EM – Medical Laser Market: Peticulous Research® reveals the reasons for the market growth at a CAGR of 15.3% to $ 4.32 billion by 2028


Medical lasers have applications in several segments including dermatology, dentistry, cardiology, neurosurgery, and ophthalmic surgery because they deliver high-precision treatments while remaining minimally invasive. Since medical lasers can precisely focus the smallest areas, they are used for precise surgical work or for cutting tissue and replace the use of scalpels.

In its latest publication on the medical laser market, Meticulous Research® states that this market will grow from 2021 to 2028 with a CAGR of 15.3% to 4.32 billion US dollars by 2028.

The growth of this market will be driven by the increasing number of cosmetic procedures, the increasing preference for minimally invasive procedures and driven by the increasing prevalence of eye diseases. The growth in medical tourism is expected to provide significant growth opportunities for those involved in this market. The increasing number of private hospitals, improvements in medical infrastructure and inexpensive treatments are factors that are contributing to the growth of medical tourism in developing countries.

To enable efficient analysis, Meticulous Research® has segmented this market by device type (solid-state laser, gas laser, Dye laser, diode laser); Fiber type (disposable laser fibers, reusable laser fibers); Device application (ophthalmology, dermatology, gynecology, dentistry, urology, cardiology, other applications); Fiber application (general surgery, urology, dermatology, gynecology, cardiology, dentistry, other applications); and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)

Depending on the type, the global medical laser device market is divided into solid-state, gas, dye and diode lasers. The diode laser segment is expected to grow with the highest CAGR in the forecast period. Diode lasers are used in various surgical procedures such as hair removal, soft tissue cutting, aesthetic procedures, dental procedures, coagulation, and thermal cancer therapies. The increasing risk of oral cancer has encouraged various public and private companies to develop powerful diode lasers to treat cancer. According to the WHO, lip and oral cavity cancer are among the 15 most common cancers worldwide. In Southeast Asia and the Western Pacific, cancer is the leading cause of death in men. These factors are expected to result in a demand for diode lasers during the forecast period.

Depending on the type, the global medical laser fiber market is divided into disposable fibers and reusable fibers. The single-use laser fiber segment is expected to grow with the highest CAGR in the forecast period. The increasing demand for non-invasive surgical procedures, the increasing use of laser fibers in diagnostic procedures, the effective cost of single-use laser fibers and the increasing number of urological and plastic surgery procedures are factors that are driving the market growth of this segment. Several players in the market are investing in the development of medical laser fibers for better productivity. For example, in 2021, OmniGuide Holdings, Inc. launched a new OTO-U CO2 laser system fiber. This fiber is used in ENT and otology surgeries and enables surgeons to reach tighter areas more precisely, resulting in improved surgical outcomes. These developments are expected to drive the single-use laser fiber market growth over the forecast period.

Based on device application, the urology segment is expected to grow at the fastest CAGR over the forecast period. Factors such as the growing number of patients with kidney disease, urinary tract infections, chronic kidney disease and the growing elderly population are driving the market growth of this segment. Urinary tract infections are also among the most common types of infection.

For more insight into the market with a detailed table of contents and figures, click here: https://www.meticulousresearch.com/product/medical-lasers-market- 5196

However, the dermatology segment is expected to make up the largest share of the global medical laser market in 2021. The increasing number of cosmetic surgeries has led to an increase in the use of medical lasers and thus promoted the growth of the market for medical lasers.

Depending on the application, the global market for medical laser fibers is in general surgery, dermatology, urology, dentistry, cardiology , Gynecology and other applications. The cardiology segment is expected to grow with the highest CAGR in the forecast period. Health sectors use different types of laser fibers such as Nd: YAG, Holmium and CO2 to treat patients with heart disease or infarction, stroke or blood clots, and those at high risk of developing these problems. The better results and higher efficiency of medical laser fibers have accelerated the market demand for laser fibers and fueled the growth of this segment.

Based on geography, Asia Pacific is projected to grow at the fastest CAGR over the forecast period. Factors such as the growing middle class, rapid urbanization, increasing investments by health care providers in improving infrastructure, increasing awareness of the population, increasing awareness of beauty and the increasing availability of a wide range of advanced products and technologies are contributing to the growth of this market. In addition, the aging population requires better medical treatment, including medical lasers. In addition, health care costs in India are lower compared to other developed countries such as the US and UK. Hence, numerous foreign tourists visit India for affordable treatment. These factors are contributing to the exponential growth of the medical lasers market in Asia Pacific.

The report also provides competitive intelligence in terms of financial data, growth strategies, product portfolios, and geographic presence on some of the key players in this market including Lumenis, Ltd. (Israel), Fotona d.o.o. (Slovenia), BIOLASE, Inc. (USA), IRIDEX Corporation (USA), CUTERA, INC. (USA), Alna-Medicalsystem AG & Co. KG (Germany), Bausch & Lomb Incorporated (USA), Boston Scientific Corporation (USA), Alcon, Inc. (Switzerland), STRYKER CORPORATION (USA), Alma Lasers (Israel) , biolitec AG (Germany), Bluecore Company (South Korea), Cynosure (USA), PhotoMedex (USA) and Spectranetics (USA).

In the midst of this crisis, Meticulous Research® is continuously evaluating the effects of the COVID-19 pandemic on various Sub-markets and enables global companies to develop strategies for the post-COVID-19 world and sustain their growth. Let us know if you would like to evaluate the impact of COVID-19 on an industry here – https://www.meticulousresearch.com/custom-research

Meticulous Research® was founded in 2010 and was named Meticulous Market Research Pvt . Ltd. in 2013 as a limited liability company under the Companies Act of 1956. Since its inception, the company has grown to become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America and the Middle East. & Africa.

The name of our company defines our services, strengths and values. Since the foundation we have only got used to researching, analyzing and presenting the critical market data with great attention to detail. With the meticulous primary and secondary research techniques, we have built strong skills in data collection, interpretation and analysis of data, including qualitative and quantitative research with the best team of analysts. We develop our carefully analyzed intelligent and value-oriented market research reports, customer-specific studies, quick turnaround research and consulting solutions in order to meet the business challenges of sustainable growth.

Media contact Company name: Meticulous Market Research Pvt Ltd Contact person: Khushal BombeE-Mail: E-Mail SendTelephone: 1 646-781-8004Address: 1267 Willis St, Ste 200 Redding, California, 96001, USCity: PuneState: MaharashtraCountry: United StatesWebsite: www.meticulousresearch. com

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