The global medical laser
systems market is expected to reach USD 12.5 billion by 2022, according to a
new report by Grand View Research, Inc. Rising demand for minimal and
non-invasive procedures by patients is anticipated to be the most impact
rendering driver of the market.
Increasing application of these
systems for diagnostic purposes, rising geriatric population base, propelling
demand for cosmetic surgeries and technological advances in pre-existing laser
systems are vital factors driving the demand of this market.
Medical laser systems are being
prominently applied in various branches of biology such as urology, cardiology,
ophthalmology etc for the purpose of diagnosis, disease management and
prevention. Augmenting cases of these disorders is expected to positively impact
market growth over the forecast period.
Solid state lasers are
anticipated to grow at the fastest rate during the forecast period due to
higher reliability, smaller compact designs, lowered cost of purchase and
prolonged life span of the systems. Diode lasers are expected to hold a
significant market share owing to the introduction of next generation Optically
Pumped Semiconductor Lasers (OPSLs) that provide unmatched electrical
efficiency.
In depth research report on Medical Laser Systems Market
Further key findings from the report suggest:
·
Solid state lasers are expected
to grow at the fastest rate of over 10% during the forecast period due to
technological advances and increasing application in diagnostic field.
Neodynium Yttrium Aluminum Garnet (Nd:Yag) and Potassium titanyl phosphate
(KTP) are expected to drive growth over the forecast period.
·
On the basis of application
segments, urology, cardiology and gynecology are expected to be the top
contributors of the medical laser systems market. Statistics provided by the
WHO estimate that over 17.5 million people annually are reported with chronic
cases of cardiovascular disorder that require surgical follow-up.
·
North America held over 35.0%
of the market in 2014 due to rising disposable income, rising geriatric
population base coupled with increasing cases of age-related disorders and
conditions.
·
Asia Pacific is anticipated to
witness lucrative growth and capture over 25.0% share of the global market by
2022. Rising disposal income, increasing awareness and volume of cosmetic
surgeries, increasing incidences of diabetic retinopathy, rheumatoid arthritis
and dental caries are key drivers for the medical laser systems market growth
within the region.
·
Eminent players of this market
include IRIDEX Corp., Lumenis Ltd., Syneron-Candela, Photomedex Inc.,
Spectranetics Corp., Biolase Inc., Bioform Medica Inc., biolitec, and Cutera.
Grand View Research has
segmented the global medical laser systems market on the basis of products and
region:
Medical Laser Systems Product Outlook (Revenue in USD
Million, 2012 - 2022)
·
Diode Lasers
o
Solid State (Crystal) Lasers
o
Holmium Yttrium Aluminum Garnet
(Ho:Yag) lasers
o
Erbium Yttrium Aluminum Garnet
(Er:Yag) lasers
o
Neodynium Yttrium Aluminum
Garnet (Nd:Yag) lasers
o
Potassium Titanyl Phosphate
(KTP)
o
Alexandrite lasers
o
Ruby lasers
·
Gas Lasers
o
CO2
o
Argon
o
Krypton
o
Metal Vapor (Cu and Au)
o
Helium-Neon
o
Excimer
·
Dye Lasers
Medical Laser Systems Application Outlook (Revenue in USD
Million, 2012 - 2022)
·
Dermatology
·
Ophthalmology
·
Gynecology
·
Urology
·
Dentistry
·
Cardiology
·
Others
Medical Laser Systems Regional Outlook (Revenue in USD
Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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