Medical Laser Systems Market is expected to be worth $16,230 million by 2026




A medical laser is a device that uses a powerful light beam to cut, burn, or destroy tissue. Medical laser treatments are non-invasive procedures that help patients heal faster. These procedures are used to treat tissues without scarring or tissue discoloration. They include scar treatment, corneal reshaping, dental procedures, tumor removal, breast surgery, and amputation. The medical laser market is expected to grow significantly during the forecast period, owing to an increase in the number of cosmetic procedures and an increase in the number of patients worldwide who use advanced laser-based treatments.

Furthermore, various benefits provided by medical laser systems, such as reduced pain intensity and faster recovery, as well as an increase in the importance of aesthetic laser procedures, are major factors driving the global medical laser market. However, stringent safety regulations and a high failure rate of laser-based surgical procedures are expected to stymie market growth. Furthermore, rising disposable incomes and increased demand for laser treatment in emerging markets are expected to provide significant profit opportunities for manufacturers in the global medical laser market growth.

The global medical laser system market was worth $6,947 million in 2018 and is expected to be worth $16,230 million by 2026, growing at a CAGR of 10.8 percent between 2019 and 2026. In 2018, the dermatology segment accounted for roughly one-third of the total market share.

The solid-state laser systems segment accounted for the largest share by product type in 2018 and this trend is expected to continue during the forecast period. This is due to its wide range of applications in photodynamic therapy and aesthetic treatments, as well as the high quality of its output.

Asia-Pacific is expected to be the fastest-growing region during the forecast period, owing to an increase in the geriatric population, rapid adoption of technologically advanced laser treatment options, high disposable incomes, and increased awareness of the use of medical lasers as a replacement for invasive surgery.

IRIDEX Corporation, Lumenis Ltd., Ellex Medical Lasers Ltd., CryoLife, Inc., Novartis AG, Koninklijke Philips N.V., Biolase Inc., Boston Scientific Corporation, Bausch & Lomb Holdings, Inc., and Syneron Medical Ltd. are among the key players operating in the global medical laser market.

Quantel laser, Nidek CO., LTD., Topcon Corporation, DEKA M.E.L.A S.r.l., SharpLight Technologies, Sciton, Inc., and Alma Lasers are among the other value chain players.

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