Medical Lasers Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Medical Lasers Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Medical Lasers Market: By Product Type (Solid-state Laser Systems, Gas Laser Systems, Diode Laser Systems, and Dye Laser Systems), By Application (Dentistry, Urology, Cardiovascular, Ophthalmology, Dermatology, Gynecology, and Others), By Distribution Channel (Hospitals, Cosmetic Clinics, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global medical lasers market was valued at US $ XX Mn in 2017 and expected to grow at 15.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024

Market Outline: Medical Lasers Market
The term “laser” stands for the amplification of light by stimulated emission of radiation. Medical lasers are the medical devices that use precisely focused light source in the treatment or removal of tissues. The laser light has a specific wavelength. It has a narrow beam that creates a very high-intensity light. As the laser light focuses very accurately, it can be used in very precise surgical work.

Market Dynamics: Medical Lasers Market
The technological advancements are the key factors attributed for the growth of the medical lasers market. The rise in incidence of the eye related disorders and growing awareness among the people regarding the modern treatment procedures is enhancing the growth of the market. Increase in the adoption of the new treatment procedures and growing affordability of laser procedures are boosting the growth of the market. The higher adoption of the cosmetic treatment is majorly anticipated to drive the growth of the medical lasers market. For instance, as per American Society of Plastic Surgeons in 2016, there were around 1.8 million cosmetic surgical procedures and 15.5 million cosmetic minimally invasive procedures were performed and in 2015, around 1.1 million laser hair removal procedures were performed all across the globe. The further growth is expected over the forecasted period owing to its varied number of applications. However, the high rate of failure of laser-based surgical procedures and stringent safety regulations are may the growth of the market.

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Market Scope: Medical Lasers Market
Medical Lasers market is segmented based on the product type, application, and end user
Based on the product type, the market is segmented into the following:
• Solid state laser systems
o Potassium Titanyl Phosphate Laser Systems
o Alexandrite Laser Systems
o Ruby Laser Systems
o Holmium Yttrium Aluminum Garnet Laser (Ho:Yag) Systems
o Erbium Yttrium Aluminum Garnet Laser (Er:Yag) Systems
o Neodymium Yttrium Aluminum Garnet Laser (Nd:Yag) Systems

• Gas laser systems
o Metal Vapor (Copper And Gold) Laser Systems
o Helium – Neon (He-Ne) Laser Systems
o Excimer Laser Systems
o Co2 Laser Systems
o Argon Laser Systems
o Krypton Laser Systems
• Diode Laser Systems
• Dye Laser Systems

Based on the application, the market is segmented into the following:
• Dentistry
• Urology
• Cardiovascular
• Ophthalmology
• Dermatology
• Gynecology
• Others

Based on the end user, the market is segmented into the following:
• Hospitals
• Cosmetic Clinics
• Others

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Regional Analysis: Medical Lasers Market
Geographically, global medical lasers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America medical lasers market holds dominant share when compared with that of the other regional markets. The advancements in the technology and rising awareness among the people regarding the modern treatment options is adding fuel for the growth of the market in this region. The adoption of the new treatment options is anticipating the growth of the medical laser market in this region. Europe and the Asia Pacific are expected to grow at significant rate over the forecast period owing to the availability of large untapped market.

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Competition Assessment: Medical Lasers Market
Some of the players in the global medical lasers market include:
• Lumenis Ltd. (Japan)
• IRIDEX Corp. (U.S)
• Novadaq Technologies, Inc. (Canada)
• Spectranetics Corporation (U.S)
• Syneron-Candela (U.S)
• Alcon Laboratories, Inc. (U.S)
• AngioDynamics Corp. (U.S)
• American Medical Systems, Inc. (U.S)
• Biolase Inc. (U.S)
• Cardiogenesis Corporation, Inc. (U.S)

Notable Market Developments: Medical Lasers Market
 In March 2018, Sensus Healthcare has launched a Sensus Laser Systems which includes applications for hair and tattoo removal, acne lesion correction, skin rejuvenation and pigmentation/large pore treatment

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