Medical Lasers Market 2021 Research and Clinical Analysis - Ellex Medical Lasers Ltd; Lumenis; Alcon Laboratories Inc.; AngioDynamics Corp.

Global Medical Lasers Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Medical Lasers data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as El.En. S.p.A.; Ellex Medical Lasers Ltd; Lumenis; Alcon Laboratories Inc.; AngioDynamics Corp.; American Medical Systems Inc.; Biolase Inc; Bausch & Lomb Holdings; Cardiogenesis Corporation Inc; Boston Scientific; IRIDEX Corp.; Novadaq Technologies Inc.

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The global medical lasers market is expected to grow from $4.993 billion in 2020 to $5.546 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.645 billion in 2025 at a CAGR of 12%.

Market Overview:

The increased demand for minimally invasive procedures contributed to the medical lasers market’s growth during the period. The surge in aesthetic and cosmetic procedures propelled the demand for minimally invasive surgeries worldwide. According to the International Society of Aesthetic Plastic Surgery’s survey on aesthetic and cosmetic procedures performed in 2018, there were 10,607,227 aesthetic and cosmetic surgical procedures performed across the globe in 2018. Moreover, according to the American Society of Plastic Surgeons (ASPS), in 2018, approximately 18 million individuals underwent surgical and minimally invasive cosmetic procedures in the USA. Thus, the high usage of medical lasers to perform minimally invasive aesthetic and cosmetic surgeries increases the demand for medical lasers.

The high cost of surgeries limits the growth of the medical lasers market. The high cost of treatments involving medical lasers limited the adoption and demand for lasers used to perform minimally invasive surgeries. For instance, the average cost of LASIK surgery performed in the USA was $2,246 per eye in 2019, higher than the cost of surgery in 2018, which was $2,199 in 2018. Therefore, the high and increasing cost of surgeries is likely to act as a restraint to the growth of the medical lasers market.

Industry News and Update:

In December 2019, Lumibird Group (Quantel Medical), a France-based company that specializes in medical lasers, announced the acquisition of Ellex’s laser and ultrasound business for $69 million. The acquisition is expected to expand Lumibird Group’s product portfolio with Ellex’s laser and ultrasound technologies for the diagnosis and treatment of ocular diseases. Both companies focus on strengthening the portfolio for diagnostic devices including ultrasound and laser products. Ellex is an Australia-based company engaged in manufacturing ophthalmic lasers and ultrasound systems.

Market Scope:

1) By Product Type: Solid State Laser Systems; Gas Laser Systems; Dye Laser Systems; Diode Laser Systems

2) By Application: Surgical; Cosmetic; Dental

3) By End Use: Ophthalmology; Dermatology; Gynecology; Dentistry; Urology; Cardiovascular; Other

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.

Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

The study objectives of this report are:

To study and analyze the global Medical Lasers size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Medical Lasers by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Medical Lasers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Medical Lasers with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Medical Lasers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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