Surgical Medical Laser Systems Market is Predicted to Reach US$ 7.68 Billion by 2032

The global surgical medical laser systems market is set to record a market value of US$ 3.18 Bn in 2022, with an indication of positive and rapid market growth rate at a CAGR of 9.2% over the forecast period (2022-2032). As such, worldwide sales of surgical medical laser systems are predicted to reach US$ 7.68 Bn by the end of 2032.

The demand for surgical medical lasers on a global scale accounted for 72.7% of the $4.05 billion market for lasers in 2021. According to Fact.MR, a company that provides market research and competitive intelligence, the demand for solid-state laser systems would account for more than 35% of all surgical medical laser sales in 2022.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.factmr.com/connectus/sample?flag=S&rep_id=7191?PJ

𝐃𝐫𝐢𝐯𝐞𝐫𝐬

• Surgical medical laser systems are increasingly being used in minimally invasive procedures, which have become more popular among patients due to their shorter recovery time, reduced scarring, and fewer complications. This trend is driving the demand for surgical medical laser systems.

• Chronic diseases such as cancer, cardiovascular diseases, and ophthalmic disorders are on the rise globally. Surgical medical laser systems are used in the treatment of these diseases, which is increasing the demand for these systems.

• Advancements in laser technology have led to the development of more efficient and effective surgical medical laser systems, which are driving the market growth.

• With the aging of the global population, the incidence of age-related diseases such as cataracts and glaucoma are increasing. Surgical medical laser systems are commonly used in the treatment of these diseases, which is driving the demand for these systems.

• The increasing healthcare expenditure in both developed and developing countries is driving the demand for surgical medical laser systems. Governments and private organizations are investing in healthcare infrastructure and technologies, which is boosting the growth of the surgical medical laser systems market.

• There is a growing demand for cosmetic surgery worldwide. Surgical medical laser systems are commonly used in cosmetic procedures such as skin resurfacing, hair removal, and tattoo removal, which is driving the demand for these systems.

𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

• Surgical medical laser systems are expensive and require significant investments in terms of installation, maintenance, and operation. This high cost is a major restraint on the growth of the market.

• The development and commercialization of surgical medical laser systems are subject to stringent regulatory requirements, which can delay the market entry of new products and increase the cost of development.
• The operation of surgical medical laser systems requires specialized skills and training. The shortage of skilled professionals is a major challenge to the growth of the market.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

• The integration of AI and ML technology in surgical medical laser systems can improve their precision and accuracy, reduce the risk of complications, and enhance patient outcomes.

• The development of portable and handheld laser systems is a growing trend in the surgical medical laser systems market. These systems offer greater mobility and convenience, making them ideal for use in remote locations and ambulatory care settings.

• Robotic-assisted surgery is increasingly being used in conjunction with surgical medical laser systems to improve surgical outcomes. The use of robotics can enhance precision, reduce the risk of complications, and shorten recovery times.

• Patient safety is a key concern in the surgical medical laser systems market. Manufacturers are increasingly developing laser systems that are designed to minimize the risk of complications and improve patient outcomes.

• There is a growing trend towards non-invasive and minimally invasive procedures, which is driving the demand for surgical medical laser systems. These procedures offer shorter recovery times, reduced scarring, and fewer complications.

• The surgical medical laser systems market is highly competitive, and manufacturers are focusing on product differentiation to gain a competitive advantage. This includes developing laser systems with unique features, such as multiple wavelengths and advanced imaging capabilities.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

• The US accounted for the majority of the market share, by revenue. As per the American Society of Plastic Surgeons, ~200,000 laser tattoo removal procedures were performed in the US in 2020. Moreover, a high willingness to opt for innovative medical procedures and highly developed infrastructure is expected to contribute to the adoption.

• Demand for surgical lasers in Germany which accounted for ~30% of the market share. Moreover, the market is expected to witness a CAGR of ~10% during the forecast period.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Key surgical laser manufacturers are adopting new technologies to offer laser-based treatment options for their consumers.

• For instance, in January 2022, Alcon acquired Ivantis, Inc. (the company that offers Hydrus micro stent, a device used for treating glaucoma into its surgical portfolio).

• In March 2023, the industry-leading medical device provider, Lumenis launched a new CO₂ laser, called ULTRApulse Alpha, to the UK market.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐒𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐋𝐚𝐬𝐞𝐫 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭:

• Solid-state Laser Systems
• Holmium Yttrium Aluminium Garnet Laser (Ho:Yag) Systems
• Erbium Yttrium Aluminium Garnet Laser (Er:Yag) Systems
• Neodymium Yttrium Aluminium Garnet Laser (Nd:Yag) Systems
• Potassium Titanyl Phosphate Laser Systems
• Alexandrite Laser Systems
• Ruby Laser Systems

• Gas Laser Systems
• Co2 Laser Systems
• Argon Laser Systems
• Krypton Laser Systems
• Metal Vapor (Copper And Gold) Laser Systems
• Helium - Neon (He-Ne) Laser Systems
• Excimer Laser Systems
• Dye Laser Systems
• Diode Laser Systems

• 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Ophthalmology
• Dermatology
• Gynaecology
• Dentistry
• Urology
• Cardiovascular
• Others

• 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centres

• 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:https://www.factmr.com/connectus/sample?flag=RC&rep_id=7191?PJ

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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.