Medical Laser System Market Share, Trends & Analysis | 2031
Medical Laser System Market Share, Trends & Analysis | 2031
Segments - Medical Laser System Market by Type (Dental Lasers, Surgical Lasers, Aesthetic Lasers, and Others), Product (Gas laser system, Diode laser system, Dye laser system, Femtosecond laser system, Semiconductor laser system, and Solid-state laser system), Application (Dentistry, Urology, Aesthetic, Ophthalmology, Dermatology, Cardiovascular, and Gynecology), End-user (Cosmetic, Dental, Surgical, Hospitals, and Specialty Clinics) and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5200
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| 165 Pages
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Report Description
The global medical laser system market size was USD 4.6 Bn in 2022 and is likely to reach USD 8.6 Bn by 2031, expanding at a CAGR of 8.6% during 2023–2031. Rising number of cosmetic surgeries and non-invasive surgeries are expected to propel the medical laser system market.
The medical laser system is a medical devices used for precisely removing or treating damaged tissues. The term laser stands for light amplification by stimulated emission of radiation.
Medical laser systems are majorly used in biological specialties including urology, cardiology, and ophthalmology. Researchers and physicians focus on exploring lasers in medicine. In the past few decades, developments in laser technologies have played a major role in revolutionizing the healthcare sector. During surgery, a laser system aids doctors and surgeons in precisely focusing on a small area with less damage to other surroundings.
Patients experience less pain and the surgeries are easier than traditional surgery. Lasers are directly applied to the skin in cosmetic procedures for the removal of birthmarks, blemishes, thread veins, and wrinkles. Medical laser surgeries are usually taking less time than traditional surgeries and patients heal faster with a medical laser system.
Laser light transfers the energy of photons to the tissues because of absorption. In the variety of pathologies as a major interest in a less invasive treatment or no tissue damage, the usage of lasers was increased. In each field of medicine, multiple laser systems have been studied. For the ablation of abnormal conductive pathways, laser energy can be effectively and safely used.
The COVID-19 pandemic hampered the market. Many production houses stopped producing, while the demand increased. Regular medical services stopped across all regions worldwide, as medical professionals had to prioritize COVID-19 patients.
Medical laser system Market Dynamics
Key Trends:
Growing preference for minimally invasive surgeries (MIS) is a leading trend in the medical laser system market. Laser is majorly used in less time-consuming surgeries. MIS surgeries have better video assist equipment, which produces better and magnified images of the organs, in addition to other significant benefits, such as quick return to normal activities, and less major bleeding.
For instance, according to the American Society of Plastic Surgeons (ASPS)’s article published in February 2022, a total of 13,281,235 cosmetic minimally invasive surgeries were performed in the US in 2020.
Major Drivers
Increasing cosmetic surgeries and rising incidences of eye disorders are expected to boost the market in the coming years. Surgeons use a combination of cosmetic and dermatological treatments for successful results.
Rising demand for specific aesthetic laser systems is anticipated to drive the market, owing to attracting people to undergo aesthetic procedures such as laser hair removal, and acne reduction. The high prevalence of skin conditions fuels the market. Developed countries are influenced to undergo body restructuring or reshaping treatments due to sedentary lifestyles.
Existing Restraints
Strict regulations implemented by governments around the globe for safety procedures hinder the medical laser system market. Surgeries fail due to a lack of infrastructure and a dearth of skilled professionals can hamper the market. Some medical lasers can cause damage after contact with the human body and majorly affect the eyes and skin.
Medical laser surgeries are costlier than traditional or regular equipment-based surgeries. People from moderate to lower socioeconomic backgrounds cannot afford this kind of laser surgery due to the high cost of the approaches.
Emerging Opportunities
Increasing demand for cosmetic procedures creates opportunities for key players competing in the medical laser system market. Painless and non-invasive cosmetic procedures are anticipated to create lucrative opportunity for the medical laser system market.
Rising requirements for laser treatments create favorable opportunities in the market. Growing awareness about ophthalmology, cancer, dental diseases, and orthopedic elements is expected to create a lucrative opportunities.
