Medical Laser Market (By Product: Laser systems, Consumables; By Type: Surgical Lasers, Dental Lasers, Aesthetic Lasers, Others; By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others; By System: Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Diode Laser Systems; By Application: Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiology, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global medical laser market size was estimated at US$ 5.16 billion in 2022 and it is projected to surpass around US$ 19.91 billion by 2032, growing at a registered CAGR of 14.50% during the forecast period 2023 to 2032.
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The use of intense light beam in order to cut burn or destroy a tissue is the medical treatment is called laser therapy it is a non invasive yet an intensive light source in order to treat issues which also heal quickly without scarring the body. There is an increasing demand for laser procedures in developing as well as in the developed countries due to the aesthetic aspect.
The demand for medical laser treatments had dropped down during the pandemic and there was a decline of about 12% due to the pandemic. The demand for these therapies or the use of medical laser dropped down in all the regions across the globe as physical examinations and other surgeries were prohibited due to the pandemic norms.
Growth Factors
In many developing and developed nations there is a demand for minimally invasive cosmetic procedures and this demand is expected to boost the market growth during the forecast period as people are being aware about these surgeries which cause less damage, these surgeries have good recovery rate the demand for the market is growing. Growing technological advancements are expected to drive the market growth.
According to a research firm which is based in the US said that the vision corrective procedures had increased by 48% in the year 2020 there is also an increase in demand for laser procedures in skin care and dermatology. Advanced technological developments have led to the adoption of these minimally invasive procedures for many skin lightening and pigmentation removal procedures does a demand for laser treatments for anti-aging and this is expected to help in the growth of the market during the forecast. As an increased number of disorders across many patients in the world the demand for these non invasive surgeries with the help of laser treatment are likely to help in the growth of the market during the forecast period in both the developing and the developed nations.
Innovative technology and the introduction of new laser treatments for specific areas has driven the market laser treatments are also used for fat reduction the treatment helps in emulsifying the adipose tissue and releases the excess fatty materials. These new technological advancements in this market are propelling the markets growth and the markets shall grow during the forecast period. The woman population is undergoing many skin treatments as the results are faster and they also heal faster. Aesthetic laser treatments are in great demand in the developed nations there are innovations in order to efficiently take out kidney stones with the help of these laser treatments owing to all of these factors the market for laser should grow during the forecast.
Report Scope of the Medical Laser Market
Report Coverage | Details |
Market Size by 2032 | USD 19.91 Billion |
Growth Rate from 2023 to 2032 |
CAGR of 14.50% |
North America Market Share in 2022 | 46% |
Surgical Laser Market Share in 2022 | 54% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered | Product, Type, Application, End User, System, , Geography |
Companies Mentioned | BiolaseInc, Candela corporation, Top corn corporation, Lumenis limited, Sisram medical limited, Iridex Corporation |
Type Insights
The surgical laser market segment accounted revenue share 54% in 2022 and it is also expected to grow at a higher here during the forecast. Increase technological advancements growing implementation of minimally invasive surgeries awareness regarding the availability of surgeries prevailing chronic diseases and the prevailing ophthalmic diseases are all the reasons that have led to a growth in the medical lasers market the surgical laser segment shall grow owing to all of these reasons.
The aesthetic laser market segment is also expected to grow it shall have the second largest share during the forecast. The aesthetic labor market segment accounted 35% market share in 2022. There is an increase in the number of this aesthetic laser treatments or surgeries due to it being minimally invasive with a good recovery rate the dental laser treatment segment is also expected to grow well during the forecast period as an increased awareness amongst the people regarding oral hygiene and increasing dental disorders.
Product Insights
On the basis of the product, the consumable segment is expected to have the largest market share during the forecast period in the recent years the consumables medical laser market had a good growth as an increased demand for consumables used poor laser system it is expected to help in the growth of the consumable segment during the forecast period. Every airport system about 100 to 140 consumables are used and this number shall keep on increasing every year. Due to an increasing demand for various surgeries there's an increase in demand for the consumables which shall help in the growth of the market during the forecast. Many growth opportunities for this medical laser will be provided in many developing nations during the forecast. Different types of lasers are in great demand across the nations these are solid state lasers diode lasers gas lasers dye lasers and other types of lasers.
