Global Medical Lasers Market is expected to grow with a CAGR of 11% during the forecast period of 2018 to 2026. The Market was valued at US$ 6,102 million in 2020 and is anticipated to reach US$ 13,958 million by 2030. The study analyzes the market in terms of revenue and sales volume across all the major markets. The use of laser applications in medical treatments are based on the interaction of a specific bandwidth of radiation with the biological tissues of a human body. The goal of the therapeutic application of laser radiation is to stimulate controlled, and specific improvement in the irradiated tissue so as to improve the health of the patient. The medical laser treatments using non-surgical medical procedures is gaining popularity in Medical Lasers market due to lower level of complexity related with the procedure and decreasing cost of laser treatments.
Competitive Outlook: Alcon Laboratories, Cardiogenesis Corporation, Angiodynamics, Inc., Lumenis Ltd., Syneron-Candela, Biolase Inc., American Medical Systems, Inc., Inc., Photomedex, Inc., Bausch & Lomb Holdings, Inc., IRIDEX Corp., Spectranetics Corporation, and Novadaq Technologies, Inc.
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Medical Lasers Market, by End User:
The Botox cosmetic treatments and other neurotoxins are becoming much more popular among younger clientele. Coolsculpting is one such non-invasive procedures that specifically removes unwanted fat from any part of the body. The procedure has proven to potentially remove the fat from the belly region or even double chins. Femtosecond lasers are used in ophthalmology, which is moderately less expensive and is now widely accepted in cosmetic surgeries. All these trends are quick, painless and often has no downtime, which is ultimately factoring to the growth of the market.
Medical Lasers Market, by Region:
North America generates huge market share attributed to its adoption of advanced technologies into their healthcare system. Asia Pacific is expected to witness fast growth in the upcoming years on account of rapidly changing lifestyles, increasing medical tourism, and rising incidences of sun damage in tropical countries such as India and China.
Competitive Landscape:
The report provides both, qualitative and quantitative research of the market, as well as provides worthy insights into the rational scenario and favored development methods adopted by the key contenders. The Medical Lasers Market report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter, competitors, product/service type, application and specification, pricing, and gross margin.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
• Neutral viewpoint on the market performance
• Recent industry trends and developments
• Competitive landscape & approaches of major players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• Detailed analysis of the Medical Lasers Market
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