Medical laser systems are used for the diagnosis and treatment of medical conditions such as blood vessel lesions, refractive eye surgeries, aesthetic procedures, laser surgeries and among others. Laser systems also have tissue interaction properties such as photo thermal effect and photo dynamic therapy. Medical laser system is gaining its importance in various branches of medicine which include dermatology, urology, cardiology, ophthalmology, radiology and among others. They are majorly used for the diagnosis, disease management and prevention such as rising incidence of eye related disorders in old age population, fracture detection, lithotripsy and others. In addition to this, the dermatology and dentistry sector is anticipated to grow rapidly in the upcoming years. The growth in these sectors is mainly due to the introduction of non-invasive aesthetic related medical treatments such as tattoo removal, scar removal, skin tightening, skin rejuvenation, and periodontics. Furthermore, usage of laser systems in angiography and angioplasty with minimal incisions and various examinations of radiology such as X-ray, computed tomography, magnetic resonance imaging and others have also contributed to growth of the medical laser market. The Medical Laser Systems Market valued USD 7747.1 million in 2020 and it is expected to reach USD 21604.2 million by 2030 with the CAGR of 10.8% during the forecast period.

Market Segmentation:

The global medical laser systems market has been segmented on basis of product, application and by region. Based on product the market is classified into solid state laser systems and gas laser systems. Furthermore, solid gas laser systems is sub-segmented into Holmium yttrium aluminum garnet laser (Ho: Yag), Erbium yttrium aluminum garnet laser (Er: Yag), Neodymium yttrium aluminum garnet laser (Nd: Yag) and Potassium titanyl phosphate laser systems. And gas laser systems is sub-segmented into Carbon –dioxide laser system (Co2), Argon laser systems and Krypton laser systems. Based on application, the market is segmented into ophthalmology, dermatology, radiology, urology, cardiovascular, and others.

Market Dynamics and Factors:

Increasing demand for the medical laser system across the globe, due to the growing incidences of eye disorders, rising number of patients using laser treatments for angiography and dermatological problems and increasing significance of aesthetics are some of the factors driving the growth of market. Additionally, recent developments in gynecology and ophthalmology for treatment of intra abdominal surgeries, cervical erosions, infertility and cataract surgeries with minimal incision, compact designs, high reliability, less pain and fast recovery are some of the major drivers that are contributing to the market growth over the forecast period. Furthermore, procedures like cool body sculpting, weight loss treatments, digital subtraction angiography, and cosmetic surgeries are expected to serve medical laser systems market with future opportunity growth. However, high cost of the equipments, safety regulations and availability of trained manpower are the restraining factors of this market.

Geographic Analysis:

North America is estimated to dominate the medical laser systems market due to increase in health awareness, supportive technology development and infrastructure. Developing infrastructure and economic growth in Asia Pacific are setting up new standards for market growth during forecast period.

Competitive Scenario:

Key players in medical laser system include Biolase Inc, Boston scientific corporation, Alcon laboratories, Inc, Cryolife Inc, Lumenis Ltd, Photometex Inc, Ellex medical laser limited, Spectranetics Corporation, IRIDEX Corporation, Palomar medical technologies and Syneron medical Ltd.

Medical Laser Systems Market Report Scope