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The Global Medical Laser Market to Reach $9.2 Billion by 2027. Medical Tourism Creating Enormous Growth Opportunities for Vendors - Arizton

·5 min read
SIRIUS MANAGEMENT CONSULTING
SIRIUS MANAGEMENT CONSULTING

The global medical laser market was valued at $4.2 billion in 2021 and is expected to reach $9.2 billion by 2027.

Chicago, June 16, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the global medical laser market will grow at a CAGR of 14%. Prevalence of eye-related disorders, rise in the number of cosmetic and aesthetic procedures, increase in minimally invasive surgical procedures, expansion of medical tourism, and adoption of advanced laser-based treatments are the major factors contributing to the growth of the market.

The demand for medical lasers in hospitals will propel with the rise in the number of hospitals and medical tourism for cosmetic surgeries. North America is the top-rated medical tourism destination in the world. The medical reputation of the US and Canada has been maintained high for a long time.

Medical Laser Market Report Scope

Report Attributes

Details

MARKET SIZE (2021)

$4.2 Billion

MARKET SIZE (2027)

$9.2 Billion

CAGR (2022-2027)

14%

 

BASE YEAR

2021

 

FORECAST YEAR

2022-2027

MARKET SEGMENTS

Type, Power, Application, Procedure, End-User, and Geography

GEOGRAPHIC ANALYSIS

North America, Europe, APAC, Latin America, and Middle East & Africa

COUNTRIES COVERED

US, Canada, Germany, France, UK, Italy, Spain, Denmark, Sweden, China, Japan, India, Australia, South Korea, Thailand, Brazil, Mexico, Argentina, Columbia, Turkey, Saudi Arabia, South Africa, and Israel

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A wide base of medical laser manufacturers is established across the world with the growth in demand for laser-based treatments. Well-known companies acquire emerging and start-up medical laser manufacturers to strengthen their positions in the market globally. These acquisitions help the companies in expanding their consumer base, minimize marketplace competition, and create a value that is higher than each company offering individually. Major medical laser manufacturers, such as Candela Medical, Boston Scientific, and Hologic have strengthened their positions in the market through acquisitions.

Key Highlights

  • The high demand for aesthetic and cosmetic procedures among adult and aging populations owing to the rise in awareness regarding physical appearance is driving the global medical lasers market.

  • In 2021, the diode laser devices segment accounted for the highest share of more than 44.5% in the global medical lasers market.

  • The high-power laser devices segment accounted for the highest share of more than 54.3% in the global medical lasers market.

  • In 2021, the diagnosis, therapy & surgery segment accounted for the highest share of around 61% in the global medical lasers market.

  • The global ophthalmology lasers market is expected to grow at a CAGR of 14.22%.

  • North America is leading the global medical laser market with the largest share of 39.00% in 2021. It is estimated that the APAC region is expected to have the fastest growth compared to the other regions.

Competitive Landscape

The global medical lasers market is highly competitive and dynamic, characterized by the existence of many global, regional, and local vendors providing a diverse range of lasers. Some major acquisitions by vendors have proven to be beneficial. For instance, in early 2020, the affiliated private equity funds of Baring Private Equity Asia acquired Lumenis, a leading provider of specialty energy-based medical devices across the fields of urology, aesthetics, ENT, ophthalmology, and gynecology, with an international presence. This led other players to emerge and secure leading positions in the market. Vendors should target customers who prefer products offered by competitors in the market. Such competitive pressure may result in the reduction of prices and reduced margins for products.

Key Vendors

  • Bausch & Lomb

  • Candela Medical

  • Koninklijke Philips N.V

  • Boston Scientific

  • Hologic

  • Fotona

  • Cutera

  • En. S.P.A.

  • IRIDEX Corporation

  • Shanghai Fosun Pharmaceutical

Other Prominent Vendors

  • Beijing ADSS Development

  • Advanced MedTech

  • Aerolase

  • Alcon

  • Alna-Medicalsystem AG & Co. KG

  • AngioDynamics

  • Aspen Laser

  • Astanza Laser

  • Beijing Sanhe Beauty S & T Co.

  • BIOLASE

  • biolitec A.G.

  • Biotec Italia Srl

  • Bison Medical

  • Bluecore Company

  • Coherent

  • CryoLife

  • Dentsply Sirona

  • Dominion Aesthetic Technologies

  • Domino srl

  • Gigaalaser

  • InMode

  • P.G. Photonics

  • Jenoptik

  • Leaflife Technology

  • LINLINE Medical Systems

  • Lutronic

  • Lynton Lasers

  • MedArt ApS

  • Medency

  • PhotoMedex

  • Ra Medical Systems

  • REIMERS & JANSSEN GmbH

  • Sciton

  • Venus Concept

  • Wavemed S.R.L.

  • Wuhan Dimed Laser Technology

  • WUHAN ZJZK TECHNOLOGY

  • ZEISS International

  • Zimmer MedizinSysteme GmbH

Market Segmentation

Type

  • Diode Laser Devices

  • Gas Laser Devices

  • Solid-State Laser Devices

  • Dye Laser Devices

Power

  • High

  • Low

Application

  • Diagnosis

  • Therapy & Surgery

  • Aesthetics

Procedure

  • Ophthalmology

  • Dermatology

  • Dentistry

  • Gynecology

  • Urology

  • Cardiology

  • Others

End-User

  • Hospitals

  • Aesthetic Clinics

  • Physicians’ Office

  • Others

Geography

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Denmark

    • Sweden

  • APAC

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Columbia

  • Middle East & Africa

    • Turkey

    • Saudi Arabia

    • South Africa

    • Israel

Explore our  healthcare lifesciences profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040 +1 302 469 0707