Medical Lasers Market Outlook, Share, Emerging Demand and Growth by 2023


Some of the key factors driving the growth of the market are increasing demand of medical lasers from cosmetic industry, rise in the aging population, growing technological advancements and increasing prevalence of chronic diseases.

Among the different applications of medical lasers, dentistry is expected to witness fastest growth in demand, with an expected CAGR of 17.5% during the forecast period.Increasing number of tooth loss and dental caries, and high prevalence of periodontal diseases are the key factors driving the medical lasers market for dentistry, globally.

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The APAC medical lasers industry is expected to witness the fastest growth in demand, at a CAGR of 15.2% during the forecast period, due to increasing healthcare expenditure, growing medical tourism, and increasing awareness on technologically advanced laser treatments. Emerging economies in Asia-Pacific are experiencing a significant increase in the use of cosmetic treatments driven by factors such as expanding middle class population with increasing disposable income and increasing awareness about skin treatments.

Globally, key players in the medical lasers industry are focusing on technological advancements and acquisitions to gain a larger share in the market. For instance, in May 2016, Syneron Medical Ltd.’s PicoWay picosecond laser received the USFDA clearance for ultra-short 785nm wavelength. Similarly, in the same month, Lumenis Ltd. launched Pulse 100H, Pulse 50H and Pulse 30H holmium laser solutions, providing a range of laser systems in urology treatments.

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