Global Medical Laser Systems Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, New York ,USA (PRWEB) November 22, 2013
According to a new market report published by Transparency Market Research "Medical Laser SystemsMarket (CO2 Laser, Excimer Laser, Ho:Yag Laser, Nd:Yag Laser, Dye Laser, Solid State Laser and Gas Laser, Ophthalmology, Dermatology, Urology and Cardiovascular) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global market for medical laser systems was valued at USD 909.0 million in 2011 and it is expected to reach an estimated value of USD 2.0 billion in 2018, growing at a CAGR of 12.5% from 2012 to 2018.
Browse the full report with TOC at http://www.transparencymarketresearch.com/medical-laser-systems-market.html.
Global aging population and continued rise in age-related eye disorders are some of the major drivers of the global medical laser systems market. Other factors driving the growth of the global market include increasing accessibility of advanced laser treatments to patients around the world and growing importance of aesthetics. Emerging economies such as the BRICS nations (Brazil, Russia, India, China and South Africa) are witnessing a rise in the disposable income of patients leading to better affordability for costly laser treatments. This coupled with unmet medical needs in emerging economies such as China and India will serve the market as future growth opportunities.
In 2011, diode lasers market held the largest share and is expected to maintain its position throughout the forecast period. This position is majorly attributed to their use in an array of medical applications such as photodynamic therapy and numerous aesthetic treatments. Solid state laser segment is expected to grow at the fastest CAGR during 2012 to 2018 as this laser has several variants, each of which finds specific application in medical treatments such as periodontology, tattoo removal, skin treatment and vein removal.
In the medical laser systems market by applications, the dermatology segment held majority of global market share in 2011, followed closely by the ophthalmology application segment. The market share in both the segments is expected to decrease marginally during the forecast period because of the rise in laser applications in other segments such as cardiovascular, attributed to the increase in prevalence of heart diseases and the development of cost effective treatment techniques.
Related Report : Aesthetic Lasers And Energy Devices Market
Lasers produce parallel, monochromatic and coherent beams of light of specific frequency by the process of stimulated emission. This report includes the market estimation of the global medical laser systems market for the forecast period 2012 – 2018 in terms of USD million, considering 2011 as the base year. Furthermore, the market trends, drivers, restraints, future opportunities and recent developments have been taken into account while forecasting the market growth and revenue for the period 2012 – 2018.