End Use Insights
On the basis of the end user, the hospital and specialty clinics shall have to largest on wages of end users of this medical lasers the specialty clinic shall have the largest market growth during the forecast. Previously in the recent years specialty clinics had accounted for the largest market share in many developing countries as there's an increase in the per capita income and the demand for aesthetic appeal the market for lasers is expected to grow developing nations are also focusing on hospital infrastructure and improving the health care conditions of these regions all of these factors are expected to drive the laser market in developing nations The specialty clinics Future totally devoted to various surgeries that are related to laser are growing well.
Solid State Laser Systems in Limelight
The global medical laser market is classified as solid state laser systems, gas laser systems, dye laser systems, and diode laser systems by system. Among these classified systems, solid state laser systems are anticipated to acquire the highest share of the medical laser market in the years to come. Solid state lasers have various benefits. They are highly efficient in comparison with others, its structure is simpler than others, and these lasers are economically affordable. These benefits are the fueling factors in the growth of this market. The wide usage of these lasers is done in several medical applications to perform studies related to laser radiation in cardiology, ophthalmology, dermatology, and dentistry. These lasers are helpful in the treatment of melisma, removal of scars, and reappearing of skin. These factors have motivated healthcare organizations to make use of these lasers for performing various treatments.
Solid state laser systems are further sub-classified intoholmium yttrium aluminum garnet laser (Ho:Yag) systems,erbium yttrium aluminum garnet laser (Er:Yag) systems, alexandrite laser systems, potassium titanyl phosphate laser systems, ruby laser systems, and Q-switch lasers.Neodymium yttrium aluminum garnet lasers (Nd:YAG),neodymium yttrium aluminum garnet laser (Nd:Yag) systems are able to undergo more levels of tissue in comparison with others, as it contains a wavelength of 1,064 nanometer (nm). These lasers are employed to a big extent of eye and skin diseases. For the treatment of eyes, skin, tattoo and hair removal, etc., healthcare professionals make use of these lasers. These lasers even are a solution for the removal of hairs permanently. Collaborations of numerous organizations with private and regional organizations to glorify the usage of Nd:Yag solid state lasers for diverse medical applications. For example, Harrods Wellness Clinic announced the partnership with Lumenis Ltd. to adorn its aesthetic medical center.
Regional Insights
The North American region accounted largest revenue share of 46% in 2022 and it is expected to grow well during the forecast. As in high preference for cosmetic surgeries and minimally invasive medical procedures there is great demand for these technologies in US and these are the factors that are responsible for the growth of the medical laser in the North American region. For vision correction the laser treatments are extensively used in various regions across North America. There was an expenditure of about 20 billion in US for cosmetic surgeries. Followed by North America Europe is also expected to have a good growth during the forecast period as an increased use of laser treatment for ophthalmic disorders. There is an increased demand for lasers in many countries across Europe especially in Germany.
The Asia Pacific region is also expected to have a great growth during the forecast period as there is development and health care infrastructure and there is increasing number of laser centers in this region. The demand for hair removal procedures and aesthetic lasers are driving the market in the Asia Pacific region.
Medical Lasers had a balance of Contrary Forces during the Pandemic
Due to imposed lockdowns across the globe as a precautionary measures for the outburst of the novel coronavirus, there was a monitory downfall for almost all the industries worldwide. Healthcare industry was not an exception to this. Due to lockdowns, supply chains were totally disturbed. Manufacturing plants were temporarily closed, or those which were opened didn’t have enough workforce. Prominent players were concentrating more on R&D operations to supply the certain amount of medications, vaccines, medical equipment. These players were also concentrating on introducing new and inventive products.
Individuals affected by this virus were on priority list in terms of healthcare resources. However, regular services were kept on hold to impede the outbreak of this virus. Various governments across the countries declared lockdowns allowing only necessary services. From the time of lockdowns, hospitals and clinics providing laser services were shut. The global medical laser market did not experience a sharp downturn in comparison with others markets.
