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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Medical lasers are medical devices that use precisely focused light sources to treat or remove tissues. Medical laser systems are used in several surgical procedures such as cosmetic surgery, refractive eye surgery, dental procedures, and general surgery such as tumor removal, cataract removal, breast surgery, plastic surgery and most other surgical procedures.

Statistics:

The global medical laser systems market is estimated to account for US$ 5,884.3 Mn in terms of value by the end of 2027.

Global Medical Laser Systems Market: Drivers

Increasing prevalence of ophthalmic disorders is expected to propel growth of the global medical laser systems market over the forecast period. For instance, according to the study, ‘The national and subnational prevalence of cataract and cataract blindness in China: a systematic review and meta-analysis’, published in the Journal of Global Health in June 2018, the prevalence of any cataract ranged from 6.71% in people aged 45-49 years to 73.01% in elderly aged 85-89 years in males.

Moreover, increasing aesthetic appeal is also expected to aid in growth of the market. For instance,   according to a 2018 survey by American Society of Plastic Surgeon, around 594,266 laser skin resurfacing procedures were performed in the U.S.

Statistics:

North America held dominant position in the global medical laser systems market in 2019, accounting for 35.2% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Medical Laser Systems Market Share (%) Value, By Region, 2019

Medical Laser Systems  | Coherent Market Insights

Global Medical Laser Systems Market: Restraints

Stringent regulations are expected to hinder growth of the market. Exposure of the human body to certain lasers may result in damage to the eyes and skin. This vulnerability of the human body to some lasers has resulted in evolution of a variety of laser safety standards including Federal Regulations, State Regulations and non-regulatory standards. Z136 series of laser safety standards by the American National Standards Institute is the most commonly used standard for the healthcare sector.

Moreover, high failure rates and adverse effects are also expected to limit the market growth. Laser treatment has high failure rates and may lead to irreversible side effects such as dry eyes, over correction or under correction, double vision, epithelium erosion, and glare.

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Medical Laser Systems Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 2,284.7 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 12.6% 2027 Value Projection: US$ 5,884.3 Mn
Geographies covered (27):
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type: Diode Lasers, Solid State (Crystal), Gas Lasers, Dye Lasers
  • By Application: Dermatology, Ophthalmology, Gynecology, Urology, Dentistry, Cardiovascular, Others (Gastroenterology, Rheumatology, Traumatology)
Companies covered (8):

Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, Inc., NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, Ra Medical Systems, Inc., SCHWIND Eye-Tech-Solutions GmbH & Co. KG, Crystal Laser Systems GmbH, Excel Technologies Inc., Elforlight Ltd., LTB Lasertechnik Berlin GmbH, Quanta System Inc., Quantel Laser (Lumibird), DEKA M.E.L.A. srl, Fotona, LLC, Syneron Medical Ltd., and Radiant Dyes Laser & Accessories.

Growth Drivers:
  • Approval and launch of new products
  • Increasing prevalence of skin disorders
Restraints & Challenges:
  • High cost of laser surgeries

Global Medical Laser Systems Market: Opportunities 

Increasing prevalence of diabetes is expected to offer lucrative growth opportunities for players in the global medical laser systems market. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Moreover, expansion in new regions is also expected to aid in growth of the market. For instance, in May 2020, LTB Lasertechnik Berlin GmbH established LTB Laser Technologies, Inc. in California, U.S. to expand its presence in North America.

Statistics:

The global medical laser systems market was valued at US$ 2,284.7 Mn in 2019 and is forecast to reach a value of US$ 5,884.3 Mn by 2027 at a CAGR of 12.6% between 2020 and 2027.

Figure 2: Global Medical Laser Systems Market Value (US$ Mn), 2016 – 2027

Medical Laser Systems  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the market focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, ELT Sight, Inc. acquired the IP and assets of MLase AG’s excimer ophthalmic laser system for glaucoma surgery.

