$ 5,834.02 Million Medical Laser Systems Market Size, Worldwide, by 2028 at 13.5% CAGR


NEW YORK, January 11, 2022 / PRNewswire / – According to new market research report “Medical Laser Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type {Diode Lasers, Semiconductor Lasers [Holmium Yttrium Aluminum Garnet (Ho: YAG) Lasers, Erbium Yttrium Aluminum Garnet (Er: YAG) Lasers, Neodynium Yttrium Aluminum Garnet (Nd: YAG) Lasers, Potassium Titanyl Phosphate (KTP), Alexandrite Lasers, and Ruby Lasers], Gas lasers [Co2 Laser, Argon Laser, Krypton Laser, Metal Vapor (Au and Cu) Laser, Helium-Neon Laser, and Excimer Laser], and dye lasers}, application (dermatology, ophthalmology, gynecology, dentistry, cardiology, urology and others) and end user (hospitals, specialty clinics, outpatient surgery centers and others) and geography “, published by The Insight Partners, the global medical laser systems market is expected to reach US $ 5,834.02 million by 2028 onwards US $ 2,398.60 million in 2021; it is expected to grow at a CAGR of 13.5% from 2021 to 2028.

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Cover of the report

Details

Market size Value in

US $ 2,398.60 million in 2021

Market size Value per

US $ 5,834.02 million by 2028

Rate of growth

13.5% CAGR from 2021 to 2028

Forecast period

2021-2028

Year of reference

2021

Number of pages

231

Number of tables

138

Number of graphs and figures

90

Historical data available

Yes

Covered segments

Product type, application, end user and geography

Regional scope

North America; Europe; Asia Pacific; Latin America; AEM

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Cover of the report

Revenue forecast, company ranking, competitive landscape, growth factors and trends

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Medical Laser Systems Market: Competition Landscape and Key Developments

Lumenis Be Ltd .; Ellex Medical Laser (Noval Eye Medical); Koninklijke Philips NV, BIOLASE, Inc .; Boston Scientific Society; Bausch Health Companies Inc .; Alcon Inc .; Iridex Company; Candela Medical; and CryoLife, Inc. are among the key companies operating in the medical laser systems market. Market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to exploit existing business opportunities.

In January 2021, Candela Medical announced the launch of the Frax Pro system. The new product offers highly targeted wavelengths of 1550nm and 1940nm for dual-depth skin resurfacing applications.

In september 2018, Iridex Corporation announced the launch of TruFocus LIO. The newly launched product is a combination of light and reflection visualization system used with IRIDEX laser systems for the retina. The device can be used to assess and treat patients of all ages, such as infants, in an office, operating room, and outpatient surgery center.

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The increasing prevalence of eye disorders is one of the most key factors driving the growth of the market. Corneal diseases are the second leading cause of blindness in the world, 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 aged 40 and older. To avoid this, laser vision correction through medical laser systems is the most common surgical procedure. Additionally, advances in laser ablation profiles have resulted in improved quality of vision, including better night vision. Thus, the increasing prevalence of eye disorders globally is increasing the demand for medical lasers.

A significant increase in the elderly population is another factor driving the overall growth of the medical laser systems market. With age, eye diseases can lead to serious health problems. Among the geriatric population, age-related macular degeneration causes the most common ophthalmic diseases, such as loss of central vision, glaucoma, retinal detachment, cataracts, and diabetic retinopathy. For example, according to the American Institute of Ophthalmology report, nearly 24.4 million people under the age of 40 have cataract surgery, and nearly half of all Americans have cataract surgery before. the age of 75. This has resulted in the potential adoption of new technologies. , such as femtosecond lasers, in cataract surgery involving a large upfront investment and promises to improve patient outcomes.

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