On the other hand, populace started rushing towards conducting their laser surgeries. The demand for aesthetic treatment was robust at the time of COVID-19 pandemic. These treatments witnessed an exponential growth. As per the survey done by Aesthetic Society, individuals in America have spent more than $9 Billion over the aesthetic surgeries in the year 2020. In addition, on the basis of the survey dine by the Advanced Cosmetic Surgery & Laser Center located in the U.S., aesthetic procedures like fillers and Botox grew approximately by 90% in the year 2020. The global laser market witnessed a downfall in the revenue growth trajectory, though a few of the segments got a hike in their demand.
Key market players
Recent Developments
Segments Covered in the report.
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By Product
By Type
By End User
By System
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Laser Market
5.1. COVID-19 Landscape: Medical Laser Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Laser Market, By Product
8.1. Medical Laser Market, by Product, 2023-2032
8.1.1. Laser Systems
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Consumables
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Medical Laser Market, By Type
9.1. Medical Laser Market, by Type, 2023-2032
9.1.1. Surgical Lasers
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Dental Lasers
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Aesthetic Lasers
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Medical Laser Market, By End User
10.1. Medical Laser Market, by End User, 2023-2032
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Specialty Clinics
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Ambulatory Surgical Centers
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Medical Laser Market, By System
11.1. Medical Laser Market, by System, 2023-2032
11.1.1. Solid State Laser Systems
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Gas Laser Systems
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Dye Laser Systems
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Diode Laser Systems
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Medical Laser Market, By Application
12.1. Medical Laser Market, by Application, 2023-2032
12.1.1. Application
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Dermatology
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Gynecology
12.1.3.1. Market Revenue and Forecast (2020-2032)
12.1.4. Dentistry
12.1.4.1. Market Revenue and Forecast (2020-2032)
12.1.5. Others
12.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Medical Laser Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2020-2032)
13.1.2. Market Revenue and Forecast, by Type (2020-2032)
13.1.3. Market Revenue and Forecast, by End User (2020-2032)
13.1.4. Market Revenue and Forecast, by System (2020-2032)
13.1.5. Market Revenue and Forecast, by Application (2020-2032)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2020-2032)
13.1.6.2. Market Revenue and Forecast, by Type (2020-2032)
13.1.6.3. Market Revenue and Forecast, by End User (2020-2032)
13.1.6.4. Market Revenue and Forecast, by System (2020-2032)
13.1.7. Market Revenue and Forecast, by Application (2020-2032)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2020-2032)
13.1.8.2. Market Revenue and Forecast, by Type (2020-2032)
13.1.8.3. Market Revenue and Forecast, by End User (2020-2032)
13.1.8.4. Market Revenue and Forecast, by System (2020-2032)
13.1.8.5. Market Revenue and Forecast, by Application (2020-2032)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2020-2032)
13.2.2. Market Revenue and Forecast, by Type (2020-2032)
13.2.3. Market Revenue and Forecast, by End User (2020-2032)
13.2.4. Market Revenue and Forecast, by System (2020-2032)
13.2.5. Market Revenue and Forecast, by Application (2020-2032)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
13.2.6.2. Market Revenue and Forecast, by Type (2020-2032)
13.2.6.3. Market Revenue and Forecast, by End User (2020-2032)
13.2.7. Market Revenue and Forecast, by System (2020-2032)
13.2.8. Market Revenue and Forecast, by Application (2020-2032)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2020-2032)
13.2.9.2. Market Revenue and Forecast, by Type (2020-2032)
13.2.9.3. Market Revenue and Forecast, by End User (2020-2032)
13.2.10. Market Revenue and Forecast, by System (2020-2032)
13.2.11. Market Revenue and Forecast, by Application (2020-2032)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2020-2032)
13.2.12.2. Market Revenue and Forecast, by Type (2020-2032)
13.2.12.3. Market Revenue and Forecast, by End User (2020-2032)
13.2.12.4. Market Revenue and Forecast, by System (2020-2032)
13.2.13. Market Revenue and Forecast, by Application (2020-2032)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2020-2032)