Scope of the Medical Laser System Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Medical Laser System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Dental Lasers, Surgical Lasers, Aesthetic Lasers, and Others), Product (Gas Laser System, Diode Laser System, Dye Laser system, Femtosecond laser system Semiconductor laser system, and Solid-State Laser System), Application (Dentistry, Urology, Aesthetic, Ophthalmology, Dermatology, Cardiovascular, and Gynecology), and End-user (Cosmetic, hospitals, Dental, Surgical, and Specialty Clinics) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
LUMIBIRD; Alma Lasers; Candela Corporation; Bison Medical; DEKA M.E.L.A. srl; Lynton Laser Ltd; LightScalpel; Boston Scientific Corporation; AngioDynamics; IRIDEX Corporation; Herdeks |
Medical Laser System Market Segment Insights
On the basis of type, the medical laser system market is segmented into dental lasers, surgical lasers, aesthetic lasers, and others. The surgical laser segment is expected to register a robust growth during the forecast period, owing to the increasing demand for minimally invasive surgeries. The surgical laser is also used to remove moles, birthmarks, scars, and wrinkles. It minimizes the risk of damage to adjacent tissues.
Based on product, the medical laser system market is divided into gas laser systems, diode laser systems, dye laser systems, femtosecond laser system, semiconductor laser system, and solid-state laser systems. The solid-state laser system segment is expected to expand at a significant pace during the projection period, as it provides quality output and safe usage. Solid-state lasers have high efficiency and quick modulation response compared to others. This type of laser is capable of producing both continuous and pulsed output.
On the basis of application, the global market is segregated into dentistry, urology, aesthetic, ophthalmology, dermatology, cardiovascular, and gynecology. The dermatology segment is anticipated to account for the key share of the market during the forecast period, due to the growing demand for cosmetic procedure treatments. Co2 laser is used to remove a variety of skin lesions and is also used for skin cancer treatment by using vaporization and cutting methods. Increasing demand for painless and non-invasive cosmetic surgeries is likely to fuel the segment.
Based on end-user, the medical laser system market is segmented into cosmetic, dental, surgical, and specialty clinics. The hospital is projected to register a considerable CAGR during the forecast period. The hospital has a well-equipped infrastructure to provide easy access to the medical laser system which boosts the segment. The emergence of multi-specialty hospitals offering a diverse array of services. The availability of several options for surgeries at a low cost and the growing number of surgeries conducted in the hospital is further likely to boost the segment.
In terms of region, the global medical laser system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to a fast adoption of several medical technologies such as crossbeam laser and diode laser. Increasing awareness of cardiovascular, stomach cancer, orthopedic, and dental diseases and performing associated various medical laser surgeries in the region drives the market in the region.
The market in Europe is expected to be a rapidly growing region in the global market. European Medical Laser Association (EMLA), Energy Based Devices (ESLD), and Europeon society for lasers are the communication platforms where numerous members can exchange and promote laser technologies.
Segments
The global medical laser system market has been segmented on the basis of
Product
- Gas laser system
- Diode laser system
- Dye laser system
- Solid-state laser system
Application
- Dentistry
- Urology
- Ophthalmology
- Dermatology
- Cardiovascular
- Gynecology
End-user
- Cosmetic
- Hospitals
- Dental
- Surgical
- Specialty Clinics
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- LUMIBIRD
- Alma Lasers
- Candela Corporation
- Bison Medical
- DEKA M.E.L.A. srl
- Lynton Laser Ltd.
- LightScalpel
- Boston Scientific Corporation
- AngioDynamics
- IRIDEX Corporation
- Herdeks
Competitive Landscape
Key players competing in the global medical laser system market are LUMIBIRD; Alma Lasers; Candela Corporation; Bison Medical; DEKA M.E.L.A. srl; Lynton Laser Ltd; LightScalpel; Boston Scientific Corporation; AngioDynamics; IRIDEX Corporation; Herdeks
These key players adopt various strategies including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion to expand their consumer base globally.
- In January 2023, TU Wien (Vienna University of Technology) developed a new technology for X-ray Laser Pulses that is capable of sending pulses of a nanometer wavelength. Ytterbium laser is a point of initiation of the lasers, which crucial upgrade in the device.
