The global market for medical lasers is estimated at nearly $3.5 billion (2020). Market segments grow at a CAGR of 8-12% through 2020-2025
BRUSSELS, Belgium, March 28, 2022 (GLOBE NEWSWIRE) —
Medi-Tech Insights: The medical laser market is driven by the growth of medical/cosmetic procedures, technological advancements and an aging population.
Medical lasers use precisely focused light sources to treat or remove tissue. These are used during cosmetic surgeries, refractive eye surgeries, dental procedures and general surgeries. In addition, medical lasers are also used in radiation therapy for patient positioning.
Medical lasers market driven by increasing prevalence of ophthalmic, dermatological and dental disorders.
The demand for medical lasers is expected to increase as the prevalence of various disorders increases. Ophthalmology is one of the main segments and its growth is driven by the increasing incidence of cataracts/glaucoma/age-related macular degeneration (AMD). According to CDC statistics, about 17% of people over the age of 40 in the United States suffer from cataracts (about 21 million people). The incidence of cataracts is expected to reach 30 million by 2028 in the United States. According to the International Agency for the Prevention of Blindness, the number of people suffering from age-related macular degeneration (AMD) will increase from 196 million in 2020 to 288 million by 2040.
Technological Advancements Drive Demand for Medical Lasers
Medical laser companies are constantly releasing innovative products with new features and applications. For example, Norlase (Headquarters: Denmark/USA) has developed a medical laser that is 1/10th the size of competing products, battery-powered and has voice command capabilities. These technological advances have helped to broaden the adoption of medical lasers.
COVID-19 has highlighted the importance of laser-assisted dentistry
The American Dental Association (ADA) has recommended reducing aerosol production to help prevent transmission of the virus during dental procedures. Many dental practices use traditional high-speed handpieces that produce an aerosol. The use of medical lasers can reduce the production of aerosols. For example, Biolase, a dental laser company, claims to generate 98% less aerosols than dental handpieces. This is likely to increase the demand for dental lasers by dental offices.
“In this new era, aerosol reduction is of utmost importance, making dental lasers a vital tool for dentists. Driven by the COVID-19 pandemic, the market will witness rapid adoption of dental lasers. » – Global Product Manager, leading company in the field of dental lasers
Competitive Landscape: Medical lasers market
The market for medical lasers is competitive and fragmented. The major players in the medical laser market are Lumenis, Dentsply Sirona, Alcon, Iridex, Biolase, AMD Lasers, Boston Scientific, Bausch & Lomb, Cutera, Cynosure, Syneron-Candela, Zeltiq (part of Allergan), Ellex, Ziemer, Nidek, Lap Lasers and Cypra, among others.
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