The Medical Lasers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Medical Lasers Global Market Report 2024, The medical lasers market size has grown rapidly in recent years. It will grow from $6.33 billion in 2023 to $7.26 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, aging population, growing minimally invasive procedures, increasing demand for aesthetic and cosmetic procedures, expanding range of medical applications.
The medical lasers market size is expected to see rapid growth in the next few years. It will grow to $12.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to growing healthcare infrastructure, growing demand for personalized medicine, patient awareness and demand, increasing awareness of medical lasers, . Major trends in the forecast period include advancements in laser technology, fiber and diode lasers, telemedicine and remote surgery, nanosecond and picosecond lasers, green and yellow lasers.
The increased demand for minimally invasive procedures contributed to the medical lasers market’s growth during the period. The surge in aesthetic and cosmetic procedures propelled the demand for minimally invasive surgeries worldwide. According to the article published by Beautynews in April 2021, the number of facial plastic surgery procedures in the USA in 2020 is approximately 56,084, and the one was the brow lift procedure is nearly 31,404. Thus, the high usage of medical lasers to perform minimally invasive aesthetic and cosmetic surgeries increases the demand for medical lasers market.
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The medical lasers market covered in this report is segmented –
1) By Product Type: Solid State Laser Systems; Gas Laser Systems; Dye Laser Systems; Diode Laser Systems
2) By Application: Surgical ; Cosmetic ; Dental
3) By End Use: Ophthalmology; Dermatology; Gynecology; Dentistry; Urology; Cardiovascular; Other End Users
The medical lasers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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