As per the report published by The Brainy Insights, the global medical laser systems market is projected to grow from USD 4.32 billion in 2021 to USD 16.20 billion by 2030, at a CAGR of 15.82% during the forecast period. North American region emerged as the largest market for the global medical laser systems market, with a 48.32% share of the market revenue in 2021. The ever-increasing need for cosmetic procedures propels the market’s growth in this region. Additionally, improved healthcare infrastructure and a rising preference for non-procedures with high spending capacity are also helping to drive market growth in this region. In addition, the Asia Pacific region is expected to show the fastest CAGR growth over the projection period due to the increased patient awareness toward adopting medical lasers as a substitute for invasive surgery.
Medical Laser Systems Market Size by Medical Laser Systems Market Size by Application (Ophthalmology, Dentistry, Cosmetic/Dermatology, Cardiovascular, Cancer Therapy, and Others), Product Type (Solid-state Lasers, Gas Lasers, Fiber Lasers, Femtosecond Lasers, Diode Lasers, and Others), End-User (Specialized Clinics, Ambulatory Surgical Centers, and Hospitals) Regions, Global Industry Report, Share, Growth, Trends, and Forecast 2022 to 2030
Leading companies in the industry include Fujikura Ltd., LASOS Lasertechnik GmbH, Alcon, Modu-Laser, Zeiss, BIOLASE, Inc., Cynosure, IRIDEX Corporation, Bausch & Lomb, Candela Corporation, Lumenis and among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
The application segment of the medical laser systems market is divided into ophthalmology, dentistry, cosmetic/dermatology, cardiovascular, cancer therapy, and others. The cosmetic/dermatology segment led the market with a market share of 21.23% in 2021. This growth is attributed to the high expenditure on cosmetic procedure treatments. The product type of medical laser systems market segment is divided into solid-state lasers, gas lasers, fiber lasers, femtosecond lasers, diode lasers, and others. The solid-state lasers segment led the market with a market share of 22.21% in 2021. This growth is attributed to its cost benefits. The end-user segment of the medical laser systems market is divided into specialized clinics, ambulatory surgical centers, and hospitals. The hospital segment led the market with a market share of 40.12% in 2021.
The growing preference for minimally invasive methods and proliferation in healthcare expenditure propel the medical laser systems market’s growth. Further, the rise in medical laser adoption in cosmetic procedures, including hair removal & skin resurfacing, is also helping to boost the growth of the medical laser systems market. In addition, rapid acceptance of technologically advanced laser treatment options & expansion in the number of laser centers is helping to boost the market growth.