Medical Laser Systems Market is Projected to Expand at a CAGR of 8.5% with US$ 1 Billion by 2031

According to Fact.MR's medical laser systems market analysis, the global market was valued at $4 billion in 2020 and is expected to reach $7.5 billion by 2031, growing at a CAGR of almost 8.5%. Sales of surgical lasers are expected to exceed $1 billion by 2031.

The medical laser systems market in the United States was estimated to be worth approximately $1.1 billion in 2020. According to the American Academy of Dermatology, acne is a very common disorder that affects over 50 million people in the United States each year. According to statistics, around 17.7 million cosmetic treatments were performed in the United States in 2018.

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Key Market Trends:

One of the most noticeable trends in the medical laser systems market is the increased use of minimally invasive surgical techniques, which is driven by the desire for faster recovery periods, less post-operative pain, and better cosmetic results. Laser-assisted therapies like laser ablation, lithotripsy, and skin resurfacing are gaining popularity among both patients and healthcare practitioners.

Furthermore, advances in laser technology, such as the creation of fiber lasers, diode lasers, and solid-state lasers, are broadening the capabilities and applications of medical laser systems. These innovations enable accurate tissue ablation, tailored drug distribution, and selective photothermolysis, which improve treatment outcomes and patient satisfaction.

Driving Forces and Market Opportunities:

The growing prevalence of chronic diseases like cancer, cardiovascular disease, and ophthalmic ailments is pushing up demand for improved medical laser systems. Laser-based therapies provide excellent treatment choices for a variety of illnesses, such as tumor removal, cardiac ablation, and retinal photocoagulation, resulting in market expansion.

Furthermore, the growing popularity of cosmetic laser operations for skin rejuvenation, hair removal, and tattoo removal creates profitable market expansion potential. The demand for aesthetic laser treatments is expanding globally as disposable incomes rise, beauty standards shift, and people become more aware of cosmetic procedures.

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Category-wise Insights

Solid-state lasers are expected to grow at a 6% CAGR during the forecast period due to their improved dependability, smaller compact designs, reduced purchase costs, and longer lifespan.

Over the last few years, research institutes and the healthcare industry have focused heavily on investigating the potential benefits of novel laser technology in medical applications. Photonics advancements in recent years have played an important role in the development of new lasers.

Solid state lasers are one of the most prevalent forms of lasers. Adoption of solid state lasers has steadily increased over the last few decades due to the optimal physical properties of the fiber's waveguide structure.

Competitive Landscape

Major firms with a large market share are working on growing their consumer base.

In 2019, ELT Sight, Inc. purchased the intellectual property and assets of MLase AG's excimer ophthalmic laser system for glaucoma surgery.
In 2020, DEKA M.E.L.A. srl signed an exclusive distribution agreement with Cartessa Aesthetics to offer Luxea, a multi-modality intense pulsed light and laser platform system, in the United States.

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Key Segments in Medical Laser Systems Industry Research

By Product
Diode
Dye
Gas
Solid State
By Application
Aesthetic
Ophthalmic
Surgical
Dental
Diagnostic
By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

The medical laser systems industry offers significant prospects to manufacturers, healthcare providers, and investors alike. The market is expected to increase steadily in the future years as laser technology advances, applications expand, and healthcare expenditure rises. By harnessing new solutions and solving unmet medical needs, stakeholders can help to improve patient outcomes and advance healthcare delivery globally.

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