Medical laser Market size to exceed $10 bn by 2025

Medical Laser Market size is set to exceed USD 10 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Increasing government support for adoption of medical laser in numerous applications worldwide will boost the demand for lasers during analysis timeframe. Photodynamic therapy (PDT) that involves a photosensitive drug in combination with a laser system, has been approved by regulatory agencies of various governments for the treatment of basal cell carcinoma and keratosis. Furthermore, government schemes to support the development of innovative devices used in medical laser applications will serve to be positive impact rendering factor in the business growth.

 

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Growing medical tourism in developing economies is poised to boost medical laser industry growth

Global Medical Laser Market, 2018 & 2025 (USD Million)
Global Medical Laser Market, 2018 & 2025 (USD Million)

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Rising patient preferences towards medical tourism will serve to be a primary factor driving the business growth. Countries such as Thailand and India among others offer affordable medical treatments with guaranteed insurance plans for secured patient management. Numerous such advantages thus encourage international patients to prefer treatments in developing economies and save on medical costs. Moreover, expanding opportunities for ophthalmology and dental tourism in Asia Pacific will further stimulate medical laser market progress over the forecast period.
 

Availability of solid state, gas, dye and diode laser systems for use in various medical applications will offer several growth opportunities

Solid state laser systems segment accounted for more than USD 1 billion in 2018 and will witness significant progress over the forthcoming years. Solid state laser uses a gain medium rather than gas or liquid dye media to ensure effective patient outcome. These lasers have high peak power pulses and are effectively used for harmonic generation, especially at low output powers. The solid-state lasers are extensively used in medical applications including eye surgery and optical transmission systems among others. Aforementioned factors will thus boost the overall segmental growth.
 

Browse key industry insights spread across 145 pages with 198 market data tables & 8 figures & charts from the report, “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 (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Price Trends, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/medical-laser-market
 

World Health organization estimates periodontal disease to be the 11th most prevalent disease globally

Medical lasers have application in ophthalmology, dermatology, gynecology, dentistry, urology, cardiology, gastroenterology and others. Dentistry segment held around 9% revenue share in 2018 and is expected to witness robust growth during the analysis period. Rising incidence of oral health problems as a result of unhealthy eating habits will primarily boost the business growth. Laser treatment is considered as the leading-edge treatment in treatment of various diseases including periodontal disease. According to WHO, periodontal disease is estimated to be the 11th most prevalent disease affecting larger population worldwide in 2018. Therefore, rising prevalence of periodontal disease and wide applications of medical laser systems in dentistry will prove beneficial for the segment expansion.
 

Surge in number of specialty clinics in developed economies will spur the segment size

Hospitals, specialty clinics, ambulatory surgical centers and others are included in the end-use segment. Specialty clinics segment is estimated to witness over 14.5% CAGR over the analysis period. Presence of technologically advanced systems to cater larger population along with focus on patient comfort will enhance the demand for laser treatments in specialty clinics. These clinics offer well-developed medical facilities and effective treatment in the presence of a professional healthcare team for improved patient outcomes. Such factors will thus augment the specialty clinics segmental growth in the foreseeable future.
 

The U.S. offers substantial growth opportunities for industry players to flourish

The U.S. medical laser market is projected to exceed USD 3.5 billion by 2025 owing to rising adoption of medical lasers in the country. Increasing health concerns along with awareness regarding laser treatments among the population will upsurge the business growth. Moreover, growing demand for cosmetic dentistry in the U.S. and presence of well-developed healthcare infrastructure will further foster medical laser industry progress in the country.
 

Innovative product portfolio offered by industry players such as Bausch & Lomb, Cynosure and Philips among others will drive business growth

Few of the notable industry players in medical laser systems market include Syneron-Candela, Lumenis, Koninklijke Philips, Alcon Laboratories, Ra Medical Systems, Cynosure, Dentsply Sirona, Biolase and Bausch & Lomb. These business players undertake various organic and inorganic growth strategies to enhance their financial stability and sustain market competition. For instance, in October 2018, Convergent Dental introduced the next generation Solea. It is a fast and efficient CO2 all tissue dental laser system that offers improved accessibility and a smaller footprint. This new product introduction enabled company to strengthen its existing product portfolio maintain market position.
 

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