According to the current analysis of Reports and Data, the global Medical Laser Systems market was valued at USD 1808.2 Million in 2019 and is expected to reach USD 4925.1 Million by the year 2027, at a CAGR of 12.2%. The primary factor driving the growth of this industry is technological advancements. The latest advancements in technology have led to an increase in the number of its applications in the medical industry. These advancements have benefits such as small incisions, decrease in the intensity of pain and fast recovery after any surgical procedure. These devices are becoming more advanced with the employment of hand-held diodes. Moreover, the increase in the application of technology for various cosmetic treatments, including hair removal, skin rejuvenation, and body contouring also support market growth.
Increasing incidences of chronic and skin diseases and the growing aging population are other major factors contributing to the growth of this industry. Globally, the geriatric population plays a major role in the growth of the market. In old age, loss of fibrous tissue and reduced vascular and glandular network in the layers of skin takes place. The appearance and characteristics of skin alters and leads to wrinkles, dryness, pigmentary alteration, and sagging of the skin. According to the UN-DESA, the population of individuals above 60 years of age in the U.S. will be 107 Million and that in China would be 437 million. The growing geriatric population worldwide is leading to the increasing adoption of these devices; thus, supporting the growth of the overall industry.
For safe operation of a medical laser system, all its essential functions must be monitored exhaustively to ensure that a device will switch off as soon as any malfunction occurs. The essential quantities are the output power and the output energy for pulsed devices. Typically, the power and the energy are monitored at three positions: directly at the head, distal to the shutter and control system, proximal to the beam handling system and inside the optical end unit as close as possible to the exit.
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A comprehensive analysis of the value chain and downstream raw materials and upstream essentials is offered in the report. The market report also covers technical data, manufacturing and production costs, research and development activities, regulatory framework, macro and micro-economic factors, and globalization. The report further segments the Medical Laser Systems market on the basis of key companies, product types, applications, and key regions to impart better understanding of the Medical Laser Systems market.
Leading Companies Profiled in the Report are
Alcon Laboratories, AngioDynamics, American Medical Systems, Biolase, Bausch Lomb Holdings, and Cardiogenesis Corporation among others
Type (Revenue, USD Million; 2017–2027)
- Solid state laser systems
- Holmium Yttrium Aluminum Garnet Laser Systems
- Erbium Yttrium Aluminum Garnet Laser Systems
- Neodymium Yttrium Aluminum Garnet Laser Systems
- Potassium Titanyl Phosphate Laser Systems
- Alexandrite Laser Systems
- Ruby Laser Systems
- Gaseous state laser systems
- Co2 Laser Systems
- Argon Laser Systems
- Krypton Laser Systems
- Metal Vapor Laser Systems
- Helium – Neon Laser Systems
- Excimer Laser Systems
- Dye Laser Systems
- Diode Laser Systems
Application (Revenue, USD Million; 2017–2027)
End Use (Revenue, USD Million; 2017–2027)
Key Regions Covered in the Report:
North America, Europe, Asia Pacific, Latin America, and Middle East Africa
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The pharma and healthcare industry, over the recent past, has undergone a paradigm shift with regards to the adoption of advanced technologies. Integration of AI, ML, 3D printing, and AR/VR have accelerated the RD process, develop innovative and personalized medicines and therapies, and have improved efficiency and effectiveness of overall healthcare processing thereby improving patient outcomes. In addition, growing popularity and acceptance of wearable tech that enables patients to manage their health and make fruitful decisions and increasing integration of patient monitoring systems have further contributed to the revenue growth of the market. Progress in genomics and proteomics, focus on personalized medicine, and increasing number of clinical trials for pipeline therapeutics are further expected to create lucrative opportunities for key players in the market.
Key Benefits of the Global Medical Laser Systems Market Report:
- In-depth analysis of the market potential, threats, limitations, growth prospects and opportunities, drivers, restraints, challenges, and risks
- Analysis of the market opportunities and key trends to help stakeholders capitalize on the emerging prospects
- Analysis and accurate forecast estimation of the Global Medical Laser Systems Market
- Study of the key players including SWOT analysis and Porter’s Five Forces
- Analysis of each segment and sub-segment of the market to determine the growth trends and their market contribution
- Study of the developments in the competitive landscape such as agreements, partnerships, expansions, new product launches and brand promotions, and other market features
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Highlights of the TOC of the report:
- Chapter 1: Market overview
- Chapter 2: Global Medical Laser Systems market analysis
- Chapter 3: Regional analysis of the Medical Laser Systems industry
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
- So on
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