Portland, OR -- (SBWIRE) -- 06/26/2017 -- Medical Laser Systems are devices used to generate a monochromatic beam of light which contains a specific wavelength and is strong and highly concentrated. These systems are used in a broad range of applications in the medical field such as diagnosis, therapy and cosmetic procedures. This report contains estimations of this market for the forecasted period 2013-2020. The key objective of the report is to identify the applications and technologies of medical laser systems and to determine its commercial potential. Drivers, restraints, recent developments and future opportunities which will shape the medical laser system market in the future are also taken into account.
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Rising incidences of eye disorders related to the growing aging population is one of the key drivers of this market. Moreover, rising number of patients using advanced laser-based treatments around the world and increasing importance of aesthetics are other factors contributing to the growth of global medical laser systems market. Furthermore, stringent safety regulations and high rate of failure are the restraints of this market. Increased disposable incomes and demand for laser treatment in emerging economies will serve as opportunities for the future growth of the medical laser system market.
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Medical Laser System Market Analysis by Product Types
On the basis of product types, the medical laser system market is segmented into the following: Solid state laser system, Diode laser system, Dye laser system and Gas laser system. The Diode lasers market held the largest share in 2011 and is expected to grow further due to its varied medical applications; for instance it is used in several aesthetic treatments and photodynamic therapy. Additionally, solid state laser systems is forecast to grow at the fastest CAGR due to its numerous variants which have specific uses in medical related treatments such as tattoo removal, periodontology, vein removal and skin treatment.
Medical Laser System Market Analysis by Application
On the basis of its applications, the global medical laser system market is segmented into ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular and others. Dermatology segment dominated the global medical laser systems market in 2011, followed by ophthalmology segment. The market share for both the markets (~15kDa is expected to decrease due to the increasing application of lasers in fields other than dermatology, such as cardiovascular. The prevalence of heart related diseases and the rapid technological advancement of cost effective laser-based techniques for medical treatment has attributed to the growth of this market.
Medical Laser System Market Analysis by Geography
The medical laser system market is segmented according to geography into North America, Europe, Asia Pacific and LAMEA. North America held the dominant market share in 2011, due to the rising incidences of chronic diseases such as obesity and diabetes. Furthermore, a growth opportunity due to the unmet need for medical treatment in developing countries such as China and India ensures that in Asia-Pacific is the fastest growing market.
The global medical laser systems market is segmented into product types, application and regions as follows:
By Product Types
Solid State Laser Systems
- HO:Yag Lasers (Holmium Yttrium Aluminum Garnet)
- Er:Yag Lasers (Erbium Yttrium Aluminum Garnet)
- Nd:Yag Lasers (Neodynium Yttrium Aluminum Garnet)
- KTP (Potassium Titanyl Phosphate)
- Ruby Lasers
- Alexandrite Lasers
Diode Laser Systems
Dye Laser Systems
Gas Laser Systems
- Argon Lasers
- CO2 Lasers
- Krypton Lasers
- Helium-Neon Lasers
- Metal Vapor (Au and Cu) Lasers
- Excimer lasers
- Others (Rheumatology, Traumatology and Gastroenterology)
- North America
- Asia Pacific