Title: Laser materials industry analysis research and trends report for 2017 - 2024
1Laser Materials Market will likely surpass USD
1.7 billion by 2024
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2- Laser Materials Market demand will upscale in the
coming years. A paradigm transformation in the
therapeutic model with regard to medical
facilities have acted in favor of the business
growth. - Extensive use of these materials for the
detection of malignant tumors coupled with the
significant prevalence of cancer has immensely
affected later materials market commercialization
lately. Technological interferences have not only
upgraded the product portfolio of laser materials
industry but also have widened its application
horizon. - This is quite evident from the recent trend of
replacing non-laser based detection methods in
various medical fields which include neurology,
dentistry, oncology, and gynecology. For
instance, medical lasers are replacing
traditional X rays that were so far being
deployed in mammography. - Dentists are also extensively using lasers for
cavity drilling, gum surgery, and tooth
desensitization. Taking into consideration the
pace at which laser technology is proliferating
in the healthcare fraternity, laser materials
market is forecast to surpass a revenue of USD
1.7 billion by 2024, registering a CAGR of 5.5
over 2017-2024.
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3- Asia Pacific has established strong grounds
enhancing the overall industry outlook. Robust
developments in healthcare infrastructure along
with an expanded manufacturing base are the two
major factors driving the regional laser
materials industry augmentation. - As per market experts, the product demand is
notably high in some of the emerging economies of
the continent which include China, Taiwan, South
Korea, and India. Growing healthcare expenditure
which has of late become a global concern is a
major factor driving the laser materials market
trends in APAC. - Accounting for a significant revenue contribution
toward the global share in 2016, APAC laser
materials market is projected to continue to be a
strong participant in the global industry. - Plastic processing is one of the most thriving
applications of laser technology, which
undeniably makes the domain equally significant
for laser materials market as well. Over the
years, the advancements in laser materials
configurations have increased the laser
technology deployment across various applications
such as cutting, engraving, welding, drilling,
polishing etc.
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5- Subject to the fact these applications are
closely linked to a variety of domains including
medical devices, automotive sectors, electrical
circuitry, and various industrial domains, the
scope of laser materials market in terms of
commercialization is enormous. - Laser technology is one of the most beneficial
innovations of the twentieth century, and the
momentum at which this technology is penetrating
in diversified utility domains including
healthcare, communication, military, and defense
etc., it is certain that laser materials market
demand will witness a remarkable surge in the
coming years. Comparatively reduced-price trends
of the raw materials along with reliability and
enhanced life span is further pushing its market
value. - Market players are continuously investing in
research activities to expand the product
portfolio to win a competitive advantage over the
business landscape. Some of the biggies involved
in the laser materials market include Asahi Glass
Co., BASF SE, Mitsubishi Chemical Holdings Corp,
Morgan Advanced Materials, Anglo American plc.,
Norilsk Nickel, Universal Laser Systems, and
Corning Inc.
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6Competitive Trends
- The notable industries in Laser Materials are
- Asahi Glass Co.,
- BASF SE,
- Mitsubishi Chemical Holdings Corp,
- Morgan Advanced Materials,
- Anglo American plc.,
- Norilsk Nickel,
- Universal Laser Systems,
- Corning Inc.
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