Global Medical Laser Systems Market

Medical Laser Systems Market Size, Share, Growth Analysis, By Product type(Solid State Laser Systems, Gas Laser Systems), By Application(Ophthalmology lasers, Surgical Lasers), By End User(Hospital, Dermatology & Cosmetic Clinics) - Industry Forecast 2024-2031

Report ID: SQMIG35A2866 | Region: Global | Published Date: April, 2024
Pages: 214 | Tables: 93 | Figures: 70

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Medical Laser Systems Market size was valued at USD 3.9 billion in 2022 and poised to grow from USD 4.8 billion in 2023 to USD 10.2 billion by 2031, at a CAGR of 11.5% in the forecast period (2024-2031).

Many significant multinational competitors fighting for market share define the competitive landscape of the medical laser systems market. Companies with broad product portfolios and reach, such Lumenis Ltd., Alma Lasers Ltd., and Cutera Inc., dominate the market. El.En. S.p.A., Biolase Inc., and Cynosure Inc. are a few other notable participants. The market is becoming more competitive because of these businesses' constant innovation in introducing cutting-edge laser technology to meet the needs of various medical specialties. 'Bausch Health Companies Inc. (Canada)', 'Fujikura Ltd. (Japan)', 'Alcon Laboratories, Inc. (Switzerland)', 'Lumenis Be Ltd. (Israel)', 'Photomedex (U.S.)', 'LASOS Lasertechnik GmbH (Germany)', 'Bausch & Lomb Incorporated (U.S.)', 'Novadaq Technologies, Inc. (Canada)', 'Stryker (U.S.)', 'IRIDEX Corporation (U.S.)', 'CryoLife, Inc. (U.S.)', 'BIOLASE, Inc. (U.S.)', 'American Medical Systems (U.S.)', 'Cynosure (US) Modu-Laser (U.S.)'

Advances in flap production technology, such as the femtosecond laser, have improved vision and decreased the rate of flap complications and postoperative dry eye disease (DED). Furthermore, enhancements in laser ablation profiles have resulted in better vision, particularly in low-light conditions. Therefore, as eye diseases become more commonplace worldwide, there is an urgent demand for medical lasers.

Future in Laser Vision Correction and Advance Dermatological Technologies: The Refractive Surgery Council reports a rise in laser vision repair treatments in the United States. Additionally, there was an upward trend in the number of laser vision correction procedures performed in the third quarter of 2021, rising by 48.0% from 2020. in procedures including PRK, SMILE, LASIK, and others. The emphasis in the fields of dermatology and skincare has now moved from traditional therapeutic approaches to cutting-edge technologies. Over the projection period, this market is expected to see high growth potential.

The market for medical laser systems is dominated by North America due to the region's high level of disposable income, ageing population, and rising incidence of age-related illnesses. due to the quicker uptake of other medical laser technologies including crossbeam and diode lasers. Further pushing the need for medical laser systems in the area for related surgeries is the rising incidence of ophthalmology, cardiology, cancer, orthopedic, and dental illnesses. In 2019 the second-biggest market for medical laser systems was found in Europe. The European Medical Laser Association (EMLA) and the European Society for Lasers and Energy Based Devices (ESLD) offer forums for members to interact and advance laser technologies. This is probably going to increase medical laser systems' visibility throughout Europe.

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Global Medical Laser Systems Market

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