Medical Laser Market

Analysis by Lasers Type (Aesthetic, Dental, Surgical, and Others); by Product (Consumables, and Laser Systems); by Application (Cardiovascular, Dentistry, Dermatology, Gynecology, Ophthalmology, and Others); and by End-User (Specialty Clinics, Dental, Cosmetics, and Hospitals) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 4437 | Published On: Feb 13, 2023
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Global Medical Laser Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global medical laser market is estimated to garner a revenue of USD 9.50 Billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 5.00 Billion in the year 2022. 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.

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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.

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Global Medical Laser Market: Key Insights

Base Year


Forecast Year




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)

Global Medical Laser Market: 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.


  • 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

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.

Global Medical Laser Market Regional Synopsis

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.



Market Segmentation

Our in-depth analysis of the global medical laser 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

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Top Featured Companies Dominating the Global Medical Laser Market

    • 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

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the medical laser market?

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

2) What would be the CAGR of medical laser market over the forecast period?

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

3) What are the challenges affecting the medical laser market growth?

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

4) Which region will provide more business opportunities for growth of medical laser market in future?

Ans: 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.

5) Who are the major players dominating the medical laser market?

Ans: 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.

6) How are the company profiles selected?

Ans: 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.

7) What are the segments in the medical laser market?

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

8) Which segment captures the largest market size in application in the medical laser market?

Ans: The ophthalmology segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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