According to the research report titled ‘Medical Laser Market Size By Product (Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Diode Laser Systems) By Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiology, Gastroenterology), By End-use (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global medical laser market is likely to exceed a valuation of USD 10 billion by the year 2025.
 

Rising cognizance regarding aesthetic appeal in tandem with widespread adoption of cosmetic surgeries are fueling global medical laser market growth. Growing demand for minimally invasive surgical procedures and technological breakthroughs in medical laser systems are also stimulating the overall industry outlook.
 

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Favorable government regulations and reimbursement policies for laser procedures along with improving healthcare infrastructure are augmenting global medical laser market remuneration.
 

Based on product type, the report cites that gas laser systems segment generated revenues worth USD 900 million in 2018 and is expected to showcase similar growth throughout the study period. This can be attributed to the rising adoption of the product in surgeries that involve risk of considerable blood loss. Gas laser systems are known to be highly precise and less intrusive for surgeons and patients, which in turn is fueling the segmental share.
 

Elaborating on the application spectrum, global medical laser market share from urology segment is predicted to expand with a CAGR of 16% through 2025. Technological developments in benign prostatic hyperplasia and lithotripsy has allowed surgeons to offer better speed, accuracy, and efficiency. In addition to this, increased pervasiveness of urological disorders are facilitating the overall business scenario.
 

Citing the end-user landscape, the report claims that ambulatory surgical centers segment accounted for 15% market share in 2018 and is likely to witness consistent growth throughout the study period. Ambulatory surgical centers are known to offer minimally invasive surgeries, thereby adding traction to the overall market size.
 

From the regional point of view, Asia-Pacific medical laser industry is likely to surpass the USD 2 billion mark by the year 2025, primarily driven by flourishing medical tourism in the region. Availability of cost effective treatment options in Malaysia, South Korea and India, escalating health expenditure, and increasing awareness are swaying the business dynamics in Asia-Pacific.
 

The competitive landscape of global medical laser market is defined by companies such as Sisram Medical Ltd., Topcon Corporation, Ra Medical Systems Inc., Lumenis, Koninklijke Philips N.V., Fotona, Dentsply Sirona, Cynosure, Candela Laser Corporation, Biolase Inc., Bausch + Lomb, American Medical Systems Inc., Alma Lasers Ltd., and Alcon Laboratories Inc. among others.