Medical Lasers Market

Medical Lasers Market Size by Type (Surgical Lasers, Dental Lasers, Aesthetic Lasers and Others), Product Type (Solid-state Laser Systems, Gas Laser Systems, Dye Laser Systems and Diode Laser Systems), Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiovascular and Others), End-User (Specialized Clinics, Ambulatory Surgical Centers, and Hospitals), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13724
  • Published Date: Sep, 2023
  • Pages: 238
  • Category: Healthcare
  • Format: PDF
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In 2022, the global medical lasers market registered USD 5.48 billion in revenue and is anticipated to grow at a CAGR of 15.09% from 2023 to 2032. The market is expected to reach USD 22.34 billion by 2032. The medical lasers market is experiencing significant growth, primarily fueled by the growing adoption of medical lasers in cosmetic surgeries and the alarming rise in the prevalence of various chronic diseases. Additionally, the increasing occurrences of eye-related disorders, ongoing technological advancements, and the expanding applications of medical lasers in gynaecology are expected to be key drivers for the industry's growth throughout the forecast period.

Market Introduction:

Medical lasers are specialized devices that emit highly focused and intense beams of light in the visible or non-visible spectrum, primarily for medical and healthcare applications. These lasers are designed and used in various medical procedures and treatments to interact with biological tissues and achieve specific therapeutic or diagnostic outcomes. They offer precision and control, making them valuable tools in modern medicine. Medical lasers find application in diverse fields, including surgery, dermatology, ophthalmology, dentistry, urology, gynaecology, and more, enabling minimally invasive and highly effective medical interventions. They also contribute to drug delivery, bio-sensing, cancer treatment, bio-imaging, and cancer cell diagnostics. In cosmetic surgery, medical laser systems are instrumental in removing sunspots, scars, tattoos, stretch marks, birthmarks, wrinkles, spider veins, and hair. Furthermore, these advanced systems facilitate tumour and cataract removal, various plastic surgery procedures, breast surgery, and other surgical techniques.

Medical Lasers Market Size

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Recent Development
  • In August 2023: Lumibird has acquired PRIMA INDUSTRIE's High-Power Laser and Semiconductor Divisions in Italy and the United States. This strategic move equips Lumibird with cutting-edge solutions and heightened independence in semiconductors and high-power fiber lasers, opening doors to fresh market opportunities concurrently. This acquisition represents a dual-pronged strategic advantage for Lumibird, reinforcing its self-reliance in semiconductor and ultra-high-power fiber laser technologies while expanding into novel market segments. The integration of semiconductor capabilities harmoniously augments Lumibird's prior strategic investments in fiber optics and related components, enabling it to emerge as a self-sufficient supplier of pivotal components and affording greater latitude for innovation in materials and components. Furthermore, this move allows Lumibird to internalize profit margins on high-cost components, further fortifying its market position.
  • In February 2023: BIOLASE, Inc., a prominent medical device firm, has unveiled its latest innovation for healthcare professionals in the United States – the Waterlase Fractional Handpiece. This cutting-edge device is designed to offer doctors a swifter and more effective method for conducting skin resurfacing procedures. Boasting U.S. FDA 510(k) clearance, the Waterlase Fractional Handpiece is engineered on the patented and battle-tested Waterlase iPlus platform, renowned as the premier all-tissue laser in the industry. This remarkable handpiece empowers medical practitioners to administer both ablative and non-ablative fractional treatments, granting them precise control over penetration depth through versatile parameters and treatment techniques.
  • In June 2022: Iridex Corporation, a leading supplier of cutting-edge ophthalmic laser-based medical solutions for the management of glaucoma and retinal diseases, has obtained regulatory approval from the National Medical Products Administration (NMPA) to market and distribute its Cyclo G6 platform for the treatment of glaucomatous conditions in China.

Market Dynamics:

Drivers

Increasing Prevalence of Chronic Diseases - The growing number of chronic diseases, such as ophthalmic disorders, cardiovascular diseases, and cancer, has increased the demand for medical lasers for diagnosis and treatment.

Ageing Population - The rising ageing population has contributed to the growth of the global medical lasers market. Older individuals often require medical treatments that can be effectively performed using lasers, including dermatological and ophthalmic procedures.

