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The Medical Laser Market Size was valued at USD 5.47 billion in 2023 and is expected to reach USD 13.68 billion by 2032 and grow at a CAGR of 10.7% over the forecast period of 2024-2032.
The medical laser market is likely to emerge robustly globally, mostly as a result of the growing use of non-invasive cosmetic procedures and the surging demand for minimally invasive devices. This is because more people prefer such treatments that involve much lower risk and faster recovery times for patients; this allows for finer results and is almost imperceptible. Increased awareness and acceptance will likely be the major driving force behind market growth in the next few years, with the dual element. For instance, the British Association of Aesthetic Plastic Surgeons claimed that a whopping 31,057 cosmetic surgery procedures were conducted in the UK last year, and the number showed an incredible 102% increase from 2022. In addition, a significant demand rise of age-related medical treatments and aesthetic procedures is prevalent, which has increased in developing countries. As reported by the American Society for Aesthetic Plastic Surgery, Americans spent over USD 13 billion on aesthetic treatments in 2022. This includes various procedures such as preventing acne and body contouring and drives more demand in the market.
As healthcare facilities began re-opening to continue providing services during the aftermath of the pandemic, there has been a resurgence of interest in medical lasers. During the fiscal year 2021, Iridex Corporation experienced a boom of 48.3% in revenues related to laser systems, and this figure even peaked at USD 53.9 million. This market growth is further fueled by technological advancements, as the Refractive Surgery Council reports growing volumes of laser vision correction procedures. The LASIK, SMILE, and PRK procedures increased by 48.0% in the third quarter of 2021 compared with the same period last year. Moreover, new products will emerge on the market, such as IRIDEX Corporation's Iridex 532 and 577 Lasers, released in January 2024, to treat retinal diseases and glaucoma with increased efficiency.
Chronic diseases have increased significantly, and the development and implementation of high-tech medical equipment are necessary. Even the American Cancer Society still puts out statistics that skin cancer is at an all-time high in the United States with more than 5.4 million yearly diagnoses. Along with this is the great responsibility that medical lasers take in treating and handling chronic diseases, including oncology and ophthalmology procedures. The expansion of application fields of lasers in various clinical fields, despite the high cost of medical laser devices, is one of the major growth opportunities for the medical laser market. The market would experience significant growth during 2023, even with the worst economic recession. The root cause of this recession was a sharp decline in healthcare spending.
Drivers
Rising Demand for Non-Surgical Cosmetic Procedures Driving a Shift Toward Minimally Invasive Treatments
A rapidly growing trend toward non-invasive, not surgical laser therapy is being observed in the cosmetic medicine market. This is a less invasive, safer alternative to traditional surgical treatments. Laser therapy and microdermabrasion have become the most popular treatments because they offer natural results and treat various cosmetic concerns. The most important advantage is the relatively short time that would be needed to abstain from their daily activities, because of which recuperation is swift, and overall major interference to their daily lives is kept minimum. This inbuilt factor makes these treatments compatible with a cross-section of age groups, besides making these accessible and incorporating the requirements of the individual.
These non-invasive treatments do offer an attract for the patient, as these ensure that the scar is avoided or minimized, which is one of the greatest apprehensions in patients' minds unwilling to undergo surgical procedures that leave behind scars. However, these treatments are performed by qualified healthcare professionals who can assure safety and effectiveness. It would be nonsensical to indicate that a plan is required without consulting health care providers. This builds on the qualifications of caution and knowledge that most notably has been applied to aesthetic treatments. Therefore, the growing acceptance of non-surgical techniques and their convenience, which is coupled with efficacy, will be substantial contributors to market growth in the medical laser market.
Restraints
Stringent regulatory compliance poses challenges for new entrants, causing delays in product development and increased costs.
Global regulatory variations limit practitioner flexibility and necessitate ongoing education, highlighting the importance of patient safety and compliance.
By Product Type
The major products used in the 2023, medical laser market were solid-state laser systems accounting for about 45.0% of the product market. Their use is dominated by being very versatile reliable and efficient in a wide variety of medical applications including surgery, dermatology, and ophthalmology. Solid-state lasers have proven to provide high precision and excellent performance, making them very desirable for many treatments and procedures.
The diode laser systems segment is experiencing high growth, reflecting a CAGR of 15.0% over the forecast period. This can be attributed to its compact size, cost-effectiveness, and adaptability for diverse applications like hair removal and skin resurfacing. A boom in non-invasive cosmetic procedures has added much value to the take-up of diode lasers, which are often favored by professionals and patients alike.
