The Worldwide Medical Laser Systems Industry is Expected to Reach $7.3 Billion by 2027 - ResearchAndMarkets.com
DUBLIN, December 07, 2021--(BUSINESS WIRE)--The "Medical Laser Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Medical Laser Systems estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2027, growing at a CAGR of 8.3% over the analysis period 2020-2027.
Aesthetic Lasers, one of the segments analyzed in the report, is projected to record a 10.4% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ophthalmic Lasers segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 13% CAGR
The Medical Laser Systems market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 13% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Surgical Lasers Segment to Record 7.3% CAGR
In the global Surgical Lasers segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$709.9 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1 Billion by the year 2027, while Latin America will expand at a 8.6% CAGR through the analysis period.
Select Competitors (Total 103 Featured):
AMD Lasers
AngioDynamics Inc.
Bausch & Lomb Inc.
BIOLASE Inc.
Biolitec AG
Carl Zeiss Meditec AG
Cutera Inc.
Danaher
Hologic Inc.
Lumenis Ltd.
Nidek Co. Ltd.
Spectranetics Corporation
Syneron Cadila
Topcon Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Medical Laser Market - Outlook
Global Market Overview and Analysis
Key Market Restraints
Recent Market Activity
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Ophthalmic Lasers
Technology Advancements Support Growth
Selective Retinal Therapy (SRT)
Retinal Rejuvenation Therapy for AMD Patients
Femtosecond Lasers garner Demand Led by Better Visual Outcomes
Femtosecond Lasers from Leading Players:Regulatory Status
Vision Correction - An Expanding Market
Diagnostic Application of Lasers Gain Significant Attention
High Prices Limit Use of Lasers
Demographic Changes Drive Demand for Ophthalmic Lasers
Rising Prevalence of Diabetes Fuels Growth
Dental Lasers
Dental Lasers Firmly on Growth Track
Soft Tissue Lasers Lead the Global Dental Lasers Systems Market
Advancements in Laser Dentistry Improve Outcomes and Reduce Costs
Drop in Prices to Support Penetration
Dental Lasers Puts Dental Practice on Growth Trajectory
Despite High Potential, Dental Laser Systems Market Faces Challenges
Aesthetic Lasers
Lasers Gain Adoption in Cosmetic Procedures
Emerging Economies Drive Growth in Aesthetic Laser and Light Device Market
Increasing Obesity Rates to Propel Aesthetic Lasers Market Growth
Lasers Dominate the Hair Removal Market
Laser Skin Tightening - A Potential Non-Surgical Substitute to Face-lifting
Fraxel Lasers for Skin Resurfacing
Surgical Lasers
Lasers Witness Wide Adoption in Surgical Procedures
Lasers in Cardiology
Fiber-Laser Technology Offers Promising Applications in Medical Sector
Selective Laser Treatment: An Emerging Trend
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/41pb99
View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005510/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900