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Medical Laser Market Size

Report ID: GMI4417
Published Date: Mar 2023
Report Format: PDF

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Medical Laser Market Size

Medical Laser Market size was valued at over USD 4.9 billion in 2022 and is projected to reach more than USD 18.7 billion by 2032. The medical laser industry is constantly evolving, with new and innovative technologies being developed regularly

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For example, advances in laser technology have led to the development of new laser types, such as Sciton, a maker of medical and aesthetic lasers, has started employing optical coherence tomography to take internal pictures of the skin. The company claims that by using non-invasive imaging technology, clinicians can evaluate the skin more accurately and receive feedback on the appropriate setting conditions for the best outcomes. Moreover, light is a powerful sensor, and by employing lasers, doctors and surgeons may make quicker and more accurate diagnoses based on quality at which the laser's light reflects back. This technology aids researchers in better understanding infections and developing treatments for them.

Medical Laser Market Report Attributes
Report Attribute	Details
Base Year:	2022
Medical Laser Market Size in 2022:	USD 4.9 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	14.5%
2032 Value Projection:	USD 18.7 Billion
Historical Data for:	2018 to 2022
No. of Pages:	170
Tables, Charts & Figures:	214
Segments covered:	Product, Application, End-use, and Region
Growth Drivers:	Rising demand for minimally invasive surgical procedures Technological advancements in medical laser system Increasing demand for aesthetic treatments Growing medical tourism in developing countries
Pitfalls & Challenges:	High installation costs Stringent safety regulation

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A medical laser is a device that produces a concentrated beam of light that can be used for medical purposes. Medical lasers are used in a wide range of applications, including surgery, dermatology, dentistry, ophthalmology, and aesthetic medicine. Medical lasers work by emitting light at a specific wavelength that is absorbed by a particular type of tissue. This allows the laser to target specific tissues while leaving surrounding tissues unharmed. Medical lasers can be used to cut, ablate, vaporize, or coagulate tissue, depending on the intended application.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for medical laser was more than USD 4.9 billion in 2022 and is projected to record a CAGR of over 14.5% from 2023 to 2032.

Medical laser market share from the gas laser systems segment is expected to record a 14% CAGR from 2023 to 2032 owing to its growing application scope in skincare procedures.

North America region held a substantial share of over 43% in the global medical lasers industry in 2022 owing to factors like rising investment in medical R&D and surging prevalence of CVD and other disorders.

Cynosure, Koninklijke Philips N.V., Boston Scientific Corporation, Inc., Alcon AG, Fotona, and IRIDEX Corporation are some of the key players in the market.