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Global Medical Lasers Market valued close to $3.5 billion (2020), is growing at a CAGR from 8 to 12%
The global Medical Lasers Market growth is driven by growing medical/aesthetic procedures, technological advancements, and an aging population.
The global medical lasers market is driven by the growing prevalence of ophthalmic, dermatology, and dental disorders.
Demand for medical lasers is expected to grow as the prevalence of various disorders increases. Ophthalmic is one of the major segments and its growth is driven by the rising incidence of cataracts/glaucoma/
Technological Advancements are driving the demand for Medical Lasers Market
Medical laser companies are consistently launching innovative products with new features and applications. For instance, Norlase (HQ: Denmark/US), has developed a medical laser with 1/10th of the size of competing products, is battery-powered, and has voice control features. Such technological advancements have helped broaden the adoption of medical lasers.
COVID-19 underscored the importance of Laser-Assisted Dentistry
The American Dental Association (ADA) has recommended reducing aerosol production to help prevent transmission of the virus during dental procedures. Many dental practices use traditional high-speed handpieces that produce an aerosol. The use of medical lasers can reduce aerosol production. For instance, Biolase, a dental lasers company - claims to generate 98% less aerosol than dental handpieces. This is likely to increase the demand for dental lasers by the dental practices.
"In this new age, an aerosol reduction is of the highest importance making dental lasers a vital tool for dentists. Driven by COVID-19 pandemic, the market will witness rapid adoption of dental lasers." – Global Product Manager, Leading Dental Laser Company
Competitive Landscape Analysis: Medical Lasers Market
The global medical lasers market is highly competitive and fragmented. The key players operating in the medical lasers market are Lumenis, Dentsply Sirona, Alcon, Iridex, Biolase, AMD Lasers, Boston Scientific, Bausch & Lomb, Cutera, Cynosure, Syneron-Candela, Zeltiq (part of Allergan), Ellex, Ziemer, Nidek, Lap Lasers, and Cypra, among others.
Get Customized Research Report on Global Medical Lasers Market @ https://meditechinsights.com/