Medical Laser Market Size & Share, by Lasers Type (Aesthetic, Dental, Surgical); Product (Consumables, Laser Systems); Application (Cardiovascular, Dentistry, Dermatology, Gynecology, Ophthalmology); End-user (Specialty Clinics, Dental, Cosmetics, Hospitals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4437
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Medical Laser Market size is expected to cross USD 9.5 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of medical laser was around USD 5 Billion.The growth of the market can primarily be ascribed to the rising sales of lasers owing to growing demand in multiple medical branches such as cardiovascular, dentistry, dermatology, gynecology, and others. For instance, in 2021, lasers sales across the globe were valued at over USD 15 billion.

Global medical laser market trends such as, booming cases of cardiovascular diseases, and flourishing healthcare expenditure across the globe are projected to influence the growth of the market positively over the forecast period. Based on statistics provided by the World Health Organization (WHO), cardiovascular disease accounted for approximately 17.9 million deaths per year across the globe, while one-third of death is associated with geriatrics. Medical lasers are getting more enhanced owing to growing technological advancement. These lasers are used in therapies, for instance, photodynamic & photo rejuvenation therapies, surgeries, medical diagnosis, treatment, and others. A surgeon becomes more capable of accomplishing complex tasks during the surgery with the proper assistance of lasers. Hence, all these factors are expected to propel the growth of the market over the forecast period.


medical-laser-market
Get more information on this report: Request Free Sample PDF

Medical Laser Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Dental Problems in the Global Population- As of 2020, nearly 65% population of the USA observed visiting dentists while the prevalence of dental visits by children was found to be the highest, estimated to be around 85% in a similar year. The dentistry segment is projected to have a higher demand for lasers since they are utilized to reshape the gums and to remove the root canal. Other procedures performed in dentistry that requires lasers are dentinal hypersensitivity, bleaching, restorative removal, curing, caries prevention, and others. Hence, such a higher demand for lasers is expected to hike the growth of the market during the forecast period.
  • Rising Inclination of Tattoos in the Younger Generation- In 2021, approximately 55% of adults in the United States were observed to have at least 1 tattoo, while around 6% of geriatrics were noticed to have 1 tattoo.
  • Increasing Requirement for Minimally Invasive Surgeries- For instance, nearly 250,000 cholecystectomies are performed every year across the globe. Additionally, the rate of repair of inguinal hernia was estimated to be around 8 per 100,000 individuals in the United States.
  • Significant Demand for Lasers in Dermatology- The skin treatment segment was projected to generate a revenue of approximately USD 0.60 billion in 2022.

Challenges

  • Possibility of Side Effects owing to Laser Surgeries
  • Higher Cost Associated with the Treatment
  • The expensive expense of medical laser therapy prevents it from being widely used in both rich and developing nations. As an illustration, the price of LASIK eye surgery can range from USD 1,050 to USD 4,050 per eye. Furthermore, in the United States, the average cost of LASIK surgery in 2020 was USD 2,600 per eye, which was more expensive than in 2019.
  • Requirement for Higher Initial Investment

Medical Laser Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

10%

Base Year Market Size (2022)

USD 5 Billion

Forecast Year Market Size (2033)

    USD 9.50 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Medical Laser Segmentation

Application (Cardiovascular, Dentistry, Dermatology, Gynecology, Ophthalmology)

The global medical laser market is segmented and analyzed for demand and supply by application into cardiovascular, dentistry, dermatology, gynecology, ophthalmology, and others, out of which, the ophthalmology segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to rising cases of disorders and diseases of the eye. As of 2022, the revenue generated by the ophthalmic devices segment was estimated at around USD 30 billion.

Our in-depth analysis of the global market includes the following segments:

          By Laser Type

  • Aesthetic
  • Dental
  • Surgical
  • Others

           By Product

  • Consumables
  • Laser Systems

           By Application

  • Cardiovascular
  • Dentistry
  • Dermatology
  • Gynecology
  • Ophthalmology
  • Others

            By End-User

  • Specialty Clinics
  • Dental
  • Cosmetics
  • Hospitals

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Medical Laser Industry - Regional Synopsis

North American Market Forecast

The North America medical laser market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be accounted to the skyrocketing number of cosmetics surgeries in the region. America was estimated to register the highest number of cosmetic surgeries across the globe. For instance, in 2020, more than 5 million surgical and cosmetic procedures were performed solely in the USA, up from approximately 1 million in 1997. Moreover, rising demand for minimally invasive procedures and growing cases of ophthalmic disorders are further estimated to hike the growth of the market in the region over the forecast period.

Research Nester
medical-laser-market-size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Medical Laser Landscape

top-features-companies
    • El.En. S.p.A.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Lumenis Be Ltd.
    • Cynosure LLC
    • BIOLASE, Inc.
    • IRIDEX Corporation
    • Cutera, Inc.
    • Candela Corporation
    • Ellex Inc.
    • Topcon Corporation
    • Lumentum Operation LLC

In-the-news

In The News

  • IRIDEX Corporation to receive the regulatory clearance for its product Cyclo G6 to be sold in the market. Cyclo G6 has been developed for the treatment of glaucoma disease. Furthermore, Cyclo is launched in China along with the company’s distributors Topcon and Clinico.

  • El.En. S.p.A.’s company Quanta System S.p.A. to donate surgical laser to the Onlus Manzo-Prod-Action.Aid. The laser has been donated for physiotherapy and dermatological application and it’ll be installed in Zimbabwe.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 4437
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing dental problems in the global population and rising inclination toward tattoos in the younger generation are estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.

The possibility of side effects owing to laser surgeries and higher costs associated with the treatment is estimated to challenge the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Lumenis Be Ltd., Cynosure LLC, BIOLASE, Inc., IRIDEX Corporation, Cutera, Inc., Candela Corporation, Ellex Inc., Topcon Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by lasers type, product, application, end-user, and by region.

The ophthalmology segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Medical Laser Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying