CO2 laser: Key market research findings
- Increased usage in the healthcare sector
- Growing application in the material processing industry
Technavio has added a new market research report on the global CO2 laser market, to its laser portfolio. Technavio’s market research analysts estimate the global CO2 laser market to grow at a CAGR of around 5% between 2015 and 2019, due to the increasing use of CO2 laser technology in medical applications such as cosmetic dentistry and dermatological treatments. The APAC dominates the global market for CO2 lasers, accounting for around 42% of the total market share. The presence of numerous automobile and consumer electronic device manufacturers in China, South Korea, Taiwan, and Japan are contributing to the market’s growth in the APAC region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Increased demand for cosmetic dentistry has augmented the demand for high-precision lasers. CO2 lasers remove the outer layers of damaged skin with higher precision. These lasers are increasingly being used in treating pigmentation, removal of moles, birthmarks, sun-damaged skin, and precancerous spots. Of late, the manufacturers have increased the production capacities of CO2 lasers and are constantly improving these laser products to meet the growing global demand. The vendors are working on power efficient laser products to provide substantial energy-saving opportunities to end users,” says Navin Rajendra, Lead Analyst, Semiconductors, Technavio Research.
Owing to their low costs, high efficiency and large variation in output power, CO2 lasers have found huge applications in the material processing industry. These lasers are used in the marking of goods, smart cards, labels, jewelry, and carving texts and designs on various surfaces. Moreover, the sealed CO2 lasers provide higher processing speeds and much cleaner cuts than the conventional rotor engraving tools, besides increased durability, precision, and low maintenance.
The major players in the global CO2 laser market include Coherent, GSI Group, Han’s Laser Technology Industry Group, Rofin-Sinar Technologies, and Trumpf. The market is broadly demarcated by well-established and prominent vendors. Due to increased use of CO2 laser for end-user applications such as medical, military, and metal processing, major vendors have increased their spending on R&D to customize their products as per customers’ requirements and enhance market share.
A more detailed analysis is available in the Technavio report, Global Semiconductor Equipment CO2 Laser Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global CO2 Lasers Market for Marking and Engraving Applications 2015-2019
- Global CO2 Incubators Market – Market Research Report 2015-2019
- Global Advanced CO2 Sensors Market 2015-2019
- Fiber Laser Market in Europe – Industry Analysis 2015-2019
- Global Fiber Laser Market 2015 – 2019
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