Medical Laser Systems Market (CO2 Laser, Excimer Laser, Ho:Yag Laser, Nd:Yag Laser, Dye Laser, Solid State Laser and Gas Laser, Ophthalmology, Dermatology, Urology and Cardiovascular) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 01/30/2015 -- According to its new research study based on the global medical laser systems market, Transparency Market Research states that the market will grow from US$909.0 million in 2011 to US$2.0 billion in 2018. Accomplishing this expansion, the market will register a CAGR of 12.5% between these years. The report is titled "Medical Laser Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018", and is available on the company's site for sale.
According to the report, the global medical laser systems market is driven by the global growth in geriatric population base and rising prevalence of age-related eye disorders. The rising ease and rate of accessibility of advanced laser treatments across the world, and the rising importance of aesthetics for the global population are other chief factors driving demands for medical laser systems.
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Countries in the BRICS nations are registering a continuous rise in disposable incomes of their population leading to increased affordability of the otherwise costly laser treatments. Unmet medical demands and needs in emerging economies such as India and China will also substantially add to demands during the forecast period.
The report segments the global medical laser systems market broadly into three categories: product types, important applications of medical laser systems, and regionally important markets.
The segment product types is further segmented into diode laser systems, solid state laser systems, gas laser systems, and dye laser systems. Amongst these, the product type diode laser held a majority percent share of the market in 2011 and is expected to maintain its lead throughout the forecast period as well. Huge popularity of diode laser systems can be attributed to their use in a wide variety of medical applications such as photodynamic therapy and aesthetic treatments. The segment solid state laser is expected to grow at the fastest rate during the forecast period owing to the several variants of this variety of laser systems and their many applications in treatments such as periodontology, skin treatment, vein removal and tattoo removal.
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Amongst the popular application segments of the global medical laser systems market studied by the report, the segment dermatology held the largest share of market value in 2011, closely followed by the segment ophthalmology. Market shares of both these segments are expected to decrease marginally over the forecast period due to rising demands from application segments such as cardiovascular diseases.
The North American regional medical laser systems' market held nearly 35% shares of the market in 2011 owing to an increased prevalence of chronic diseases such as obesity and diabetes. Over the forecast period, the regional market of Asia Pacific is expected to register fastest growth due to the untapped growth opportunities in terms of unmet medical facilities and demands.
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About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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