Medical Laser

Medical Laser

Medical Lasers are medical devices, which focus light precisely on the required area to treat or remove tissues. The term ‘laser’ stands for light amplification by Stimulated Emission of Radiation. Ordinary light like that from a light bulb has many wavelengths and spreads in all directions. Laser lights on the other hand have a specific wavelength. It is focused on a narrow beam and creates a very high-intensity light. Since lasers can focus very accurately on tiny areas, are used for very precise surgical work or for cutting through tiny tissue sections (in place of a scalpel). Lasers are used in all kinds of surgical procedures, from cosmetic surgery (to remove tattoos, scars, stretch marks, wrinkles, sunspots, spider veins, hair, etc.), refractive eye surgery, dental procedures, and general surgery (for treatments of cataract, breast, tumor, plastic surgery, and other such procedures). When used properly, lasers allow surgeons to accomplish more tasks that are complex, reduce blood loss, decrease postoperative discomfort, reduce the chance of wound infection, and achieve better wound healing. As with any type of surgery, laser surgery has potential risks. Risks of laser surgery include incomplete treatment of the problem, pain, infection, bleeding, scarring, and other skin color changes.

The Medical Laser Market is expected to grow at a skyrocketing rate of around 13% during the forecast period (2023-2030). Factors such as mechanical advancements lead to additional exact and powerful clinical lasers extending their applications in different operations and alongside that more appeal of laser medical procedures in advanced age populaces. Different variables are developing an interest in the customization and personalization of laser therapy, individual mindfulness, and interest in clinical laser medical procedures.

• Based on type, the medical laser market is segmented into surgical, dental, aesthetic, and others. The surgical laser is also expected to grow at a higher during the forecast. This is mainly due to the rising interest in harmless and negligibly obtrusive surgeries, the maturing populace, the pervasiveness of persistent sicknesses, and progressions in laser innovation. Moreover, the developing number of clinical offices and specialists utilizing lasers, as well as unofficial laws and approaches that help the utilization of careful lasers, are further expected to drive the market.
• Based on product, the medical laser market is segmented into solid state laser systems, gas laser systems, dye laser systems, and diode laser systems. Amongst product, the diode laser systems segment is expected to grow with a robust CAGR during the forecast period. Diode lasers are compact, portable, and cost-effective, making them ideal for use in a variety of medical applications. Used in a range of procedures, including surgery, dermatology, and urology, and are particularly useful for minimally invasive procedures. Diode lasers are also highly precise, allowing for precise tissue removal and minimizing the risk of collateral damage. Making it ideal for use in delicate procedures, such as eye surgery and neurosurgery. Additionally, diode lasers are highly versatile, allowing for a wide range of wavelengths to be used for different applications. Making it a popular choice for medical professionals, also used for a variety of procedures with a single device.
• Based on application, the medical laser market is segmented into ophthalmology, dermatology, gynecology, dentistry, and others. Dermatology is expected to hold a major share in 2022. Dermatology is the study and treatment of the skin, and laser technology is increasingly being used in this field due to its ability to effectively treat a variety of skin conditions. Lasers can be used to remove unwanted hair, treat acne, and improve the appearance of wrinkles and fine lines. Also used to treat more serious conditions, such as skin cancer and age spots. The use of lasers in dermatology is particularly appealing to patients, as it is a non-invasive, painless, and quick procedure with minimal downtime. This makes it an attractive option for patients looking to improve the appearance of their skin. Additionally, the use of lasers in dermatology is highly precise, allowing for targeted treatment of specific areas of the skin.
• Based on end-user, the instrument transformer market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and others. Amongst end-user, specialty clinics will have significant growth over the forecasted period. Specialty clinics are medical facilities that specialize in the treatment of specific medical conditions. These clinics often have a team of highly specialized medical professionals who are trained in the use of laser technology. It is ideal for the use of medical lasers, as the expertise and experience to effectively use these devices for a variety of medical applications. Specialty clinics are particularly popular among patients looking for specialized treatment for specific medical conditions. Making it a popular choice for medical professionals, providing highly specialized treatment to patients with specific medical needs. Additionally, specialty clinics often have the resources and equipment to invest in the latest laser technology, allowing them to offer the most advanced and effective treatments to their patients.
• For a better understanding of the market adoption of the medical laser Industry, the market is analyzed based on its presence in regions such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. North America is expected to grow with a considerable CAGR during the forecast period. This is mainly owing to the high preference for cosmetic surgeries and the huge demand for medical technologies. Additionally, the rise in the prevalence of ophthalmology, cardiovascular diseases, cancer, orthopedic ailments, and dental diseases is further expected to drive the growth of the market. The developing business sector for clinical lasers in North America is being driven by the rising interest in harmless and negligibly obtrusive operations, the maturing populace, the predominance of persistent sicknesses, and headways in laser innovation. These variables are establishing a great climate for the proceeded with development of the clinical laser market in the district.
• Some of the major players operating in the market include Bausch Health Companies Inc., Biolase Inc., Boston Scientific Corporation, Cryolife Inc., Ellex Medical Lasers Limited, Iridex Corporation, Koninklijke Philips N.V., Lumenis Ltd., Novartis Ag, and Syneron Medical Ltd. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.