Laser Medical Devices Market Size, Share & Trends Analysis Report by Technology, By Product, By Application, And Segment Forecasts, 2022 – 2027

The Laser Medical Devices Market report 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 (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Laser Medical Devices Market Size is Projected to Reach at a CAGR of 20% during 2022-2027.

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Market Overview

The rising demand for surgeries with faster recovery, fewer post-surgery infections, less pain, reduced scarring, better control on bleeding, and increased accuracy are anticipated to boost the demand for various endoscopy devices. Technological advances in surgical techniques and enhancement in equipment handling have transformed surgical procedures, including the introduction of minimally invasive surgeries these procedures usually provide equivalent outcomes to traditional open surgery, along with offering significant benefits, such as less major bleeding, fewer post-op infections, fewer complications, shorter length of stay, quicker return to normal activities, less scarring, and comparable/lower cost, among other such benefits. As a result, these procedures have become more popular in recent times. Ageing patients are fragile, and thus, the use of minimally invasive devices (while performing surgeries) becomes important. Hence, the increase in the prevalence of the geriatric population is also driving the market.

Top Leading Companies:

Hologic, BIOLASE, Philips, LISA Laser USA, El.En. Group, Cynosure, RIDEX Corporation, Alma Laser, IPG Photonics, Accu-Tech, Wuhan Yage Optic and Electronic Technique, Focuslight

Recent Development:

Hologic has acquired 22 companies, including 9 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 4 assets. Hologic’s largest acquisition to date was in 2007 when it acquired Cytyc for $6.2B. Its largest disclosed sale occurred in 2016 when it sold Hologic - NAT to Grifols SA for $1.9B. Hologic has been acquired in 11 different US states, and 6 countries. The Company’s most targeted sectors include medical products (78%) and life science (19%). Hologic is a developer, manufacturer and supplier of premium diagnostic products, medical imaging systems, and surgical products, with an emphasis on serving the healthcare needs of women throughout the world. Hologic was formed in 1985 and is based in Marlborough, Massachusetts.

Philips has acquired 37 companies, including 17 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 13 assets. Philips’ largest acquisition to date was in 2007 when it acquired Respironics for $5.1B. Its largest disclosed sale occurred in 2021 when it sold Koninklijke Philips - Domestic Appliances Business to Hillhouse Capital Management for $3.7B. Philips has acquired in 12 different US states, and 10 countries. The Company’s most targeted sectors include medical products (40%) and electrical equipment (10%). Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Koninklijke Philips was incorporated in 1891 and is based in Amsterdam, the Netherlands.

Laser Medical Devices Market Segmentation by Type:

Diode Laser Systems
Solid State Laser Systems
Gas Lasers
Dye Laser Systems

Laser Medical Devices Market Segmentation by Application:

Hospitals
Specialized Clinics
Ambulatory Surgical Centres
Others

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North America Holds the Largest Market Share of the Market and it is Estimated to Follow the Same Trend over the Forecast Period

The North American medical laser market dominated the global market, and it is estimated to show a similar trend during the forecast period. The increasing preference for cosmetic procedures and the high adoption rate of novel technologies are the primary factors behind the large market size. For instance, according to the 2018 Plastic Surgery Statistics report, 17.7 million cosmetic procedures were performed in the year, a 2% increase from the previous year. Asia-Pacific is expected to grow at a rapid pace over the forecast period, owing to the increasing healthcare expenditure, increasing awareness, and the trend of medical tourism in the developing economies of the region.

Regional Laser Medical Devices Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Laser Medical Devices Market Report:

Detailed overview of Laser Medical Devices Market
Changing the Laser Medical Devices market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Laser Medical Devices market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Laser Medical Devices Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Laser Medical Devices Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Laser Medical Devices industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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