The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s medical lasers market report forecasts the medical lasers market size to grow to $10.45 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.
Learn More On The Medical Lasers Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-lasers-global-market-report
Medical Lasers Market Size Forecast
The global medical lasers market is expected to grow from $5.56 billion in 2022 to $6.33 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical lasers market is expected to grow from $10.45 billion in 2027 at a CAGR of 13.3%.
North America held the largest medical lasers market share.
Key Medical Lasers Market Driver – Increase In Demand For Minimally Invasive Procedures
According to the article published by Beautynews in April 2021, the number of facial plastic surgery procedures in the USA in 2020 is approximately 56,084, and the one was the brow lift procedure is nearly 31,404. Thus, the high usage of medical lasers to perform minimally invasive aesthetic and cosmetic surgeries increases the demand for medical lasers.
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Key Medical Lasers Market Trend – Developing New Innovative Products With Advanced Techniques
Major players operating in the market are focusing on developing new innovative products with advanced techniques to serve healthcare professionals and their patients better. For instance, in March 2021, Solta Medical, a division of Bausch Health, launched Clear + Brilliant Touch Laser. The new laser a more comprehensive treatment protocol by providing the benefits of two wavelengths and easing the treatment process.
Medical Lasers Market Segment
1) By Product Type: Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Diode Laser Systems
2) By Application: Surgical, Cosmetic, Dental
3) By End Use: Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiovascular, Other End Users
Medical Lasers Market Major Players and Strategies
Major players in the medical lasers market are El.En. S.p.A, Ellex Medical Lasers Ltd., Lumenis, Alcon Laboratories Inc., AngioDynamics Corp., American Medical Systems Inc., Biolase Inc., Bausch & Lomb Holdings, Cardiogenesis Corporation Inc., and Boston Scientific.
In October 2021, Laser MD Medspa, a US-based medical spa services company, acquired Young Medical Spa for an undisclosed amount. The acquisition would expand the company’s footprint in the state of Pennsylvania by adding four locations. Young Medical is a US-based provider of a full suite of cosmetic and aesthetic treatments, including laser hair removal, botox treatment, and others.
The Medical Lasers Global Market Report 2023 covers regional data on medical lasers market size, medical lasers market trends and drivers, opportunities, strategies, and medical lasers market competitor analysis. The countries covered in the medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Medical lasers are devices that treat or remove tissues using precisely focused light sources.
View More Reports Related To The Medical Lasers Market –
Dermatology Medical Lasers Global Market Report 2023
Urology Medical Lasers Global Market Report 2023
Cardiovascular Medical Lasers Global Market Report 2023
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