Market Snapshot:
Medical laser technology generates light through a process of optical amplification based on the stimulated emission of electromagnetic radiation. It is used in applications such as surgical, diagnostic cosmetic, and therapeutic. Besides, the technology is used in various areas such as ophthalmology, urology, dermatology and cardiovascular diseases. Medical laser system exists in several forms and its major types include dye laser system, solid state laser system, diode laser system, and gas laser system. Diode laser systems are used for effective treatment of hair and skin. Solid state laser systems are used in eye surgery, tattoo removal, dentistry, treatment of vein related diseases, and skin treatment.
Market Drivers
- Rising aging population and increasing eye related diseases
- Rising awareness about therapeutic, surgical applications of medical lasers
Market Trend
- Emerging trends of Cosmetic Laser Treatment
Restraints
- High cost treatment and side effects associates
Opportunities
The increase in the adoption of consumer electronic devices in healthcare industry
Players Covered in the Study are:
Lumenis Ltd. (Israel), PhotoMedex Inc. (United States), Spectranetics Corporation (United States), BIOLASE, Inc. (United States), Iridex Corporation (United States), Novadaq Technologies Inc. (Canada), AngioDynamics Corp. (New York), Syneron Medical Ltd (United States), IRIDEX Corporation (United States) and Alcon Laboratories, Inc. (Switzerland)
The Global Medical Laser Technology market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
In September 2021- Boston Scientific acquisition with the global surgical business of Lumenis LTD., a privately-held company that develops and commercializes energy-based medical solutions, from an affiliate of Baring Private Equity Asia (BPEA). The Lumenis LTD. business includes premier laser systems, fibres and accessories for surgical procedures.
What can be explored with Medical Laser Technology study:
Where Medical Laser Technology industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Players
Where Players should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Cardiogenesis Corporation (United States), American Medical Systems, Inc. (United States) and Bausch & Lomb Holdings, Inc. (United States).