CO2 Laser Market size is anticipated to reach USD 90 billion by the end of 2035, growing at a CAGR of 5% during the forecast period i.e., 2023 – 2035. In the year 2022, the industry size of CO2 laser was around USD 2 billion. The growth of this market can be primarily driven by the increasing demand for co2 lasers in non-invasive surgeries and diagnosis. Nowadays, people want everything fast and quickly this goes for diagnostics tests, medication, and surgeries as well. With rapid technological advancement, people are now exposed to non-invasive diagnoses and surgeries. This is possible with the help of co2 laser as it is efficient, precise, and literally causes very less pain & also they are a substantial part of these types of surgeries.
The growth of this market is also driven by the increasing application of co2 lasers in numerous industries. On account of increasing consumer preference and increasing demand for numerous industries, there has been a high rise in trends associated with innovation in laser technology. Such as the production sector currently requires a laser with high output power and high-speed finishing for cutting and welding. An improvement in beam precision is particularly essential since excellent beam systems offer accurate and quality-controlled operations.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~USD 2 billion |
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Forecast Year Market Size (2035) |
~USD 90 billion |
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Regional Scope |
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Application (Therapeutic & Diagnostics, LiDAR Imaging, Cutting & Perforations, Welding, Drilling)
CO2 laser market from the cutting and perforation segment is set to witness the largest market revenue of 30% by the end of 2035. The growth of this segment can be attributed to the increasing utilization of co2 laser cutting and perforations in various end-use industries. Owing to its high range of benefits and advantages such as high speed, finished touch, and notable precision. Additionally, they can handle both thick and thin substances leading to versatility in several applications. They can be utilized for delicate and heavy-duty cutting and perforation tasks making them a preferred option for a large variety of sectors.
End Use (Military & Defense, Aerospace, Metal Processing, Healthcare, Manufacturing, Automotive, Telecommunication)
The healthcare segment in the CO2 laser market is poised to account for the highest CAGR in the time period between 2023 – 2035. This can be propelled by an increasing prevalence of cosmetic surgery and procedures all across the globe. C02 lasers are majorly used in aesthetic and cosmetic surgery products for skin rejuvenation, wrinkle reduction, and the treatment of pigmentation issues. Fractional co2 lasers particularly have gained popularity for their potential to target specific areas while leaving the surrounding tissue tract. Besides, they are also utilized for disinfection and sterilization purposes in the medical sector. With around four million cosmetic treatments performed globally in 2020, the United States set the record.
Our in-depth analysis of the global market includes the following segments:
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Application |
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Output Power |
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End Use |
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North America Market Forecasts
The CO2 laser market in the North American is predicted to hold the largest market share of 34% by the end of the projection period. The region is the largest manufacturer and consumer of co2 lasers with escalating technological advancements in the region. The growth of this market can be attributed to the account of increasing utilization of co2 laser cutting in the healthcare and aerospace sector particularly in the United States. Co2 lasers are utilized in laser surgery which is a minimally invasive procedure that uses lasers to treat a variety of medical conditions. In 2020, around 4.6 million aesthetic minimally invasive treatments had taken place. Moreover, the increasing demand for laser surgery is influenced by escalating geriatric population and increasing incidence of cosmetic surgeries in the region further fuelling the industry growth in the region during the estimation period.
APAC Market Statistics
In the Asia Pacific region, the CO2 laser market is anticipated to experience significant market share during the time period between 2023 – 2035. The economies of China, India, and South Korea are among those that have made significant contributions to market expansion. The expansion is linked to the region's increasing use of CO2 laser tools in manufacturing and industrial automotive applications.
Author Credits: Radhika Gupta, Shivam Bhutani
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