Growing Aesthetic Medicine Market - The increasing focus on aesthetics and cosmetic treatments has driven the demand for laser-based techniques such as skin resurfacing, skin rejuvenation, skin tightening, tattoo removal, and hair removal.

Restraints:

High Cost of Laser Systems - Medical laser systems can be expensive to purchase and maintain. This high cost of entry can be a significant barrier for smaller healthcare facilities and clinics.

Safety Concerns - While lasers are generally safe when used by trained professionals, there is always a risk of adverse events or complications, particularly if not used correctly. Safety concerns can limit the adoption of laser-based procedures.

Opportunities:

Advancements in Laser Technology - Ongoing advancements in laser technology have made medical lasers more precise, efficient, and minimally invasive. These developments have offered opportunities for improved patient outcomes and expanded treatment options.

Emerging Markets - Developing countries are investing in healthcare infrastructure and technology, presenting a significant growth opportunity for medical laser manufacturers as they seek to expand their market presence.

Challenges:

Stringent Regulatory Environment - Medical laser devices are subject to strict regulatory approval processes, which can be time-consuming and costly. Compliance with evolving regulatory standards is a constant challenge for manufacturers.

Reimbursement Issues - In some healthcare systems, reimbursement policies for laser-based procedures may need to be revised or clarified, leading to financial challenges for providers and patients.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the most prominent global medical lasers market, with a 45.89% market revenue share in 2022.

North America, particularly the United States and Canada, boasts a highly developed and sophisticated healthcare infrastructure. The presence of world-class hospitals, research institutions, and healthcare facilities has facilitated the adoption and integration of advanced medical technologies, including medical lasers. Furthermore, North America has been a hub for medical research and innovation. The region is home to numerous renowned medical device manufacturers, research universities, and medical technology companies that continuously invest in developing cutting-edge medical laser technologies. The United States, in particular, has a well-established and rigorous regulatory framework for medical devices, including medical lasers. While this can be a challenge, it also instils confidence in the safety and efficacy of these devices, making them attractive to healthcare providers and patients. For several reasons, Europe is expected to achieve lucrative growth during the forecast years. Europe boasts a well-established and advanced healthcare infrastructure, with a high concentration of top-tier medical facilities, research institutions, and hospitals. This infrastructure enables the seamless adoption of advanced medical technologies, including medical lasers.

North America Region Medical Lasers Market Share in 2022 - 45.89%

 

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Type Segment Analysis

The type segment is divided into surgical lasers, dental lasers, aesthetic lasers and others. The surgical lasers segment accounted for the largest market share of around 55.72% in 2022. Surgical lasers are highly versatile and can be used in various medical specialities, including ophthalmology, dermatology, urology, gynaecology, and ENT (ear, nose, and throat). They offer precision and control in various surgical procedures, making them indispensable tools for surgeons. Surgical lasers provide exceptional precision and accuracy, allowing surgeons to target specific tissues and structures with minimal damage to surrounding healthy tissue. This characteristic is especially important in delicate procedures like eye surgery and neurosurgery. Besides, the minimally invasive surgery (MIS) trend has steadily grown. Surgical lasers play a pivotal role in MIS by enabling precise incisions, coagulation, and tissue ablation without traditional open surgery. As a result, it reduces patient trauma, pain, and recovery time. This factor further boosts the segment's growth.

Product Type Segment Analysis

The product type segment includes gas laser systems, dye laser systems, solid-state laser systems and diode laser systems. The solid-state laser systems segment dominated the market, with a share of around 32.71% in 2022. Solid-state lasers offer high precision and versatility in medical applications. They can be used for various procedures, including surgery, ophthalmology, dermatology, dentistry, and lithotripsy, making them indispensable tools for healthcare professionals. These laser systems are available in various wavelengths, allowing healthcare providers to choose the most suitable laser for specific medical conditions and procedures. This flexibility enhances their applicability in different medical specialities. In addition, solid-state lasers are commonly used in minimally invasive surgical procedures, where precision and control are crucial. Their ability to make precise incisions, coagulate tissues, and ablate lesions without causing excessive damage to surrounding tissue aligns with the trend toward less invasive surgeries.

