Laser Technology Market by Type Application, Geography, Analysis & Forecast to 2022

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MarketsandMarkets Presents
Laser Technology Market by Type Application and
Vertical and Geography - Analysis Forecast to
2022  The laser technology market is expected to
reach USD 14.67 Billion by 2022, at a CAGR of
5.33 to 2022. 
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The market for the laser processing application
is expected to lead the laser technology market
during the forecast period because of the high
demand for this technology, especially for
material processing and marking engraving
applications. The lasers that are used in these
applications include solid, gas, and liquid
lasers.  Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.
asp?id795 Growing focus of manufacturers and
industrialists on including laser technology in
the manufacturing processes is one of the major
driving factors for this market. Besides this,
the increasing adoption of laser technology in
biology, scientific research, and medical sectors
due to its benefits is also accelerating the
growth of the market. The laser technology
ecosystem comprises research development
sector, followed by raw material suppliers,
component manufacturers, system/equipment
providers, system/software integrators, service
and maintenance providers, and end users.
Coherent, Inc. (U.S.), Trumpf Group (Germany),
ROFIN-SINAR Technologies, Inc. (U.S.), and
Lumentum Holdings, Inc. (U.S.) are some of the
major companies offering laser technology-based
products
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The medical vertical is expected to play a key
role in the laser technology market and grow at
the highest rate during the forecast period. This
growth is a result of the increasing adoption of
lasers for laser vision correction, confocal
microscopy, optogenetics, enhanced MRI, and
dermatological treatment among many others. This
technology is also widely being used in the
manufacturing of medical tools and systems as it
helps in meeting high-quality requirements and
offers clean surfaces which are free from any
material residue. Report Information
http//www.marketsandmarkets.com/Market-Reports
/laser-technology-market-795.html The major
players in this market include Coherent, Inc.
(U.S.), Trumpf Group (Germany), IPG Photonics
Corp. (U.S.), ROFIN-SINAR Technologies, Inc.
(U.S.), Newport Corp. (U.S.), Jenoptik AG
(Germany), Lumentum Holdings, Inc. (U.S.), GSI
Group, Inc. (U.S.), Hans Laser Technology
Industry Group Co., Ltd. (China), and Epilog
Laser (U.S.) among others.
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