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Medical Laser System Market Analysis, Size, Development and Demand Forecast to 2020
Explore more about Medical laser System Market: www.psmarketresearch.com/market-analysis/medical-laser-system-market
North America leads the medical laser system market, due to the rising incidences of chronic diseases such as diabetes and obesity. Asia-Pacific is growing with the highest rate, due to unaddressed need for medical treatment in developing countries such as, India and China in the region.
Medical Laser Systems are used to produce a monochromatic beam of light containing a specific wavelength and it is strongly concentrated. The demand for lasers in the field of medicine is rising rapidly, due to the flexibility of its light. Power, pulsed or continuous wave operation, and wavelength of laser, define the characteristics of laser light.
Gas laser systems include metal vapor lasers, excimer lasers, argon lasers, helium-neon lasers, krypton lasers and CO2 lasers. Solid state laser systems include, erbium yttrium aluminum garnet lasers, alexandrite lasers, holmium yttrium aluminum garnet lasers, ruby lasers, potassium titanyl phosphate and neodymium yttrium aluminum garnet lasers.
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On the basis of applications, the medical laser system market can be categorized into cardiovascular, ophthalmology, rheumatology, urology, dermatology, traumatology, dentistry, gastroenterology and gynecology.
Dermatology leads the medical laser systems market followed by ophthalmology segment. Increasing application of lasers in other fields such as, cardiovascular is making a slight decrease in the dermatology and ophthalmology applications. Rapid technological advancements, incidence of cost effective laser based techniques for medical treatment and occurrence of heart related diseases has supported in the growth of the cardiovascular application.
Technology advancement, prevalence of chronic diseases and growing importance of aesthetics are some of the major factors driving the growth of medical laser system market. Some of the factors restraining the growth of the medical laser system market are high failure rates, compliance with stringent safety regulations and implementation of affordable care act in the U.S.
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Meeting the need for laser treatment globally in several applications such as, cardiovascular diseases, dermatology diseases, and technological advancements are the key strategies for the competitors in the medical laser system market. Some of the major competitors in the medical laser system market are Cardiogenesis Corporation, Bausch & Lomb Holdings, Inc., Photomedex, Inc., IRIDEX Corp., American Medical Systems, Inc., Syneron Medical Ltd., Lumenis Ltd., Alcon Laboratories, Spectranetics Corporation, Inc., and Biolase Inc.
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