Medical Lasers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Medical Lasers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Medical Lasers Market

The medical lasers market size was valued at USD 5.57 billion in 2023, and the market is now projected to grow from USD 6.17 billion in 2024 to USD 17.95 billion by 2032, exhibiting a CAGR of 14.3% during the forecast period of 2024-2032.

The pandemic of COVID-19 had an extremely drastic effect on the market. It was truly an horrifying period for the population worldwide. Around the world lockdowns implemented during the pandemic have somewhat decreased the market for medical lasers. Patient volume for laser surgery decreased significantly in both hospitals and other specialist clinics. The pandemic overall affected the medical lasers market growth.

There are a few factors that are responsible for the growth of the medical lasers market share are namely growing number of eye problems, rising frequency of surgical treatment related to cosmetics, incidence of glaucoma, macular edema, congenital heart defects and other such illnesses

Throughout the projected time, it is expected that the market would develop at a faster rate due to the adoption of minimally invasive anti-aging, skin lightening, and pigmentation removal treatment options.

Comprehensive Analysis of Medical Lasers Market

The medical lasers market is divided into surgical, dental, and aesthetic lasers, among other categories, based on type. Market share was led by the surgical lasers category. Hospitals and specialty clinics make up the two medical lasers market segments based on the end user. The category with the largest share of these was specialist clinics.

North America was accounted for leading the medical lasers market in terms of revenue and is expected to maintain this position during the forecast period. The main causes of this region's superiority include the United States high acceptance rate of new technology, increased desire for minimal invasive medical operations, and strong preference for cosmetic procedures.

El.En. S.p.A. (Italy), Lumenis Ltd. (U.S.), BIOLASE, Inc. (U.S.), Lumibird Medical (France), and Candela Corporation (U.S.) are the top three competitors in this semi-consolidated market, each holding a sizeable market share. The market leadership of these companies can be attributed to their robust laser product line and well-established brand recognition.

In June 2023, In an effort to increase the penetration of its services inside the nation's veterinary market, BIOLASE, Inc. teamed with Pet Dental Services (PDS).

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 14.3% from 2024-2032

Unit Value (USD billion)

Segmentation By Type

- Surgical Lasers

- Dental Lasers

- Aesthetic Lasers

- Others

By Product

- Laser Systems

- Consumables

By End User

- Hospitals

- Specialty Clinics

By Geography

- North America (By Type, By Product, By End User, and By Country)

- U.S. (By Type)

- Canada (By Type)

- Europe (By Type, By Product, By End User, and By Country/Sub-region)

- U.K. (By Type)

- Germany (By Type)

- France (By Type)

- Italy (By Type)

- Spain (By Type)

- Rest of Europe (By Type)

- Asia Pacific (By Type, By Product, By End User, and By Country/Sub-region)

- China (By Type)

- Japan (By Type)

- India (By Type)

- Australia (By Type)

- Southeast Asia (By Type)

- Rest of Asia Pacific (By Type)

- Latin America (By Type, By Product, By End User, and By Country/Sub-region)

- Brazil (By Type)

- Mexico (By Type)

- Rest of Latin America (By Type)

- Middle East & Africa (By Type, By Product, By End User, and By Country/Sub-region)

- GCC (By Type)

- South Africa (By Type)

- Rest of Middle East & Africa ( By Type)