Maharashtra, India -- (SBWIRE) -- 02/20/2019 -- Medical Laser Systems Market
Medical Laser Systems are medical devices that use precisely focused light sources to treat or remove tissues. Because lasers can focus very accurately on tiny areas, they can be used for very precise surgical work or for cutting through tissue (in place of a scalpel).
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According to this study, over the next five years the Medical Laser Systems market will register a 11.3% CAGR in terms of revenue, the global market size will reach US$ 55 million by 2024, from US$ 29 million in 2019.
The increase of the market is owing to the increasing disposable incomes of consumers, rising awareness and the rising population of aged people and the growing demand for aesthetic appeal. The global medical laser systems industry mainly concentrates in North America, Europe, Asia-Pacific (W/O Japan) and Japan. The global leading players in this market are Lumenis, Cynosure, Alma Laser, which accounts for about 45% of total sales revenue.
The medical laser systems are mainly used in for Aesthetic, Surgical and Ophthalmology. The main applications are Aesthetic and Surgical which accounts for about 75% and it is forecasted that share will be maintain in 2021. Currently, a major challenge affecting the market fierce competition. As large demand of healthy products at home and abroad, many companies began to enter the field.
Despite the presence of competition problems, due to the global recovery trend is clear, emergence of fiber lasers, product-design software packages, and other technological advancements, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
This study considers the Medical Laser Systems value and volume generated from the sales of the following segments:
Segmentation by product type:
Diode Laser Systems
Solid State Laser Systems
Dye Lasers Systems
Gas Lasers Systems
Segmentation by application:
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Lumenis, Cynosure, Alma Laser, Topcon, Dornier MedTech, Spectranetics, BioLase, Fotona, Syneron Candela, Quanta System, ZEISS, Cutera, IRIDEX, Miracle Laser, ARC LASER, Medelux, Sunny Optoelectronic
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
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1.The research report provides a detailed analysis of the Medical Laser Systems Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Medical Laser Systems Market is provided.
3.Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4.The qualitative and quantitative analysis of the market from 2019 to 2024 is provided to put forth the market potential.
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Overall, this Medical Laser Systems market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.
Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Medical Laser Systems market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for Medical Laser Systems?
What are the key outcomes of Porter's five forces analysis of the Medical Laser Systems market?
The report concludes with the profiles of major players in the Medical Laser Systems Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and do on., as well as the latest development trends of the Market.
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