A recent report published by Infinium Global Research on medical laser systems market provides an in-depth analysis of segments and sub-segments in global as well as regional medical laser systems market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional medical laser systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical laser systems market. According to the report the global medical laser systems market is projected to grow at a CAGR of 7.8% over the forecast period of 2018-2024.
The lasers used in the medical industry for surgical procedures and diagnosis are known as medical laser systems. Various types of medical laser systems are used in cosmetic surgeries, refractive eye surgeries, dental procedures, and general surgeries. Some of the best-known benefits of laser systems are reduced blood loss, minimal postoperative discomfort, reduced chances of wound infection, and better wound healing.
Factor such as rising incidences of eye disorders particularly among the growing aging population, a rising number of patients using advanced laser-based treatments such as angioplasty, cancer diagnosis, cosmetic dermatology, lithotripsy, medical imaging, etc. around the world is contributing to the growth of global medical laser market. However, stringent safety regulations, the high cost of equipment of laser system, low availability of trained manpower are the restraining factors of this market.
North America holds the largest market share in medical laser system market while the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Asia-Pacific region is anticipated to grow at the fastest CAGR owing to the presence of huge population, this number of people getting affected with various diseases are more as compared to other regions. Furthermore, rising disposable income and increasing adoption of medical laser systems for various treatment procedures are some of the significant factors responsible for driving growth in this region.
The report on global medical laser systems market covers segments such as product type and application. On the basis of product type the global medical laser systems market is categorized into solid state lasers, gas lasers, dye lasers systems, and diode lasers systems. On the basis of application the global medical laser systems market is categorized into ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and rest of the world. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the global medical laser systems market such as Biolase Inc, Bausch & Lomb Holdings, Cardiogenesis Corporation, Inc, Lumenis Ltd., IRIDEX Corp., Novadaq Technologies, Inc., Photomedex, Inc., Spectranetics Corporation, Syneron-Candela, and Alcon Laboratories, Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical laser systems market. Moreover, IGR-Growth matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as porter's five forces analysis and DRO analysis of medical laser systems market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical laser systems market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical laser systems market to understand the present and future trends in this market and formulate their strategies accordingly.