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), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Nov 2019  |  Report ID: GMI4417  |  Authors: Sumant Ugalmugale, Rupali Swain

Report Format: PDF   |   Pages: 145   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry trends

Medical Laser Market size exceeded USD 3.8 billion in 2018 and is expected to achieve over 14.7% CAGR up to 2025.
 

Medical Laser Market

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Medical lasers are devices that use precisely focused light sources to remove or treat tissues. These lasers are used in various types of surgical procedures, including cosmetic surgeries, refractive eye surgeries, dental procedures and general surgeries. Application of medical lasers allow surgeons to accomplish more complex tasks, decrease postoperative discomfort, reduce blood loss, achieve better wound healing and limit the chances of wound infection. Additionally, these lasers are incorporated with narrow beam of high intensity laser light that can be used for extremely precise surgical work.
 

The introduction of medical lasers can be tracked back in late 1960’s. Dr. Leon Goldman, an American dermatologist and surgeon studied the interaction of biological systems with laser light. In 1961, Goldman became the first scholar to use laser therapy for the treatment of melanoma. From the 1980s, more compact and powerful lasers were introduced for application in surgeries. The recent advances in laser scanning, fractionation and pulsing technologies have helped transform the clinical applications of laser surgeries. Such technological advancements in the medical laser support precise clinical results with shorter patient downtime and less complications. Hence, the aforementioned factors will significantly drive medical lasers market growth over the forecast period.
 

Medical Laser Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 4 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 14.7% 2025 Value Projection: 10.5 Billion (USD)
Pages: 145 Tables, Charts & Figures: 206
Geographies covered (18): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Segments covered: Product, Application, End-use and Region
Companies covered (14): Alcon Laboratories, Alma Lasers, American Medical Systems, Bausch & Lomb, Biolase, Candela Corporation, Cynosure, Dentsply Sirona, Fotona, Koninklijke Philips, Lumenis, Ra Medical Systems, Topcon Corporation and Sisram Medical
Growth Drivers:
  • Rising demand for minimally invasive surgical procedures
  • Technological advancement in medical lasers systems
  • Increasing demand for aesthetic procedures
  • Growing medical tourism in developing countries
Pitfalls & Challenges:
  • High installation costs
  • Stringent safety regulations

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Adoption of technologically advanced medical lasers to tackle procedural challenges

Technological advancement in medical lasers is a major factor stimulating industry expansion. Innovative developments in medical lasers have strongly impacted the overall business growth over the recent years. Currently, lasers are used in a wide array of applications including oncology, ophthalmology, cosmetic surgery, dentistry and general surgeries. These lasers with advanced technology offer several benefits such as smaller incisions, lesser pain and faster recovery times. Hence, surge in demand for such advanced products will foster industry progress.
 

Diode laser systems offer convenience, efficiency and more precise procedural output over other systems

Product segment of the medical laser market includes solid state laser systems, gas laser systems, diode laser systems and dye laser systems. The diode laser segment accounted for more than 25% revenue share in 2018. Segment growth is attributed to broad spectrum usage of these lasers across various healthcare settings. Diode lasers with wavelengths ranging from 810 to 980 nm are commonly used as a possible modality for soft tissue oral surgeries. Diode laser systems provide accurate results in shorter time span, that will augment its demand in the foreseeable future. Application of these lasers in minimally invasive surgeries to reduce post-surgical complications of laser treatment will further boost the product demand.  
 

Application of medical lasers in numerous dermatology and aesthetic procedures will increase its adoption

U.S. Medical Laser Market Share Statistics, By Application, 2018 (USD Million)

U.S. Medical Laser Market Share Statistics, By Application, 2018 (USD Million)

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Based on application, medical lasers are used in ophthalmology, dermatology, gynecology, dentistry, urology, cardiology, gastroenterology and other medical areas. Dermatology segment is estimated to witness around 14% CAGR over the projected years. High segment growth is attributable to numerous applications of medical lasers in the field of dermatology. In addition to their aesthetic indications, medical lasers have proven to be efficient in treating both cutaneous malignancies and primary skin diseases. Thus, rising awareness among people regarding various non-invasive aesthetic procedures will augment business growth.  
 

Development in hospital settings pertaining to infrastructure and healthcare facilities will augment industry growth

End-use segment covers specialty clinics, hospitals, ambulatory surgery centers (ASCs) and others. Hospitals segment is anticipated to exceed USD 3 billion by 2025 owing to presence of state-of-the-art facilities. Moreover, increasing preference towards hospital settings due to cost efficiency and better patient care will further propel segmental growth. In addition, increasing number of hospitals implementing laser surgeries across the globe is another prime factor augmenting industry expansion.
 

Changing industry dynamics and surge in demand for cosmetic surgeries will boost the medical laser usage

Europe Medical Laser Market Share, By Country, 2025 (USD Million)

Europe Medical Laser Market Share, By Country, 2025 (USD Million)

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Europe medical laser industry was valued at around 1 billion in 2018 owing to increasing patient demand for minimally and non-invasive body contouring procedures. Rise in establishment of aesthetic clinics in the European countries implementing medical lasers for dermal surgeries will spur regional market size. Moreover, increasing investment in R&D to support development of advanced medical laser technology to ensure minimal complications and optimal results will further drive regional growth.
 

North America medical laser market is projected to show significant growth over the coming years due to growing number of research studies to explore novel therapeutic applications of medical laser systems. Moreover, photonic companies from across the world find high potential in the U.S. market, thereby driving product sales in the region. Additionally, strong foothold of key industry players in North America will further boost North America medical lasers business growth during the analysis timeframe. 
 

Cynosure is one of the eminent players offering an extensive product portfolio in the medical laser market

Few of the notable players operating in the medical laser industry are Bausch & Lomb, Alcon, Lumenis, Fotona, Koninklijke Philips, Cynosure, American Medical Systems, Dentsply Sirona, Syneron-Candela and Ra Medical Systems. These market players focus on various strategies such as new product launches, acquisitions and collaborations to capture high revenue share in medical laser business.
 

Recent industry developments:

  • In July 2019, Ra Medical Systems announced the launch of Pharos, an optimized excimer laser for use in dermatology procedures. The laser offers enhanced patient and physician experience and faster treatments for vitiligo, psoriasis and atopic dermatitis. This new product launch will assist the company to expand its existing product portfolio and generate higher revenue.
     
  • In October 2018, Lumenis introduced an innovative laser system, SPLENDOR X, specifically designed for faster and effective hair removal and skin solutions. The novel product launch enabled the company to capitalize on market opportunities and gain a competitive edge over its competitors.  
     

Medical laser market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025, 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
  • Others

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

 

Frequently Asked Questions (FAQ) :

Medical lasers are devices that use precisely focused light sources to remove or treat tissues. These lasers are used in various types of surgical procedures, including cosmetic surgeries, refractive eye surgeries, dental procedures and general surgeries.
Europe industry for medical laser exceeded a valuation of USD 1 billion in 2018.
The diode laser segment of medical laser industry dominates the business with 25% revenue share in 2018.

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