Market.Biz delivers in-depth insights on the global medical laser systems market in its upcoming report titled, “Global Medical Laser Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global medical laser systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the global medical laser systems market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the global medical laser systems market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical laser systems market report has been segmented on the basis of product, application, end use, and region.
Medical laser system consists of a wide variety of monochromatic light with a specific wavelength that has strong emission, and is highly concentrated. The characteristics of laser light are defined by its power, wavelength, and pulsed or continuous wave operation. Laser light is best known for its laser tissue interaction: photothermal reactions, photochemical reactions, and photoablation. Moreover, medical laser systems are used in medical diagnosis and treatments such as photodynamic therapy, laser-assisted procedures, photomedicine, and light therapy. Furthermore, medical lasers are used in a broad range of applications such as dermatology, ophthalmology, gynecology, dentistry, and many more.
Rising demand for advanced laser-based treatments for eye disorders, and increasing use of medical laser treatments in fields of gynecology & dentistry are major factors contributing to growth of the global medical laser systems market. In addition, increasing incidence of eye disorders over the globe coupled with increase in geriatric population are other factors driving growth of the global medical laser system market.
However, high rate of failures in treatments is a key factor restraining growth of the global medical laser system market. Additionally, stringent safety regulations internationally, for medical laser based products and services are other factors expected to impact growth of the global medical laser systems market.
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North America is expected to account for largest market share in terms of revenue as compared to other regions owing to factors such as rising incidence of chronic diseases such as obesity and diabetes. Europe is accounted for second largest revenue share contribution to the global medical laser systems market followed by Asia Pacific. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to rising demand for advanced medical treatment in the region over the forecast period.
Key players in the global medical laser systems market include, Photomedex, Inc., Lumenis Ltd., Ellex, Medical Lasers Ltd., Spectranetics Corporation, Novartis AG, Cardiogenesis Corporation, Biolase Inc., Boston Scientific Corporation, Bausch & Lomb Holdings, Inc., and Syneron-Candela.