Medical Lasers Market is Forecasted to Attain $12.1 Billion by 2023: P&S Market Research

NEW YORK, March 29, 2018 -- According to P&S Market Research, Medical lasers market is forecasted to attain a size of more than $12.1 billion by 2023, at a CAGR of more than 13.4% during the forecast period. Some of the key factors driving the growth of the market are increasing demand of medical lasers from cosmetic industry, rise in the aging population, growing technological advancements and increasing prevalence of chronic diseases.

Request for Sample Pages: https://www.psmarketresearch.com/market-analysis/medical-lasers-market/report-sample

Based on products offered, the medical lasers market is categorized as solid-state laser systems, gas laser systems, dye laser systems, and diode laser systems. Diode laser systems are expected to witness fastest growth in demand, at a CAGR of 16.6% during the forecast period. Among different types of solid-state laser systems, Ho:YAG systems, Er:YAG systems and potassium titanyl phosphate laser systems together held 39.8% share in 2016, which is still less than the contribution of Nd:YAG systems.

The APAC medical lasers industry is expected to witness the fastest growth in demand, at a CAGR of 15.2% during the forecast period, due to increasing healthcare expenditure, growing medical tourism, and increasing awareness on technologically advanced laser treatments. Emerging economies in Asia-Pacific are experiencing a significant increase in the use of cosmetic treatments driven by factors such as expanding middle class population with increasing disposable income and increasing awareness about skin treatments.

Some of the other factors driving the APAC medical lasers market are increasing geriatric population and increasing disposable income. According to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the share of people aged 65 years and above occupies approximately 11.4% of population in 2013 and is estimated to reach approximately 20.0% of the total population by 2050, in Asia-Pacific. According to the National Institutes of Health (NIH), approximately 110 million people in China were aged 65 years and above in 2011, and the number is expected to reach 330 million by 2050.

Browse Full Report with detailed TOC on “Medical Lasers Market” at: https://www.psmarketresearch.com/market-analysis/medical-lasers-market

Globally, key players in the medical lasers industry are focusing on technological advancements and acquisitions to gain a larger share in the market. For instance, in May 2016, Syneron Medical Ltd.’s PicoWay picosecond laser received the USFDA clearance for ultra-short 785nm wavelength. Similarly, in the same month, Lumenis Ltd. launched Pulse 100H, Pulse 50H and Pulse 30H holmium laser solutions, providing a range of laser systems in urology treatments.

Some of the major players in the global market include Biolase Inc., Boston Scientific Corporation, Cryolife Inc., Ellex Medical Lasers Limited., Lumenis Ltd., Photomedex, Inc., The Spectranetics Corporation, Syneron Medical Ltd., Novartis AG and Valeant Pharmaceutical International, Inc.

More Reports Published by P&S Market Research

X-Ray Imaging Market

The global x ray imaging market was valued at $8,897.3 million in 2015, and it is expected to grow at a CAGR of 4.9% during 2016-2022. Based on portability of x-ray imaging devices, the portable x-ray segment is expected to witness the faster growth, CAGR of 7.2%, during the forecast period.

https://www.psmarketresearch.com/market-analysis/x-ray-imaging-market

Patient Handling Equipment Market

The global patient handling equipment market is growing at a significant rate due to increasing healthcare expenditure, increasing risk of injuries to caregivers during patient handling and growing geriatric population. The increasing prevalence of chronic diseases and advancements in technology has led to the development of easy to handle and powered patient handling equipment. And the improving healthcare infrastructure in developing countries are also driving the growth of the global patient handling equipment market.

https://www.psmarketresearch.com/market-analysis/patient-handling-equipment-market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
P&S Market Research

347, 5th Ave. #1402

New York City, NY - 10016

Toll-free: +1-888-778-7886 (USA/Canada)

Email: [email protected]

Web: https://www.psmarketresearch.com

Connect with us: LinkedIn | Twitter | Google + | Facebook