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Medical laser systems market analysis | Coherent Market Insights

Read here the latest updates on the Medical Laser Systems Market<br> published by CMI team.<br>

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Medical laser systems market analysis | Coherent Market Insights

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  1. Coherent Marketing Insights https://www.coherentmarketinsights.com/ Market Research & Business Consulting Services Covid-19 Impact Tracker

  2. 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

  3. 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.

  4. 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.

  5. Figure 1: Global Medical Laser Systems Market Share (%) Value, By Region, 2019

  6. 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.

  7. Medical Laser Systems Market Report Coverage

  8. 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.

  9. Figure 2: Global Medical Laser Systems Market Value (US$ Mn), 2016 – 2027

  10. Market Trends/Key Takeaways Major players in the market focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, ELT Sight, Inc. acquired the IP and assets of MLase AG’s 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.

  11. 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.

  12. Request Sample Report Request Customization Download PDF Brochure Talk to Analyst Referance: https://www.coherentmarketinsights.com/market-insight/medical-laser-systems-market-3922

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. What We Provide:Customized Market Research AnalysisIndustry Analysis ServicesBusiness Consulting ServicesLong Term Engagement ModelCountry Specific Analysis

  14. Contact Us Mr. Shah Coherent Market Insights Pvt. LTD.Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S.Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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