Medical Laser Market Size Expected to Witness the Highest Growth during 2020-2027

The Medical Laser Market size was $6,947 million in 2018 and is projected to reach $16,230 million by 2026, growing at a CAGR of 10.8% from 2019 to 2026. The global medical laser are segmented on the basis of product type, application and geography. Factor such as rising incidences of eye disorders related to the growing aging population, rising number of patients using advanced laser-based treatments around the world and increasing importance of aesthetics are contributing to the growth of the global medical laser market. However, stringent safety regulations and a high rate of failure are the restraining factors of this market.

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The rising demand and adoption of minimally invasive procedures, an increase in the number of cosmetic procedures, and increasing incidence of eye disorders are some of the major factors boosting the demand for the laser treatments, subsequently driving the demand for medical lasers. Increasing prevalence of congenital heart diseases, coronary artery diseases, glaucoma, age-related macular edema, and other diseases is another major factor anticipated to drive the medical lasers industry growth.

The introduction of new medical lasers, with procedure-specific applications, and innovative technology integration in these medical laser systems, are some of the major factors projected to drive the market growth during the forecast period. According to the American Society of Plastic Surgeons (ASPS), approximately 17.5 million surgical and minimally invasive cosmetic procedures performed in the United States in 2017, with a 2 percent increase over 2016. The increasing number of cosmetic procedures, combined with market players offering innovative systems are factors propelling the medical laser market sales in 2018.

However, a comparatively higher cost of laser systems is driving the rising preference of healthcare settings towards the purchase of refurbished systems, especially in emerging countries. This has been a major restraining factor for the growth of the global medical lasers market.

The medical laser market is segmented on the basis of geography into North America, Europe, Asia Pacific and Rest of the World. North America holds the largest share in the medical laser system market due to the rising incidences of chronic diseases such as obesity and diabetes. The Asia Pacific is the fastest-growing market. Growth of this region can be attributed to factors such as the unmet need for medical treatment in developing countries such as China and India

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Major players profiled in this report are

The report provides a comprehensive analysis of the key players operating in the global medical laser market, which include IRIDEX Corporation, Lumenis Ltd., Ellex Medical Lasers Ltd., CryoLife, Inc., Novartis AG, Koninklijke Philips N.V., Biolase Inc., Boston Scientific Corporation, Bausch & Lomb Holdings, Inc., and Syneron Medical Ltd.

The other players in the value chain (companies not included in the report) include Quantel laser, Nidek CO., LTD., Topcon Corporation, DEKA M.E.L.A. S.r.l., SharpLight Technologies, Sciton, Inc., and Alma Lasers.

Table Of Content

CHAPTER 1: INTRODUCTION
1.1. Report description
1.1.1. Key benefits for stakeholders
1.1.2. Key market segments
1.2. Research methodology
1.2.1. Secondary research
1.2.2. Primary research
1.2.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five force analysis
3.4. Pricing Analysis
3.4.1. Pricing analysis of medical laser, by region, 2018 & 2026
3.5. Market Evolution
3.6. Value Chain Analysis
3.7. Top Player Positioning, 2018
3.8. Impact of government regulations on global medical laser market
3.8.1. FDA
3.8.2. CE Mark
3.8.3. Pharmaceuticals and Medical Devices Agency and Ministry of Health, Labor, and Welfare (MHLW)
3.8.4. Impact Analysis
3.8.4.1. Laws, Regulations & Performance Standards of medical laser
3.8.4.2. Laser Hazard Classes
3.8.4.3. Premarket Requirements
3.9. Patent Analysis (2016-2018)
3.9.1. Patent Analysis, by Year
3.9.2. By Country
3.9.3. By Applicant
3.10. Market dynamics
3.10.1. Drivers
3.10.1.1. High adoption of medical lasers for cosmetic surgeries
3.10.1.2. Increased incidence of various chronic diseases globally
3.10.1.3. Increased technological advancements
3.10.2. Restraints
3.10.2.1. High cost of the medical lasers
3.10.2.2. Lack of acceptance of new technology
3.10.3. Opportunities
3.10.3.1. Expanded applications of lasers across clinical areas

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