Global Medical Lasers Market Projected to Soar to $12.06 Bn by 2033 with an Impressive 13.6% CAGR

The medical lasers market size has grown rapidly in recent years. It will grow from $6.33 billion in 2023 to $7.26 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, aging population, growing minimally invasive procedures, increasing demand for aesthetic and cosmetic procedures, expanding range of medical applications.

The medical lasers market size is expected to see rapid growth in the next few years. It will grow to $12.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to growing healthcare infrastructure, growing demand for personalized medicine, patient awareness and demand, increasing awareness of medical lasers, . Major trends in the forecast period include advancements in laser technology, fiber and diode lasers, telemedicine and remote surgery, nanosecond and picosecond lasers, green and yellow lasers.

Market Overview -
Medical lasers are devices that treat or remove tissues using precisely focused light sources.

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Minimally Invasive Procedures And Aesthetic Surgeries On The Rise
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 article published by Beautynews in April 2021, the number of facial plastic surgery procedures in the USA in 2020 is approximately 56,084, and the one was the brow lift procedure is nearly 31,404. Thus, the high usage of medical lasers to perform minimally invasive aesthetic and cosmetic surgeries increases the demand for medical lasers market.

Competitive Landscape -
Major companies operating in 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.

Technological Advancements In The Medical Laser Equipment
Major companies operating in the medical lasers market are introducing innovative laser equipment such as ULTRApulse Alpha to gain a competitive edge in the market. ULTRApulse Alpha combines the advantages of CO₂ laser technology with a sophisticated yet user-friendly platform, enabling aesthetic providers to address a wide range of indications effectively. For instance, in March 2023, Lumenis, an Israel-based developer of energy-based solutions for the aesthetic and vision markets launched ULTRApulse Alpha CO2 laser to the UK market. The ULTRApulse Alpha is equipped with a modern and user-friendly Graphical User Interface (GUI), featuring presets and intelligent automation capabilities for a variety of treatments. These treatments span from skin resurfacing and scar revision to less invasive aesthetic procedures such as Blepharoplasty.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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