According to our latest study, titled "Medical Lasers Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Application, and End User," the market size is expected to grow from US$ 2,398.60 million in 2021 to US$ 5,834.02 million by 2028. It is estimated to grow at a CAGR of 13.5% from 2021 to 2028. The report highlights the key factors driving the medical lasers systems market and prominent players' developments.
The medical lasers systems market's growth is attributed to the increasing prevalence of eye disorders and the significant rise in the elderly population. However, stringent safety regulations are hampering the market.
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Based on product type, the medical lasers systems market is segmented into diode lasers, solid-state lasers [holmium yttrium aluminum garnet (Ho: YAG) lasers, erbium yttrium aluminum garnet (Er:YAG) lasers, neodynium yttrium aluminum garnet (Nd: YAG) lasers, potassium titanyl phosphate (KTP), alexandrite lasers, ruby lasers, and thulium yttrium aluminum garnet (Tm:YAG) lasers], gas laser [CO2 laser, argon laser, krypton laser, metal vapor (Au and Cu) laser, helium-neon laser, and excimer laser], dye lasers, and fiber laser (thulium fiber laser, erbium fiber laser, and ytterbium fiber laser).
The solid-state lasers segment is anticipated to account for the largest market share from 2021 to 2028. Solid-state lasers have gained attention in the global medical lasers systems market due to their significant improvement in the performance of such specialized lasers. This is evaluated as output power levels, wall-plug efficiency, reliability, and range of available wavelengths from the pump diodes and diode arrays. Also, modular and multiwavelength solid-state lasers provide therapeutic radiation proving effective for laser-lithotripsy, laser-angioplasty, neurosurgery, general surgery, and dentistry. Furthermore, solid-state lasers have had successful medical applications for many years due to their quick use and low absorption power in the water, which penetrates deeply into the skin and is mostly used in dermatology for hair removal and tissue rejuvenation.
Lumenis Be Ltd.; Ellex; Koninklijke Philips N.V.; BIOLASE, Inc.; Boston Scientific Corporation; Bausch Health Companies Inc.; Alcon Inc.; Iridex Corporation; Candela Medical; and Artivion, Inc. are the leading companies operating in the global medical lasers systems market.
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