Medical Lasers Market Intelligence with Competitive Landscape By 2025 | Lumenis Ltd, Alcon Laboratories, Inc., Cutera, American Medical Systems
Market Opportunities 2025:
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.
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.
Market Sizing and Forecasting
Market Share Analysis
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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.
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.
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Table of Contents:
2. Executive Summary
3. Market Overview
7. Company Profiles
7.1. Lumenis Ltd.
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2. PhotoMedex Inc.
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3. Spectranetics Corporation
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4. Biolase Inc.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Key Financials
7.4.4. Strategic Developments
7.5. IRIDEX Corporation
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
.6. Bioform Medical Inc.
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Key Financials
7.6.4. Strategic Developments
To be continued...
North America: U.S, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
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