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Cognizance into Medical Laser Market and it’s growth prospects

Drivers of Medical Laser Market growth including regional trends, factors driving multiple segments of XYZ industry and companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.

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Cognizance into Medical Laser Market and it’s growth prospects

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  1. Medical Laser Market size to record substantial gains from cosmetic surgical applications over 2019-2025 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Medical Laser Market : • Growing concerns among people regarding aesthetics across developing as well as developed countries is expected to drive medical laser market growth over the forecast period. Nowadays, medical lasers are widely used in several disciplines of medical treatment. • These lasers are increasingly being used to perform numerous surgical procedures including cosmetic surgery as people are increasingly opting for cosmetic surgeries to enhance appearance. Surging adoption of cosmetic surgeries across the globe would increase advanced medical laser system demands. • Meanwhile, improvements in healthcare institutions coupled with the surging medical tourism trend in developing nations would likely further support the market growth. Additionally, favorable reimbursement policies designed for several laser procedures would generate lucrative opportunities of growth for industry players, fueling the business growth.

  3. Continued... • Consumers’ preference for non-invasive procedures has grown over the past few years. Meanwhile, laser technology has emerged as a safe and improved treatment option for patients. Applications of medical laser technology in dentistry, cardiology, ophthalmology, urology and other therapeutic areas would prove to be beneficial for market growth. • For instance, today LASIK is the most commonplace laser eye surgery done for vision correction as it offers several benefits like faster patient recovery and reduced pain. Surging the adoption of such minimally invasive means of surgery would fuel market growth in the forthcoming time. • Medical lasers are categorized into gas laser systems, solid-state laser systems, dye laser systems, and diode laser systems. Gas lasers are used to perform surgeries that involve the risk of considerable blood loss or are highly sterile. These lasers are less intrusive and highly precise for surgeons as well as patients.

  4. Continued... • Surging use of gas lasers for eye, skin, other surgeries is anticipated to spur segment size over the forecast period. According to reports, gas laser systems segment was valued at approx. USD 900 million in 2018 and is poised to register considerable growth in the forthcoming time. • Based on the application, the urology segment is expected to witness growth at a rate of over 16% CAGR over the projected period. Rising prevalence of bladder tumors, benign prostate hyperplasia, kidney stones, as well as other urological diseases across the world would stimulate medical laser demand for treatment of complex and routine urological conditions. • Technology advancements in Benign Prostatic Hyperplasia (BPH) and lithotripsy treatments would further favor business expansion in the forthcoming time.

  5. Continued... • Hospitals, specialty clinics, and ambulatory surgical centers are the end-users of medical laser systems. Out of which, ambulatory surgical centers provide minimally invasive surgeries which require a significantly quicker recovery time and smaller hospital stay. Rising inclination of patients towards ASCs for a varied array of laser procedures like eye surgeries would benefit segment growth in the forthcoming years. According to reports, the ambulatory surgical center segment held more than 15% revenue share in 2018 and is expected to witness substantial growth over the forecast period. • On the geographical front, APAC is expected to offer lucrative growth opportunities for the medical laser market. High-quality and cost-effective treatments offered in nations like South Korea, India, and Malaysia are attracting international patients for numerous surgical procedures.

  6. Continued... • Furthermore, surging awareness among people about the availability of cutting-edge treatments and products, and increasing healthcare expenditure would further foster APAC medical laser industry growth over the forecast period. On this note, studies suggest that APAC medical laser market is expected to exceed USD 2 billion by 2025 • Key players working in the medical laser market landscape include Alcon, American Medical Systems, Koninklijke Philips, Bausch & Lomb, Lumenis, Fotona, Sisram, and Cynosure. Industry participants are involved in several inorganic strategies like acquisitions, mergers, and partnerships and rolling out innovative products to garner a major market share.

  7. Browse Full Market Research Report On Medical Laser Market @ h https://bit.ly/2uEYkoA Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/4417

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