The main driver of the global laser therapy market is the growing demand for cosmetic surgery. The American Society of Plastic Surgery estimates that 1.8 million cosmetic procedures and 15.5 million minimally invasive cosmetic procedures were performed in 2016 alone. Other market drivers include rising aging populations, increasing age-related complications of eye diseases, and penetration of laser pointer treatment clinics. Taking into account all these factors, the global laser therapy market is expected to reach US $ 9.97 billion by the end of 2023, and the average annual compound growth rate of the market during 2017-2023 will reach 12.2%.
Global medical laser system market forecast. The global medical laser system market size reached 4.9 billion US dollars. With the increasing demand for non-invasive cosmetic plastic surgery, and the increasing awareness of the safety of these procedures, coupled with technological advancements, etc., will promote the growth of the industry. In addition, with the continuous increase of eye diseases, the improvement of aesthetic requirements and the continuous growth of applications in obstetrics and gynecology, it is expected to promote the development of the industry in the next few years. However, the risks associated with these surgeries, such as infections, scars, bleeding, and changes in skin color, are expected to be the constraints that hinder the growth rate of the industry.
According to a survey conducted by the American Academy of Aesthetic Plastic Surgery (ASAPS), American people spend more than $ 13 billion on cosmetic treatments, such as slimming, acne prevention, and skin surface reconstruction. It is expected that during the forecast period, the demand for these applications will further promote the development of the global medical laser system market.
Medical laser system products and market scale. The main products in the laser medical system market include diodes, solid state, gas and dye green laser pointer. Due to the different applications in beauty treatments and photokinetic therapy, diode lasers, which accounted for the largest market share in 2014, are expected to occupy a dominant market position in the next few years. Due to the high utilization rate in the field of dermatology, the solid-state laser market is expected to grow at a compound annual growth rate of more than 12.0% in the next five years. This market segment is further divided into carbon dioxide, argon, krypton, metal vapor, helium-neon, and excimer lasers, which are widely used in periodontology, tattoo removal, skin treatment, and varicose vein removal treatment.
According to different applications, the medical laser system market can be divided into ophthalmology, gynecology, dermatology, urology, dentistry, and cardiology. Due to the increasing demand for aesthetics, dermatology dominates the medical laser system market. It is expected that the increased level of patient consciousness, the popularity of minimally invasive and non-invasive treatments, and the increasing demand for cosmetic applications (such as skin tightening, skin restoration and slimming, etc.) are also expected to become a huge growth in this market. driving force. In addition, especially in emerging market countries, the incidence of skin cancer and other skin diseases such as acne, dermatitis, psoriasis, and skin warts, moles, and skin damage is expected to provide huge business opportunities for the future development of the medical laser market.