Application Segment Analysis

The application segment is classified into ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular and others. The dermatology segment dominated the market, with a share of around 22.35% in 2022. The dermatology segment is characterized by a high demand for cosmetic and aesthetic procedures, which often utilize medical lasers. Treatments such as skin tightening, skin rejuvenation, tattoo removal, laser hair removal, and scar reduction are in high demand among individuals seeking aesthetic enhancements. Medical lasers in dermatology can address a broad spectrum of skin conditions and concerns, from common problems such as age spots, wrinkles, and acne scars to conditions like birthmarks, vascular lesions, and skin cancers. This versatility makes dermatological lasers indispensable. Furthermore, dermatological lasers offer non-invasive or minimally invasive treatment options, which align with the preferences of both patients and physicians for procedures that involve minor pain, quicker recovery times, and minimal scarring. These factors are driving the segment’s growth.

End-User Segment Analysis

The end-user segment is split into specialized clinics, ambulatory surgical centers, and hospitals. The hospital segment dominated the market, with a share of around 42.08% in 2022. Hospitals typically have well-developed, advanced healthcare infrastructures, including state-of-the-art operating rooms and medical facilities. This infrastructure is conducive to adopting and utilizing medical lasers for various procedures. Additionally, hospitals cover a wide range of medical specialities and departments, from general surgery and dermatology to ophthalmology and urology. Medical lasers find applications in numerous specialities, making them essential tools for comprehensive patient care. Also, hospitals are equipped to handle complex medical cases, including patients with serious medical conditions and diseases that require laser-based treatments. Medical lasers offer effective solutions for addressing these cases. Thus fueling the segment's growth.

Some of the Key Market Players:
  • Alcon
  • Alma Lasers
  • AngioDynamics
  • BIOLASE, Inc.
  • Boston Scientific Corporation
  • Bausch & Lomb Holdings, Inc.
  • Candela Corporation
  • Cynosure
  • CryoLife, Inc.
  • Cutera Inc.
  • Ellex Medical Lasers Ltd.
  • Fujikura Ltd.
  • Iridex Corporation
  • Koninklijke Philips N.V.
  • LASOS Lasertechnik GmbH
  • Lumenis
  • Lumibird Group
  • Modu-Laser
  • Novartis AG
  • PhotoMedex Inc.
  • Reveal Lasers LLC
  • Stryker
  • STRATA Skin Sciences, Inc.
  • Sisram Medical Limited
  • Syneron Medical Ltd.
  • Top Corn Corporation
  • Zeiss Group

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 5.48 Billion
Market size value in 2032 USD 22.34 Billion
CAGR (2023 to 2032) 15.09%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level
Segments Type, Product Type, Application, and End-User

Frequesntly Asked Questions

As per The Brainy Insights, the size of the medical lasers market was valued at USD 5.48 billion in 2022 to USD 22.34 billion by 2032.

The global medical lasers market is growing at a CAGR of 15.09% during the forecast period 2023-2032.

The North American region became the largest market for medical lasers.

Increasing prevalence of chronic diseases and ageing population are influencing the market's growth.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Type
          4.3.2. Market Attractiveness Analysis by Product Type
          4.3.3. Market Attractiveness Analysis by Application
          4.3.4. Market Attractiveness Analysis by End-User
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing Prevalence of Chronic Diseases
          5.2.2. Ageing Population
          5.2.3. Growing Aesthetic Medicine Market
    5.3. Restraints
          5.3.1. High Cost of Laser Systems
          5.3.2. Safety Concerns
    5.4. Opportunities
          5.4.1. Advancements in Laser Technology
          5.4.2. Emerging Markets
    5.5. Challenges
          5.5.1. Stringent Regulatory Environment
          5.5.2. Reimbursement Issues

6. Global Medical Lasers Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Surgical Lasers
    6.3. Dental Lasers
    6.4. Aesthetic Lasers
    6.5. Others

