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

Q: What is the global market size of Medical Laser Systems Market?

Global 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)..

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

Medical Laser Systems Market News

In March 2022, the only FDA-approved 755 nm picosecond laser system that uses quick pressure pulses rather than heat is Cynosure's PicoSure Pro system. All skin types can benefit from the safe and efficient elimination of pigmentation and skin renewal provided by this cutting-edge technology. The AMWC Congress in Monaco is where the unveiling is expected to happen.

In March 2021, the United States has seen the introduction of the Clear Brilliant Touch laser by Bausch Health Companies Inc. and its Solta Medical division. By combining two wavelengths, this next-generation solution provides patients with different skin types and ages with a personalized and all-encompassing therapy regimen.

In April 2021, FDA approved Lumenis Ltd.'s most recent IPL device, which was designed specifically to reduce the symptoms of dry eye illness caused by malfunctioning meibomian glands (MGD). This is a significant development in the management of dry eye syndromes.

Medical Laser Systems Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Medical Laser Systems Market News

Medical Laser Systems Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Medical Laser Systems Market?

Who are the key vendors in the Medical Laser Systems Market?

What is the key driver of Medical Laser Systems Market?

What is the key market trend for Medical Laser Systems Market?

Which region accounted for the largest share in Medical Laser Systems Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300