Medical Laser Systems: A Global Strategic Business Report
San Jose, CA (Vocus) September 8, 2010
Medical laser systems market is expanding at a steady rate worldwide. Currently, lasers are being extensively employed for diagnosis and treatment of a number of diseases, which hitherto were difficult to treat using traditional medicine. Lasers now offer wide applications in ophthalmology, oncology, cosmetic surgery, cardiology, dentistry, gynecology, dermatology, gastroenterology, diagnostics, and urology. They form an important part of several medical equipments currently available in the market. Lasers required for cosmetic surgery such as skin resurfacing, tattoo and hair removal among others are very popular, especially in developed countries. Electrosurgery is emerging as an exciting prospect for surgeons. Dental lasers market is expected to witness a significant increase in the next few years. Solid-state and diode lasers sales are being driven by significant growth in hair removal procedures. Use of lasers in the treatment of skin wrinkles and cellulite is increasing, driving the overall aesthetic lasers market. Rapid developments in fiber-laser technology are likely to create new potential avenues for its use in medicine and surgical applications in the coming years.
As stated by the new market research report on medical laser systems, the United States stands as the single most dominant global market for medical laser systems, trailed by Europe and Japan at the second and third positions, respectively. Together, the US and Europe account for a consolidated share of more than 80% of the world medical laser systems market. The global economic slowdown significantly impacted the sales of aesthetic, surgical and ophthalmic lasers within the diagnostics and medical therapy sector in 2009. Developing markets such as Asia-Pacific and Latin America are likely to race ahead of the other world markets by the year 2015. Overall demand for medical laser systems declined during the recession period owing to the expensive nature of laser-based procedures compared to their elective counterparts. However, laser based cosmetic surgeries continued to be in regular demand in the US despite the economic slowdown. The trend is a reflection on the significance placed on physical appearance, as well as reimbursement of such surgeries by insurance providers.
Surgical laser represents the largest segment accounting for a major share of the global medical laser systems market. Diagnostic lasers segment is projected to lead the medical laser systems market with the highest growth rate compounded through 2015.
The medical laser systems market is highly competitive and price sensitive. Market and technology leaders in the laser industry include established players having differentiated and unique products. Major market participants profiled in the report include Alcon, Inc, Bausch & Lomb Inc., BIOLASE, Biolitec, Coherent, Cutera, Dornier Medtech, Ellex Medical Lasers, IRIDEX, Palomar Medical Technologies, PhotoMedex and Syneron Medical and VISX, Inc. among several others.
The report titled “Medical Laser Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, product profile, market share data, technological developments, research & development, new product introductions, recent industry activity, and profiles of market players worldwide. Analysis is presented for major geographic markets such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Market analytics are provided in terms of dollar value for product segments including Surgical Lasers, Aesthetic Lasers, Ophthalmic Lasers, Diagnostic Lasers, Therapeutic Lasers, Accessories and Services. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.
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 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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