By Application
Aesthetic and dermatology lasers were the dominant application segment in 2023, with nearly 40.0% share in the total market. The surge in demand for non-surgical cosmetic treatments combined with higher awareness of their importance and need in maintaining healthy skin led to this growth in this segment. Rising acceptance of laser hair removal, tattoo removal, and skin rejuvenation contributed to the increased demand for aesthetic lasers.
The ophthalmology lasers segment is likely to be the industry's fastest-growing application, having a CAGR of 12.0%. The growth in the incidence of eye disorders, particularly cataracts and refractive errors, coupled with technological advancements in laser treatments that result in better outcomes will be driving factors for this segment. Increased LASIK procedures and new laser system launches would promote this application further.
By End User
The medical lasers market is dominated by hospitals, which account for approximately 50.0% of the overall market in 2023. This is because most hospitals have an extensive infrastructure that allows for advanced applications of laser technology in surgery and therapy. Besides, due to the large number of patients they have to treat, the usage levels of medical lasers also see a substantial increase.
The fastest growth can be witnessed in the dermatology and cosmetic clinics segment with a projected CAGR of 14.0%. This growth is mainly attributed to the upsurge in demand for aesthetic treatments and increasing self-care among consumers. Increased requests for non-invasive treatments have led to the increased adoption of advanced laser technologies by dermatology and cosmetic clinics as it helps them to satisfy patient expectations and also treat patients accordingly.
In 2023, North America led the medical laser market by generating a revenue share of 48.9%. This positioning can be sustained throughout the forecast period. There can be several key factors with this dominance, including strong demand for minimally invasive medical procedures, high preference for cosmetic treatments, and accelerating adoption of novel technologies in the United States. The latest available data reported by the American Society of Plastic Surgeons explains that 23.7 million minimally invasive cosmetic procedures and 1.5 million cosmetic surgical procedures were carried out in 2022, reflecting strong market activity within the region.
Asia Pacific is the second-biggest market in 2023 and will see the fastest growth over the next several years. This growth could be interlinked with the continuous development of healthcare infrastructure and on-the-rise laser centers across this region. Furthermore, the need for anti-aging treatments is rising, and hair removal procedures, which would be driving the demand for aesthetic lasers. The Asia Pacific market will be expected to see expansion and will follow the patterns of broader consumer preferences for treatment, along with significant advancements in medical technology, as consumers increasingly demand effective and non-invasive solutions.
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Bausch Health Companies Inc. - LASIK and cataract laser systems
Cynosure - Aesthetic laser systems for hair removal, skin rejuvenation, and tattoo removal
Lumenis Be Ltd. - Dermatology, surgical, and ophthalmology laser devices
Candela Corporation - GentleMax Pro laser system for hair removal and skin treatments
TOPCON CORPORATION - Ophthalmic laser technology for retinal and cataract surgery
IRIDEX Corporation - Lasers for glaucoma treatment and aesthetic applications
Sisram Medical Ltd (Alma Lasers) - Aesthetic laser devices for skin resurfacing and body contouring
BIOLASE, Inc. - Dental lasers for soft tissue surgery and teeth whitening
El.En. S.p.A. - Aesthetic laser systems for hair removal and skin treatments
LAMEDITECH - Laser technology for cosmetic and medical applications
Artivion, Inc. - Laser technology for surgical applications, particularly in cardiovascular procedures
Novartis AG - Laser therapies in ophthalmology
Boston Scientific Corporation - Laser systems for surgical applications
Lumibird Medical - Laser technologies for ophthalmology
Koninklijke Philips N.V. - Laser solutions for medical applications
In Aug 2024, MedWorld Advisors officially announced the formation of the MedTech Laser Group, a milestone achieved through the acquisition of shares in A.R.C Laser GmbH and G.N.S. neoLaser Ltd.
