Medical Lasers Market Anticipated for Progressive CAGR Growth during -2025

The global medical lasers market is expected to be around $13 billion by 2025, due to rising incidence of eye related disorders coupled with rapidly aging population and growing preference for advanced laser based treatment procedures. Emerging economies are rapidly adopting laser based treatments owing to the increased disposable income of the population. About 500,000 to 700,000 healthcare professionals in the U.S. are using medical lasers for their procedures. Laser hair removal is one of the top five cosmetic procedures performed in a non-surgical manner. Also, rising gynecological applications and increased awareness about aesthetic appeal is set to drive the market growth over the forecast period. According to a survey conducted by the American Society for Aesthetic Plastic Surgery (ASAPS), Americans spent more than $15 billion on surgical and non-surgical aesthetic procedures in 2016.

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Product Outlook and Trend Analysis

The diode laser market held the largest share in 2016. This can be attributed to its applications in various aesthetic procedures and photodynamic therapies. Moreover, this growth will be consistent over the forecast period due to rising adoption of diode lasers worldwide. The solid state laser market is expected to grow at a fastest rate due to its varied applications in periodontology and skin treatment. These lasers have wide applications in procedures such as tattoo removal, vein removal, and dermatological procedures. According to American Society for Aesthetic Plastic Surgery (ASAPS), the laser tattoo removal procedures in the U.S. saw an increase of 13% in 2016.

Market Classification

Medical Lasers Market, By Product, Estimates and Forecast, 2016-2025 ($Million)

Solid State Lasers

Erbium Yttrium Aluminum Garnet (Er:Yag) Lasers
Holmium Yttrium Aluminum Garnet (Ho:Yag) Lasers
Potassium Titanyl Phosphate (KTP)
Neodymium Yttrium Aluminum Garnet (Nd:Yag) Lasers
Alexandrite Lasers
Ruby Lasers

Gas Lasers

Co2 Lasers
Krypton Lasers
Ruby Lasers
Metal Vapor (Au & Cu) Lasers
Argon Lasers
Excimer Lasers
Helium-Neon Lasers

Diode Lasers
Dye Lasers

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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