Medical Laser Market Expected to Reach $16,230 Million by 2026

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 dermatology segment accounted around one-third of the total market share in 2018.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

• Lumenis Ltd.
• Syneron Medical Ltd.
• Boston Scientific Corporation
• CryoLife, Inc.
• Koninklijke Philips N.V.
• Novartis AG
• Biolase Inc.
• IRIDEX Corporation
• Bausch & Lomb Holdings, Inc.
• Ellex Medical Lasers Ltd.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/2549

Based on product type, the solid-state laser systems segment contributed to more than one-third of the global medical laser market share in 2018, and is expected to dominate by the end of 2026. This is attributed to the safe use of solid-state laser system and the quality output provided by it. At the same time, the diode laser systems would grow at the fastest CAGR of 13.6% during 2019-2026. Diode lasers are less expensive, more compact, and use less power as compared to other types of lasers, which has driven the segment growth.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/2549

Based on application, the dermatology segment accounted for nearly one-third of the global medical laser market revenue in 2018, and is anticipated to retain its dominance till 2026. Increase in demand for procedures that provide aesthetic importance boosts the growth of the segment. The cardiology segment, on the other hand, would cite the fastest CAGR of 12.8% throughout the forecast period, owing to the development of advanced medical laser treatment techniques and increase in occurrence of heart diseases across the globe.

Based on geography, North America held the highest market share in 2018, garnering more than two-fifths of the global medical laser market. This is due to upsurge in number of cosmetic surgeries, increase in geriatric population, and rise in the risk of developing ophthalmic disorders that lead to increase in the demand for medical laser in this province. Simultaneously, the region across Asia-Pacific is projected to register the fastest CAGR of 12.3% during the study period. This is attributed to high population base, high disposable income of people, and rise in awareness regarding the adoption of medical lasers as a replacement for invasive surgery.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Nucleic Acid Therapeutics Market -- https://www.alliedmarketresearch.com/nucleic-acid-therapeutics-market-A17089

Behavioral Health Market -- https://www.alliedmarketresearch.com/behavioral-health-market-A17079

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