Medical Laser Systems Market to Reach US$5.8 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Lasers revolutionized aesthetic and medical sectors with several new innovative applications. They have substituted scalpels and other equipment and tools in several modern surgical procedures in the medical sector while they are increasingly being used in aesthetic procedures such as skin tightening and resurfacing, hair removal and wrinkle removal. Spurred by their widespread use in cosmetic and surgical procedures, the world medical laser systems market is expected to reach US$5.8 billion by 2010.
San Jose, CA (PRWEB) July 9, 2007 -- "Medical Laser Systems: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, technological developments, research and development activity, recent developments, regulatory approvals, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and the Middle East. Historic and current and future analytics are provided in terms of product segments including Surgical Lasers, Aesthetic Lasers, Ophthalmic Lasers, Diagnostic Lasers, Therapeutic Lasers, and Accessories & Services.
Growing use of lasers in surgical and ophthalmic applications, as well as higher number of cosmetic procedures, continues to drive the medical lasers market. Prospects for laser application in cosmetic skin resurfacing appear all the more brighter with growing desire for 'preservation of youth' among the baby boomer generation. This segment of the population is prepared to spend more of its disposable income on solutions that delay the aging process. The application of Laser Vision Correction is expected to increase further following FDA approval of advanced lasers for PRK. Lasers are increasingly being used as powerful experimental tools for the treatment of strokes. The process of laser tissue welding and soldering, still undergoing research, offers a viable option to conventional sutures. Other crucial and promising emergent medical laser applications and technologies receiving much attention include treatment of skin disorders such as psoriasis and acne. Increasing pressure from manufacturers seeking solutions to growing requirements for enhanced precision, quality, speed, throughout, flexibility, automation and reduced maintenance and operating expenditure are driving the market.
United States is the largest market for medical laser systems worldwide at an estimated US$2.4 billion in 2007. Europe is the second largest market followed by Japan at a distant third. United States and Europe together account for about 82 percent of the global share. The global and regional markets are expected to grow at CAGRs ranging between 9% and 13%. Surgical lasers market represents the largest segment with sales estimated at US$1.3 billion in 2007. Aesthetic lasers market is expected to reach close to US$1 billion by 2010. Ophthalmic lasers market is projected to grow at a CAGR of 6% through 2010.
The global marketplace is relatively concentrated and characterized by several well-established players. Leading market participants include Alcon, Bausch & Lomb, BIOLASE Technology, Candela, Cardiogenesis, Carl Zeiss Meditec, Coherent, Cutera, Diomed, Dornier Medtech, EL.EN. S.p.A/Cynosure, Ethicon Endo-Surgery, Ellex Medical Lasers, Iridex, Laserscope, LaserSight Technologies, Lumenis, Lynton Lasers, Nidek Co, Palomar Medical Technologies, PhotoMedex, PLC Medical Systems, Spectranetics, Syneron Medical Ltd, Trimedyne, VISX Inc and WaveLight. The market also includes smaller, niche players such as Reliant Technologies, Thermage Inc and Radiancy Inc.
For more details about this research report, please visit www.strategyr.com/MCP-3339.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site www.StrategyR.com
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