Rapid Growth Projected for Medical Lasers Market, Fueled by Minimally Invasive Procedures and Dental Treatments

Rapid Growth Projected for Medical Lasers Market, Fueled by Minimally Invasive Procedures and Dental Treatments

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The medical lasers market has witnessed swift expansion, surging from $6.33 billion in 2023 to an anticipated $7.26 billion in 2024, marked by an impressive compound annual growth rate (CAGR) of 14.5%. The momentum is expected to persist, with a projected market size of $12.06 billion in 2028, reflecting a robust CAGR of 13.6%.

Minimally Invasive Procedures Drive Surge:
The escalating demand for minimally invasive procedures has been a key driver behind the market's growth. The global surge in aesthetic and cosmetic procedures has significantly increased the adoption of medical lasers. In the USA alone, approximately 56,084 facial plastic surgery procedures were reported in 2020, with the brow lift procedure reaching nearly 31,404. The widespread utilization of medical lasers in performing minimally invasive aesthetic and cosmetic surgeries has substantially boosted market demand.

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Growing Dental Treatment Services:
The growth in dental treatment services is poised to be a significant catalyst for the medical lasers market. Dental treatment services encompass various procedures performed by dental professionals to maintain and enhance oral health. Factors such as increasing dental health awareness, an aging population, cosmetic dentistry, and technological advancements contribute to the burgeoning demand. Notably, more than 80% of individuals are projected to have had at least one cavity by age 34, emphasizing the substantial expenditure on dental care, exceeding $124 billion annually. This trend is expected to underpin the growth of medical lasers in the forecast period.

Technological Advancements Fuel Innovation:
Major players in the medical lasers market, including El.En. S.p.A., Lumenis, and Bausch & Lomb Holdings, are focusing on technological advancements. Innovative laser equipment like ULTRApulse Alpha, combining CO2 laser technology with a user-friendly platform, has been introduced to meet diverse aesthetic indications effectively. Furthermore, a focus on product development is evident, as seen with Solta Medical's launch of the Clear + Brilliant Touch Laser, providing a more comprehensive treatment protocol by incorporating two wavelengths.

Key Players Shaping the Market:
Prominent companies contributing to the growth of the medical lasers market include 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 Corporation, IRIDEX Corp., Novadaq Technologies Inc., Photomedex Inc., Spectranetics Corporation, Syneron Candela, Cryolife Inc., Novartis AG, Topcon Corporation, Fotona d.o.o., Sisram Medical Ltd., Kern Electronics & Lasers, Boss Laser LLC., Automark, Corning Incorporated, Coherent Inc., IPG Photonics Corporation, Jenoptik AG, Lumibird Medical, Iridex Corporation, Mevion Medical Systems, Vision RT, IsoRay Inc., RefleXion Medical, Alpha Tau Medical, Nanobiotix S.A.

Regional Landscape and Market Segmentation:
North America claimed the largest share in the medical lasers market in 2023, with Asia-Pacific following as the second-largest region.

The medical lasers market covered in this report is segmented -
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 End Users

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Medical Lasers Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Medical Lasers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on medical lasers market size, medical lasers market drivers and trends, medical lasers market major players, medical lasers market competitors' revenues, medical lasers market positioning, and medical lasers market growth across geographies. The medical lasers market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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