Carbon Dioxide Laser Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Laser Type (Flowing, Sealed-off, Transverse), By End-User (Automotive, Healthcare, Manufacturing, Military And Defense, Others), And By Geography - Forecasts From 2023 To 2028

The carbon dioxide laser market is projected to show steady growth during the forecast period.

One of the earliest molecular gas laser devices to be created, carbon dioxide lasers were created in 1964 and are still in use today. Both industrial and medicinal applications utilize them extensively. A combination of gases including carbon dioxide, helium, nitrogen, xenon, and water vapour make up the carbon dioxide laser. CO2 lasers are frequently employed for industrial applications for cutting, welding, and engraving because of their great power. Additionally, because these lasers have FDA (Food and Drug Association) approval, more people are using them in the medical field. The application of carbon dioxide lasers is a preferred method in both medical and cosmetic procedures because it results in less bleeding, pain, and infection risk.

The market is expanding as a result of an increase in the use of carbon dioxide laser technology in both industrial and medical soft tissue surgical operations. With the help of ablative and non-ablative lasers, cosmetic surgeons have been able to minimize the appearance of scars and wrinkles that are visible on human skin. Therefore, it is anticipated that the growing use of these lasers by experts to treat skin problems will fuel market expansion throughout the course of the forecast period. The benefits of carbon dioxide lasers include quicker cutting and welding processes and better skin texturing, which are boosting the market's expansion. Risks like skin color changes, infections, itching, and swelling, however, are a few restraints that are likely to slow the market's expansion.

Surge in eye diseases to drive the market

Myopia, hyperopia, astigmatism, and presbyopia are just a few of the ocular disorders whose prevalence is predicted to rise significantly over the course of the prediction period. The World Health Organization's October 2021 update estimated that 2.2 billion individuals worldwide suffer from either near or far-sightedness and that about 1 billion of these instances of vision impairment might be avoided or still need to be addressed. Additionally, according to the WHO, untreated presbyopia is estimated to affect roughly 826 million individuals worldwide. The researchers calculated a total of 19,512,708 children with myopia and a nationwide prevalence of about 36.1% based on data from the Kaiser Permanente Southern California pediatric eye exams in May 2022 by using an odds ratio of 2.61 between urban and rural environments and data from the 2020 United States Census. It is estimated that demand for these carbon dioxide lasers will increase over the predicted period as a result of the rising prevalence of eye-related disorders.

Additionally, glaucoma affects upwards of 3 million people in America, with open-angle glaucoma impacting roughly 2.7 million people aged 40 and older, according to the BrightFocus Foundation's June 2021 report. Additionally, the same analysis estimates that 111 million people will be affected by glaucoma by 2040, demonstrating the disease's rising prevalence internationally. Thus, it is anticipated that the rising incidence of eye illnesses will fuel the need for medical lasers, leading to a large increase in the market for carbon dioxide lasers.

Geographical insights

The North American region is anticipated to have rapid expansion. This is characterized by the region's strong healthcare systems, quick uptake of cutting-edge laser technology, and rising demand for aesthetic and cosmetic services. The American Society of Plastic Surgeons (ASPS) claimed that 13,281,235 minimally invasive cosmetic operations were carried out in the US alone in 2020, according to data that was updated in February 2022. Thus, it is anticipated that the market will be driven by the rising number of treatments employing these lasers. The same considerations are also expected to contribute significantly to Japan's revenue share in the Asia Pacific market for these lasers. For instance, based on information provided by the ISAPS (International Society of Aesthetic Plastic Surgery), about 1,058,198 cosmetic treatments utilizing these lasers were carried out in Japan in 2020. Thus, it is anticipated that the market will be driven in many regions by the rising interest in cosmetic operations.

COVID-19 Impact on the Carbon Dioxide Laser Market

Owing to the social distancing measures implemented by various governments around the world, the COVID-19 pandemic had a severe influence on the market as hospital and healthcare services were drastically reduced. Additionally, COVID-19 saw a decrease in the number of surgeries, which had an effect on the market for these lasers. The number of surgical procedures for RRD (Rhegmatogenous Retinal Detachment) declined in France during the 2020 COVID-19 lockdown without any compensating post-lockdown activity, according to a study titled "Impact of COVID-19 lockdown on surgical procedures for retinal detachment in France: a national database study" that was published in the British Medical Journal in November 2021. As a result, carbon dioxide lasers had a major decline in market growth during COVID-19.

Carbon Dioxide Laser Market Scope:

Segmentation:

• By laser type
  • Flowing
  • Sealed-off
  • Transverse
• By end-user
  • Automotive
  • Healthcare
  • Manufacturing
  • Military and Defense
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Taiwan
    • Indonesia
    • Others