Medical Laser Market to Grow by CAGR of ~10% During 2023 – 2033

 Research Nester published a report titled “Medical Laser Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global medical laser market in terms of market segmentation by lasers type, product, application, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global medical laser market is projected to grow at a CAGR of ~10% by attaining robust revenue during the forecast period, i.e., 2023 – 2033. Skyrocketing sales of lasers are mainly anticipated to propel the growth of the market during the forecast period. The sales of lasers in 2021 were valued at more than USD 15 billion. Additionally, the booming demand for lasers in dermatology is further estimated to propel the market growth over the forecast period. As of 2022, the total worth of the skin treatment segment was estimated to reach nearly USD 0.60 billion.

Additionally, by application, the global medical laser market is segmented into cardiovascular, dentistry, dermatology, gynecology, ophthalmology, and others. Out of these sub-segments, the ophthalmology segment is estimated to obtain the largest share in the market during the forecast period. The growth of the segment can be accounted to increasing cases of eye diseases and disorders. For instance, in 2022, the ophthalmic devices segment amounted to approximately USD 30 billion.

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Furthermore, the global medical laser market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is estimated to grow at a rapid pace over the forecast period on the back of the spiking number of cosmetics surgeries. As of 2020, over 5 million cosmetic surgeries were performed in the United States alone.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Significant Penetration of Dental Problems to Foster the Growth of the Market

Approximately 65% of the adult USA population were noticed to visit dentists in 2020.

Higher demand for lasers can be observed in the dentistry segment since it includes the repairing of teeth which is very complex to perform. Lasers in dentistry are used to reshape the teeth & gums and remove the root canal. Moreover, other dental procedures such as, dentinal hypersensitivity, bleaching, restorative removal, curing, and caries prevention further require laser treatment. Therefore, such a higher utilization is anticipated to propel the growth of the market during the forecast period.

However, the possibility of side effects owing to laser surgeries and higher costs associated with the treatment is expected to operate as a key restraint to the growth of the global medical laser market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global medical laser market which includes company profiling of El.En. S.p.A., Lumenis Be Ltd., Cynosure LLC, BIOLASE, Inc., IRIDEX Corporation, Cutera, Inc., Candela Corporation, Ellex Inc., Topcon Corporationand Lumentum Operation LLC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global medical laser market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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