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Medical Laser Systems Market | Coherent Market Insights

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Title: Medical Laser Systems Market | Coherent Market Insights


1
Coherent Marketing Insights
  • Market Research Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • Covid-19 Impact Tracker

2
  • MEDICAL LASER SYSTEMS MARKET ANALYSIS
  • Medical Laser Systems Market, By Product Type
    (Diode Lasers, Solid State (Crystal), Gas Lasers,
    Dye Lasers), By Application (Dermatology,
    Ophthalmology, Gynecology, Urology, Dentistry,
    Cardiovascular, Others (Gastroenterology,
    Rheumatology, Traumatology)), and By Region
    (North America, Latin America, Europe, Asia
    Pacific, Middle East Africa) - Size, Share,
    Outlook, and Opportunity Analysis, 2020 - 2027

3
  • Medical lasers are medical devices that use
    precisely focused light sources to treat or
    remove tissues. Medical laser systems are used in
    several surgical procedures such as cosmetic
    surgery, refractive eye surgery, dental
    procedures, and general surgery such as tumor
    removal, cataract removal, breast surgery,
    plastic surgery and most other surgical
    procedures.
  • Statistics
  • The global medical laser systems market is
    estimated to account for US 5,884.3 Mn in terms
    of value by the end of 2027.

4
  • Global Medical Laser Systems Market Drivers
  • Increasing prevalence of ophthalmic disorders is
    expected to propel growth of the global medical
    laser systems market over the forecast period.
    For instance, according to the study, The
    national and subnational prevalence of cataract
    and cataract blindness in China a systematic
    review and meta-analysis, published in the
    Journal of Global Health in June 2018, the
    prevalence of any cataract ranged from 6.71 in
    people aged 45-49 years to 73.01 in elderly aged
    85-89 years in males.
  • Moreover, increasing aesthetic appeal is also
    expected to aid in growth of the market. For
    instance, according to a 2018 survey by
    American Society of Plastic Surgeon, around
    594,266 laser skin resurfacing procedures were
    performed in the U.S.

5
  • Figure 1 Global Medical Laser Systems Market
    Share () Value, By Region, 2019

6
Global Medical Laser Systems Market Restraints
  • Stringent regulations are expected to hinder
    growth of the market. Exposure of the human body
    to certain lasers may result in damage to the
    eyes and skin. This vulnerability of the human
    body to some lasers has resulted in evolution of
    a variety of laser safety standards including
    Federal Regulations, State Regulations and
    non-regulatory standards. Z136 series of laser
    safety standards by the American National
    Standards Institute is the most commonly used
    standard for the healthcare sector.
  • Moreover, high failure rates and adverse effects
    are also expected to limit the market growth.
    Laser treatment has high failure rates and may
    lead to irreversible side effects such as dry
    eyes, over correction or under correction, double
    vision, epithelium erosion, and glare.

7
  • Medical Laser Systems Market Report Coverage

8
Global Medical Laser Systems Market
Opportunities
  • Increasing prevalence of diabetes is expected to
    offer lucrative growth opportunities for players
    in the global medical laser systems market. For
    instance, according to the study, Global and
    regional diabetes prevalence estimates for 2019
    and projections for 2030 and 2045 Results from
    the International Diabetes Federation Diabetes
    Atlas, 9th edition, published in the journal
    Diabetes Research and Clinical Practice, in
    September 2019, 463 million people are expected
    to suffer from diabetes in 2019 worldwide and the
    number is expected to reach 578 million by 2030
    and 700 million by 2045.
  • Moreover, expansion in new regions is also
    expected to aid in growth of the market. For
    instance, in May 2020, LTB Lasertechnik Berlin
    GmbH established LTB Laser Technologies, Inc. in
    California, U.S. to expand its presence in North
    America.

9
Figure 2 Global Medical Laser Systems Market
Value (US Mn), 2016 2027

10
Market Trends/Key Takeaways
  • Major players in the market focused on adopting
    MA strategies to expand their product portfolio.
    For instance, in November 2019, ELT Sight, Inc.
    acquired the IP and assets of MLase AGs excimer
    ophthalmic laser system for glaucoma surgery.
  • Major players in the market are also focused on
    product launch to expand their product portfolio.
    For instance, in October 2018, Alcon Inc.
    launched software and hardware enhancements to
    the WaveLight Refractive Suite. The new software
    updates enhance the graphical user interface of
    the Suite's WaveNet Planning Station, EX500
    Excimer Laser, and the FS200 Femtosecond Laser.

11
Global Medical Laser Systems Market Key
Developments
  • Major players in the market are focused on
    adopting partnership strategies to enhance their
    market share. For instance, in January 2020, DEKA
    M.E.L.A. srl entered into an exclusive
    distribution agreement with Cartessa Aesthetics
    to market its aesthetic platform device, Luxea, a
    multi-modality intense pulsed light and laser
    platform system, in the U.S.
  • Major players in the market are also focused on
    expanding their presence in new regions to
    enhance their market share. For instance, in
    October 2019, Lumibird started its Canadian
    subsidiary Lumibird Canada in Ottawa.

12
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Referance https//www.coherentmarketinsights.com/
    market-insight/medical-laser-systems-market-3922

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions. We are headquartered
    in India, having office at global financial
    capital in the U.S. Our client base includes
    players from across all business verticals in
    over 150 countries worldwide.
  • What We ProvideCustomized Market Research
    AnalysisIndustry Analysis ServicesBusiness
    Consulting ServicesLong Term Engagement
    ModelCountry Specific Analysis

14
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt. LTD.Coherent
    Market Insights 1001 4th Ave, 3200 Seattle, WA
    98154, U.S.Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
Thank You
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