Fiber Laser Emerging as Promising Tool in Medical Laser Systems Market During 2020 - 2030, Valuation to Touch US$ 8.5 Bn by 2030, Finds TMR

Fiber Laser Emerging as Promising Tool in Medical Laser Systems Market During 2020 - 2030, Valuation to Touch US$ 8.5 Bn by 2030, Finds TMR

PR Newswire

ALBANY, New York, June 3, 2020

ALBANY, New York, June 3, 2020 /PRNewswire/ -- In healthcare systems, a bevy of applications of laser technology drive evolution of medical laser systems market. The applications notably include cancer therapy, cardiovascular treatment, dermatology, dentistry, and ophthalmology.

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Expanding science behind photonics is fueling strides in the adoption of solid state lasers, and will enable numerous collaborations between medical and research institutes, concede analysts.

The medical laser systems market stood at ~US$ 2 bn in 2019. The medical sector is seeking to utilize the potential of new laser technologies in the diagnosis of COVID-19. Extensive research and development activities will help the market to garner CAGR of CAGR of ~12%, and reach valuation of ~US$ 8.5 Bn by 2030-end.

Key Findings of Medical Laser Systems Market Report

Explore 230 pages of top-notch research, incisive insights, and detailed country-level projections of Medical Laser Systems Market (Product Type: Gas Lasers, Solid-state Lasers, Fiber Lasers, Diode Lasers, Femtosecond Lasers, and Others; Application: Ophthalmology, Cosmetic/Dermatology, Dentistry, Cancer Therapy, Cardiovascular, and Others; and End User: Hospitals, Ambulatory Surgical Centers, and Specialized Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/report-toc/324

Medical Laser Systems Market: Key Driving Factors and Promising Avenues

Over the past few years, continuous strides have been made by laser technology, and the medical sector has been one of the applications that have remained untouched. Following trends and patients preferences underpin the generation of new revenue streams in the medical laser systems market:

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Medical Laser Systems Market: Regional Assessment

Of all, North America has been promising region in global medical laser systems market. The medical industry has been early adopters of technological advances in lasers, and this is evident from the substantial pace of adoption for cardiovascular diseases, cosmetic, cancer therapy, and orthopedic surgeries. The U.S. has witnessed a rapid rise in cosmetic surgeries, where medical laser systems have been key to better clinical outcomes. Such factors ensure that in coming years, the growth of the North America market will be promising.

Meanwhile, proliferating demand for laser-based cosmetic surgeries in parts of Asia Pacific, particularly Southeast Asia, has been key to promising revenues in the medical laser systems market.

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Medical Laser Systems Market: Key Impediments

The recent COVID-19 pandemic lockdowns has critically dampened the demand for medical laser systems. Both in hospital setting and other clinical settings, patients undergoing laser surgeries has dipped rapidly in recent months. On the other hand, the same novel coronavirus is proving to be a promising avenue for large revenue generation. The demand for COVID-19 diagnostics is attracting research and development initiatives in this direction, thus expanding the horizon of the medical laser systems market.

Global Medical Laser Systems Market: Segmentation

Explore Transparency Market Research's award-winning coverage of the global healthcare industry:

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