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 Ugalmugle, Rupali Swain
Industry trends
Medical Laser Market size valued at USD 4 billion in 2019 and is projected to grow at over 14.7% between 2019 and 2025. Technological advancement in medical lasers is a major factor stimulating the market growth.
Get more details on this report - Request Free Sample PDF
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.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2018 | Market Size in 2018: | 3.8 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 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: |
|
||
| Pitfalls & Challenges: |
|
||
Get more details on this report - Request Free Sample PDF
Diode laser systems offer convenience, efficiency, and more precise procedural output over other systems
The diode laser segment accounted for more than 25% medical laser market share in 2018 owing 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. Application of these lasers in minimally invasive surgeries to reduce post-surgical complications of laser treatment will boost the product demand.
Application of medical lasers in numerous dermatology and aesthetic procedures will increase its adoption
Get more details on this report - Request Free Sample PDF
Dermatology application segment in the medical laser market is estimated to witness around 14% growth rate through 2025. High segment growth is attributed 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 fuel the market demand.
Development in hospital settings pertaining to infrastructure and healthcare facilities will boost the medical laser market expansion
Hospitals segment revenue is anticipated to cross USD 3 billion by 2025 led by presence of state-of-the-art facilities. Moreover, increasing preference towards hospital settings due to cost efficiency and better patient care will further propel the segment growth. In addition, increasing number of hospitals implementing laser surgeries across the globe is another prime factor augmenting the industry expansion.
Changing industry dynamics and surge in demand for cosmetic surgeries will boost the medical laser usage
Get more details on this report - Request Free Sample PDF
Europe medical laser market size was more than USD 1 billion in 2018 on account of 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 the regional market value. Moreover, increasing investment in R&D to support development of advanced medical laser technology to ensure minimal complications and optimal results will drive the European market demand.
North American industry is poised to show significant growth during the forecast period impelled by 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
Few of the notable players operating in the medical laser market are Bausch & Lomb, Alcon, Lumenis, Fotona, Koninklijke Philips, Cynosure, American Medical Systems, Dentsply Sirona, Syneron-Candela and Ra Medical Systems. These companies 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.
The 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:
Market, By Product
- Solid state laser systems
- Gas laser systems
- Dye laser systems
- Diode laser systems
Market, By Application
- Ophthalmology
- Dermatology
- Gynecology
- Dentistry
- Urology
- Cardiology
- Gastroenterology
- Others
Market, 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) :
Buy Now
Need a Discount? Get in touch with us for special pricing
Request DiscountConnect with our sales team
- Phone: 1-302-846-7766
- Toll Free: 1-888-689-0688
- Email: sales@gminsights.com
- Chat With Us: Click here to start
Premium Report Details
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Customer Service
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.
GMIPulse, our report store
We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.