Medical Laser Systems Market – Global Analysis Report, 2012 - 2018

The global medical laser systems market is dominated by North America. This regional market for medical laser systems is driven by the increasing prevalence of chronic disorders such as diabetes and obesity. Europe is another key regional market in the global medical laser systems market. On the other hand, it is Asia Pacific that is the most attractive region in the global medical laser systems market. This regional market offers the maximum opportunities for future growth.

The key factors driving the Asia Pacific medical laser systems market are the increasing disposable income and the high level of unmet medical needs in populous nations such as China and India. Broadly, the global medical laser systems market is segmented on the basis of product, application, and geography.

Besides offering a detailed analysis of the key regions, the study also offers an in-depth analysis of the key application and product segments. The leading segments of the global medical laser systems market and the fastest growing segments have also been evaluated in the report. The key trends driving these segments are also included. Moreover, the valuable forecasts of these segments are also covered.

Overview of the Global Medical Laser Systems Market

The global medical laser systems market is projected to expand at a 12.50% CAGR during the forecast period from 2012 to 2018. In 2011, the global medical laser systems market was worth US$0.9 bn and by 2018, the market is projected to be worth US$2.0 bn. The market is driven by the elevated rate of age-related ophthalmic disorders and the rising awareness related to medical aesthetics.

By product, the global medical laser systems market is segmented into diode laser systems, gas laser systems, solid state laser systems, and dye laser systems. The diode laser systems segment dominated the global medical laser systems market in 2011. Application-wise, the global medical laser systems market is divided into cardiovascular, dentistry, urology, gynecology, ophthalmology, dermatology, and others. By 2018, the cardiovascular segment is expected to emerge as the most rapidly developing application. The cardiovascular segment is driven by the development of affordable treatment methods and the rising prevalence of cardiovascular diseases.

Regionally, the global medical laser systems market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). In 2011, the global medical laser systems market was led by North America, followed by Europe. In 2011, North America held a dominant share of 35% in the global medical laser systems market.

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Although the global medical laser systems market will expand notably in the coming few years, it will be suppressed by several factors. These include the high failure rates associated with medical laser systems, the implementation of the Affordable Care Act in the U.S., and stringent safety regulations in this market.

Companies mentioned in the research report

Players in the global medical laser systems market will benefit from the increasing level of disposable incomes in emerging economies. Some of the key players operating in the global medical laser systems market are PhotoMedex, Lumenis, Syneron Candela, AngioDynamics, BIOLASE, and American Medical Systems, Spectranetics Corporation.

Medical Laser Systems Market :Business Challenges, Emerging Technologies & Competitive Landscape

Transparency Market Research has published a research report to point out the key trends and dynamics impacting the global medical laser systems market. This research report, titled “Medical Laser Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,” details the overall laser systems market with SWOT analysis and Porter’s five forces analysis. These market measurement tools have enabled the research reporters to compile an accurate and exact report charting the trajectory of this market for the coming years.

According to the research report, the global medical laser systems market was valued at of US$0.9 bn in 2011 and is expected to reach US$2 bn by 2018, registering a CAGR of 12.50% from 2012 to 2018. The growth of the global medical laser systems market is attributable to the high incidence of age-related ophthalmic disorders, rise in disposable incomes, and an increasing awareness of medical aesthetics.

Lasers emit a high-intensity beam composed of coherent monochromatic light with a stimulated emission of electromagnetic radiation. The term "laser," in fact, is an acronym for “light amplification by stimulated emission of radiation.” These devices are primarily used for cutting, drilling, aligning, and guiding in several treatment procedures. The lasers used in the medical industry for surgical procedures and diagnosis are known as medical laser systems. Various types of medical laser systems are used in cosmetic surgeries, refractive eye surgeries, dental procedures, and general surgeries. Some of the best-known benefits of laser systems are reduced blood loss, minimal postoperative discomfort, reduced chances of wound infection, and better wound healing.

The global medical laser systems market is segmented on the basis of product, application, and geography. The products in this market are diode laser systems, solid state laser systems, gas laser system, and dry laser systems. The application of these products is seen in areas such as dermatology, ophthalmology, gynecology, urology, dentistry, cardiovascular, and others such as gastroenterology, rheumatology, and traumatology. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.

Out of all the applications, the cardiovascular segment is expected to grow at a fast pace through 2018 due to the increasing introduction of cost-effective treatments and growing cases of cardiovascular diseases across the globe. Geographically, North America leads the global medical laser systems market with a 35.0% share in the market. The market in North America is being driven by the high prevalence of chronic disorders such as diabetes and obesity.

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Some of the important players studied in the global medical laser systems market report are AngioDynamics, Spectranetics Corporation, PhotoMedex, Lumenis, BIOLASE, Syneron Candela, and American Medical Systems. The research report offers a comprehensive explanation of the competitive landscape of the global medical laser system market and the impact of the regulatory framework. The medical laser systems market has also been studied from the political, economic, social, technological, legal, and environmental point of view. Additionally, the report also mentions the financial overview, research and development activities, business and marketing strategies, and investment outlook of the key players in the market.