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Medical Lasers Global Market Report 2021: COVID 19 Growth And Change to 2030

Medical Lasers Global Market Report 2021: COVID 19 Growth And Change to 2030

  • Publish Date:May 2021

  • Number of Pages:175

  • Report ID:6071103

  • Format:PDF

  • Publisher:The Business Research Company

$ 5000

Summary

Major players in the medical lasers market are El.En. S.p.A., Ellex Medical Lasers Ltd, Lumenis, Alcon Laboratories Inc., AngioDynamics Corp., American Medical Systems Inc., Biolase Inc, Bausch & Lomb Holdings, Cardiogenesis Corporation Inc, and Boston Scientific.

The global medical lasers market is expected to grow from $4.993 billion in 2020 to $5.546 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.645 billion in 2025 at a CAGR of 12%.

The medical lasers market consists of sales of medical lasers and related services by entities (organizations, sole traders, and partnerships) that manufacture medical lasers.Medical lasers are devices that treat or remove tissues using precisely focused light sources.

Medical lasers find their applications in several surgical procedures including eye surgery, cosmetic surgery, dental procedures, and other general procedures.

Major players operating in the market are focusing on developing new innovative products with advanced techniques in order to serve the healthcare professionals and their patients better. For instance, in April 2019, Lumenis Ltd., an energy-based medical device company based in Israel, introduced Legend Pro+, a new skin rejuvenating technology and a unique multi-application platform powered by clinically proven and complementary technologies. Similarly, in July 2019, Ra Medical Systems, a USA-based medical laser company, announced the launch of Pharos, a new dermatology excimer laser for the treatment of psoriasis, atopic dermatitis, and vitiligo. Pharos offers better comfort and visibility of the treatment site and is designed to improve physician and patient experience.

The medical lasers market covered in this report is segmented by product type into solid state laser systems; gas laser systems; dye laser systems; diode laser systems, and by application into surgical; cosmetic; dental.

In December 2019, Lumibird Group (Quantel Medical), a France-based company that specializes in medical lasers, announced the acquisition of Ellex’s laser and ultrasound business for $69 million.The acquisition is expected to expand Lumibird Group’s product portfolio with Ellex’s laser and ultrasound technologies for the diagnosis and treatment of ocular diseases.

Both companies focus on strengthening the portfolio for diagnostic devices including ultrasound and laser products. Ellex is an Australia-based company engaged in manufacturing ophthalmic lasers and ultrasound systems.

The increased demand for minimally invasive procedures contributed to the medical lasers market’s growth during the period.The surge in aesthetic and cosmetic procedures propelled the demand for minimally invasive surgeries worldwide.

According to the International Society of Aesthetic Plastic Surgery’s survey on aesthetic and cosmetic procedures performed in 2018, there were 10,607,227 aesthetic and cosmetic surgical procedures performed across the globe in 2018.Moreover, according to the American Society of Plastic Surgeons (ASPS), in 2018, approximately 18 million individuals underwent surgical and minimally invasive cosmetic procedures in the USA.

Thus, the high usage of medical lasers to perform minimally invasive aesthetic and cosmetic surgeries increases the demand for medical lasers.

The high cost of surgeries limits the growth of the medical lasers market.The high cost of treatments involving medical lasers limited the adoption and demand for lasers used to perform minimally invasive surgeries.

For instance, the average cost of LASIK surgery performed in the USA was $2,246 per eye in 2019, higher than the cost of surgery in 2018, which was $2,199 in 2018. Therefore, the high and increasing cost of surgeries is likely to act as a restraint to the growth of the medical lasers market.

Table of contents


1. Executive Summary

2. Medical Lasers Market Characteristics

3. Medical Lasers Market Trends And Strategies

4. Impact Of COVID-19 On Medical Lasers

5. Medical Lasers Market Size And Growth
5.1. Global Medical Lasers Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Medical Lasers Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Medical Lasers Market Segmentation
6.1. Global Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Solid State Laser Systems
Gas Laser Systems
Dye Laser Systems
Diode Laser Systems
6.2. Global Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Surgical 
Cosmetic 
Dental
6.3. Global Medical Lasers Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Ophthalmology
Dermatology
Gynecology
Dentistry
Urology
Cardiovascular
Other

7. Medical Lasers Market Regional And Country Analysis
7.1. Global Medical Lasers Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Medical Lasers Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Medical Lasers Market
8.1. Asia-Pacific Medical Lasers Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Medical Lasers Market
9.1. China Medical Lasers Market Overview
9.2. China Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Medical Lasers Market
10.1. India Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Medical Lasers Market
11.1. Japan Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Medical Lasers Market
12.1. Australia Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Medical Lasers Market
13.1. Indonesia Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Medical Lasers Market
14.1. South Korea Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Medical Lasers Market
15.1. Western Europe Medical Lasers Market Overview
15.2. Western Europe Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Medical Lasers Market
16.1. UK Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Medical Lasers Market
17.1. Germany Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Medical Lasers Market
18.4. France Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Medical Lasers Market
19.1. Eastern Europe Medical Lasers Market Overview
19.2. Eastern Europe Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Medical Lasers Market
20.1. Russia Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Medical Lasers Market
21.1. North America Medical Lasers Market Overview
21.2. North America Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Medical Lasers Market
22.1. USA Medical Lasers Market Overview
22.2. USA Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Medical Lasers Market
23.1. South America Medical Lasers Market Overview
23.2. South America Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Medical Lasers Market
24.1. Brazil Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Medical Lasers Market
25.1. Middle East Medical Lasers Market Overview
25.2. Middle East Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Medical Lasers Market
26.1. Africa Medical Lasers Market Overview
26.2. Africa Medical Lasers Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Medical Lasers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Medical Lasers Market Competitive Landscape And Company Profiles
27.1. Medical Lasers Market Competitive Landscape
27.2. Medical Lasers Market Company Profiles
27.2.1. El.En. S.p.A.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Ellex Medical Lasers Ltd
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Lumenis
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Alcon Laboratories Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. AngioDynamics Corp.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Medical Lasers Market

29. Medical Lasers Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.5. Copyright And Disclaimer

Companies Mentioned
El.En. S.p.A.
Ellex Medical Lasers Ltd
Lumenis
Alcon Laboratories Inc.
AngioDynamics Corp.
American Medical Systems Inc.
Biolase Inc
Bausch & Lomb Holdings
Cardiogenesis Corporation Inc
Boston Scientific
IRIDEX Corp.
Novadaq Technologies Inc.
Photomedex Inc.
Spectranetics Corporation
Syneron Candela
Cryolife
Novartis
Topcon Corporation
Fotona
Sisram Medical Ltd

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.