Lasers stands for light amplification by stimulated emission of radiation, which has a specific wavelength creating high-intensity light. These are medical devices used for the treatment of various diseases and tissue removal. The adoption of lasers has increased for diverse medical applications including ophthalmology, dermatology, urology, and cardiovascular, and its application is expected to increase in the area of aesthetics and cosmetic surgery. The global medical lasers market was valued at $5,116 million in 2016, and is projected to reach at $12,586 million by 2023, registering a CAGR of 13.6% during the forecast period from 2017 to 2023.
Rise in incidence of eye disorders due to growth in aged population, increase in number of patients using advanced laser-based treatments globally, and surge in importance of aesthetics are the factors that drive the market growth. Furthermore, stringent safety regulations and high rate of failure of laser-based surgical procedure hamper the market growth. Increased disposable incomes and growth in demand for laser treatment in the emerging countries are expected to offer lucrative opportunities for the market growth.
The report segments the global medical lasers market into product type, application, end use, and region. Medical lasers based on the product are classified into solid-state laser systems, gas laser systems, dye laser systems, and diode laser systems. The solid-state laser systems segment is further categorized into holmium yttrium aluminum garnet laser (Ho:Yag) systems, erbium yttrium aluminum garnet laser (Er:Yag) systems, neodymium yttrium aluminum garnet laser (Nd:Yag) systems, potassium titanyl phosphate laser systems, alexandrite laser systems, and ruby laser systems. Moreover, the gas laser systems are divided into CO2 laser systems, argon laser systems, krypton laser systems, metal vapor (copper and gold) laser systems, helium‐neon (He-Ne) laser systems, and excimer laser systems.
Based on the application, the market is categorized into ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular, and others. Region wise analysis of the market is done across North America, Europe, Asia-Pacific, and LAMEA.
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The global medical lasers market is segmented based on product type, application, end use, and geography.
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