Industries - Medical Laser System Market Analysis by Product (Gas Laser, Diode Laser, Solid State Lasers, Dye Lasers), by Application (Dermatology, Ophthalmology, Gynaecology, Urology, Dentistry, Cardiology), and by Region – Forecast to 2026.

Ablation Technology Market Analysis

Medical Laser System Market Analysis by Product (Gas Laser, Diode Laser, Solid State Lasers, Dye Lasers), by Application (Dermatology, Ophthalmology, Gynaecology, Urology, Dentistry, Cardiology), and by Region – Forecast to 2026.
July 2021

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Medical Laser System Market Analysis by Product (Gas Laser, Diode Laser, Solid State Lasers, Dye Lasers), by Application (Dermatology, Ophthalmology, Gynaecology, Urology, Dentistry, Cardiology), and by Region - Forecast to 2026.

Published: July-21 | Historical Data: 2018-2020 | Base Year: 2020
SKU: ICI-HC-1240| Number of Pages: 158 | Category: Medical Devices

“The global medical laser system market size is projected to reach USD 5,210.9 million by 2026, exhibiting a compounded annual growth rate (CAGR) of 12.1% during the forecast period 2020-2026. “

Medical lasers (Light Amplification by Stimulated Emission of Radiation) are medical devices that treat or remove tissues by using specific focused light sources. Light from a light bulb, for example, has several wavelengths and spreads out in all directions. On the other hand, laser light has a specified wavelength that is concentrated on a small beam to produce a high-intensity light. Lasers are best for very accurate surgical procedures or cutting through tissue because they can focus very precisely on small areas. Lasers have been used for various medical procedures such as dermatology and cosmetic surgery, wound healings, nerve stimulation, dentistry, ophthalmology applications for vision corrections, and for many other therapeutic procedures. Combining with nanoparticles, diode lasers have been also used for cancer therapy, bio-sensing, bio-imaging, drug delivery, and diagnostics of cancer cells.

Increase in cases of eye disorder is a key driver for the growth of the global medical laser system market. According to WHO vision impairment poses a huge global financial burden with the annual global costs of productivity losses related to vision impairment from uncorrected myopia and presbyopia alone is estimated to be USD 244 billion and USD 25.4 billion, respectively. Majority of the individuals with vision impairment and blindness are over the age of 50 years; however, vision loss can affect people of all ages. Additionally, rise in number of patients using radical laser-based treatments, increasing investments in the medical laser system market and growing global geriatric population are some of the other drivers propelling the market growth, side effects related to the laser treatment and strict governing situation in the developed economies are expected to restrain the global market growth.

Medical Laser System Market

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Market Driver Analysis.

Increase in cases of eye disorder is the major driver for global market growth

The leading causes of eye disorders are primarily age-related eye diseases such as age-related macular degeneration, cataract, diabetic retinopathy, and glaucoma. The increasing prevalence of eye disease is expected to drive the market of medical lasers. According to Centre for Disease Control and Prevalence (CDC), more than 4.2 million Americans aged 40 years and older are either legally blind or are with low vision. It is estimated that 1.8 million Americans aged 40 years and older are affected by AMD (age-related muscular degeneration) and an additional 7.3 million with large drusen are at substantial risk of developing AMD.

Cataract is a clouding of the eye’s lens and is the leading cause of blindness globally. For instance, 20.5 million (17.2%) Americans aged 40 years and older have a cataract in one or both eyes, and 6.1 million (5.1%) have had their lens removed operatively. Thus, increasing cased of eye disorder is further driving the adoption of laser treatments, thereby propelling the medical lasers market.

Rise in cosmetic applications to boost to the medical laser market

Laser therapy is used for the treatment of tumours, polyps, or precancerous growths, retina improvement, vision treatment, hair loss resulting from alopecia or aging, and treat back nerve pain. The adoption of lasers in dermatology application is increasing. Acne is a very common skin condition in the U.S., affecting up to 50 million Americans annually, and therefore laser treatments are extremely effective in acne. Similarly, it is also used in hair loss treatment. For instance, hair loss affects an estimated 80 million Americans, out of which 50 million are men and 30 million are women.