13.2.14.2. Market Revenue and Forecast, by Type (2020-2032)
13.2.14.3. Market Revenue and Forecast, by End User (2020-2032)
13.2.14.4. Market Revenue and Forecast, by System (2020-2032)
13.2.15. Market Revenue and Forecast, by Application (2020-2032)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2020-2032)
13.3.2. Market Revenue and Forecast, by Type (2020-2032)
13.3.3. Market Revenue and Forecast, by End User (2020-2032)
13.3.4. Market Revenue and Forecast, by System (2020-2032)
13.3.5. Market Revenue and Forecast, by Application (2020-2032)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
13.3.6.2. Market Revenue and Forecast, by Type (2020-2032)
13.3.6.3. Market Revenue and Forecast, by End User (2020-2032)
13.3.6.4. Market Revenue and Forecast, by System (2020-2032)
13.3.7. Market Revenue and Forecast, by Application (2020-2032)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2020-2032)
13.3.8.2. Market Revenue and Forecast, by Type (2020-2032)
13.3.8.3. Market Revenue and Forecast, by End User (2020-2032)
13.3.8.4. Market Revenue and Forecast, by System (2020-2032)
13.3.9. Market Revenue and Forecast, by Application (2020-2032)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2020-2032)
13.3.10.2. Market Revenue and Forecast, by Type (2020-2032)
13.3.10.3. Market Revenue and Forecast, by End User (2020-2032)
13.3.10.4. Market Revenue and Forecast, by System (2020-2032)
13.3.10.5. Market Revenue and Forecast, by Application (2020-2032)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2020-2032)
13.3.11.2. Market Revenue and Forecast, by Type (2020-2032)
13.3.11.3. Market Revenue and Forecast, by End User (2020-2032)
13.3.11.4. Market Revenue and Forecast, by System (2020-2032)
13.3.11.5. Market Revenue and Forecast, by Application (2020-2032)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2020-2032)
13.4.2. Market Revenue and Forecast, by Type (2020-2032)
13.4.3. Market Revenue and Forecast, by End User (2020-2032)
13.4.4. Market Revenue and Forecast, by System (2020-2032)
13.4.5. Market Revenue and Forecast, by Application (2020-2032)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
13.4.6.2. Market Revenue and Forecast, by Type (2020-2032)
13.4.6.3. Market Revenue and Forecast, by End User (2020-2032)
13.4.6.4. Market Revenue and Forecast, by System (2020-2032)
13.4.7. Market Revenue and Forecast, by Application (2020-2032)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2020-2032)
13.4.8.2. Market Revenue and Forecast, by Type (2020-2032)
13.4.8.3. Market Revenue and Forecast, by End User (2020-2032)
13.4.8.4. Market Revenue and Forecast, by System (2020-2032)
13.4.9. Market Revenue and Forecast, by Application (2020-2032)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2020-2032)
13.4.10.2. Market Revenue and Forecast, by Type (2020-2032)
13.4.10.3. Market Revenue and Forecast, by End User (2020-2032)
13.4.10.4. Market Revenue and Forecast, by System (2020-2032)
13.4.10.5. Market Revenue and Forecast, by Application (2020-2032)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2020-2032)
13.4.11.2. Market Revenue and Forecast, by Type (2020-2032)
13.4.11.3. Market Revenue and Forecast, by End User (2020-2032)
13.4.11.4. Market Revenue and Forecast, by System (2020-2032)
13.4.11.5. Market Revenue and Forecast, by Application (2020-2032)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2020-2032)
13.5.2. Market Revenue and Forecast, by Type (2020-2032)
13.5.3. Market Revenue and Forecast, by End User (2020-2032)
13.5.4. Market Revenue and Forecast, by System (2020-2032)
13.5.5. Market Revenue and Forecast, by Application (2020-2032)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2020-2032)
13.5.6.2. Market Revenue and Forecast, by Type (2020-2032)
13.5.6.3. Market Revenue and Forecast, by End User (2020-2032)
13.5.6.4. Market Revenue and Forecast, by System (2020-2032)
13.5.7. Market Revenue and Forecast, by Application (2020-2032)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2020-2032)
13.5.8.2. Market Revenue and Forecast, by Type (2020-2032)
13.5.8.3. Market Revenue and Forecast, by End User (2020-2032)
13.5.8.4. Market Revenue and Forecast, by System (2020-2032)
13.5.8.5. Market Revenue and Forecast, by Application (2020-2032)
Chapter 14. Company Profiles
14.1. BiolaseInc
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Candela corporation
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Top corn corporation
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Lumenis limited
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Sisram medical limited
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Iridex Corporation
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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