Medical Lasers Market - Share Assessments for the Regional and Country Level Segments
Global medical lasers market is forecasted to attain a size of $12.1 billion by 2023, P&S Intelligence
By: P&S Intelligence
In 2016, the market generated a revenue of $5.1 billion, and it is predicted to attain a size of $12.1 billion by 2023, progressing at a CAGR of 13.4% during 2017–2023 (forecast period). Medical lasers use sharp, focused light to remove or treat tissues. Laser is short for light amplification by stimulated emission of radiation.
Based on product, the medical lasers market (http://bit.ly/
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On the basis of application, the medical lasers market is mainly classified into dermatology, dentistry, urology, and gynecology. Among these, during the historical period (2013–2016)
People are now ready to spend good money on medical procedures to improve their appearance and look younger. As per the United States Census Bureau, out of the 289.0 million people in the U.S., around 121.0 million need some form of vision correction. Similarly, as per the American Academy of Facial Plastic and Reconstructive Surgery, approximately 80.0% of board-certified facial plastic surgeons reported a rise in the number of non-invasive cosmetic procedures, as consumers are looking forward to delay the effects of aging.
Thus, it can be concluded that the growing popularity of medical esthetics treatments and technological developments are playing a significant part in the growth of the market.