Global Medical Laser Systems Market Size By Product (Diode Lasers, Solid State (Crystal) Lasers, Gas Lasers), By Application (Dermatology, Ophthalmology, Gynecology), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Medical Laser Systems Market Size And Forecast

Medical Laser Systems Market size was valued at USD 2.97 Million in 2022 and is projected to reach USD 9.35 Million by 2030, growing at a CAGR of 13.60% from 2023 to 2030.

What's making the Medical Laser Systems Market grow? Well, think about itwe're using these systems more and more to figure out what's wrong with us. Plus, the population is getting older, and let's face it, a lot of us are looking for a little cosmetic help these days. Add to that all the cool new tech coming out in laser systems, and you've got a recipe for high demand. We're also seeing more eye problems as people age and more folks turning to advanced laser treatments to solve them. And with everyone wanting to look their best, the rise in cosmetic and non-invasive procedures – especially those aesthetic laser operations – is a major factor pushing the Global Medical Laser Systems Market forward.

Global Medical Laser Systems Market Definition

Medical lasers? Think of them as super-precise tools that use a focused laser beam to treat or even remove tissue. You'll find them popping up everywhere from gynecology to urology, even dentistry! These aren't just for cosmetic surgery or fixing your eyesight (refractive eye surgery), either. They're used in tons of different surgeries and procedures. And because everyone's looking for less invasive treatments, the demand for these Medical Laser Systems is really taking off. The beauty of it is, the laser's specific wavelength allows for a super-narrow, high-intensity beam, making surgical procedures incredibly precise.

Lasers? They're everywhere in medicine these days. Think everything from getting a diagnosis to cool new cosmetic procedures. But when it comes to actually treating medical issues, diode lasers are the rock stars. They've totally outshone all the other laser types. Why? Well, they're easier on the wallet, offer a ton of different wavelengths and power options, come in a tough little package, and are way more durable (being semiconductors and all). See, diode lasers are like these awesome blocks that directly turn electricity into laser light! Plus, they're super adaptable to different powers and wavelengths which makes them perfect for tons of medical uses. You can tweak the light they put out to be blue, green, red, or even near and mid-infrared. And often, the near-infrared ones are the real powerhouses. Learn more about lasers!

Think of laser lipo, or lipolysis – it's getting super popular! Basically, we're using these diode lasers that beam light at a wavelength of 1060 nm right through your skin to zap fat. The cool thing is that this 1060 nm light is picky – it's way more attracted to fat than water, so it's super effective. Now, another thing we do with lasers is something called photodynamic therapy, or PDT. Here, we team up a laser with a special chemical or pharmacological photosensitizer. This stuff helps kill off specific cells. We give the patient this photosensitizer – either all over, in one area, or just on the surface. Then, when the laser light hits the photosensitizer, it gets all excited and creates something nasty, like reactive oxygen, which ultimately destroys the cell we're targeting.

Global Medical Laser Systems Market Overview

So, why are medical laser systems becoming so popular? Well, a few things are happening. More and more, doctors are using them to figure out what's wrong with us. Plus, the population is getting older, and people are increasingly interested in cosmetic procedures. On top of that, the laser tech itself just keeps getting better! You'll find these systems used all over – from urology to cardiology to ophthalmology – for all sorts of thingsdiagnosing problems, treating diseases, and even preventing them. As treatments improve, that's only going to boost the market. And when it comes to growth, look out for solid-state lasers! They're expected to take off because they're reliable, smaller, cheaper to buy, and last longer.

However, tight safety regulations and a high failure rate of laser-based surgical operations hinder market expansion. The highest levels of penetration and melanin absorption are found in semiconductor laser systems. These characteristics identify the semiconductor laser as the greatest laser hair removal technology, allowing for the safe and effective treatment of all skin and hair types in all body areas. With an increase in the number of cosmetic procedures performed each year in both emerging and developed countries, this industry is growing, and cosmetic-based businesses see plenty of room to expand.

