Medical Laser Systems Market is Projected to Expand at a CAGR of12.50% from 2012 to 2018
Posted: Oct 06, 2018
Driven by a rapid increase in age-related ophthalmic disorders, rise in disposable income in emerging economies, and growing awareness regarding medical aesthetics, the global medical laser systems market is projected to register a 12.50% CAGR from 2012 to 2018, according to Transparency Market Research. The report studying the global market for medical laser systems is titled "Medical Laser Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," and indicates that the market will grow from a value of US$0.9 bn in 2011 to US$2 Bn by 2018.
Browse the full Medical Laser Systems Market (CO2 Laser, Excimer Laser, Ho:Yag Laser, Nd:Yag Laser, Dye Laser, Solid State Laser and Gas Laser, Ophthalmology, Dermatology, Urology and Cardiovascular) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
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By product, the medical laser systems market is categorized into solid state laser systems, dye laser systems, diode laser systems, and gas laser systems. Among these, diode laser systems held the largest share of the overall medical laser systems market in 2011. The solid state laser systems segment is further segmented into several sub-categories, among which, neodymium yttrium aluminum garnet lasers dominated the scene in 2011, and holmium yttrium aluminum garnet lasers are projected to develop at the fastest CAGR of 16.0% from 2012 to 2018.
Based on application, the market for medical laser systems is fragmented into ophthalmology, urology, cardiovascular, dermatology, gynecology, dentistry, and others such as rheumatology, gastroenterology, and traumatology. The cardiovascular segment is anticipated to emerge as the most rapidly developing application category by 2018, propelled mainly by the development of cost-effective treatment methods and increasing prevalence of cardiovascular diseases.
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The market for medical laser systems is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. Presently, North America dominates the medical laser systems market and in 2011, the region accounted for a share of more than 35.0% of the global market. The North America medical laser systems market is driven by the rising prevalence of chronic disorders such as obesity and diabetes. While Europe formed the second largest market, the Asia Pacific region holds the maximum opportunities for future growth. Rise in disposable income, combined with the high level of unmet medical needs in countries such as India and China, is anticipated to fuel the medical laser systems market by 2018.
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The report identifies the leading players operating in the global medical laser systems market and evaluates each on the basis of parameters such as company overview, product portfolio, financial standing, business strategies, and recent developments. Angiodynamics, Inc., Syneron-Candela, American Medical Systems, Inc., Biolase Inc., Alcon Laboratories, Inc., Photomedex, Inc., Lumenis Ltd., Bausch & Lomb Holdings, Inc., Cardiogenesis Corporation, IRIDEX Corp., Spectranetics Corporation, and Novadaq Technologies, Inc. are the prominent players profiled in the medical laser systems market report.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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