In June 2024, UVA Health launched an outpatient eye surgery clinic that provides laser vision correction procedures, featuring the popular LASIK surgery among its offerings.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 5.47 Billion |
| Market Size by 2032 | USD 13.68 Billion |
| CAGR | CAGR of 10.7% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Solid State laser systems, Gas laser systems, Dye laser systems, Diode laser systems) • By Application (Ophthalmology lasers, Surgical lasers, Aesthetic and Dermatology Lasers, Others) • By End User (Hospital, Dermatology and Cosmetic Clinics, Ophthalmic Clinics, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia-Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia-Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Bausch Health Companies Inc., Cynosure, Lumenis Be Ltd., Candela Corporation, TOPCON CORPORATION, IRIDEX Corporation, Sisram Medical Ltd (Alma Lasers), BIOLASE, Inc., En. S.p.A., LAMEDITECH, Artivion, Inc., Novartis AG, Boston Scientific Corporation, Lumibird Medical, Koninklijke Philips N.V., and Others |
| Key Drivers | • Rising Demand for Non-Surgical Cosmetic Procedures Driving a Shift Toward Minimally Invasive Treatments |
| Restraints | • Stringent regulatory compliance poses challenges for new entrants, causing delays in product development and increased costs. • Global regulatory variations limit practitioner flexibility and necessitate ongoing education, highlighting the importance of patient safety and compliance. |
Ans: The Medical Laser Market size was valued at USD 5.47 billion in 2023.
Ans: The Medical Laser Market is growing at a 10.7% over the forecast period of 2024-2032.
Ans: The Medical Laser Market is to Hit USD 13.68 billion by 2032.
Ans: Significant medical applications for diode lasers include photodynamic therapy, diagnostics, and surgical treatment. Technologies utilising diode lasers have several benefits.
Ans: The major key players are Bausch Health Companies Inc., Cynosure, Lumenis Be Ltd., Candela Corporation, TOPCON CORPORATION, IRIDEX Corporation, Sisram Medical Ltd (Alma Lasers), BIOLASE, Inc., En. S.p.A., LAMEDITECH, Artivion, Inc., Novartis AG, Boston Scientific Corporation, Lumibird Medical, Koninklijke Philips N.V., and Others.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence (2023)
5.2 Prescription Trends, (2023), by Region
5.3 Device Volume, by Region (2020-2032)
5.4 Healthcare Spending, by Region, (Government, Commercial, Private, Out-of-Pocket), 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Medical Laser Market Segmentation, by Product Type
7.1 Chapter Overview
7.2 Solid State Laser Systems
7.2.1 Solid State Laser Systems Market Trends Analysis (2020-2032)
7.2.2 Solid State Laser Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Gas laser systems
7.3.1 Gas Laser Systems Market Trends Analysis (2020-2032)
7.3.2 Gas Laser Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Dye laser systems
7.4.1 Dye Laser Systems Market Trends Analysis (2020-2032)
7.4.2 Dye Laser Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Diode laser systems
7.5.1 Diode Laser Systems Market Trends Analysis (2020-2032)
7.5.2 Diode Laser Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Medical Laser Market Segmentation, by Application
8.1 Chapter Overview
8.2 Ophthalmology lasers
8.2.1 Ophthalmology Lasers Market Trends Analysis (2020-2032)
8.2.2 Ophthalmology Lasers Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Surgical lasers
8.3.1 Surgical Lasers Market Trends Analysis (2020-2032)
8.3.2 Surgical Lasers Market Size Estimates and Forecasts to 2032 (USD Million)
8.4 Aesthetic and Dermatology Lasers
8.4.1 Aesthetic and Dermatology Lasers Market Trends Analysis (2020-2032)
8.4.2 Aesthetic and Dermatology Lasers Market Size Estimates and Forecasts to 2032 (USD Million)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
9. Medical Laser Market Segmentation, by End User
9.1 Chapter Overview
9.2 Hospital
9.2.1 Hospital Market Trends Analysis (2020-2032)
9.2.2 Hospital Market Size Estimates and Forecasts to 2032 (USD Million)
9.3 Dermatology and Cosmetic Clinics
9.3.1 Dermatology and Cosmetic Clinics Market Trends Analysis (2020-2032)
9.3.2 Dermatology and Cosmetic Clinics Market Size Estimates and Forecasts to 2032 (USD Million)
9.4 Ophthalmic Clinics
9.4.1 Ophthalmic Clinics Market Trends Analysis (2020-2032)
9.4.2 Ophthalmic Clinics Market Size Estimates and Forecasts to 2032 (USD Million)
9.5 Others
9.5.1 Others Market Trends Analysis (2020-2032)
9.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Medical Laser Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.2.3 North America Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.2.4 North America Medical Laser Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.5 North America Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.2.6 USA
10.2.6.1 USA Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.2.6.2 USA Medical Laser Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.6.3 USA Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.2.7 Canada
10.2.7.1 Canada Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.2.7.2 Canada Medical Laser Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.7.3 Canada Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.2.8 Mexico
10.2.8.1 Mexico Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.2.8.2 Mexico Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.2.8.3 Mexico Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Medical Laser Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.1.3 Eastern Europe Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.1.4 Eastern Europe Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.1.5 Eastern Europe Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.6 Poland
10.3.1.6.1 Poland Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.1.6.2 Poland Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.1.6.3 Poland Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.7 Romania
10.3.1.7.1 Romania Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.1.7.2 Romania Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.1.7.3 Romania Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.1.8.2 Hungary Medical Laser Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.8.3 Hungary Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.1.9.2 Turkey Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.1.9.3 Turkey Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.1.10.2 Rest of Eastern Europe Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.1.10.3 Rest of Eastern Europe Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Medical Laser Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.2.3 Western Europe Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.4 Western Europe Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.5 Western Europe Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.6 Germany
10.3.2.6.1 Germany Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.6.2 Germany Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.6.3 Germany Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.7 France
10.3.2.7.1 France Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.7.2 France Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.7.3 France Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.8 UK
