Medical Laser Market Size By Product (Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Diode Laser Systems), By Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiology, Gastroenterology), By End-use (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

Industry Statistics

Medical Laser Market size was more than USD 4.9 billion in 2022 and is projected to record over 14.5% CAGR from 2023 to 2032.
 

With an increasing demand for minimally invasive procedures in recent years, the application scope of surgical laser equipment has significantly widened in the healthcare sector. Medical lasers provide safer and better patient care with fewer scars and are therefore regaining wide-ranging applications in ophthalmology, dentistry, cardiology, urology, and other therapeutic fields.
 

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Strict safety regulations in the healthcare sector could impede the medical laser industry progress. According to regulatory requirements, it is necessary to maintain highly specialized lasers, which might increase the overall ownership costs of these systems. As a result, high deployment costs of some laser equipment and maintenance expenses may restrict the rate of product acceptance across the healthcare sector.
 

Growing application of gas laser systems in dermatology to influence market expansion

Medical laser market share from the gas laser systems is expected to record a 14% CAGR from 2023 to 2032. Gas laser systems are widely used in the dermatological procedures like eye, skin, and other surgeries. These systems enable cosmetic surgeon or dermatologist to target specific areas of the skin with precision, so that the treatment does not affect the skin nearby. Growing awareness regarding various skin conditions and eye disorders will boost system adoption. Awareness regarding skincare and painless procedures will further fuel the demand for gas laser systems in the medical field.
 

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Technological advancements to support medical laser use in dentistry applications

Medical laser market share from the dentistry segment is anticipated to grow at 15.5% CAGR over 2023 - 2032. Continued technological developments in laser systems and the incorporation of new gadgets and dental equipment will support segment growth. Laser systems are gaining application in dental procedures due to their various advantages like improved accuracy and precision along with shortened procedure times. The ability to substantially reduced the risk of infection should enhance system uptake in dentistry applications.
 

Growing popularity of super specialty clinics to stimulate product demand

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Medical laser market share from the others segment is anticipated to register a 14.5% CAGR between the forecast years 2023 to 2032. The others segment includes physician’s offices, super specialty hospitals, beauty clinics, cosmetic centers, etc. The number of laser treatment centers that are operated by qualified and accredited cosmetic laser specialists has grown at a substantial rate in the past decade. Super specialty clinics provide a variety of targeted services for different therapeutic fields. Awareness regarding the availability and benefits of cosmetic laser solutions will complement segment development.
 

Rising prevalence of CVD cases to augment North America medical laser market statistics

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North America region held a substantial share of over 43% in the medical laser market in 2022. Factors like the presence of renowned industry players who are actively working on product innovation, rising R&D expenditure in the healthcare sector, and the surging prevalence of cardiovascular, dermal, and other disorders should stimulate product demand in the region. A spike in academic institutions and R&D initiatives for the creation of novel laser systems will encourage regional market expansion in the years to come.
 

Strategic partnerships to boost market development

Bausch Health Companies, Sisram Medical Ltd (Alma Lasers), Topcon Corporation, Boston Scientific Corporation, Inc. (Bausch & Lomb), BIOLASE, Alcon AG, Syneron Medical (Syneron Candela), Ra Medical Systems, Cynosure, Koninklijke Philips N.V., Dentsply Sirona, Fotona, IRIDEX Corporation, and Cutera Inc. are some of the key players operating in the global market. These companies are entering into strategic partnerships to expand their business footprint.
 

Impact of COVID-19 pandemic on global medical laser market trends

The COVID-19 pandemic has had a negative effect on the global market due to the deferral of laser procedures during the outbreak. The disruptions and restrictions on elective surgery, such as cosmetic procedures and dental work, were the main factors that resulted in the reduction in the demand for new medical laser systems. For instance, Sisram, one of the leading medical laser manufacturers, reported a 16% decline in sales during the first half of 2020 compared to that in 2019.
 

The medical laser market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

By Product

• Solid state laser systems
• Gas laser systems
• Dye laser systems
• Diode laser systems

By Application

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

By End-use

• Hospitals
• Specialty clinics
• Ambulatory surgery centers (ASCs)
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Russia
  • Others
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Others
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Others
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Others