| At what pace is the argon lasers market growing, and what is its estimated value?
The argon lasers market size has grown strongly in recent years. It will grow from $2.32 billion in 2024 to $2.54 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing demand for minimally invasive surgeries, growth in dermatology and ophthalmology applications, rising prevalence of chronic diseases, innovations in laser technology, and the growing adoption of laser-based scientific equipment. The argon lasers market size is expected to see strong growth in the next few years. It will grow to $3.6 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to the increasing adoption of laser therapies in emerging markets, rising demand for precision medicine, expanding applications in cosmetic and aesthetic procedures, growth in personalized healthcare solutions, and ongoing innovations in photonics. Major trends in the forecast period include minimally invasive surgeries, advancements in laser wavelength versatility, advancements in portable and energy-efficient laser technologies, expansion into veterinary applications, and heightened focus on eco-friendly laser technologies. Get Your Free Sample of The Global Argon Lasers Market Report: What are the top drivers to the rising demand in the argon lasers market? The increasing prevalence of skin disorders is expected to propel the growth of the argon laser market going forward. Skin disorders are conditions that affect the skin, leading to symptoms such as irritation, inflammation, and changes in appearance. The prevalence of skin disorders is due to factors such as rising pollution, changing lifestyles, and increased exposure to harmful substances. Argon lasers assist in treating skin disorders by targeting specific wavelengths to precisely remove or repair damaged skin tissues and reduce pigmentation or vascular lesions. For instance, in January 2024, according to the American Cancer Society, a US-based non-profit organization dedicated to eliminating cancer, there will be an estimated 108,270 cases of skin cancer in 2024, reflecting a 3.2% increase from the 104,930 cases reported in 2023. Therefore, the increasing prevalence of skin disorders will drive growth in the argon laser market. How is the argon lasers market segmented? 1) By Type: Argon Ion Laser, Argon Excimer Laser Subsegments: Order your report now for swift delivery Who are the top competitors in the argon lasers market? Major companies operating in the argon lasers market are Newport Corporation, Coherent Inc., Lumentum Holdings Inc., Hamamatsu Photonics K.K., Thorlabs Inc., Edmund Optics, Lumibird, TOPTICA Photonics AG, MPB Communications Inc., B&W Tek, LASOS Lasertechnik GmbH, Radiation Protection and Measurement Corporation (RPMC) Lasers Inc., EKSMA Optics, Laser Components GmbH, CrystaLaser, National Laser Company, Light Age Inc., PhotonTec Berlin GmbH, Oxxius SA, Olympus Life Science, Modu-Laser, Laserglow Technologies What significant trends should we anticipate in the argon lasers market over the forecast period? Major companies operating in the argon laser market are focused on developing innovative products, such as IoT-enabled argon laser chambers, to fulfill the increasing requirements for high-performance applications across various industries. An IoT-enabled argon laser chamber integrates real-time monitoring and control capabilities to ensure precise, optimized, and remotely manageable manufacturing processes. For instance, in April 2022, Bharat Fritz Werner Ltd. (BFW) Group, an India-based manufacturing company, launched the PHOTON 4000G, the largest and fastest laser-directed energy-energy-deposition (L-DED) machine in the metal additive manufacturing industry. This new system features a 36 cubic meter hermetically sealed Argon Chamber, a 10.4 cubic meter build envelope, and dual-deposition heads for powder and wire. It includes an industry-first 6KW fiber laser with a beam splitter and advanced features such as real-time process monitoring, 5-axis control, and IoT-enabled smart technology. Which regional trends are influencing the argon lasers market, and which area dominates the industry? North America was the largest region in the argon lasers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the argon lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. What Does The Argon Lasers Market Report 2025 Offer? The argon lasers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Argon lasers are gas lasers that emit light in blue and green wavelengths through ionized argon gas and are commonly used in medical, research, and industrial applications. They offer high precision, a range of wavelengths, and minimal thermal damage, making them ideal for applications requiring accuracy and control, such as medical procedures and scientific research. 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Future of the Global Argon Lasers Market Growth, Size, Key Trends and Forecast Report 2025
