Medical Laser Systems Market | Coherent Market Insights

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• MEDICAL LASER SYSTEMS MARKET ANALYSIS
• Medical Laser Systems Market, By Product Type
  (Diode Lasers, Solid State (Crystal), Gas Lasers,
  Dye Lasers), By Application (Dermatology,
  Ophthalmology, Gynecology, Urology, Dentistry,
  Cardiovascular, Others (Gastroenterology,
  Rheumatology, Traumatology)), and By Region
  (North America, Latin America, Europe, Asia
  Pacific, Middle East Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2020 - 2027

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• Medical lasers are medical devices that use
  precisely focused light sources to treat or
  remove tissues. Medical laser systems are used in
  several surgical procedures such as cosmetic
  surgery, refractive eye surgery, dental
  procedures, and general surgery such as tumor
  removal, cataract removal, breast surgery,
  plastic surgery and most other surgical
  procedures.
• Statistics
• The global medical laser systems market is
  estimated to account for US 5,884.3 Mn in terms
  of value by the end of 2027.

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• Global Medical Laser Systems Market Drivers
• Increasing prevalence of ophthalmic disorders is
  expected to propel growth of the global medical
  laser systems market over the forecast period.
  For instance, according to the study, The
  national and subnational prevalence of cataract
  and cataract blindness in China a systematic
  review and meta-analysis, published in the
  Journal of Global Health in June 2018, the
  prevalence of any cataract ranged from 6.71 in
  people aged 45-49 years to 73.01 in elderly aged
  85-89 years in males.
• Moreover, increasing aesthetic appeal is also
  expected to aid in growth of the market. For
  instance, according to a 2018 survey by
  American Society of Plastic Surgeon, around
  594,266 laser skin resurfacing procedures were
  performed in the U.S.

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• Figure 1 Global Medical Laser Systems Market
  Share () Value, By Region, 2019

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Global Medical Laser Systems Market Restraints

• Stringent regulations are expected to hinder
  growth of the market. Exposure of the human body
  to certain lasers may result in damage to the
  eyes and skin. This vulnerability of the human
  body to some lasers has resulted in evolution of
  a variety of laser safety standards including
  Federal Regulations, State Regulations and
  non-regulatory standards. Z136 series of laser
  safety standards by the American National
  Standards Institute is the most commonly used
  standard for the healthcare sector.
• Moreover, high failure rates and adverse effects
  are also expected to limit the market growth.
  Laser treatment has high failure rates and may
  lead to irreversible side effects such as dry
  eyes, over correction or under correction, double
  vision, epithelium erosion, and glare.

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• Medical Laser Systems Market Report Coverage

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Global Medical Laser Systems Market
Opportunities

• Increasing prevalence of diabetes is expected to
  offer lucrative growth opportunities for players
  in the global medical laser systems market. For
  instance, according to the study, Global and
  regional diabetes prevalence estimates for 2019
  and projections for 2030 and 2045 Results from
  the International Diabetes Federation Diabetes
  Atlas, 9th edition, published in the journal
  Diabetes Research and Clinical Practice, in
  September 2019, 463 million people are expected
  to suffer from diabetes in 2019 worldwide and the
  number is expected to reach 578 million by 2030
  and 700 million by 2045.
• Moreover, expansion in new regions is also
  expected to aid in growth of the market. For
  instance, in May 2020, LTB Lasertechnik Berlin
  GmbH established LTB Laser Technologies, Inc. in
  California, U.S. to expand its presence in North
  America.

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Figure 2 Global Medical Laser Systems Market
Value (US Mn), 2016 2027

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Market Trends/Key Takeaways

• Major players in the market focused on adopting
  MA strategies to expand their product portfolio.
  For instance, in November 2019, ELT Sight, Inc.
  acquired the IP and assets of MLase AGs excimer
  ophthalmic laser system for glaucoma surgery.
• Major players in the market are also focused on
  product launch to expand their product portfolio.
  For instance, in October 2018, Alcon Inc.
  launched software and hardware enhancements to
  the WaveLight Refractive Suite. The new software
  updates enhance the graphical user interface of
  the Suite's WaveNet Planning Station, EX500
  Excimer Laser, and the FS200 Femtosecond Laser.

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Global Medical Laser Systems Market Key
Developments

• Major players in the market are focused on
  adopting partnership strategies to enhance their
  market share. For instance, in January 2020, DEKA
  M.E.L.A. srl entered into an exclusive
  distribution agreement with Cartessa Aesthetics
  to market its aesthetic platform device, Luxea, a
  multi-modality intense pulsed light and laser
  platform system, in the U.S.
• Major players in the market are also focused on
  expanding their presence in new regions to
  enhance their market share. For instance, in
  October 2019, Lumibird started its Canadian
  subsidiary Lumibird Canada in Ottawa.

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  market-insight/medical-laser-systems-market-3922

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