- In April 2022, the Capsulo Nd:YAG laser has launched by the Lumibird Group, the parent company of Quantal Medical. It says the device is designed to be a versatile laser platform, fully integrated, enabling efficient, accurate capsulotomy and iridotomy treatments.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Laser System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Laser System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Laser System Market - Supply Chain
4.5. Global Medical Laser System Market Forecast
4.5.1. Medical Laser System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Laser System Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Medical Laser System Market Absolute $ Opportunity
5. Global Medical Laser System Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Medical Laser System Market Size and Volume Forecast by Applications
5.3.1. Dentistry
5.3.2. Urology
5.3.3. Ophthalmology
5.3.4. Dermatology
5.3.5. Cardiovascular
5.3.6. Gynecology
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Medical Laser System Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Medical Laser System Market Size and Volume Forecast by End Users
6.3.1. Cosmetic
6.3.2. Hospitals
6.3.3. Dental
6.3.4. Surgical
6.3.5. Specialty Clinics
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Medical Laser System Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Medical Laser System Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Medical Laser System Demand Share Forecast, 2019-2026
8. North America Medical Laser System Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Medical Laser System Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Medical Laser System Market Size and Volume Forecast by Applications
8.4.1. Dentistry
8.4.2. Urology
8.4.3. Ophthalmology
8.4.4. Dermatology
8.4.5. Cardiovascular
8.4.6. Gynecology
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Medical Laser System Market Size and Volume Forecast by End Users
8.7.1. Cosmetic
8.7.2. Hospitals
8.7.3. Dental
8.7.4. Surgical
8.7.5. Specialty Clinics
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Medical Laser System Demand Share Forecast, 2019-2026
9. Latin America Medical Laser System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Medical Laser System Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Medical Laser System Market Size and Volume Forecast by Applications
9.4.1. Dentistry
9.4.2. Urology
9.4.3. Ophthalmology
9.4.4. Dermatology
9.4.5. Cardiovascular
9.4.6. Gynecology
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Medical Laser System Market Size and Volume Forecast by End Users
9.7.1. Cosmetic
9.7.2. Hospitals
9.7.3. Dental
9.7.4. Surgical
9.7.5. Specialty Clinics
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Medical Laser System Demand Share Forecast, 2019-2026
10. Europe Medical Laser System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Medical Laser System Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Medical Laser System Market Size and Volume Forecast by Applications
10.4.1. Dentistry
10.4.2. Urology
10.4.3. Ophthalmology
10.4.4. Dermatology
10.4.5. Cardiovascular
10.4.6. Gynecology
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Medical Laser System Market Size and Volume Forecast by End Users
10.7.1. Cosmetic
10.7.2. Hospitals
10.7.3. Dental
10.7.4. Surgical
10.7.5. Specialty Clinics
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Medical Laser System Demand Share Forecast, 2019-2026
11. Asia Pacific Medical Laser System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Medical Laser System Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Medical Laser System Market Size and Volume Forecast by Applications
11.4.1. Dentistry
11.4.2. Urology
11.4.3. Ophthalmology
11.4.4. Dermatology
11.4.5. Cardiovascular
11.4.6. Gynecology
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Medical Laser System Market Size and Volume Forecast by End Users
11.7.1. Cosmetic
11.7.2. Hospitals
11.7.3. Dental
11.7.4. Surgical
11.7.5. Specialty Clinics
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Medical Laser System Demand Share Forecast, 2019-2026
12. Middle East & Africa Medical Laser System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Medical Laser System Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Medical Laser System Market Size and Volume Forecast by Applications
12.4.1. Dentistry
12.4.2. Urology
12.4.3. Ophthalmology
12.4.4. Dermatology
12.4.5. Cardiovascular
12.4.6. Gynecology
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Medical Laser System Market Size and Volume Forecast by End Users
12.7.1. Cosmetic
12.7.2. Hospitals
12.7.3. Dental
12.7.4. Surgical
12.7.5. Specialty Clinics
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Medical Laser System Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Medical Laser System Market: Market Share Analysis
13.2. Medical Laser System Distributors and Customers
13.3. Medical Laser System Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. LUMIBIRD
13.4.2. Alma Lasers
13.4.3. Candela Corporation
13.4.4. Bison Medical
13.4.5. DEKA M.E.L.A. srl
13.4.6. Lynton Laser Ltd.
13.4.7. LightScalpel
13.4.8. Boston Scientific Corporation
13.4.9. AngioDynamics
13.4.10. IRIDEX Corporation
13.4.11. Herdeks
Methodology
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