MarkNtel Advisors recently published a detailed industry analysis of the Medical Lasers Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Medical Lasers Market (2024-2030)
The Global Medical Lasers Market size was valued at around USD 4.98 billion in 2023 . Along with this, the market is estimated to grow at a CAGR of around 9.61% during the forecast period, i.e., 2024-30.
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What is driving the Medical Lasers Market?
Increasing Prevalence of Ophthalmological Diseases – Worldwide, there has been a surge in the number of eye-related diseases such as cataracts & glaucoma. As a result, the need for laser eye surgeries or vision surgeries to treat eye diseases, prevent further loss of sight, and restore vision has increased. This has successfully augmented the demand for medical lasers, thereby positively impacting the overall market growth & expansion.
The number of old age people is increasing globally as evidenced by the World Bank data which stated 805,167,113 people were aged 65 and above in 2023, up from 737,239,689 in 2020. This rise in aged individuals has further propelled the market growth of medical lasers. This is because with increasing age the risk for some eye diseases like cataracts, AMD, etc. increases, and those aged individuals require laser surgeries to be able to see again clearly. The fact mentioned by the National Eye Institute also highlights that people aged 55 and older are most likely to have AMD. Hence, considering the aforementioned factors, the Global Medical Lasers Market has been witnessing tremendous growth and is anticipated to have positive revenue growth in the coming years as well.
What segments define the Medical Lasers Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Technology
(Solid-State Laser Systems, (ER: YAG Laser Systems, ND: YAG Laser Systems, HO: YAG Laser Systems, Alexandrite Laser Systems, Others), Gas Laser Systems, (CO2 Laser Systems, Argon Laser Systems, Krypton Laser Systems, Excimer Laser Systems, Others), Pulsed Dye Laser Systems, Diode Laser Systems, Others)),
By Application
(Aesthetics/Cosmetics Applications, (Hair Removal, Tattoo Removal, Acne and Scan Removal, Others), Dermatology Applications, Dental Applications, Urology Applications, Ophthalmology Applications, OB/GYN Applications, Oncology Applications, Cardiovascular Applications, Others),
By End-User
(Hospitals and Surgical Centers, Dermatology and Dental Clinics, Medical & Beauty Spas, Home-use and Self-care, Others)
By Region
(North America, Europe, Asia-Pacific, South America, Middle East & Africa)
Explore the Complete Medical Lasers Market Analysis Report – https://www.marknteladvisors.com/research-library/medical-lasers-market.html
Who are the leading key players shaping the Medical Lasers Market landscape?
Boston Scientific Corporation, Johnson & Johnson Vision Care, Inc., Alcon Inc., Carl Zeiss Meditec Ag, Candela Corporation, Lumenis Be Ltd., Cutera, Inc., Bausch Health Companies Inc., El.En. S.P.A., Alma Lasers, Fotona, Ipg Photonics Corporation, Bison Medical, AMD Lasers, and others
Questions Addressed in this Study
1.What factors are driving the Medical Lasers Market growth?
2.How is the Medical Lasers Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Medical Lasers Market?
4.What is the current size of the Medical Lasers Market, and how is it projected to change in the future?
6.What is the future outlook for the Medical Lasers Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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