Key Market Restraint

Side effects associated with laser therapy hinders the market growth

Laser hair removal is a popular and permanent solution for people in order to get rid of body hair. The laser damages the follicles of the targeted hairs so that hairs do not grow again. The body sometimes reacts to the laser causing redness and irritation within the affected areas. The skin tingles or feels tender and may even appear to swell slightly. Hair removal procedure involves the utilization of powerful lasers. This means there is a risk of serious eye injury, especially when a practitioner is performing procedure on a person’s face. Although the side effects are mild to moderate it is expected to restraint the growth of the medical lasers market.

Market segmentation and share analysis

By Product

Based on product, the market is categorized into gas laser, diode laser, solid state laser, and dye laser. In 2020, the diode laser segment accounted for the highest revenue share. The high share is attributed to the wide-ranging application in photodynamic treatment and aesthetic processes. The solid-state laser product segment is anticipated to grow at a steady CAGR during the forecast period, due the launch of new products and its varied application in the dermatology.

By Application

Based on application, the market is divided into dermatology, gynaecology, ophthalmology, urology, cardiology, dentistry, and others. In 2020, the dermatology segment accounted for the highest revenue share and is expected to grow at a fastest CAGR during the forecast period. This is due to the growing awareness among the patients along with high adoption rates of minimal and non-invasive treatments globally. The gynaecology segment is anticipated to grow at a significant CAGR during the forecast period, due the wide application of this system in intra-abdominal gynaecological surgeries, which further drives the demand.

Regional Insights

In 2020, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the increase in adoption of cosmetic lift-ups, growth in demand for aesthetic surgeries accompanied by high disposal income, and growing healthcare expenditure in the region. According to American Society for Plastic Surgeons, in 2020, over 997 thousand people in America opted for laser resurfacing. Additionally, over 199 thousand people opted for laser therapy to remove tattoo.

North America Medical Laser System Market Size (2018-2026), USD Million

North America Medical Laser System Market

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Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the expansion by the major players in this region due to increasing number of geriatric population, availability of skilled labour forces at economic costs, low manufacturing cost, and growing government and corporate investment in R&D for the healthcare sector. For instance, myopia is a major health issue in East Asian countries, especially in China as the geriatric population is increasing in the country.

Competitor Insights

Some of the key players in the medical laser system market are Alcon Laboratories, Inc. (Switzerland); AngioDynamics Corp. (U.S.); American Medical Systems, Inc. (U.S.); Biolase Inc. (U.S.); Bausch & Lomb Holdings (U.S.); Cardiogenesis Corporation, Inc. (U.S.); Lumenis Ltd. (Israel); IRIDEX Corp. (U.S.); Novadaq Technologies, Inc. (Canada); and Photomedex, Inc. (U.S.). The leading players operating in the medical laser system industry are adopting various strategies including R&D investments, adoption of advanced techniques, new product launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

Industry development

  • In March 2021, Solta Medical launched its Clear + Brilliant Touch laser in the U.S. Featureing two wavelengths, this laser provides a comprehensive treatment option for patients with varied skin types and for all age groups.
  • In October 2020, Summus Medical Laser launched its Horizon Medical Laser System, a class IV therapy designed for use in medical industry
  • In January 2020, Alma, a Sisram Medical Company, launched ClearSkin PRO to double the power of its previous solutions available in the market and provide visibly younger-looking skin.

Research Scope and Segment

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2018 to 2026. The medical laser system market report is categorized into the following segments and subsegments:

Medical Laser System Market, By Product (Revenue, USD Million, 2018 – 2026)

  • Gas Lasers
    • CO2 Lasers
    • Argon Lasers
    • Krypton Lasers
    • Metal Vapor (Cu & Au)
    • Helium-Neon Lasers
    • Excimer Lasers
  • Diode Lasers
  • Solid State Lasers
    • Holmium Yttrium Aluminium Garnet
    • Erbium Yttrium Aluminium Garnet
    • Neodynium Yttrium Aluminium Garnet
    • Potassium Titanyl Phosphate
    • Alexandrite Lasers
    • Ruby Lasers
  • Dye Lasers