Major players in the market are also focused on product launch to expand their product portfolio. For instance, in October 2018, Alcon Inc. launched software and hardware enhancements to the WaveLight Refractive Suite. The new software updates enhance the graphical user interface of the Suite's WaveNet Planning Station, EX500 Excimer Laser, and the FS200 Femtosecond Laser.

Global Medical Laser Systems Market: Competitive Landscape

Major players operating in the global medical laser systems market include, Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, Inc., NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, Ra Medical Systems, Inc., SCHWIND Eye-Tech-Solutions GmbH & Co. KG, Crystal Laser Systems GmbH, Excel Technologies Inc., Elforlight Ltd., LTB Lasertechnik Berlin GmbH, Quanta System Inc., Quantel Laser (Lumibird), DEKA M.E.L.A. srl, Fotona, LLC, Syneron Medical Ltd., and Radiant Dyes Laser & Accessories.

Global Medical Laser Systems Market: Key Developments

Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in January 2020, DEKA M.E.L.A. srl entered into an exclusive distribution agreement with Cartessa Aesthetics to market its aesthetic platform device, Luxea, a multi-modality intense pulsed light and laser platform system, in the U.S. 

Major players in the market are also focused on expanding their presence in new regions to enhance their market share. For instance, in October 2019, Lumibird started its Canadian subsidiary Lumibird Canada in Ottawa.

Medical Laser Systems are used in cosmetic surgery, refractive eye surgery, dental procedures, and general surgery such as tumor removal, cataract removal, breast surgery, plastic surgery and most other surgical procedures. Increasing prevalence of ophthalmic disorders, new product approvals along with increasing demand for aesthetic procedures is expected to drive the market growth during the forecast period. Moreover, increasing demand for aesthetic procedures along with adoption of expansion strategies from major manufacturers is also expected to assist the market growth.

Key features of the study:

  • This report provides in-depth analysis of the Global Medical Laser Systems market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Medical Laser Systems market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, Inc., NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, Ra Medical Systems, Inc., SCHWIND Eye-Tech-Solutions GmbH & Co. KG, Crystal Laser Systems GmbH, Excel Technologies Inc., Elforlight Ltd., LTB Lasertechnik Berlin GmbH, Quanta System Inc., Quantel Laser (Lumibird), DEKA M.E.L.A. srl, Fotona, LLC, Syneron Medical Ltd., and Radiant Dyes Laser & Accessories.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Medical Laser Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Medical Laser Systems market

Detailed Segmentation:

