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Medical Laser Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMHE21563

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Published On

November 2021

Total pages

248 Table of Content

Market Overview
Scope Of The Report
Product covered
Table Of Content
Research Methodology
FAQs

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About the Report

Medical Lasers are medical devices which focus light precisely on the required area to treat or remove tissues. The term 'laser' stands for light amplification by Stimulated Emission of Radiation. Ordinary light like that from a light bulb has many wavelengths and spreads in all directions. Laser lights on the other hand have a specific wavelength. It is focused in a narrow beam and creates a very high-intensity light. Since lasers can focus very accurately on tiny areas, they can be used for very precise surgical work or for cutting through tiny tissue sections (in place of scalpel).

Lasers are used in all kinds of surgical procedures, from cosmetic surgery (to remove tattoos, scars, stretch marks, wrinkles, sunspots, spider veins, hair etc.), refractive eye surgery, dental procedures, and general surgery (for treatments of cataract, breast, tumour, plastic surgery, and other such procedures). When used properly, lasers allow surgeons to accomplish more complex tasks, reduce blood loss, decrease postoperative discomfort, reduce the chance of wound infection, and achieve better wound healing. As with any type of surgery, laser surgery has potential risks. Risks of laser surgery include incomplete treatment of the problem, pain, infection, bleeding, scarring and other skin color changes.

Laser surgery uses non-ionizing radiation, so it does not have the same long-term risks as x-rays or other types of ionizing radiation.

Based on Product, the Medical Laser Market is segmented into Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, and Diode Laser Systems. Amongst Product, the Diode Laser Systems segment dominated the market in 2020.

Based on Application, the Medical Laser Market is segmented into Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiology, Gastroenterology, and Others. Dermatology segment accounted for major market share in 2020.

Based on End-User, the Instrument Transformer market is segmented into Hospitals, Specialty Clinics, Ambulatory Surgical Centers, and Others. Amongst Application, the Hospitals segment accounted for more than 50% share in 2020.

For a better understanding of the market adoption of Medical Laser Industry, the market is analysed based on its presence in the regions such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America will dominate the Medical Laser market on account of increasing popularity of aesthetic treatment.

Some of the major players operating in the market include Bausch Health Companies Inc., Biolase Inc., Boston Scientific Corporation, Cryolife Inc., Ellex Medical Lasers Limited, Iridex Corporation, Koninklijke Philips N.V., Lumenis Ltd., Novartis Ag, and Syneron Medical Ltd. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Medical Laser Market was valued at USD 3 billion in 2020 and is projected to expand significantly with a CAGR of 15% during the forecast period 2021-2027F. The Medical Laser Market is expected to witness a boost on account of its high adoption in the North America region.

Scope of the Report

Products

Medical Lasers are medical devices which focus light precisely on the required area to treat or remove tissues.

Companies

Bausch Health Companies Inc., Biolase Inc., Boston Scientific Corporation, Cryolife Inc., Ellex Medical Lasers Limited, Iridex Corporation, Koninklijke Philips N.V., Lumenis Ltd., Novartis Ag, and Syneron Medical Ltd

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Medical Laser Market

2.2. Research Methodology of the Medical Laser Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Medical Laser Market Study

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 MEDICAL LASER MARKET COVID-19 IMPACT

6 MEDICAL LASER MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

7.1. Solid State Laser Systems

7.2. Gas Laser Systems

7.3. Dye Laser Systems

7.4. Diode Laser Systems

8 MARKET INSIGHTS BY APPLICATION

8.1. Ophthalmology

8.2. Dermatology

8.3. Gynaecology

8.4. Dentistry

8.5. Urology

8.6. Cardiology

8.7. Gastroenterology

8.8. Others

9 MARKET INSIGHTS BY END-USER

9.1. Hospitals

9.2. Specialty Clinics

9.3. Ambulatory Surgical Centers

9.4. Others

10 MARKET INSIGHTS BY REGION

10.1. NORTH AMERICA MEDICAL LASER

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America MARKET

10.2. EUROPE MEDICAL LASER MARKET

10.2.1. Germany

10.2.2. United Kingdom

10.2.3. France

10.2.4. Spain

10.2.5. Italy

10.2.6. Rest of Europe

10.3. ASIA-PACIFIC MEDICAL LASER MARKET

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Aurstralia

10.3.5. Rest of Asia-Pacific

10.4. REST OF THE WORLD MEDICAL LASER MARKET

11 MEDICAL LASER MARKET DYNAMICS

11.1. Drivers

11.2. Challenges

11.3. Impact Analysis

12 MEDICAL LASER MARKET OPPORTUNITIES

13 MEDICAL LASER MARKET TRENDS

14 LEGAL AND REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Competitive Landscape

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Bausch Health Companies Inc.

18.2. Biolase Inc.

18.3. Boston Scientific Corporation

18.4. Cryolife Inc.

18.5. Ellex Medical Lasers Limited

18.6. Iridex Corporation

18.7. Koninklijke Philips N.V.

18.8. Lumenis Ltd.

18.9. Novartis Ag

18.10. Syneron Medical Ltd.

19 DISCLAIMER

Research Methodology

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