Global Medical Laser Systems Market Research Report
Dublin, March 25, 2022 (GLOBE NEWSWIRE) — The “Medical Laser Systems Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product Type (Diode Lasers, Semiconductor Lasers, and Dye Lasers), Application (Dermatology, Ophthalmology, Gynecology, dentistry, cardiology, urology, others), and end user, and geography” report has been added to from ResearchAndMarkets.com offer.
Medical Laser Systems Market is expected to reach US$5,834.02 million by 2028 from US$2,398.60 million in 2021; it is expected to grow at a CAGR of 13.5% from 2021 to 2028.
The increasing prevalence of eye disorders is one of the key factors driving the growth of the market. Corneal diseases are the second leading cause of blindness worldwide, after cataracts. According to the report published by the American Academy of Ophthalmology, cataracts affect more than 24.4 million Americans aged 40 and over. Additionally, diabetic retinopathy affects nearly 7.7 million Americans age 40 and older.
To prevent this, laser vision correction by medical laser systems is the most common surgical procedure. Additionally, advances in laser ablation profiles have resulted in better quality of vision, including better night vision. Thus, the increasing prevalence of eye disorders around the world increases the demand for medical lasers.
The semiconductor laser segment would account for the largest market share during the period 2021-2028. Semiconductor lasers have gained attention in the global market due to their significant improvement in the performance of these specialized lasers. This is rated in terms of output power levels, wall outlet efficiency, reliability, and available wavelength range from the pump diodes and diode arrays.
Additionally, modular, multi-wavelength solid-state lasers provide therapeutic radiation that is effective for laser lithotripsy, laser angioplasty, neurosurgery, general surgery, and dentistry. In addition, solid-state lasers have had successful medical applications for many years due to their rapid use and low absorbency in water, which penetrates deep into the skin and is mainly used in dermatology for treatment. hair removal and tissue rejuvenation.
By application, the medical laser system market is segmented into dermatology, ophthalmology, gynecology, dentistry, cardiology, urology, and others. The ophthalmology segment was going to dominate the market in the coming years. Advances in medical laser systems have enabled successful surgeries for multiple eye diseases, such as diabetic retinopathy, retinal tears, detachment, and macular degeneration. These medical laser systems help prevent vision loss by improving eyesight.
In addition, manufacturers offer innovative products in the market. For example, Nidek in May 2019 announced a new product launch by introducing “YC-200 S plus Ophthalmic YAG Laser System and SLT / YC-200 Ophthalmic YAG Laser System”, ensuring effective treatments for patients .
By end-user, the medical laser system market is segmented into hospitals, specialty clinics, outpatient surgery centers, and others. Specialty Clinics are centers of excellence guaranteeing high standards of clinical outcomes. Specialty clinics focus on a particular organ, body system, or disease.
Therefore, these clinics are staffed with paramedics and nurses with specialized skills that have been honed over time. The role of specialist clinics in detecting, diagnosing and managing eye, heart and other diseases has received enormous attention. These aforementioned factors have increased the demand for medical laser systems.
Main topics covered:
2. Medical Laser Systems Market – Key Takeaways
3. Research methodology
4. Medical Laser Systems Market – Market Landscape
4.2 PEST analysis
4.3 Expert opinion
5. Medical Laser Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in the prevalence of eye diseases
5.1.2 Significant increase in the elderly population
5.2 Market Constraints
5.2.1 Strict security rules
5.3 Market Opportunities
5.3.1 Untapped potential of emerging economies
5.4 Future trends
5.4.1 Large number of product approvals and launches
5.5 Impact analysis
6. Medical Laser Systems Market – Global Analysis
6.1 Global Medical Lasers Market Revenue Forecast and Analysis
6.2 Global Medical Laser Systems Market, by Geography – Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Medical Lasers Market Revenue and Forecast to 2028 – By Product Type
7.2 Global Medical Laser Systems Market, by Product Type, 2021 & 2028 (%)
7.3 Diode laser
7.3.2 Diode Laser: Medical Laser Market Revenue and Forecast to 2028 (Million US$)
7.4 Semiconductor laser
7.4.2 Semiconductor Laser: Medical Laser Market Revenue and Forecast to 2028 (Million US$)
18.104.22.168 Holmium yttrium aluminum garnet (Ho:YAG) lasers
22.214.171.124 Erbium Yttrium Aluminum Garnet (Er: YAG) lasers
126.96.36.199 Neodynium Yttrium Aluminum Garnet (ND:YAG) LasersMillion)
188.8.131.52 Titanium Potassium Phosphate (KTP)
184.108.40.206 Alexandrite lasers
220.127.116.11 Ruby lasers
7.5 Gas lasers
7.5.2 Gas Lasers: Medical Lasers Market Revenue and Forecast to 2028 (USD Million)
18.104.22.168 Co2 laser
22.214.171.124 Argon laser
126.96.36.199 Krypton lasers
188.8.131.52 Metal vapor lasers (AU AND CU)
184.108.40.206 Helium-Neon Lasers
220.127.116.11 Excimer laser
7.6 Dye laser
8. Global Medical Laser Systems Market Revenue and Forecast to 2028 – By Application
8.2 Global Medical Laser Systems Market, by Application, 2021 & 2028 (%)
8.3.2 Dermatology Medical Laser Systems Market Revenue and Forecast to 2028 (Million USD)
9. Medical Laser Systems Market Revenue and Forecast to 2028 – By End User
9.2 Global Medical Laser Systems Market Share by End User – 2021 & 2028 (%)
9.3.2 Hospitals: Medical Laser Systems Market Revenue and Forecast to 2028 (USD Million)
9.4 Specialty clinics
9.5 Ambulatory surgery centers
10. Medical Laser Systems Market Revenue and Forecast to 2028 – Geographical Analysis
11. Impact of the COVID-19 pandemic on the medical laser systems market
12. Industry Landscape of Medical Laser Systems Market
12.1 Growth Strategies Performed by Market Companies, (%)
12.2 Organic developments
12.3 Inorganic developments
13. Business Profiles
- Lumenis Be Ltd.
- Ellex medical laser (Noval Eye Medical)
- Koninklijke Philips NV
- BIOLASE, Inc.
- Boston Scientific Society
- Bausch Health Companies Inc.
- Alcon inc.
- Iridex Corporation
- Candela Medical
- Cryolife, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/98ehh1