Medical Laser Systems: A Global Strategic Business Report
San Jose, California (PRWEB) November 10, 2011
Follow us on LinkedIn – The sales of medical laser systems were significantly affected due to the global economic downturn, as customers opted to spend on essential treatments and avoided elective procedures such as laser and cosmetic treatments in view of reduced budgets. Majority of the medical laser segments including ophthalmic lasers, aesthetic lasers, and biomedical diode lasers witnessed eroded sales following the slip in demand. However, surgical laser market exhibited a relatively stable performance during the slowdown period backed by reimbursement offered by major insurance providers.
In the long run, medical laser equipment business is projected to grow with increase in number of people opting for applications such as body sculpting, removal of pigmented or vascular lesions and skin rejuvenation. In recent years, several key developments in laser technology have created a plethora of applications in the medical field. Currently, lasers are being extensively employed for diagnosis and treatment of a number of diseases. Lasers now offer wide applications for noninvasive applications such as hair removal, skin rejuvenation, photodynamic therapy, selective laser trabeculopasty, and low-level laser therapy. Sales of medical laser systems are also being spurred by rapid growth in end-use applications such as hair removal, wrinkle removal, benign prostatic hyperplasia (BPH), and vision correction. Non-invasive methods of body contouring and fat reduction are gaining popularity and latest advancements such as Transdermal Focused Ultrasound, Monopolar RF, Low level laser, High Intensity Focused Ultrasound (HIFU) and Cryolipolysis are being used for the treatment of patients. Furthermore, latest developments such as fractionated treatments are vastly improving procedures for treating skin.
As stated by the new market research report on Medical Laser Systems, the US represents the single largest regional market worldwide. Propelled by increased usage of laser equipment for minimally invasive treatments and cosmetic therapies, market segments such as diagnostic lasers, surgical, therapeutic lasers, and aesthetic lasers are witnessing increased demand. Asia-Pacific represents the fastest growing regional market with a CAGR of 11.7% over the analysis period. Improved healthcare awareness, increased government budgets for healthcare and growing usage of cosmetic lasers in countries such as Korea are contributing to the increased demand for laser equipment in the region.
Product wise, Surgical Lasers segment accounts for a major share of the overall sales, while Diagnostic Lasers segment is forecast to grow at the fastest compounded annual growth rate during the analysis period. Home use lasers are gaining prominence with companies developing laser equipment targeting customers at MedSpa and at home. A large chunk of people who prefer affordable yet efficient treatment are driving the demand for home use lasers. These lasers are primarily aimed at people who desire more effective treatments that are not as costly as cosmetic procedures conducted at cosmetologist’s offices. Home use lasers are used to treat wrinkles, lines, skin texture, acne and also for rejuvenation of skin.
Major players in the marketplace include Alcon Inc., Bausch & Lomb Incorporated, BIOLASE Technology Inc., Biolitec AG, Cardiogenesis Corporation, Carl Zeiss Meditec AG, Cutera Inc., Dornier Medtech GmbH, Cynosure Inc., Ellex Medical Lasers Limited., Ethicon Endo-Surgery Inc., IRIDEX Corporation, LaserScope, LaserSight Technologies Inc., Lumenis Ltd, Palomar Medical Technologies Inc., PhotoMedex Inc., PLC Medical Systems Inc., Radiancy Inc., Spectranetics Corporation, Syneron Medical Ltd., Candela Corporation, Trimedyne Inc., VISX Inc., and WaveLight AG.
The research report titled “Medical Laser Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for product segments Surgical Lasers, Aesthetic Lasers, Ophthalmic Lasers, Diagnostic Lasers, Therapeutic Lasers, and Accessories & Services, across geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, and Latin America.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Medical_Laser_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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