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Medical Laser Systems Market – Trends 2016

The global medical laser systems market is dominated by North America. This regional market for medical laser systems is driven by the increasing prevalence of chronic disorders such as diabetes and obesity.

Wed Mar 02 2016By MedGadget

The global medical laser systems market is dominated by North America. This regional market for medical laser systems is driven by the increasing prevalence of chronic disorders such as diabetes and obesity. Europe is another key regional market in the global medical laser systems market. On the other hand, it is Asia Pacific that is the most attractive region in the global medical laser systems market. This regional market offers the maximum opportunities for future growth. 

The key factors driving the Asia Pacific medical laser systems market are the increasing disposable income and the high level of unmet medical needs in populous nations such as China and India. Broadly, the global medical laser systems market is segmented on the basis of product, application, and geography.

Besides offering a detailed analysis of the key regions, the study also offers an in-depth analysis of the key application and product segments. The leading segments of the global medical laser systems market and the fastest growing segments have also been evaluated in the report. The key trends driving these segments are also included. Moreover, the valuable forecasts of these segments are also covered.

Overview of the Global Medical Laser Systems Market 

The global medical laser systems market is projected to expand at a 12.50% CAGR during the forecast period from 2012 to 2018. In 2011, the global medical laser systems market was worth US$0.9 bn and by 2018, the market is projected to be worth US$2.0 bn. The market is driven by the elevated rate of age-related ophthalmic disorders and the rising awareness related to medical aesthetics.

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By product, the global medical laser systems market is segmented into diode laser systems, gas laser systems, solid state laser systems, and dye laser systems. The diode laser systems segment dominated the global medical laser systems market in 2011. Application-wise, the global medical laser systems market is divided into cardiovascular, dentistry, urology, gynecology, ophthalmology, dermatology, and others. By 2018, the cardiovascular segment is expected to emerge as the most rapidly developing application. The cardiovascular segment is driven by the development of affordable treatment methods and the rising prevalence of cardiovascular diseases.

Regionally, the global medical laser systems market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). In 2011, the global medical laser systems market was led by North America, followed by Europe. In 2011, North America held a dominant share of 35% in the global medical laser systems market.

Although the global medical laser systems market will expand notably in the coming few years, it will be suppressed by several factors. These include the high failure rates associated with medical laser systems, the implementation of the Affordable Care Act in the U.S., and stringent safety regulations in this market. 

Companies mentioned in the research report 
Players in the global medical laser systems market will benefit from the increasing level of disposable incomes in emerging economies. Some of the key players operating in the global medical laser systems market are PhotoMedex, Lumenis, Syneron Candela, AngioDynamics, BIOLASE, and American Medical Systems, Spectranetics Corporation.

 

 

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