7. Global Medical Lasers Market Analysis and Forecast, By Product Type
    7.1. Segment Overview
    7.2. Solid-state Laser Systems
    7.3. Gas Laser Systems
    7.4. Dye Laser Systems
    7.5. Diode Laser Systems

8. Global Medical Lasers Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Ophthalmology
    8.3. Dermatology
    8.4. Gynecology
    8.5. Dentistry
    8.6. Urology
    8.7. Cardiovascular
    8.8. Others

9. Global Medical Lasers Market Analysis and Forecast, By End-User
    9.1. Segment Overview
    9.2. Specialized Clinics
    9.3. Ambulatory Surgical Centers
    9.4. Hospitals

10. Global Medical Lasers Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Medical Lasers Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Medical Lasers Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Alcon
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Alma Lasers
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. AngioDynamics
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. BIOLASE, Inc.
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Boston Scientific Corporation
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Bausch & Lomb Holdings, Inc.
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Candela Corporation
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Cynosure
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. CryoLife, Inc.
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Cutera Inc.
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. Ellex Medical Lasers Ltd.
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. Fujikura Ltd.
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
    12.13. Iridex Corporation
          12.13.1. Business Overview
          12.13.2. Company Snapshot
          12.13.3. Company Market Share Analysis
          12.13.4. Company Product Portfolio
          12.13.5. Recent Developments
          12.13.6. SWOT Analysis
    12.14. Koninklijke Philips N.V.
          12.14.1. Business Overview
          12.14.2. Company Snapshot
          12.14.3. Company Market Share Analysis
          12.14.4. Company Product Portfolio
          12.14.5. Recent Developments
          12.14.6. SWOT Analysis
    12.15. LASOS Lasertechnik GmbH
          12.15.1. Business Overview
          12.15.2. Company Snapshot
          12.15.3. Company Market Share Analysis
          12.15.4. Company Product Portfolio
          12.15.5. Recent Developments
          12.15.6. SWOT Analysis
    12.16. Lumenis
          12.16.1. Business Overview
          12.16.2. Company Snapshot
          12.16.3. Company Market Share Analysis
          12.16.4. Company Product Portfolio
          12.16.5. Recent Developments
          12.16.6. SWOT Analysis
    12.17. Lumibird Group
          12.17.1. Business Overview
          12.17.2. Company Snapshot
          12.17.3. Company Market Share Analysis
          12.17.4. Company Product Portfolio
          12.17.5. Recent Developments
          12.17.6. SWOT Analysis
    12.18. Modu-Laser
          12.18.1. Business Overview
          12.18.2. Company Snapshot
          12.18.3. Company Market Share Analysis
          12.18.4. Company Product Portfolio
          12.18.5. Recent Developments
          12.18.6. SWOT Analysis
    12.19. Novartis AG
          12.19.1. Business Overview
          12.19.2. Company Snapshot
          12.19.3. Company Market Share Analysis
          12.19.4. Company Product Portfolio
          12.19.5. Recent Developments
          12.19.6. SWOT Analysis
    12.20. PhotoMedex Inc.
          12.20.1. Business Overview
          12.20.2. Company Snapshot
          12.20.3. Company Market Share Analysis
          12.20.4. Company Product Portfolio
          12.20.5. Recent Developments
          12.20.6. SWOT Analysis
    12.21. Reveal Lasers LLC
          12.21.1. Business Overview
          12.21.2. Company Snapshot
          12.21.3. Company Market Share Analysis
          12.21.4. Company Product Portfolio
          12.21.5. Recent Developments
          12.21.6. SWOT Analysis
    12.22. Stryker
          12.22.1. Business Overview
          12.22.2. Company Snapshot
          12.22.3. Company Market Share Analysis
          12.22.4. Company Product Portfolio
          12.22.5. Recent Developments
          12.22.6. SWOT Analysis
    12.23. STRATA Skin Sciences, Inc.
          12.23.1. Business Overview
          12.23.2. Company Snapshot
          12.23.3. Company Market Share Analysis
          12.23.4. Company Product Portfolio
          12.23.5. Recent Developments
          12.23.6. SWOT Analysis
    12.24. Sisram Medical Limited
          12.24.1. Business Overview
          12.24.2. Company Snapshot
          12.24.3. Company Market Share Analysis
          12.24.4. Company Product Portfolio
          12.24.5. Recent Developments
          12.24.6. SWOT Analysis
    12.25. Syneron Medical Ltd.
          12.25.1. Business Overview
          12.25.2. Company Snapshot
          12.25.3. Company Market Share Analysis
          12.25.4. Company Product Portfolio
          12.25.5. Recent Developments
          12.25.6. SWOT Analysis
    12.26. Top Corn Corporation
          12.26.1. Business Overview
          12.26.2. Company Snapshot
          12.26.3. Company Market Share Analysis
          12.26.4. Company Product Portfolio
          12.26.5. Recent Developments
          12.26.6. SWOT Analysis
    12.27. Zeiss Group
          12.27.1. Business Overview
          12.27.2. Company Snapshot
          12.27.3. Company Market Share Analysis
          12.27.4. Company Product Portfolio
          12.27.5. Recent Developments
          12.27.6. SWOT Analysis

