Global Medical Laser Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 279
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Medical Laser worldwide was worth $5.2 billion US dollars. AMR Group projects that the market will reach US$ 16.8 billion by 2031, growing at a CAGR of 16.3 percent between 2022 and 2031.
Industry Overview
Medical lasers are devices that emit high-energy light in a specific wavelength range, which can be used for a variety of medical purposes. Laser therapy is a form of medical treatment that uses lasers to create a focused beam of light that can target specific tissues in the body. The laser light can be used to cut or vaporize tissue, cauterize blood vessels, or stimulate healing in damaged tissues. Medical lasers have a wide range of applications in medicine, including: Surgery, Dermatology, Ophthalmology, Dentistry, Oncology. Overall, medical lasers offer a minimally invasive alternative to traditional surgical procedures, allowing for faster recovery times and less scarring.
Market Dynamics
The medical laser market has been growing rapidly in recent years, driven by a combination of factors including technological advancements, increasing demand for minimally invasive surgeries, and the rising prevalence of chronic diseases. One of the major drivers of growth in the medical laser market is the increasing adoption of minimally invasive surgeries. With the growing popularity of minimally invasive procedures, medical lasers have become an important tool for surgeons looking to perform surgeries with smaller incisions and reduced recovery times. This has led to a significant increase in demand for medical lasers across a range of medical specialties, including dermatology, ophthalmology, and urology. Another key factor driving growth in the medical laser market is the increasing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease. Medical lasers are increasingly being used in the treatment of these conditions, with applications ranging from cancer treatment to the management of diabetic retinopathy.
Technological advancements in medical laser technology have also contributed to the growth of the market. Newer laser systems offer greater precision, improved safety, and shorter recovery times, making them an attractive option for both patients and healthcare providers. Additionally, the development of compact and portable laser systems has made it easier for healthcare providers to offer laser treatments in outpatient settings. However, the medical laser market is not without challenges. One of the main challenges facing the market is the high cost of medical laser systems. Many healthcare providers may be reluctant to invest in expensive laser systems, particularly if they are not frequently used. In addition, regulatory issues and safety concerns can also impact the adoption of medical laser technology.
COVID Impact
The COVID-19 pandemic has had a mixed impact on the medical laser market. On one hand, the pandemic has led to a significant increase in demand for medical lasers in the treatment of respiratory conditions caused by COVID-19. On the other hand, the pandemic has also resulted in significant disruptions to supply chains and decreased demand for non-essential medical procedures, which has had a negative impact on the overall medical laser market. The COVID-19 pandemic has led to an increase in demand for medical lasers in the treatment of respiratory conditions caused by the virus. In particular, medical lasers are being used to treat acute respiratory distress syndrome (ARDS), a condition that can cause severe breathing difficulties in COVID-19 patients. Additionally, medical lasers are also being used in the development of rapid diagnostic tests for COVID-19. However, the pandemic has also resulted in significant disruptions to supply chains, which has impacted the production and distribution of medical laser systems. Many manufacturers have experienced delays in sourcing components and materials due to restrictions on travel and shipping. This has led to delays in the delivery of medical laser systems and increased costs for manufacturers. In addition, the pandemic has led to a decrease in demand for non-essential medical procedures, which has had a negative impact on the overall medical laser market. Many healthcare providers have postponed elective procedures, including cosmetic surgeries that often use medical lasers. This has resulted in decreased revenue for medical laser manufacturers and suppliers. Overall, while the COVID-19 pandemic has led to increased demand for medical lasers in the treatment of respiratory conditions caused by the virus, the overall impact of the pandemic on the medical laser market has been mixed. Disruptions to supply chains and decreased demand for non-essential medical procedures have had a negative impact on the market, while the increased demand for medical lasers in the treatment of COVID-19 has created new opportunities for manufacturers and suppliers.