Did you know that a whopping 116 million of us Americans deal with musculoskeletal pain every year? And it costs us a staggering $635 billion in medical expenses, according to the National Center for Biotechnology Information. Now, there's this thing called Low-Level Laser Therapy (LLLT), which is basically a laser treatment that uses weaker lasers than you'd see in surgery to help treat and stimulate your skin. Speaking of lasers, they're now being used safely to treat cancers in all sorts of places in the body. For example, Laser Interstitial Thermal Therapy (LITT) is becoming a go-to option in neurosurgery, especially for folks who can't handle regular surgery. Since lasers first showed up in neurosurgery, they've gotten safer and safer, and they've been really successful in treating gliomas that can't be removed, as well as those tricky hard or bleeding tumors like meningiomas, tumors way down at the base of the skull, and other cancers.

The beginning of the NEW COVID-19 pandemic is likely to open up a flood of opportunities for present players in the healthcare laser systems market. Significant efforts are now being made to streamline and improve the screening process. Medical laser systems may be able to provide solutions to these issues. Despite a little decrease in the need for a few types of non-essential laser surgery, medical laser systems for COVID-19 diagnostics are expected to grow.

Global Medical Laser Systems MarketSegmentation Analysis

The Global Medical Laser Systems Market is segmented on the basis of Product, Application, And Geography.

Medical Laser Systems Market, By Product

• Diode Lasers• Solid State (Crystal) Lasers• Gas Lasers• Dye Lasers

Based on Product, The market is classified into Diode Lasers, Solid State (Crystal) Lasers, Gas Lasers, and Dye Lasers. The Diode Lasers are the most recent addition to an ever-growing collection of laser surgery tools. This laser is useful in otolaryngology practice for treating hyperplastic inferior nasal turbinates and provides effective hemostasis and tumor reduction. The laser diode is a significantly smaller laser than other types of lasers. In arrays, it’s straightforward to make.

It is the most cost-effective laser output device available. A laser diode has very high efficiency. On average, 100-140 consumables are consumed per system each year. As the need for various surgeries rises, so will the demand for consumables, resulting in significant growth in the consumables segment. Solid-state lasers, dye lasers, diode lasers, gas lasers, as well as other laser systems are also available. Rising disposable incomes and an increasing trend for laser therapy in emerging nations are likely to provide profitable opportunities available for laser systems.

Medical Laser Systems Market, By Application

• Dermatology• Ophthalmology• Gynecology• Urology• Dentistry• Cardiology• Others

Based on Application, The market is classified into Dermatology, Ophthalmology, Gynecology, Urology, Dentistry, Cardiology, and Others. Dermatology is a medical specialty that focuses on issues and disorders of the skin, nails, and hair. A dermatologist is a doctor who specializes in certain conditions and studies, researches, diagnoses, and treats them.

Cosmetic dermatologists are also in high demand. Cosmetic dermatology is a branch of dermatology that focuses on enhancing the appearance of the skin. The surgical and medical therapy of the eyes, as well as accompanying vision issues, is referred to as ophthalmology. Ophthalmologists must complete medical school, at least one year of internship, and at least three years of surgical residency.

Medical Laser Systems Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Medical Laser Systems Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific was the second-largest market for medical laser systems, followed by Europe. Due to improving healthcare infrastructure and a growing amount of laser centers, Asia Pacific is expected to grow at the fastest rate in the future years.

Furthermore, rising demand for anti-aging treatments and a spike in the proportion of hair removal treatments are expected to boost demand for aesthetic lasers, boosting the market growth. Latin America’s market is expanding due to an aging population. According to Med Device Online, over 30 countries in this region will also have a higher proportion of senior people than youngsters under the age of 15 by 2060.

Key Players

The Global Medical Laser Systems Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as 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., Syneron Medical Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Feb 2020, Iridex, a manufacturer of ophthalmic laser-based medical solutions, has released the second generation MicroPulse P3 device for glaucoma treatment.

• Sep.2021, Lumenis has launched a new relationship with Laseraid to offer a new subscription model that allows clinics to improve patient outcomes while increasing their bottom line.

• Nov. 2020, Lumenis, Ltd. has announced the release of the breakthrough new Digital Duet, the world’s first digital SLT-YAG system.

• December 2019, Ellex’s laser and ultrasound business was purchased by Lumibird Group (Quantel Medical) for $69 million.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT 

Value (USD Million)

KEY COMPANIES PROFILED

IRIDEX Corporation, Lumenis Ltd., Ellex Medical Lasers Ltd., CryoLife, Inc., Novartis AG, Koninklijke Philips N.V., Biolase Inc.

SEGMENTS COVERED

• By Product
• By Application
• By Geography

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