by The global medical laser market is on the rise. According to research and consulting company, Precedence Research, the market size of medical laser worldwide will hit US$ 15.63 billion by 2030, up from US$ 5.17 billion in 2022. This means a cumulative average growth rate (CAGR) of 14.84% from 2022 to 2030. The report contains 150+ pages with detailed analysis.
The global pandemic which struck the market during the last few years has created a downward market as anticipated by the experts. Based on the analysis the market has shown a decline of around 13% in 2020.
Medical Laser Market Recent Developments
The established players in the medical laser procedures market like En. S.p.A., Ellex Medical Lasers and Lumenis account for a significant growth in the market. The aesthetic laser system used for removal of tattoos, scar hair and others is conducted by Lumenis. It presented a new product of an energy based medical device in January 2020 under the new platform of LightSheer Quattro.
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Medical Laser Market Report Highlights
- The surgical laser market segment will grow as there are increased technological advancements, growing implementation of minimally invasive surgeries and awareness regarding the availability of surgeries for prevailing chronic diseases and the prevailing ophthalmic diseases
- On the basis of the end user the hospital and specialty clinics shall have the largest market growth. Due to the demand for aesthetic appeal the market for lasers is expected to grow developing nations are also focusing on hospital infrastructure and improving the health care conditions
Medical Laser Market Report Scope
| Report Coverage | Details |
| Market Size by 2030 | USD 15.63 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 14.84% |
| North America Market Share in 2021 | 45% |
| Surgical Laser Market Share in 2021 | 53% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Type, Application, End User, System, , Geography |
Medical Laser Market Regional Snapshots
The region of North America has shown a tremendous growth in the market with the revenue of around 1.6 billion in 2021 and it’s foreseen to show a greater growth during the forecast. The increasing market for minimally invasive medical procedures, high adoption rate of technologically advanced procedures and increasing need for cosmetic procedures has helped the US market to grow.
Europe is also seen to show a substantial growth in the forecast at a CAGR of 15% with an increasing incidence of sensory organ related disorders in the country. The region of Asia Pacific stands as the second largest market for the medical laser system. It is estimated to show the fastest growth during the forecast. Due to the developing infrastructure Latin America, Middle East and Africa markets are also showing significant growth.
Medical Laser Market Dynamics
Drivers
With the development of the laser market the demand for minimally invasive operative procedures has increased. This has led to the growing number of cosmetic surgeries and the increase in the total number of ophthalmic surgeries. The increase in the number of glaucoma related disorders, coronary artery diseases, heart diseases and other diseases have also contributed to fuel the growth of the current market. The adoption of new laser procedures and innovative technology is one of the important factors that boost the current market in the forecast period.
Medical and cosmetic laser manufacturer Erchonia Corporation launched a new low level green laser model for body fat reduction. Increasing awareness among people regarding physical appearance is proving to be a great reason for the growth of the market globally. The increasing demand for aesthetic laser systems and consumables are proving to be a driving force for the laser market.
Restraints
The high cost associated with these medical laser services has led to the decline in the number of consumers opting for these facilities. People from the moderate to lower socio-economic background are not able to afford such kind of services due to the high cost of the procedures. Also, the increased number of side effects which are seen after the laser surgeries limits the growth that the market aims to show. The complications which are associated with these kinds of procedures such as dyschromia and scarring and many others also hinder the market size during the forecast period.
Alternative treatments, which are additionally provided at a lower cost and which also show lesser side effects are being opted by the individuals. This in turn helps them to avoid future complications. The laser systems in the developing and underdeveloped countries are facing a challenge in its growth pattern.
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Opportunities
The increasing demand for minimally invasive surgical procedures in the fields of ophthalmic laser surgeries and other surgeries relating to sensory organs help in providing a great opportunity for the market growth. Reduction in the amount of pain that the individual has to undergo has also proved to be a great opportunity for the medical laser market. Easy healing of wounds post surgical procedures has also provided. The emergence of various multi specialty hospitals which are providing a wide of services along with reimbursement facilities increases opportunities for growth. Painless procedures also attract the market of pediatric surgical treatments to a great extent.
Challenges
The choice of advanced laser operated surgical procedures over the traditional techniques increases the total cost of the services hence challenges the market growth during the forecast period. The installation cost of these laser surgical equipments poses a great challenge in front of the market. The high level safety regulations that need to be followed for these laser ttreatments and surgical procedures iincreases the total cost the hospital to create a conductive setup for the procedure. Further, it is a great challenge for the developing and underdeveloped nations to opt for this kind of laser operated surgical procedures.
Medical Laser Market Key Players
- BiolaseInc
- Candela corporation
- Top corn corporation
- Lumenis limited
- Sisram medical limited
- Iridex Corporation
Medical Laser Market Segmentations
By Product
- Laser Systems
- Consumables
By Type
- Surgical Lasers
- Dental Lasers
- Aesthetic Lasers
- Others
By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
By System
- Solid State Laser Systems
- Holmium Yttrium Aluminum Garnet Laser (Ho:Yag) Systems
- Erbium Yttrium Aluminum Garnet Laser (Er:Yag) Systems
- Neodymium Yttrium Aluminum Garnet Laser (Nd:Yag) Systems
- Potassium Titanyl Phosphate Laser Systems
- Alexandrite Laser Systems
- Ruby Laser Systems
- Q-Switch Lasers
- Gas Laser Systems
- CO2 Laser Systems
- Argon Laser Systems
- Krypton Laser Systems
- Metal Vapor (Copper and Gold) Laser Systems
- Helium-Neon (He-Ne) Laser Systems
- Excimer Laser Systems
- Dye Laser Systems
- Diode Laser Systems
By Application
- Ophthalmology
- Refractive Error Surgery
- Cataract Surgery
- Glaucoma Surgery
- Others
- Dermatology
- Skin resurfacing
- Pigment treatment
- Tattoo Removal
- Hair Removal
- Others
- Gynecology
- Vaginal Rejuvenation
- Others
- Dentistry
- Urology
- Lithotripsy
- Tissue Ablation
- Cardiology
- Coronary Artery Disease
- Ventricular and Supraventricular Arrhythmias
- Hypertrophic Cardiomyopathy
- Congenital Heart disease
- General Surgeries
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global medical laser market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions.
Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global medical laser market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimate the future prospects of the global market more reliable and accurately.
Why should you invest in this report?
If you are aiming to enter the global medical laser market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for medical laser are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Laser Market
5.1. COVID-19 Landscape: Medical Laser Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Laser Market, By Product
8.1. Medical Laser Market, by Product, 2022-2030
8.1.1. Laser Systems
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Consumables
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Medical Laser Market, By Type
9.1. Medical Laser Market, by Type, 2022-2030
9.1.1. Surgical Lasers
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Dental Lasers
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Aesthetic Lasers
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Medical Laser Market, By End User
10.1. Medical Laser Market, by End User, 2022-2030
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Specialty Clinics
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Ambulatory Surgical Centers
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Medical Laser Market, By System
11.1. Medical Laser Market, by System, 2022-2030
11.1.1. Solid State Laser Systems
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Gas Laser Systems
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Dye Laser Systems
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Diode Laser Systems
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Medical Laser Market, By Application
12.1. Medical Laser Market, by Application, 2022-2030
12.1.1. Application
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Dermatology
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Gynecology
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Dentistry
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Others
12.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Medical Laser Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.2. Market Revenue and Forecast, by Type (2017-2030)
13.1.3. Market Revenue and Forecast, by End User (2017-2030)
13.1.4. Market Revenue and Forecast, by System (2017-2030)
13.1.5. Market Revenue and Forecast, by Application (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Type (2017-2030)
13.1.6.3. Market Revenue and Forecast, by End User (2017-2030)
13.1.6.4. Market Revenue and Forecast, by System (2017-2030)
13.1.7. Market Revenue and Forecast, by Application (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.3. Market Revenue and Forecast, by End User (2017-2030)
13.1.8.4. Market Revenue and Forecast, by System (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Application (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.3. Market Revenue and Forecast, by End User (2017-2030)
13.2.4. Market Revenue and Forecast, by System (2017-2030)
13.2.5. Market Revenue and Forecast, by Application (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
13.2.7. Market Revenue and Forecast, by System (2017-2030)
13.2.8. Market Revenue and Forecast, by Application (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.3. Market Revenue and Forecast, by End User (2017-2030)
13.2.10. Market Revenue and Forecast, by System (2017-2030)
13.2.11. Market Revenue and Forecast, by Application (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.12.3. Market Revenue and Forecast, by End User (2017-2030)
13.2.12.4. Market Revenue and Forecast, by System (2017-2030)
13.2.13. Market Revenue and Forecast, by Application (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Type (2017-2030)
13.2.14.3. Market Revenue and Forecast, by End User (2017-2030)
13.2.14.4. Market Revenue and Forecast, by System (2017-2030)
13.2.15. Market Revenue and Forecast, by Application (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.3. Market Revenue and Forecast, by End User (2017-2030)
13.3.4. Market Revenue and Forecast, by System (2017-2030)
13.3.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
13.3.6.4. Market Revenue and Forecast, by System (2017-2030)
13.3.7. Market Revenue and Forecast, by Application (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.3. Market Revenue and Forecast, by End User (2017-2030)
13.3.8.4. Market Revenue and Forecast, by System (2017-2030)
13.3.9. Market Revenue and Forecast, by Application (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.3. Market Revenue and Forecast, by End User (2017-2030)
13.3.10.4. Market Revenue and Forecast, by System (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Application (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.3. Market Revenue and Forecast, by End User (2017-2030)
13.3.11.4. Market Revenue and Forecast, by System (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Application (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.3. Market Revenue and Forecast, by End User (2017-2030)
13.4.4. Market Revenue and Forecast, by System (2017-2030)
13.4.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
13.4.6.4. Market Revenue and Forecast, by System (2017-2030)
13.4.7. Market Revenue and Forecast, by Application (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.3. Market Revenue and Forecast, by End User (2017-2030)
13.4.8.4. Market Revenue and Forecast, by System (2017-2030)
13.4.9. Market Revenue and Forecast, by Application (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.3. Market Revenue and Forecast, by End User (2017-2030)
13.4.10.4. Market Revenue and Forecast, by System (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Application (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.3. Market Revenue and Forecast, by End User (2017-2030)
13.4.11.4. Market Revenue and Forecast, by System (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Application (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.2. Market Revenue and Forecast, by Type (2017-2030)
13.5.3. Market Revenue and Forecast, by End User (2017-2030)
13.5.4. Market Revenue and Forecast, by System (2017-2030)
13.5.5. Market Revenue and Forecast, by Application (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Type (2017-2030)
13.5.6.3. Market Revenue and Forecast, by End User (2017-2030)
13.5.6.4. Market Revenue and Forecast, by System (2017-2030)
13.5.7. Market Revenue and Forecast, by Application (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.3. Market Revenue and Forecast, by End User (2017-2030)
13.5.8.4. Market Revenue and Forecast, by System (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Application (2017-2030)
Chapter 14. Company Profiles
14.1. BiolaseInc
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Candela corporation
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Top corn corporation
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Lumenis limited
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Sisram medical limited
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Iridex Corporation
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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