Regional Trend
The medical laser market varies significantly by region, with differences in healthcare infrastructure, regulatory frameworks, and patient demographics all contributing to regional variations in demand and adoption of medical lasers. North America is currently the largest market for medical lasers, driven by factors such as a large and aging population, high healthcare expenditure, and advanced healthcare infrastructure. The US in particular accounts for the largest share of the North American market, with a strong focus on laser-based technologies for cosmetic and ophthalmic applications. Europe is also a significant market for medical lasers, driven by a large patient population and high levels of healthcare spending. The region has a well-established regulatory framework, which has contributed to the development of advanced medical laser technologies and a strong presence of key market players. The Asia-Pacific region is expected to see significant growth in the medical laser market, driven by factors such as the increasing prevalence of chronic diseases, growing demand for minimally invasive surgeries, and rising healthcare expenditure. Countries such as China, India, and Japan are expected to be key drivers of growth in the region. Latin America and the Middle East & Africa regions are also expected to see significant growth in the medical laser market, although adoption and demand for medical lasers in these regions is often limited by factors such as limited access to advanced healthcare infrastructure, regulatory challenges, and lower levels of healthcare spending.
Competitive Landscape
The medical laser market is highly competitive, with a number of large and small companies operating in the space. Some of the key players in the medical laser market include:
Lumenis: Lumenis is a leading manufacturer of medical lasers, offering a wide range of laser systems for use in various medical specialties.
Hologic: Hologic is a global medical technology company that offers medical laser systems for use in gynecology, dermatology, and other medical specialties.
Cynosure: Cynosure is a leading manufacturer of medical laser systems, offering devices for use in dermatology, plastic surgery, and other medical specialties.
Alma Lasers: Alma Lasers is a global medical technology company that offers a wide range of medical laser systems for use in various medical specialties.
Abbott Medical Optics: Abbott Medical Optics is a leading manufacturer of medical laser systems for use in ophthalmology, offering a range of laser systems for refractive and cataract surgery.
Boston Scientific: Boston Scientific is a global medical technology company that offers a range of medical laser systems for use in various medical specialties, including urology and cardiology.
AngioDynamics: AngioDynamics is a leading manufacturer of medical laser systems for use in oncology, offering a range of laser systems for tumor ablation and other cancer treatments.
Syneron Candela: Syneron Candela is a global medical technology company that offers medical laser systems for use in dermatology, plastic surgery, and other medical specialties.
Market Segmentation
Medical Laser Devices Market, by Type
Solid-State Laser Devices
· Neodymium Yttrium Aluminum Garnet Laser Devices (Nd:YAG)
· Erbium Yttrium Aluminum Garnet Laser Devices (Er:YAG)
· Holmium Yttrium Aluminum Garnet Laser Devices (Ho:YAG)
· Alexandrite Laser Devices
· Potassium Titanyl Phosphate Laser Devices
· Ruby Laser Devices
Gas Laser Devices
· Co2 Laser Devices
· Excimer Laser Devices
· Argon Laser Devices
· Helium-Neon (HE-NE) Laser Devices
· Krypton Laser Devices
· Metal Vapor (Copper and Gold) Laser Devices
Diode Laser Devices
Dye Laser Devices
Medical Laser Fiber Market, by Type
Disposable Laser Fiber
Reusable Laser Fiber
Medical Laser Devices Market, by Application
Dermatology
Ophthalmology
Urology
Dentistry
Cardiology
Gynecology
Other Applications
Medical Laser Fiber Market, by End User
General Surgeries
Urology
Dermatology
Gynecology
Cardiology
Dentistry
Other
Key Points:
Define, describe and forecast Medical Laser product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Medical Laser Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Medical Laser
1.3 Medical Laser Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Medical Laser
1.4.2 Applications of Medical Laser
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Topcon Corporation Market Performance Analysis
3.1.1 Topcon Corporation Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Topcon Corporation Sales, Value, Price, Gross Margin 2016-2021