Medical Laser System Market, By Application (Revenue, USD Million, 2018 – 2026)

  • Dermatology
  • Ophthalmology
  • Gynaecology
  • Urology
  • Dentistry
  • Cardiology
  • Others

Medical Laser System Market, By Region (Revenue, USD Million, 2018 – 2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Medical Laser System Market Report:

Key Parameters Details
Data Availability 2018-2026
Historical Years 2018-2020
Base Year Considered 2020
Forecast Data 2021-2026
Company Profiles 10
Companies Considered >50
Value Units Value in USD and CAGR in %
Market Segments Product and Application
Regional Coverage
  • North America (U.S. and Canada),
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe),
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific),
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM),
  • Middle East & Africa (South Africa, Saudi Arabia, Rest of MEA)
Key Market Players
  • Alcon Laboratories, Inc.
  • AngioDynamics Corp.
  • American Medical Systems, Inc.
  • Biolase Inc.
  • Bausch & Lomb Holdings
  • Cardiogenesis Corporation, Inc.
  • Lumenis Ltd.
  • IRIDEX Corp.
  • Novadaq Technologies, Inc.
  • Photomedex, Inc.
Custom Analysis Customization up to 60 analyst hours (15%)

Medical Laser System Market, By Product (Revenue, USD Million, 2018 – 2026)

  • Gas Lasers
    • CO2 Lasers
    • Argon Lasers
    • Krypton Lasers
    • Metal Vapor (Cu & Au)
    • Helium-Neon Lasers
    • Excimer Lasers
  • Diode Lasers
  • Solid State Lasers
    • Holmium Yttrium Aluminium Garnet
    • Erbium Yttrium Aluminium Garnet
    • Neodynium Yttrium Aluminium Garnet
    • Potassium Titanyl Phosphate
    • Alexandrite Lasers
    • Ruby Lasers
  • Dye Lasers

Medical Laser System Market, By Application (Revenue, USD Million, 2018 – 2026)

  • Dermatology
  • Ophthalmology
  • Gynaecology
  • Urology
  • Dentistry
  • Cardiology
  • Others