List of Table

1. Global Medical Lasers Market, By Type, 2019-2032 (USD Billion)

2. Global Surgical Lasers, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

3. Global Dental Lasers, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

4. Global Aesthetic Lasers, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

5. Global Others, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

6. Global Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

7. Global Solid-state Laser Systems, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

8. Global Gas Laser Systems, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

9. Global Dye Laser Systems, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

10. Global Diode Laser Systems, Medical Lasers Market, By Region, 2019-2032 (USD Billion)

11. Global Medical Lasers Market, By Application, 2019-2032 (USD Billion)

12. Global Ophthalmology Medical Lasers Market, By Region, 2019-2032 (USD Billion)

13. Global Dermatology Medical Lasers Market, By Region, 2019-2032 (USD Billion)

14. Global Gynecology Medical Lasers Market, By Region, 2019-2032 (USD Billion)

15. Global Dentistry Medical Lasers Market, By Region, 2019-2032 (USD Billion)

16. Global Urology Medical Lasers Market, By Region, 2019-2032 (USD Billion)

17. Global Cardiovascular Medical Lasers Market, By Region, 2019-2032 (USD Billion)

18. Global Others Medical Lasers Market, By Region, 2019-2032 (USD Billion)

19. Global Medical Lasers Market, By Application, 2019-2032 (USD Billion)

20. Global Specialized Clinics Medical Lasers Market, By Region, 2019-2032 (USD Billion)

21. Global Ambulatory Surgical Centers Medical Lasers Market, By Region, 2019-2032 (USD Billion)

22. Global Hospitals Medical Lasers Market, By Region, 2019-2032 (USD Billion)

23. Global Medical Lasers Market, By Region, 2019-2032 (USD Billion)

24. North America Medical Lasers Market, By Type, 2019-2032 (USD Billion)

25. North America Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

26. North America Medical Lasers Market, By Application, 2019-2032 (USD Billion)

27. North America Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

28. U.S. Medical Lasers Market, By Type, 2019-2032 (USD Billion)

29. U.S. Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

30. U.S. Medical Lasers Market, By Application, 2019-2032 (USD Billion)

31. U.S. Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

32. Canada Medical Lasers Market, By Type, 2019-2032 (USD Billion)

33. Canada Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

34. Canada Medical Lasers Market, By Application, 2019-2032 (USD Billion)

35. Canada Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

36. Mexico Medical Lasers Market, By Type, 2019-2032 (USD Billion)

37. Mexico Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

38. Mexico Medical Lasers Market, By Application, 2019-2032 (USD Billion)

39. Mexico Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

40. Europe Medical Lasers Market, By Type, 2019-2032 (USD Billion)

41. Europe Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

42. Europe Medical Lasers Market, By Application, 2019-2032 (USD Billion)

43. Europe Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

44. Germany Medical Lasers Market, By Type, 2019-2032 (USD Billion)

45. Germany Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

46. Germany Medical Lasers Market, By Application, 2019-2032 (USD Billion)

47. Germany Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

48. France Medical Lasers Market, By Type, 2019-2032 (USD Billion)

49. France Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

50. France Medical Lasers Market, By Application, 2019-2032 (USD Billion)

51. France Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

52. U.K. Medical Lasers Market, By Type, 2019-2032 (USD Billion)

53. U.K. Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

54. U.K. Medical Lasers Market, By Application, 2019-2032 (USD Billion)

55. U.K. Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

56. Italy Medical Lasers Market, By Type, 2019-2032 (USD Billion)

57. Italy Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

58. Italy Medical Lasers Market, By Application, 2019-2032 (USD Billion)

59. Italy Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

60. Spain Medical Lasers Market, By Type, 2019-2032 (USD Billion)