3.2 Bausch & Lomb Holdings, Inc. Market Performance Analysis
3.2.1 Bausch & Lomb Holdings, Inc. Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Bausch & Lomb Holdings, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.3 Quantel laser Market Performance Analysis
3.3.1 Quantel laser Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Quantel laser Sales, Value, Price, Gross Margin 2016-2021
3.4 Nidek CO., LTD. Market Performance Analysis
3.4.1 Nidek CO., LTD. Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Nidek CO., LTD. Sales, Value, Price, Gross Margin 2016-2021
3.5 SharpLight Technologies Market Performance Analysis
3.5.1 SharpLight Technologies Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 SharpLight Technologies Sales, Value, Price, Gross Margin 2016-2021
3.6 Syneron Medical Ltd. Market Performance Analysis
3.6.1 Syneron Medical Ltd. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Syneron Medical Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.7 Deka Laser Technologies, Inc. Market Performance Analysis
3.7.1 Deka Laser Technologies, Inc. Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Deka Laser Technologies, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.8 Lumenis Ltd. Market Performance Analysis
3.8.1 Lumenis Ltd. Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Lumenis Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.9 CryoLife, Inc. Market Performance Analysis
3.9.1 CryoLife, Inc. Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 CryoLife, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.10 Novartis AG Market Performance Analysis
3.10.1 Novartis AG Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Novartis AG Sales, Value, Price, Gross Margin 2016-2021
3.11 Biolase Inc. Market Performance Analysis
3.11.1 Biolase Inc. Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Biolase Inc. Sales, Value, Price, Gross Margin 2016-2021
3.12 Alma Lasers Market Performance Analysis
3.12.1 Alma Lasers Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Alma Lasers Sales, Value, Price, Gross Margin 2016-2021
3.13 Sciton, Inc. Market Performance Analysis
3.13.1 Sciton, Inc. Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Sciton, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.14 Boston Scientific Corporation Market Performance Analysis
3.14.1 Boston Scientific Corporation Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Boston Scientific Corporation Sales, Value, Price, Gross Margin 2016-2021
3.15 Ellex Medical Lasers Ltd. Market Performance Analysis
3.15.1 Ellex Medical Lasers Ltd. Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Ellex Medical Lasers Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.16 Koninklijke Philips N.V. Market Performance Analysis
3.16.1 Koninklijke Philips N.V. Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Koninklijke Philips N.V. Sales, Value, Price, Gross Margin 2016-2021
3.17 IRIDEX Corporation Market Performance Analysis
3.17.1 IRIDEX Corporation Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 IRIDEX Corporation Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Medical Laser Production and Value by Type
4.1.1 Global Medical Laser Production by Type 2016-2021
4.1.2 Global Medical Laser Market Value by Type 2016-2021
4.2 Global Medical Laser Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Solid-State Laser Systems Market Production, Value and Growth Rate
4.2.2 Gas Laser Systems Market Production, Value and Growth Rate
4.2.3 Dye Lasers Systems Market Production, Value and Growth Rate
4.2.4 Diode Laser Systems Market Production, Value and Growth Rate
4.3 Global Medical Laser Production and Value Forecast by Type
4.3.1 Global Medical Laser Production Forecast by Type 2021-2026
4.3.2 Global Medical Laser Market Value Forecast by Type 2021-2026
4.4 Global Medical Laser Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Solid-State Laser Systems Market Production, Value and Growth Rate Forecast
4.4.2 Gas Laser Systems Market Production, Value and Growth Rate Forecast
4.4.3 Dye Lasers Systems Market Production, Value and Growth Rate Forecast
4.4.4 Diode Laser Systems Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Medical Laser Consumption and Value by Application
5.1.1 Global Medical Laser Consumption by Application 2016-2021
5.1.2 Global Medical Laser Market Value by Application 2016-2021
5.2 Global Medical Laser Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Surgical Market Consumption, Value and Growth Rate
5.2.2 Cosmetic Market Consumption, Value and Growth Rate
5.2.3 Dental Market Consumption, Value and Growth Rate
5.3 Global Medical Laser Consumption and Value Forecast by Application
