Global Medical Laser Systems Market projected to reach $15.89 billion by 2033, driven by new products and healthcare spending
From GlobeNewswire: 2024-06-21 01:00:00
The Global Medical Laser Systems Market is projected to grow from USD 4.6 billion in 2023 to USD 15.89 billion by 2033, at a CAGR of 13.20%. Laser systems are widely used in urology, cardiology, and ophthalmology for treatment, prevention, and diagnosis. Factors driving market growth include new products, aging population, and rise in healthcare spending.
Solid-state laser systems are expected to hold the largest share of the global medical laser systems market, generating precise and regulated output wavelengths for medical treatments. The surgical laser segment is estimated to have the largest revenue share due to the rising number of surgical procedures and continuous technical advancements.
The hospital segment is predicted to see the highest revenue share growth in the medical laser systems market, with medical lasers being used in major procedures like inpatient tumor removal. North America is expected to dominate the market due to a specialized healthcare infrastructure and significant spending on healthcare. Asia Pacific is forecasted to grow rapidly due to increasing awareness and advancements in healthcare.
Major vendors in the global medical laser systems market include Lumenix, Philips Healthcare, BIOLASE Inc., and Boston Scientific Corporation. Recent developments include BIOLASE partnering with Pet Dental Services. Market segments include product type, application, and end-user, with regional analysis covering North America, Europe, Asia Pacific, and more.
Overall, the Global Medical Laser Systems Market is set for significant growth driven by factors such as new products, growing surgical procedures, and increased healthcare spending. North America leads the market, while Asia Pacific is expected to grow rapidly. Major vendors include Lumenix, Philips Healthcare, and BIOLASE Inc.Industry segments include product type, application, and end-user, with detailed regional analysis.
Read more at GlobeNewswire: Global Medical Laser Systems Market Size To Worth USD 15.89