Medical Laser Market to hit USD 18.7 Billion by 2032, says Global Market Insights Inc.
Medical Laser industry is anticipated to register 14.5% CAGR between 2023 and 2032 due to rising demand for minimally invasive surgical procedures.
Selbyville, Delaware, Jan. 19, 2023 (GLOBE NEWSWIRE) —
The medical laser
Use of technologically advanced laser techniques across hospitals
Medical laser market from the hospital end-use segment accounted for over 32% in 2022. The usage of medical lasers in hospitals has accelerated as it lowers post-operative complications and enhances patient outcomes. Hospitals are these days equipped with technologically advanced laser equipment and qualified medical staff to operate these systems. The availability of effective treatment options, well-developed healthcare facilities, and improved after-operation care will encourage patients to opt for laser surgeries across hospitals.
Robust investments by leading players in the APAC
Asia Pacific medical laser market value is expected to surpass USD 4.7 billion by the year 2032. Due to lower manufacturing and labor costs, several market players in the region are investing more in the development of advanced medical laser systems. The early adoption of cutting-edge technologies is motivating prominent companies to initiate strategic activities in the region which is projected to support market scenario.
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Business expansion activities to augment medical laser industry landscape
Alcon AG, Sisram Medical Ltd (Alma Lasers), Bausch Health Companies, Inc. (Bausch & Lomb), Boston Scientific Corporation, BIOLASE, Syneron Medical (Syneron Candela), Cynosure, Ra Medical Systems, Dentsply Sirona, Fotona, Koninklijke Philips N.V., Topcon Corporation, IRIDEX Corporation, and Cutera Inc. are some of the leading players in global medical laser market. Companies in this sector are initiating new business outlook activities.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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