5.3.1 Global Medical Laser Consumption Forecast by Application 2021-2026
5.3.2 Global Medical Laser Market Value Forecast by Application 2021-2026
5.4 Global Medical Laser Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Surgical Market Consumption, Value and Growth Rate Forecast
5.4.2 Cosmetic Market Consumption, Value and Growth Rate Forecast
5.4.3 Dental Market Consumption, Value and Growth Rate Forecast
6 Global Medical Laser by Region, Historical Data and Market Forecasts
6.1 Global Medical Laser Sales by Region 2016-2021
6.2 Global Medical Laser Market Value by Region 2016-2021
6.3 Global Medical Laser Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Medical Laser Sales Forecast by Region 2021-2026
6.5 Global Medical Laser Market Value Forecast by Region 2021-2026
6.6 Global Medical Laser Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Medical Laser Value and Market Growth 2016-2021
7.2 United State Medical Laser Sales and Market Growth 2016-2021
7.3 United State Medical Laser Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Medical Laser Value and Market Growth 2016-2021
8.2 Canada Medical Laser Sales and Market Growth 2016-2021
8.3 Canada Medical Laser Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Medical Laser Value and Market Growth 2016-2021
9.2 Germany Medical Laser Sales and Market Growth 2016-2021
9.3 Germany Medical Laser Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Medical Laser Value and Market Growth 2016-2021
10.2 UK Medical Laser Sales and Market Growth 2016-2021
10.3 UK Medical Laser Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Medical Laser Value and Market Growth 2016-2021
11.2 France Medical Laser Sales and Market Growth 2016-2021
11.3 France Medical Laser Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Medical Laser Value and Market Growth 2016-2021
12.2 Italy Medical Laser Sales and Market Growth 2016-2021
12.3 Italy Medical Laser Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Medical Laser Value and Market Growth 2016-2021
13.2 Spain Medical Laser Sales and Market Growth 2016-2021
13.3 Spain Medical Laser Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Medical Laser Value and Market Growth 2016-2021
14.2 Russia Medical Laser Sales and Market Growth 2016-2021
14.3 Russia Medical Laser Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Medical Laser Value and Market Growth 2016-2021
15.2 China Medical Laser Sales and Market Growth 2016-2021
15.3 China Medical Laser Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Medical Laser Value and Market Growth 2016-2021
16.2 Japan Medical Laser Sales and Market Growth 2016-2021
16.3 Japan Medical Laser Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Medical Laser Value and Market Growth 2016-2021
17.2 South Korea Medical Laser Sales and Market Growth 2016-2021
17.3 South Korea Medical Laser Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Medical Laser Value and Market Growth 2016-2021
18.2 Australia Medical Laser Sales and Market Growth 2016-2021
18.3 Australia Medical Laser Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Medical Laser Value and Market Growth 2016-2021
19.2 Thailand Medical Laser Sales and Market Growth 2016-2021
19.3 Thailand Medical Laser Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Medical Laser Value and Market Growth 2016-2021
20.2 Brazil Medical Laser Sales and Market Growth 2016-2021
20.3 Brazil Medical Laser Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Medical Laser Value and Market Growth 2016-2021
21.2 Argentina Medical Laser Sales and Market Growth 2016-2021
21.3 Argentina Medical Laser Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Medical Laser Value and Market Growth 2016-2021
22.2 Chile Medical Laser Sales and Market Growth 2016-2021
22.3 Chile Medical Laser Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Medical Laser Value and Market Growth 2016-2021
23.2 South Africa Medical Laser Sales and Market Growth 2016-2021
23.3 South Africa Medical Laser Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Medical Laser Value and Market Growth 2016-2021
24.2 Egypt Medical Laser Sales and Market Growth 2016-2021
24.3 Egypt Medical Laser Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Medical Laser Value and Market Growth 2016-2021
25.2 UAE Medical Laser Sales and Market Growth 2016-2021
25.3 UAE Medical Laser Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Medical Laser Value and Market Growth 2016-2021
26.2 Saudi Arabia Medical Laser Sales and Market Growth 2016-2021
26.3 Saudi Arabia Medical Laser Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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