The global medical laser systems market was valued at almost USD 3 billion in 2016 and is predicted to surpass USD 4 billion by 2021, says Technavio.
Technavio has published its current market research analysis on the global medical laser systems market, under its orthopedics and medical devices portfolio. This market report discloses the main drivers and leading emerging trends and presents an analysis of the top players like Alcon, Cynosure, IRIDEX, Lumenis, and Syneron Medical.
According to Barath Palada, a lead analyst for orthopedics and medical devices research at Technavio, “The increasing demand for minimal and non-invasive procedures will drive the demand for medical laser systems over the next few years. Non-invasive procedures are used for dermatology, ophthalmology cardiovascular, cosmetic surgery, and oncology-related surgeries. These procedures offer easy payment plans and a wide variety of options available to many patients to reduce the cost of medical treatments.”
The manufacturers are introducing medical devices that make non-invasive applications promise quick recovery, less pain, and offer safety. The new laser treatments deliver superior results with minimal complications. The commonly demanded non-invasive procedures include laser hair removal, scar removal, facelifts, skin resurfacing, and liposuction.
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Growing demand in emerging economies
The vendors in the global medical laser systems market are focusing on new product developments and increased their R&D activities in emerging nations to expand their business. The manufacturers are using advanced technologies to manufacture innovative medical laser systems in APAC. The growing number of refractive laser surgeries for vision correction cataracts and rising disposable incomes is increasing the use of ophthalmic lasers in developing countries such as India and China. Moreover, the growth of medical tourism in China, India, Singapore, and Malaysia is expected to increase the adoption of semiconductor lasers for the medical treatments over the next few years.
Growing demand in medical aesthetics
The popularity of medical aesthetic procedures such as invasive and non-invasive procedures among the general population will fuel the growth in the global market. These procedures offer superior results over traditional surgery with minimal complications. This form of treatment is pain-free, provide quick relief, and require less time to recover and used in anti-aging treatments, crow’s feet treatment, and skin rejuvenation procedures. Laser-based aesthetic devices cover a range of indications such as pigmentary treatments, acne and rejuvenation applications, and skin tightening.
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This research report consists of a detailed study of market shares and sizes of the sub-segments and geography. An assessment of the leading companies, including their market shares, business overview, key financials, etc. is offered in this study. This market study also specifies a detailed breakdown of main drivers, challenges, and opportunities influencing this market.
An itemized analysis is available in the Technavio report titled, ‘Global Medical Laser Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific sections upon request.
Other related reports:
- Global Spectroscopy Market 2017-2021
- Global Ophthalmic Femtosecond Lasers Market 2017-2021
- Global Eye Care Surgical Market 2016-2020
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