Medical Lasers Market Is Estimated Close To $3.5 Bn In 2020 And Is Expected To Grow At A Cagr From 8-12% During 2020-2025

By Author: Tejashri
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Medical lasers treat or remove tissues by using precisely focused light sources. These are utilized during general surgeries, dental procedures, refractive eye surgery, and cosmetic surgeries. Additionally, radiotherapy uses medical lasers for patient positioning.

Global Medical Lasers Market is estimated close to $3.5 Bn (2020). Market segments are growing at a CAGR from 8-12% through 2020-2025. An ageing population, expanding medical and aesthetic procedures, and technology developments are the main drivers of the growth.

The medical lasers market is driven by the growing prevalence of ophthalmic, dermatology, and dental disorders
Demand for medical lasers is expected to grow as the prevalence of various disorders increases. One of the key segments is ophthalmic, and it is growing as a result of the increased incidence of cataracts/glaucoma/age-related macular degeneration (AMD). According to the CDC statistics, ~17% of the people over 40 years of age in the U.S. suffer from cataract conditions (~21 million population). The incidence of cataracts is projected to reach 30 million by 2028 in the U.S. Additionally, ...
... according to the International Agency for the Prevention of Blindness, the number of people suffering from age-related macular degeneration (AMD) will grow from 196 million in 2020 to 288 million by 2040.

Technological advancements are driving the demand for medical lasers
Medical laser companies are consistently launching innovative products with new features and applications.

For instance
Norlase (HQ: Denmark/US), has developed a medical laser with 1/10th of the size of competing products, is battery-powered, and has voice control features. Such technological advancements have helped broaden the adoption of medical lasers.

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COVID-19 underscored the importance of Laser-assisted dentistry
The American Dental Association (ADA) has suggested 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 usage of medical lasers can reduce aerosol production.

For instance,
Biolase, a dental lasers company - claims to generate 98% less aerosol than dental handpieces. This is likely to increase the demand for dental lasers by the dental practices.

“In this new age, an aerosol reduction is of the highest importance making dental lasers a vital tool for dentists. Driven by COVID-19 pandemic, the medical lasers market will witness rapid adoption of dental lasers” – Global Product Manager, Leading Dental Laser Company

Competitive Landscape Analysis of Medical Lasers Market
The global medical lasers market is competitive and fragmented. Some of the key players in the medical lasers 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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