Medical laser systems market is valued at US$8.099 billion in 2018 and is estimated to grow steadily during the course of the forecast period. Medical laser systems are professional instruments, developed to deliver optimal treatment results. It's growing applications in ophthalmology, dermatology, urology, and cardiology among others has been instrumental in boosting its demand. Increasing aesthetic procedures, cosmetic surgery and increasing concern towards the skin are boosting the market of laser medical systems. Also increasing problems of skin cancer and other skin disorders such as acne, dermatitis, etc. are further boosting the demand for laser systems in dermatology. The application of medical laser systems is expected to increase at a rapid pace in gynaecology. Geographically, North America region has a significant market share owing to increasing demand for aesthetic procedures, an increase in disposable income and increasing spending on health care and the medical sector. The market of the Asia Pacific region is also expected to grow owing to rapid industrialization and urbanization in the region.
Infection, scarring, bleeding and change in skin color due to medical laser system is a major challenge for the market. However, increasing investments in R&D, technological advancements, increasing disposable income, and growing demand for aesthetic procedures will boost the market of medical laser systems.
The Medical laser system market – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, and geography.
The Medical laser system market segmented based on type, application, and geography. Based on type the market has been segmented into solid laser systems, gas laser systems, diode laser systems, and dye laser systems. By application, the market has been classified into dermatology, dentistry, cardiovascular, angioplasty, and other applications.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Medical laser system market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Medical laser system market.