News

Market Analysis: Surgical Lasers

The global market for medical lasers is projected to reach $8.2 billion by 2017, driven by increasing applications across areas such as ophthalmology, oncology, cosmetic surgery, cardiology, dentistry, gynecology, dermatology, gastroenterology...

Fri Jan 11 2013By Medical Dealer Magazine

 

The global market for medical lasers is projected to reach $8.2 billion by 2017, driven by increasing applications across areas such as ophthalmology, oncology, cosmetic surgery, cardiology, dentistry, gynecology, dermatology, gastroenterology, diagnostics and urology, according to a Global Industry Analysts report. Technological advancements and increasing popularity of cosmetic therapies will foster market growth, according to the market researcher.

The recession significantly affected sales of medical laser systems, as consumers avoided or postponed elective laser and cosmetic treatments, such as vision correction and facial rejuvenation. According to Global Industry Analysts, a majority of the medical laser segments – ophthalmic lasers, aesthetic lasers, and biomedical diode lasers – witnessed eroded sales following the slip in demand. However, the surgical laser market has maintained stability, as the number of necessary surgical procedures using lasers has not declined, and most are backed by reimbursement offered by major insurance providers.

“Overall, I believe the market for surgical lasers is showing signs of slight improvement,” said Chris Jones, owner of surgical laser refurbishing company Quanta Technologies, due to “a more focused attention on surgical applications.”

Jones says other market trends are consolidation of manufacturers, decreased equipment costs, and an increase in the use of surgical lasers in physician’s offices, rather than strictly in the operating room. In the long run, the medical laser equipment business is projected to grow with an increase in number of people opting for cosmetic applications. In recent years, several key developments in laser technology have created a plethora of applications in the medical field. Currently, lasers are being extensively employed for diagnosis and treatment of a number of diseases. Lasers now offer wide applications for noninvasive applications such as hair removal, skin rejuvenation, photodynamic therapy, selective laser trabeculopasty, and low-level laser therapy.

Read full article in the Jan. 2013 edition of Medical Dealer Magazine.

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Please review our Privacy Policy for more details.
I Agree