10.3.2.8.1 UK Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.8.2 UK Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.8.3 UK Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.9 Italy
10.3.2.9.1 Italy Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.9.2 Italy Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.9.3 Italy Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.10 Spain
10.3.2.10.1 Spain Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.10.2 Spain Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.10.3 Spain Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.11.2 Netherlands Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.11.3 Netherlands Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.12.2 Switzerland Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.12.3 Switzerland Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.13 Austria
10.3.2.13.1 Austria Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.13.2 Austria Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.13.3 Austria Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.3.2.14.2 Rest of Western Europe Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.3.2.14.3 Rest of Western Europe Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Medical Laser Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.4.3 Asia Pacific Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.4 Asia Pacific Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.5 Asia Pacific Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.6 China
10.4.6.1 China Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.6.2 China Medical Laser Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.6.3 China Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.7 India
10.4.7.1 India Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.7.2 India Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.7.3 India Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.8 Japan
10.4.8.1 Japan Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.8.2 Japan Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.8.3 Japan Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.9 South Korea
10.4.9.1 South Korea Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.9.2 South Korea Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.9.3 South Korea Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.10 Vietnam
10.4.10.1 Vietnam Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.10.2 Vietnam Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.10.3 Vietnam Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.11 Singapore
10.4.11.1 Singapore Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.11.2 Singapore Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.11.3 Singapore Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.12 Australia
10.4.12.1 Australia Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.12.2 Australia Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.12.3 Australia Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.4.13.2 Rest of Asia Pacific Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.4.13.3 Rest of Asia Pacific Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Medical Laser Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.1.3 Middle East Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.1.4 Middle East Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.1.5 Middle East Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.6 UAE
10.5.1.6.1 UAE Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.1.6.2 UAE Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.1.6.3 UAE Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.1.7.2 Egypt Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.1.7.3 Egypt Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.1.8.2 Saudi Arabia Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.1.8.3 Saudi Arabia Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.1.9.2 Qatar Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.1.9.3 Qatar Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.1.10.2 Rest of Middle East Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.1.10.3 Rest of Middle East Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Medical Laser Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.2.3 Africa Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.2.4 Africa Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.2.5 Africa Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.2.6.2 South Africa Medical Laser Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.6.3 South Africa Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.2.7.2 Nigeria Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.2.7.3 Nigeria Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.5.2.8.2 Rest of Africa Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.5.2.8.3 Rest of Africa Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Medical Laser Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.6.3 Latin America Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.6.4 Latin America Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.6.5 Latin America Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.6 Brazil
10.6.6.1 Brazil Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.6.6.2 Brazil Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.6.6.3 Brazil Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.7 Argentina
10.6.7.1 Argentina Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.6.7.2 Argentina Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.6.7.3 Argentina Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.8 Colombia
10.6.8.1 Colombia Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.6.8.2 Colombia Medical Laser Market Estimates and Forecasts, by Application(2020-2032) (USD Million)
10.6.8.3 Colombia Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Medical Laser Market Estimates and Forecasts, by Product Type (2020-2032) (USD Million)
10.6.9.2 Rest of Latin America Medical Laser Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.9.3 Rest of Latin America Medical Laser Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
11. Company Profiles
11.1 Bausch Health Companies Inc.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Cynosure Lutronic
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Lumenis Be Ltd.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Candela Corporation
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 TOPCON CORPORATION
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 IRIDEX Corporation
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Sisram Medical Ltd (Alma Lasers)
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 BIOLASE, Inc.
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 LAMEDITECH
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Iridex corporation
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segmentation
By Product Type
Solid State laser systems
Gas laser systems
Dye laser systems
Diode laser systems
By Application
Ophthalmology lasers
Surgical lasers
Aesthetic and Dermatology Lasers
Others
By End User
Hospital
Dermatology and Cosmetic Clinics
Ophthalmic Clinics
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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