  • Global Medical Laser Systems Market, By Product Type:
    • Diode Lasers
    • Solid State (Crystal)
    • Gas Lasers
    • Dye Lasers
  • Global Medical Laser Systems Market, By Application:
    • Dermatology
    • Ophthalmology
    • Gynecology
    • Urology
    • Dentistry
    • Cardiovascular
    • Others (Gastroenterology, Rheumatology, Traumatology)
  • Global Medical Laser Systems Market, By Region:
    • North America
      • By Product Type:
        • Diode Lasers
        • Solid State (Crystal)
        • Gas Lasers
        • Dye Lasers
      • By Application
        • Dermatology
        • Ophthalmology
        • Gynecology
        • Urology
        • Dentistry
        • Cardiovascular
        • Others (Gastroenterology, Rheumatology, Traumatology)
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Diode Lasers
        • Solid State (Crystal)
        • Gas Lasers
        • Dye Lasers
      • By Application
        • Dermatology
        • Ophthalmology
        • Gynecology
        • Urology
        • Dentistry
        • Cardiovascular
        • Others (Gastroenterology, Rheumatology, Traumatology)
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Diode Lasers
        • Solid State (Crystal)
        • Gas Lasers
        • Dye Lasers
      • By Application
        • Dermatology
        • Ophthalmology
        • Gynecology
        • Urology
        • Dentistry
        • Cardiovascular
        • Others (Gastroenterology, Rheumatology, Traumatology)
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Diode Lasers
        • Solid State (Crystal)
        • Gas Lasers
        • Dye Lasers
      • By Application
        • Dermatology
        • Ophthalmology
        • Gynecology
        • Urology
        • Dentistry
        • Cardiovascular
        • Others (Gastroenterology, Rheumatology, Traumatology)
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Diode Lasers
        • Solid State (Crystal)
        • Gas Lasers
        • Dye Lasers
      • By Application
        • Dermatology
        • Ophthalmology
        • Gynecology
        • Urology
        • Dentistry
        • Cardiovascular
        • Others (Gastroenterology, Rheumatology, Traumatology)
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Diode Lasers
        • Solid State (Crystal)
        • Gas Lasers
        • Dye Lasers
      • By Application
        • Dermatology
        • Ophthalmology
        • Gynecology
        • Urology
        • Dentistry
        • Cardiovascular
        • Others (Gastroenterology, Rheumatology, Traumatology)
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Abbott Medical Optics, Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Alcon Inc. (Novartis AG)
    • Bausch & Lomb Incorporated
    • LENSAR, Inc.
    • NIDEK CO., LTD
    • iVIS Technologies
    • ZEISS International
    • Ziemer Ophthalmic Systems AG
    • Ra Medical Systems, Inc.
    • SCHWIND Eye-Tech-Solutions GmbH & Co. KG
    • Crystal Laser Systems GmbH
    • Excel Technologies Inc.
    • Elforlight Ltd.
    • LTB Lasertechnik Berlin GmbH
    • Quanta System Inc.
    • Quantel Laser (Lumibird)
    • DEKA M.E.L.A. srl
    • Fotona, LLC
    • Syneron Medical Ltd.
    • Radiant Dyes Laser & Accessories
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Country
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Medical Laser Systems Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Diode Lasers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Solid State (Crystal)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Gas Lasers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Dye Lasers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Medical Laser Systems Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Dermatology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ophthalmology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Gynecology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Urology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Dentistry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cardiovascular
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others (Gastroenterology, Rheumatology, Traumatology)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Medical Laser Systems Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Abbott Medical Optics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Alcon Inc. (Novartis AG)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bausch & Lomb Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • LENSAR, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NIDEK CO., LTD
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • iVIS Technologies
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ZEISS International
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ziemer Ophthalmic Systems AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ra Medical Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SCHWIND Eye-Tech-Solutions GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Crystal Laser Systems GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Excel Technologies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Elforlight Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • LTB Lasertechnik Berlin GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Quanta System Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Quantel Laser (Lumibird)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • DEKA M.E.L.A. srl
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Fotona, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Syneron Medical Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Radiant Dyes Laser & Accessories
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 14 figures on “Medical Laser Systems Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Medical Laser Systems market size was valued at US$ 2,284.7 million in 2019 and is estimated to exhibit a CAGR of 12.6% between 2020 and 2027.
Diode Lasers segment held the major market share in 2019 owing to an increasing product approvals is expected to propel growth of the market.
Major factor driving the growth of Global Medical Laser Systems market during the forecast period increasing prevalence of skin disorders, increasing research & development , increasing product approval, and adoption of expansion strategies from major companies.
Major factors hampering the growth of the Global Medical Laser Systems market during the forecast period constitutes of high cost of laser surgeries.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Abbott Medical Optics, Inc., Alcon Inc. (Novartis AG), Bausch & Lomb Incorporated, LENSAR, Inc., NIDEK CO., LTD, iVIS Technologies, ZEISS International, Ziemer Ophthalmic Systems AG, Ra Medical Systems, Inc., SCHWIND Eye-Tech-Solutions GmbH & Co. KG, Crystal Laser Systems GmbH, Excel Technologies Inc., Elforlight Ltd., LTB Lasertechnik Berlin GmbH, Quanta System Inc., Quantel Laser (Lumibird), DEKA M.E.L.A. srl, Fotona, LLC, Syneron Medical Ltd., and Radiant Dyes Laser & Accessories.
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