Medical lasers offer a high level of accuracy during surgical procedures, while reducing damage to surrounding tissue. Factors such as increasing preference for minimally invasive procedures, increased incidence of eye disorders and increased number of cosmetic procedures are contributing to market growth. However, the high costs associated with acquiring and installing medical laser systems and stringent safety standards can be a challenge for the market.

Medical Laser Systems Market Size and Growth Rate:

Medical Laser Systems Market was valued at USD 5013 million in 2016 and projected to reach USD 11480 million by 2023 growing at a CAGR of 12.4% during the forecast period 2017 to 2023.

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Key Findings of the Medical Lasers Market:

• The dentistry segment is anticipated to grow at the highest rate during the forecast period.
• North America accounted for nearly half of the share of the total market and acquired a dominant position in 2016.
• In 2016, the ophthalmology segment accounted for a share of nearly one-fourth of the global medical lasers market.
• The solid-state laser systems segment accounted for a share of nearly one-third of the global market in 2016.

Medical Laser Systems Market Growth Drivers and Restraints:

The purchase of a laser system requires significant upfront investment and a careful review of the laser specifications for the use case. Other factors that may hinder market growth include strict security rules. Need for qualified staff and regular maintenance offer opportunities in this field.

Geographical Overview of Medical Laser Systems Market:

However, the plausible existence of untapped growth opportunities in Asia Pacific countries is expected to spur future growth. The strategic expansion of key players in this region due to reduced labor and manufacturing costs and the greater adaptability of technological advances will likely help the medical laser market to achieve the fastest growth next seven years.

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Key Players of Medical Laser Systems Market:

Some of the leading market players operating in Medical Laser Systems Market are Lumenis, Cynosure, Alma Laser, Topcon, Dornier MedTech, Spectranetics, BioLase, Fotona, Syneron Candela, Quanta System and others.

Medical Laser Systems Market Segmentation:

By Type:

• Diode Laser Systems
• Solid State Laser Systems
• Gas Lasers Systems
• Dye Lasers Systems

By End-User/Application:

• Aesthetic
• Surgical
• Ophthalmology

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Key Takeaways from this Report:

• For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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