61. Spain Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

62. Spain Medical Lasers Market, By Application, 2019-2032 (USD Billion)

63. Spain Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

64. Asia Pacific Medical Lasers Market, By Type, 2019-2032 (USD Billion)

65. Asia Pacific Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

66. Asia Pacific Medical Lasers Market, By Application, 2019-2032 (USD Billion)

67. Asia Pacific Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

68. Japan Medical Lasers Market, By Type, 2019-2032 (USD Billion)

69. Japan Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

70. Japan Medical Lasers Market, By Application, 2019-2032 (USD Billion)

71. Japan Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

72. China Medical Lasers Market, By Type, 2019-2032 (USD Billion)

73. China Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

74. China Medical Lasers Market, By Application, 2019-2032 (USD Billion)

75. China Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

76. India Medical Lasers Market, By Type, 2019-2032 (USD Billion)

77. India Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

78. India Medical Lasers Market, By Application, 2019-2032 (USD Billion)

79. India Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

80. South America Medical Lasers Market, By Type, 2019-2032 (USD Billion)

81. South America Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

82. South America Medical Lasers Market, By Application, 2019-2032 (USD Billion)

83. South America Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

84. Brazil Medical Lasers Market, By Type, 2019-2032 (USD Billion)

85. Brazil Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

86. Brazil Medical Lasers Market, By Application, 2019-2032 (USD Billion)

87. Brazil Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

88. Middle East and Africa Medical Lasers Market, By Type, 2019-2032 (USD Billion)

89. Middle East and Africa Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

90. Middle East and Africa Medical Lasers Market, By Application, 2019-2032 (USD Billion)

91. Middle East and Africa Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

92. UAE Medical Lasers Market, By Type, 2019-2032 (USD Billion)

93. UAE Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

94. UAE Medical Lasers Market, By Application, 2019-2032 (USD Billion)

95. UAE Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

96. South Africa Medical Lasers Market, By Type, 2019-2032 (USD Billion)

97. South Africa Medical Lasers Market, By Product Type, 2019-2032 (USD Billion)

98. South Africa Medical Lasers Market, By Application, 2019-2032 (USD Billion)

99. South Africa Medical Lasers Market, By End-User, 2019-2032 (USD Billion)

List of Figures 

1. Global Medical Lasers Market Segmentation

2. Medical Lasers Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Medical Lasers Market Attractiveness Analysis by Type

9. Global Medical Lasers Market Attractiveness Analysis by Product Type

10. Global Medical Lasers Market Attractiveness Analysis by Application

11. Global Medical Lasers Market Attractiveness Analysis by End-User

12. Global Medical Lasers Market Attractiveness Analysis by Region

13. Global Medical Lasers Market: Dynamics

14. Global Medical Lasers Market Share by Type (2023 & 2032)

15. Global Medical Lasers Market Share by Product Type (2023 & 2032)

16. Global Medical Lasers Market Share by Application (2023 & 2032)

17. Global Medical Lasers Market Share by End-User (2023 & 2032)

18. Global Medical Lasers Market Share by Regions (2023 & 2032)

19. Global Medical Lasers Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global Medical Lasers market based on below-mentioned segments:

Global Medical Lasers Market by Type:

  • Surgical Lasers 
  • Dental Lasers
  • Aesthetic Lasers
  • Others

Global Medical Lasers Market by Product Type:

  • Solid-state Laser Systems
  • Gas Laser Systems
  • Dye Laser Systems
  • Diode Laser Systems

Global Medical Lasers Market by Application:

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

Global Medical Lasers Market by End-User:

  • Specialized Clinics
  • Ambulatory Surgical Centers
  • Hospitals

Global Medical Lasers Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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