Lasers stands for light amplification by stimulated emission of radiation, which has a specific wavelength creating high-intensity light. These are medical devices used for the treatment of various diseases and tissue removal. The adoption of lasers has increased for diverse medical applications including ophthalmology, dermatology, urology, and cardiovascular, and its application is expected to increase in the area of aesthetics and cosmetic surgery. The global medical lasers market was valued at $5,116 million in 2016, and is projected to reach at $12,586 million by 2023, registering a CAGR of 13.6% during the forecast period from 2017 to 2023.

Rise in incidence of eye disorders due to growth in aged population, increase in number of patients using advanced laser-based treatments globally, and surge in importance of aesthetics are the factors that drive the market growth. Furthermore, stringent safety regulations and high rate of failure of laser-based surgical procedure hamper the market growth. Increased disposable incomes and growth in demand for laser treatment in the emerging countries are expected to offer lucrative opportunities for the market growth.

The report segments the global medical lasers market into product type, application, end use, and region. Medical lasers based on the product are classified into solid-state laser systems, gas laser systems, dye laser systems, and diode laser systems. The solid-state laser systems segment is further categorized into 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, and ruby laser systems. Moreover, the gas laser systems are divided into CO2 laser systems, argon laser systems, krypton laser systems, metal vapor (copper and gold) laser systems, helium-neon (He-Ne) laser systems, and excimer laser systems.

Based on the application, the market is categorized into ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular, and others. Region wise analysis of the market is done across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the market, current trends, and future estimations to elucidate the imminent investment pockets.
The report provides a quantitative analysis of the industry from 2017 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the market help to understand the trending medical laser products used for diverse clinical applications.
Competitive intelligence of the industry highlights the business practices followed by leading players across various regions.
Comprehensive analysis of the market at the regional and country level is provided to determine the prevailing opportunities across these geographies.

Medical lasers Market Key Segments:

The global medical lasers market is segmented based on product type, application, end use, and geography.
By Product

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
Gas Laser Systems
CO2 Laser Systems
Argon Laser Systems
Krypton Laser Systems
Metal Vapor (Copper and Gold) Laser Systems
HeliumNeon (He-Ne) Laser Systems
Excimer Laser Systems
Dye Lasers Systems
Diode Laser Systems

By Application

Ophthalmology
Refractive Error Surgery
Cataract Surgery
Glaucoma Surgery
Others
Dermatology
Skin Resurfacing
Pigment Treatment
Hair Removal
Gynecology
Dentistry
Urology
Lithotripsy
Tissue Ablation
Cardiovascular
Coronary Artery Disease
Ventricular and Supraventricular Arrhythmias
Hypertrophic Cardiomyopathy
Congenital Heart Disease
Others

By End Use

Surgical
Cosmetic
Dental

By Region

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Italy
Spain
The Netherlands
Norway
Russia
Sweden
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
New Zealand
Taiwan
Thailand
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Chile
Columbia
Egypt
Iran
Israel
Turkey
Venezuela
Rest of LAMEA