional laser.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing need for medical procedures with minimal invasiveness, a strong inclination towards cosmetic interventions, a widespread adoption of innovative technologies, and rising launch of new systems. For instance, in April 2022, Acclaro Corporation has introduced UltraClear, a laser technology system, in the country. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the expansion of healthcare infrastructure, the proliferation of laser centers, a growing desire for anti-aging treatments, a surge in hair removal procedures, an escalating demand for aesthetic lasers, and growing collaborations within market players. For instance, in April 2023, Topcon will serve as the exclusive distributor for the entire portfolio of Espansione Group in the South East Asian region. This includes a range of light-based technologies such as Light Modulation Low-level Light Therapy and its flagship photobiomodulation technology, as well as Optimal Power Energy Intense Pulsed Light.
Increasing launch of cutting-edge medical laser systems is predicted to boost the market growth during the forecast period. Laser therapy is a medical intervention employing a concentrated beam of light to cut, burn, or eliminate tissue. Light Amplification by Stimulated Emission of Radiation is referred to by the abbreviation LASER. Lasers find applications across various medical domains, with their initial uses dating back to ophthalmology and dermatology. In medical settings, lasers serve as a non-invasive and potent light source for treating tissues, facilitating rapid healing while minimizing scarring or discoloration. For instance, in April 2023, Lumibird Medical has introduced two advanced lasers, Tango Neo and Ultra Q Reflex Neo, as part of its next-generation lineup. The launch is part of Lumibird Medical's strategy to broaden its product portfolio.
By type, surgical lasers was the highest revenue-grossing segment in the global medical laser market in 2023 owing to the continual progress in technology, a significant presence of chronic diseases, an expanding use of minimally invasive surgeries, increasing incidence of ophthalmic disorders, growing number of surgical procedures facilitated by advancements in devices & procedures, and surge in regulatory approvals. For instance, in January 2022, BIOLASE, Inc., a significant player in dental lasers, and EdgeEndo, a company focused on commercializing endodontic products, have obtained FDA 510(k) clearance for the EdgePRO laser-assisted irrigation device. This device is utilized as an efficient cleaning and disinfection alternative in root canal procedures. Additionally, aesthetic lasers is predicted to grow at fastest CAGR during the forecast period owing to the rising count of minimally invasive cosmetic surgical procedures, increasing awareness about aesthetic treatments, and improvements in healthcare expenditure and reimbursement scenarios.
By product, consumables was the highest revenue-grossing segment in the global medical laser market in 2023 owing to the growing utilization of consumables per laser system and an increasing demand for various surgeries will consequently elevate the demand for these consumables. Additionally, laser systems is predicted to grow at fastest CAGR during the forecast period owing to the increasing disposable incomes, rising demand for laser treatments, and growing launch of new systems. For instance, in October 2022, Sensus Healthcare has introduced 'Silk,' the sole portable hair removal laser system available in the United States.
By end-user, specialty clinics was the highest revenue-grossing segment in the global medical laser market in 2023 owing to the expansion of specialty clinics in developing nations, an increase in per capita expenditure, and a rising demand for aesthetic appeal. Additionally, hospitals is predicted to grow at fastest CAGR during the forecast period owing to the increasing preference for hospital settings is driven by factors such as cost efficiency & improved patient care and rising collaborations within market players. For instance, in August 2022, The aesthetics device company Powered by MRP has formed a strategic partnership with the medical equipment company Perigee Medical. Perigee Medical serves as the authorized distributor for Jeisys Medical in the United States and Canada, offering products such as the Edge One CO2 fractional laser.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing need for medical procedures with minimal invasiveness, a strong inclination towards cosmetic interventions, a widespread adoption of innovative technologies, and rising launch of new systems. For instance, in April 2022, Acclaro Corporation has introduced UltraClear, a laser technology system, in the country. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the expansion of healthcare infrastructure, the proliferation of laser centers, a growing desire for anti-aging treatments, a surge in hair removal procedures, an escalating demand for aesthetic lasers, and growing collaborations within market players. For instance, in April 2023, Topcon will serve as the exclusive distributor for the entire portfolio of Espansione Group in the South East Asian region. This includes a range of light-based technologies such as Light Modulation Low-level Light Therapy and its flagship photobiomodulation technology, as well as Optimal Power Energy Intense Pulsed Light.
Segmentation: Medical Laser Market Report 2023 - 2034
Medical Laser Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)
- Aesthetic Lasers
- Surgical Lasers
- Dental Lasers
- Others
Medical Laser Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Consumables
- Laser Systems
Medical Laser Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Specialty Clinics
Medical Laser Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Medical Laser Market: Type Estimates & Trend Analysis
8. Medical Laser Market: Product Estimates & Trend Analysis
9. Medical Laser Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Medical Laser Market
12. Europe Global Medical Laser Market
13. Asia Pacific Global Medical Laser Market
14. Latin America Global Medical Laser Market
15. MEA Global Medical Laser Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Boston Scientific (Lumenis Ltd)
- Bausch & Lomb Incorporated
- IRIDEX Corporation
- Cutera Inc.
- PhotoMedex Inc.
- Biolase Inc.
- Alma Lasers
- Alcon Laboratories Inc.
- Koninklijke Philips NV
- Syneron-Candela
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | January 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 5.71 Billion |
| Forecasted Market Value ( USD | $ 22.22 Billion |
| Compound Annual Growth Rate | 13.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
