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Medical Laser Market - By Product (Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Diode Laser Systems), By Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiology, Gastroenterology), End-use & Forecast, 2023-2032

  • Report ID: GMI4417
  • Published Date: Mar 2023
  • Report Format: PDF

Medical Laser Market Size

Medical Laser Market size was valued at over USD 4.9 billion in 2022 and is projected to reach more than USD 18.7 billion by 2032. The medical laser industry is constantly evolving, with new and innovative technologies being developed regularly.
 

Medical Laser Market

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For example, advances in laser technology have led to the development of new laser types, such as Sciton, a maker of medical and aesthetic lasers, has started employing optical coherence tomography to take internal pictures of the skin. The company claims that by using non-invasive imaging technology, clinicians can evaluate the skin more accurately and receive feedback on the appropriate setting conditions for the best outcomes. Moreover, light is a powerful sensor, and by employing lasers, doctors and surgeons may make quicker and more accurate diagnoses based on quality at which the laser's light reflects back. This technology aids researchers in better understanding infections and developing treatments for them.

A medical laser is a device that produces a concentrated beam of light that can be used for medical purposes. Medical lasers are used in a wide range of applications, including surgery, dermatology, dentistry, ophthalmology, and aesthetic medicine. Medical lasers work by emitting light at a specific wavelength that is absorbed by a particular type of tissue. This allows the laser to target specific tissues while leaving surrounding tissues unharmed. Medical lasers can be used to cut, ablate, vaporize, or coagulate tissue, depending on the intended application.
 

Medical Laser Market Analysis

Global  Medical Laser Market Share By  Product

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The medical laser market is segmented based on product into solid state laser systems, gas laser systems, dye laser systems and diode laser systems. Solid state laser systems segment held the largest revenue size over USD 1.3 billion in 2022 and is estimated to witness significant growth during the forecast period. The segment's expansion can be attributed to rising inclination towards reusable medical lasers and being used in commercial manufacturing in the healthcare sector, which will increase the segment's revenue size. Moreover, increased demand for reusable medical lasers brought on by better scalability and high-volume capacity will favourably affect market expansion. Hence, due to aforementioned advantages, reusable medical lasers are becoming more popular, which will boost the segment's growth potential over the course of the analysis timeframe.
 

Medical laser market is bifurcated based on the application including ophthalmology, dermatology, gynecology, dentistry, urology, cardiology, gastroenterology, and others. Ophthalmology segment held largest revenue share of 20% in 2032. Segmental expansion can be attributed to an increase in the frequency of ocular illnesses that cause need for treatments through LASIK. Lasers are a crucial tool in ophthalmology due to their numerous benefits, including safety, accuracy, and relative affordability.
 

Medical Laser market by end-use is segmented into hospitals, specialty clinics, ambulatory surgical centers, and others. Hospitals segment accounting for over 32% market share in 2022. With increasing demand for aesthetic treatments and various attributed factors, including a growing acceptance of cosmetic procedures, growing medical tourism, advancements in technology, and increased accessibility to these treatments will drive the segmental growth. Furthermore, high demand of medical laser along with increased accessibility to aesthetic treatments will positively influence overall market growth.
 

Global Medical Laser Market Size By Region,

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North America medical laser market accounted for more than USD 2.1 billion in 2022 and will grow momentously during the analysis timeframe. The presence of industry players that are actively focusing on product innovation, rising R&D expenditure in the area, and the rising prevalence of cardiovascular, dermal, and other disorders are some of the key factors driving the North America medical lasers market size. Also, a rise in academic institutions and R&D initiatives for the creation of novel products will encourage regional market expansion in the years to come.
 

Medical Laser Market Share

Some of the notable key industry players operating in the medical laser industry include;

  • Alcon AG
  • Sisram Medical Ltd (Alma Lasers)
  • Boston Scientific Corporation
  • Bausch Health Companies, Inc. (Bausch & Lomb)
  • BIOLASE
  • Syneron Medical (Syneron Candela)
  •  Cynosure
  • Dentsply Sirona
  • Fotona
  • Koninklijke Philips N.V.
  • Ra Medical Systems
  • Topcon Corporation
  • IRIDEX Corporation
  • Cutera Inc 
     

Medical Laser market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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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
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for medical laser was more than USD 4.9 billion in 2022 and is projected to record a CAGR of over 14.5% from 2023 to 2032.

Medical laser market share from the gas laser systems segment is expected to record a 14% CAGR from 2023 to 2032 owing to its growing application scope in skincare procedures.

North America region held a substantial share of over 43% in the global medical lasers industry in 2022 owing to factors like rising investment in medical R&D and surging prevalence of CVD and other disorders.

Cynosure, Koninklijke Philips N.V., Boston Scientific Corporation, Inc., Alcon AG, Fotona, and IRIDEX Corporation are some of the key players in the market.

Medical Laser Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 214
  • Countries covered: 19
  • Pages: 170
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