Rising prevalence of eye-related disorders, rising number of patients using advanced laser-based treatments, and the increasing importance of aesthetics are key factors contributing to high CAGR during the forecast period.
Market Size – USD 1709.6 Million in 2018, Market Growth - CAGR of 12.2%, Market Trends – Development of technologically advanced systems
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Increasing incidences of chronic and skin diseases and the growing aging population are other major factors contributing to the growth of this industry. Globally, the geriatric population plays a major role in the growth of the market. In old age, loss of fibrous tissue and reduced vascular and glandular network in the layers of skin takes place. The appearance and characteristics of skin alters and leads to wrinkles, dryness, pigmentary alteration, and sagging of the skin. According to the UN-DESA, the population of individuals above 60 years of age in the U.S. will be 107 Million and that in China would be 437 million. The growing geriatric population worldwide is leading to the increasing adoption of these devices; thus, supporting the growth of the overall industry.
Companies considered and profiled in this market study
Alcon Laboratories, AngioDynamics, American Medical Systems, Biolase, Bausch & Lomb Holdings, Cardiogenesis Corporation, Lumenis, IRIDEX, Novadaq Technologies, and Photomedex,
Type (Revenue, USD Million; 2016–2026)
Solid state laser systems
Holmium Yttrium Aluminum Garnet Laser Systems
Erbium Yttrium Aluminum Garnet Laser Systems
Neodymium Yttrium Aluminum Garnet Laser Systems
Potassium Titanyl Phosphate Laser Systems
Alexandrite Laser Systems
Ruby Laser Systems
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Application (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Scope of the Report:
To help gain the business owner further gain business intelligence the study on the Medical Laser Systems market for the forecast period 2019 – 2026 brings to light data on production capability, consumption capacity, spending power, investment feasibility, and technology innovation. A thorough assessment of market performance across different regions is presented through self-explanatory graphic images, charts, and tables that add weight to corporate presentations and marketing materials. The study offers regional profiles of major vendors and extensive country-level break down to empower companies to make a wise investment decision when exploring new regions.
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