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Medical Lasers Market to Witness the Highest Growth Globally in Coming Years - P&S Intelligence
medical lasers
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Among the different applications of medical lasers, dentistry is expected to witness fastest growth in demand, with an expected CAGR of 17.5% during the forecast period.Increasing number of tooth loss and dental caries, and high prevalence of periodontal diseases are the key factors driving the medical lasers market for dentistry, globally.
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Some of the other factors driving the APAC medical lasers market are increasing geriatric population and increasing disposable income. According to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the share of people aged 65 years and above occupies approximately 11.4% of population in 2013 and is estimated to reach approximately 20.0% of the total population by 2050, in Asia-Pacific. According to the National Institutes of Health (NIH), approximately 110 million people in China were aged 65 years and above in 2011, and the number is expected to reach 330 million by 2050.
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Some of the major players in the global market include Biolase Inc., Boston Scientific Corporation, Cryolife Inc., Ellex Medical Lasers Limited., Lumenis Ltd., Photomedex, Inc., The Spectranetics Corporation, Syneron Medical Ltd., Novartis AG and Valeant Pharmaceutical International, Inc.
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