Medical Lasers Market is projected to be around $13 billion by 2025 | Top Most Players Like Bausch & Lomb Holdings, Spectranetics Corporation, IRIDEX Corporation, Cardiogenesis Corporation, Inc., Biolase Inc., Syneron-Candela, Lumenis Ltd, Alcon Laborator

Market Overview:
A research study titled, “Medical Lasers Market by Product and Application - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the medical lasers market is projected to be around $13 billion by 2025.

Medical lasers have significant applications in eye surgeries and cosmetic procedures worldwide. As per the UK-based Laser Eye Surgery Hub, more than 30 million eye related surgeries have been carried out across the world so far using lasers. During such surgeries, lasers are used to vaporize targeted parts of the cornea to reshape it in order to treat visual impairments. Every year, more than 120,000 people opt for laser eye surgery in UK. The use of lasers in eye surgeries helps in quick vision correction with less painful procedures, which is contributing to the market growth. Rising focus on aesthetic appeal is one of the major driving factors for the medical lasers market. According to the American Society for Aesthetic Plastic surgery (ASAPS), Americans spent more than $15 billion on aesthetic procedures in 2016, amounting to a rise of 11% from the previous year. Increasing demand for non-invasive procedures by the patients will further drive the demand for medical lasers. Lasers assist surgeons in performing complex tasks with reduced blood loss further minimizing the chances of wound infection.

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Diode lasers segment holds a significant share of the global medical lasers market. These lasers have varied applications in different cosmetic procedures such as treatment of acne, wrinkles, and skin rejuvenation procedures. Solid state lasers are expected to grow at the highest CAGR during the forecast period. This high growth rate can be attributed to the compact designs and the low device cost along with their applications in skin treatments such as tattoo removal will further boost the market growth.

Cardiovascular diseases market is expected to grow at the high growth rate over the forecast period due to the presence of technologically advanced laser-based cardiovascular treatments such as laser angioplasty and laser thrombolysis. Rise in prevalence of cardiovascular diseases coupled with aging population is contributing to the market growth. Ophthalmology market will also register a promising growth owing to the rising applications of medical lasers in refractive surgeries.

Industry Trend Analysis:
The Global Medical Lasers Market is expected to be around $13 billion by 2025, due to rising incidence of eye related disorders coupled with rapidly aging population and growing preference for advanced laser based treatment procedures. Emerging economies are rapidly adopting laser based treatments owing to the increased disposable income of the population. About 500,000 to 700,000 healthcare professionals in the U.S. are using medical lasers for their procedures. Laser hair removal is one of the top five cosmetic procedures performed in a non-surgical manner. Also, rising gynecological applications and increased awareness about aesthetic appeal is set to drive the market growth over the forecast period. According to a survey conducted by the American Society for Aesthetic Plastic Surgery (ASAPS), Americans spent more than $15 billion on surgical and non-surgical aesthetic procedures in 2016.

Prominent Players:
Prominent Players in this market are Bausch & Lomb Holdings, Spectranetics Corporation, IRIDEX Corporation, Cardiogenesis Corporation, Inc., Biolase Inc., Syneron-Candela, Lumenis Ltd, Alcon Laboratories, Inc., Cutera, American Medical Systems, and PhotoMedex Inc.

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Market Opportunities:
The major opportunities in the medical lasers market lie in the scope for technological advancements to enhance the applications of lasers in different medical procedures. Rising demand for aesthetic appeal will steadily increase the adoption of medical lasers in cosmetic procedures globally. Additionally, applications in ophthalmology will keep evolving with technological innovations facilitating steady market growth over the forecast period.

Table of Contents:
1. Introduction
2. Executive Summary
3. Market Overview
4. Medical Lasers Market, By Product
4.1. Introduction
4.2. Medical Lasers Market Assessment and Forecast, By Product, 2016-2025
4.3. Diode Lasers
4.4. Solid State Lasers
4.5. Holmium Yttrium Aluminum Garnet (Ho:Yag) Lasers
4.6. Erbium Yttrium Aluminum Garnet (Er:Yag) Lasers
4.7. Neodynium Yttrium Aluminum Garnet (Nd:Yag) Lasers
4.8. Potassium Titanyl Phosphate (KTP)
4.9. Alexandrite Lasers
4.10. Ruby Lasers
4.11. Gas Lasers
4.12. Co2 Lasers
4.13. Argon Lasers
4.14. Krypton Lasers
4.15. Metal Vapor (Au & Cu) Lasers
4.16. Helium-Neon Lasers
4.17. Excimer Lasers
4.18. Dye Lasers
5. Medical Lasers Market, By Application
5.1. Introduction
5.2. Medical Lasers Market Assessment and Forecast, By Application, 2016-2025
5.3. Dermatology
5.4. Ophthalmology
5.5. Gynecology
5.6. Dentistry
5.7. Cardiology
5.8. Urology
To be continued...

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Regional Insights:
North America held more than one-third share of the global medical lasers market in 2016. Rise in geriatric population leading to cardiovascular disorders is a key factor driving the market growth. Asia-Pacific holds huge growth opportunity, due to presence of a large patient pool of cardiovascular disorders, rapidly aging population, and prevalence of unmet medical needs coupled with increase in disposable income of the people.

List of Tables:
Table 1.Global Medical Lasers Market, By Product ($Million), 2016-2025
Table 2.Diode Lasers Market, By Region ($Million), 2016-2025
Table 3.Solid State Lasers Market, By Region ($Million), 2016-2025
Table 4.Holmium Yttrium Aluminum Garnet (Ho:Yag) Lasers Market, By Region ($Million), 2016-2025
Table 5.Erbium Yttrium Aluminum Garnet (Er:Yag) LasersMarket, By Region ($Million), 2016-2025
Table 6.Neodynium Yttrium Aluminum Garnet (Nd:Yag) LasersMarket, By Region ($Million), 2016-2025
Table 7.Potassium Titanyl Phosphate (KTP)Market, By Region ($Million), 2016-2025
...

Key Findings of the Research Study:

Diode lasers segment held a major share of the overall market in 2016, due to their wide adoption in cosmetic procedures.

Solid state lasers market is poised to grow at the highest CAGR during the forecast period due to their wide applications in skin treatment procedures.

Cardiovascular disease market will grow with a highest CAGR because of the rising cases of cardiovascular diseases and rapidly rising geriatric population worldwide.

North America held a major share of the global medical lasers market as prevalence of cardiovascular diseases and geriatric population is on the rise.

Asia-Pacific is the most promising market with immense growth opportunities as a result of highly unmet medical needs and increasing disposable income of people.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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