DUBLIN--(BUSINESS WIRE)--The "Medical Lasers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global medical lasers market reached a value of US$ 3.70 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 7.01 Billion by 2027, exhibiting a CAGR of 11.24% during 2021-2027.
Companies Mentioned
- Artivion Inc.
- Bausch Health Companies Inc.
- BIOLASE Inc.
- Boston Scientific Corporation
- Cutera Inc.
- Ellex Medical Lasers (Lumibird Medical)
- IRIDEX Corporation
- Koninklijke Philips N.V.
- Lumenis Ltd.
- Novartis AG
- PhotoMedex Inc.
- Syneron Medical Ltd.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Medical lasers are devices used to treat or remove tissues through precisely focused light sources. They rely on non-ionizing radiation to reduce blood loss, decrease postoperative discomfort and minimize the chances of wound infection. They aid in cancer therapy, bio-sensing, bio-imaging, drug delivery, and diagnostics of cancer cells.
They also assist in cosmetic surgery to remove tattoos, scars, stretch marks, sunspots, wrinkles, birthmarks, and spider veins or hair. Apart from this, they help in tumor and cataract removal, breast surgery, plastic surgery, and other surgical procedures. As a result, they find extensive applications in hospitals, specialty clinics, and ambulatory surgical centers.
Due to the increasing adoption of minimally and non-invasive procedures to enhance clinical outcomes, there is a rise in the demand for medical lasers. This, along with the growing awareness among individuals about aesthetic procedures, such as acne prevention, body contouring, and dermal resurfacing, represents one of the key factors driving the market.
Moreover, there is an increase in the utilization of medical lasers due to less pain, minimal incisions, and faster recovery across the globe. This, coupled with technological advancements in laser-assisted devices that support advance treatments in healthcare facilities with reduced risk of post-procedural complications, is propelling the growth of the market.
Additionally, several initiatives undertaken by healthcare organizations to promote medical tourism are offering lucrative growth opportunities to industry investors.
Besides this, key market players are extensively investing in research and development (R&D) activities to introduce a new low-level green laser for body fat reduction. Furthermore, the burgeoning healthcare industry is positively influencing the market. Other growth-inducing factors are the rising geriatric population, increasing prevalence of eye disorders, and the growing disposable incomes.
Key Questions Answered in This Report:
- How has the global medical lasers market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global medical lasers market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medical lasers market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Lasers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Product Type
8 Market Breakup by Application
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/uevvbx