Medical Laser System Market, By Region (Revenue, USD Million, 2018 – 2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA
1. Research Methodology
 1.1. Research Objective
 1.2. Study Scope: Market Segments
 1.3. Study Timeframe, Limitations & Currency
 1.4. Domain-Assisted Cognition (DAC) Framework
  1.4.1. Three-stage Research Methodology
   1.4.1.1. Understand Ecosystem
    1.4.1.1.1. Secondary Research
    1.4.1.1.2. Primary Research
    1.4.1.1.3. Internal Repository
   1.4.1.2. Synthesize Information
    1.4.1.2.1. Data Analysis
    1.4.1.2.2. Data Triangulation
   1.4.1.3. Predict/Project Growth
    1.4.1.3.1. Market Size Estimation
     1.4.1.3.1.1. Bottom-up Approach
     1.4.1.3.1.2. Top-down Approach
    1.4.1.3.2. Data Validation
  1.4.2. Two-stage Quality Check Mechanism
   1.4.2.1. Inspection & Reporting
   1.4.2.2. Quality Audit
2. Market Summary
 2.1. Market Definition & Market Landscape
 2.2. Market Segment Snapshot
 2.3. Geographic Market Snapshot
3. Market Dynamics
 3.1. Market Driver Analysis
  3.1.1. Increase in cases of eye disorder
  3.1.2. Rise in number of patients using radical laser-based treatments
  3.1.3. Growing global geriatric population
  3.1.4. Increasing investments in the medical laser system market
 3.2. Market Restraint Analysis
  3.2.1. Side effects related with the laser treatment
  3.2.2. Strict governing situation in the developed economies
  3.2.3. High cost of laser treatment
 3.3. Market Opportunities
  3.3.1. Rise in awareness towards use of laser treatment in emerging economies
  3.3.2. Introduction of new technologies in the global market
  3.3.3. Market opportunities in emerging countries
4. Industry Outlook
 4.1. Key Market Trends
 4.2. Value Chain Analysis
 4.3. Porter’s 5 Forces Analysis
 4.4. Pricing Analysis (2018-2020)
 4.5. Product Benchmarking
5. Covid-19 Impact and Deviation Analysis
 5.1. Covid-19 Prevalence Analysis
 5.2. Key Market Trends
 5.3. Market Size Deviation Analysis (2020-2026)
6. Medical Laser System Market Size and Forecast, by Product (2018-2026), USD Million
 6.1. Gas Lasers
  6.1.1. CO2 Lasers
  6.1.2. Argon Lasers
  6.1.3. Krypton Lasers
  6.1.4. Metal Vapor (Cu & Au)
  6.1.5. Helium-Neon Lasers
  6.1.6. Excimer Lasers
 6.2. Diode Lasers
 6.3. Solid State Lasers
  6.3.1. Holmium Yttrium Aluminum Garnet
  6.3.2. Erbium Yttrium Aluminum Garnet
  6.3.3. Neodynium Yttrium Aluminum Garnet
  6.3.4. Potassium Titanyl Phosphate
  6.3.5. Alexandrite Lasers
  6.3.6. Ruby Lasers
 6.4. Dye Lasers
7. Medical Laser System Market Size and Forecast, by Application (2018-2026), USD Million
 7.1. Dermatology
 7.2. Ophthalmology
 7.3. Gynaecology
 7.4. Urology
 7.5. Dentistry
 7.6. Cardiology
 7.7. Others
8. Medical Laser System Market, Regional Analysis (2018-2026), USD Million
 8.1. North America
  8.1.1. Introduction
   8.1.1.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.1.1.2. Market Size & Forecast, by Application (2018-2026), USD Million
   8.1.1.3. Market Size & Forecast, by Country (2018-2026), USD Million
  8.1.2. U.S.
   8.1.2.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.1.2.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.1.3. Canada
   8.1.3.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.1.3.2. Market Size & Forecast, by Application (2018-2026), USD Million
 8.2. Europe
  8.2.1. Introduction
   8.2.1.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.1.2. Market Size & Forecast, by Application (2018-2026), USD Million
   8.2.1.3. Market Size & Forecast, by Country (2018-2026), USD Million
  8.2.2. Germany
   8.2.2.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.2.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.2.3. UK
   8.2.3.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.3.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.2.4. France
   8.2.4.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.4.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.2.5. Spain
   8.2.5.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.5.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.2.6. Italy
   8.2.6.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.6.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.2.7. Russia
   8.2.7.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.7.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.2.8. Rest of Europe
   8.2.8.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.2.8.2. Market Size & Forecast, by Application (2018-2026), USD Million
 8.3. Asia Pacific (APAC)
  8.3.1. Introduction
   8.3.1.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.3.1.2. Market Size & Forecast, by Application (2018-2026), USD Million
   8.3.1.3. Market Size & Forecast, by Country (2018-2026), USD Million
  8.3.2. China
   8.3.2.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.3.2.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.3.3. Japan
   8.3.3.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.3.3.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.3.4. India
   8.3.4.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.3.4.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.3.5. Australia
