Global Industry Analysis on Medical Laser Technology Market, 2015 to 2021

Keywords:surgical fibers, medical fibers,  Time:22-04-2016

Medical laser technology generates a specific wavelength and strong beam of light. It is used in

applications such as cosmetic, diagnostic, surgical, and therapeutic. Besides, the technology is used in

various areas such as ophthalmology, dermatology, urology, and cardiovascular diseases. Increasing eye

related diseases and rising aging population are some of the major factors driving the growth of the global

medical laser technology market.

Medical laser system exists in several forms and its major types include diode laser system, solid state

laser system, dye laser system, and gas laser system. Diode laser systems are used in numerous aesthetic

treatments. Solid state laser systems are used in tattoo removal, dentistry, treatment of vein related

diseases, and skin treatment. Dye laser systems are used to treat vascular lesions such as red spots and

marks on skin. The gas laser system includes the argon gas laser, which is used in the treatment of ulcers,

lesions, and polyps. Meanwhile, the carbon dioxide laser is used to treat certain skin conditions such as

hirsuties papillaris genitalis.

The global medical laser technology market is categorized based on product types, diseases, and

applications. Based on product types, the report covers solid state laser systems, diode laser systems, dye

laser systems, and gas laser systems. Based on diseases, the market covers areas such as ophthalmology,

dermatology, gynecology, dentistry, urology, cardiovascular, and others. Based on the application, the

market covers cosmetic, diagnostic, surgical, and therapeutic applications.

North America occupies the largest market for medical laser technology, followed by Europe. This is due to

the advancements in medical laser technologies, rising elderly population, increasing prevalence of eye

diseases, rise in incidences of chronic diseases, and improved health care infrastructure in the region. The

medical laser technology market in Asia is also expected to experience high growth rate in the next few

years. This is due to the increasing aging population, rising awareness about therapeutic applications of

medical lasers in various chronic diseases, increasing disposable income, developing health care

infrastructure, increasing prevalence of eye diseases, and growing demand for laser treatment in the region.

In addition, rising demographics and economies in developing countries, such as India and China, is expected

to lead to the growth in the medical laser technology market in Asia.

Increasing prevalence of eye disorders and growing aging population are some of the major driving factors

for the global medical laser technology market. Moreover, advancement in medical laser technologies,

increasing number of patients using advanced laser-based treatments, rising awareness about the use of laser

treatment in various diseases such as skin diseases, eye diseases, diabetes, and cancer; and the

availability of cost-effective laser based medical treatment are also supporting the growth of the global

medical laser technology market. However, strict laser protection rules inhibit the growth of this market.

Increasing number of mergers and acquisitions and rapid product launches are some of the latest trends that

have been observed in the global medical laser technology market. Some of the major companies operating in

the global medical laser technology market are Lumenis Ltd., PhotoMedex Inc., Spectranetics Corporation,

BIOLASE, Inc., Iridex Corporation, Novadaq Technologies Inc., AngioDynamics Corp., Syneron Medical Ltd,

IRIDEX Corporation, Alcon Laboratories, Inc., Cardiogenesis Corporation, American Medical Systems, Inc., and

Bausch & Lomb Holdings, Inc.