   8.3.5.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.3.5.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.3.6. South Korea
   8.3.6.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.3.6.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.3.7. Rest of Asia Pacific
   8.3.7.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.3.7.2. Market Size & Forecast, by Application (2018-2026), USD Million
 8.4. Latin America (LATAM)
  8.4.1. Introduction
   8.4.1.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.4.1.2. Market Size & Forecast, by Application (2018-2026), USD Million
   8.4.1.3. Market Size & Forecast, by Country (2018-2026), USD Million
  8.4.2. Brazil
   8.4.2.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.4.2.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.4.3. Mexico
   8.4.3.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.4.3.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.4.4. Argentina
   8.4.4.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.4.4.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.4.5. Rest of LATAM
   8.4.5.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.4.5.2. Market Size & Forecast, by Application (2018-2026), USD Million
 8.5. Middle East & Africa (MEA)
  8.5.1. Introduction
   8.5.1.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.5.1.2. Market Size & Forecast, by Application (2018-2026), USD Million
   8.5.1.3. Market Size & Forecast, by Country (2018-2026), USD Million
  8.5.2. South Africa
   8.5.2.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.5.2.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.5.3. Saudi Arabia
   8.5.3.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.5.3.2. Market Size & Forecast, by Application (2018-2026), USD Million
  8.5.4. Rest of MEA
   8.5.4.1. Market Size & Forecast, by Product (2018-2026), USD Million
   8.5.4.2. Market Size & Forecast, by Application (2018-2026), USD Million
9. Competitor Analysis
 9.1. Market Player Comparison
 9.2. Product-wise Player Mapping
 9.3. Region-wise Player Mapping
 9.4. Market Share Analysis
 9.5. Market Position Analysis
 9.6. Recent Development Analysis
10. Company Profiles
 10.1. Alcon Laboratories, Inc. (Switzerland)
  10.1.1. Company Overview
  10.1.2. Company Financials
  10.1.3. Product Portfolio
  10.1.4. Recent Developments
 10.2. AngioDynamics Corp. (U.S.)
  10.2.1. Company Overview
  10.2.2. Company Financials
  10.2.3. Product Portfolio
  10.2.4. Recent Developments
 10.3. American Medical Systems, Inc. (U.S.)
  10.3.1. Company Overview
  10.3.2. Company Financials
  10.3.3. Product Portfolio
  10.3.4. Recent Developments
 10.4. Biolase Inc. (U.S.)
  10.4.1. Company Overview
  10.4.2. Company Financials
  10.4.3. Product Portfolio
  10.4.4. Recent Developments
 10.5. Bausch & Lomb Holdings (U.S.)
  10.5.1. Company Overview
  10.5.2. Company Financials
  10.5.3. Product Portfolio
  10.5.4. Recent Developments
 10.6. Cardiogenesis Corporation, Inc. (U.S.)
  10.6.1. Company Overview
  10.6.2. Company Financials
  10.6.3. Product Portfolio
  10.6.4. Recent Developments
 10.7. Lumenis Ltd. (Israel)
  10.7.1. Company Overview
  10.7.2. Company Financials
  10.7.3. Product Portfolio
  10.7.4. Recent Developments
 10.8. IRIDEX Corp. (U.S.)
  10.8.1. Company Overview
  10.8.2. Company Financials
  10.8.3. Product Portfolio
  10.8.4. Recent Developments
 10.9. Novadaq Technologies, Inc. (Canada)
  10.9.1. Company Overview
  10.9.2. Company Financials
  10.9.3. Product Portfolio
  10.9.4. Recent Developments
 10.10. Photomedex, Inc. (U.S.)
  10.10.1. Company Overview
  10.10.2. Company Financials
  10.10.3. Product Portfolio
  10.10.4. Recent Developments
(Note: Financials are captured for public listed companies)

Key questions addressed by the research report-

Historic Period: 2018-2020, Base Year: 2020, Forecast Data: 2021-2026

Medical Laser market exhibits a compounded annual growth rate (CAGR) of 12.1% from 2020 to 2026

Prominent players in the Medical Laser market are Alcon Laboratories, Inc.; AngioDynamics Corp; American Medical Systems, Inc.; Biolase Inc.; Bausch & Lomb Holdings; Cardiogenesis Corporation, Inc.; Lumenis Ltd; IRIDEX Corp; Novadaq Technologies, Inc.; and Photomedex, Inc.

Asia Pacific and North America offers numerous growth opportunities for companies operating in the Medical Laser market

Dermatology leads the Application market segment in 2020

Yes, the report offers comprehensive analysis of the COVID-19 pandemic on the market. The report comes with in-depth deviation analysis pre- and post-COVID-19 along with the market trends during the study period.

We follow our in-house domain-assisted cognition (DAC) research framework to compose all our market research reports. The framework ensures contextually relevant insights discovery by collecting precise market information via primary and secondary research.

Yes, we offer 15% free customization with the purchase of this report. Please Contact Us regarding your customization requirements and our research expert will connect with you within 12 hours.


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