The Global CO2 Medical Laser Systems Industry is poised for significant growth, with a forecasted market valuation of US$ 1,426.59 million by the end of 2033. In 2023, the market size is expected to reach US$ 550.01 million, with a robust compound annual growth rate (CAGR) of 10%.
The World Health Organization (WHO) reports that non-communicable diseases are responsible for approximately 74% of global deaths, equating to around 40 million fatalities worldwide. Unhealthy lifestyle-related disorders such as high blood pressure, obesity, and diabetes contribute to a significant portion of these non-communicable diseases. Notably, in 2021, cardiovascular diseases alone accounted for 17 million deaths, comprising 32% of the global death rate, with 85% of these fatalities attributed to stroke and heart attacks.
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Some key growth drivers for the Global CO2 Medical Laser Systems Industry include:
- Cost savings and additional benefits to patients
- improved healthcare
- cutting-edge technologies
- sophisticated devices
- Breakthrough medicines
- Individualized care
In addition, medical tourism is becoming increasingly popular, with people traveling to different countries for better treatment at affordable prices. Cosmetic surgery is a popular choice in medical tourism. Destinations such as Brazil, Japan, Italy, Mexico, Russia, India, Turkey, Germany, and France are the top choices for individuals seeking such procedures.
Key Takeaways
- The increasing demand for non-invasive and minimally invasive procedures is a key driver of market growth.
- The dermatology segment dominates the market due to the rising demand for esthetic procedures and products.
- The veterinary segment is expected to exhibit the fastest growth due to the increasing adoption of laser systems by veterinary care providers.
- The Asia Pacific region is anticipated to witness significant growth in the CO2 medical laser systems market due to the increase in aesthetic clinics and rising disposable income.
Although, the high cost of CO2 medical laser systems and the availability of alternative treatment options may restrain the market growth.
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Competitive Landscape
Global manufacturers of medical laser systems are ramping up their production processes and introducing cost-effective solutions to meet the rising demand for these systems. Leading companies are also focusing on improving the quality of their products to cater to various CO2 medical laser system applications.
Alma Lasers, for example, recently launched the Alma PrimeX. It is a non-invasive platform for skin tightening and body contouring. While Candela introduced the Frax Pro System for dual-depth skin resurfacing. These efforts to enhance product quality and expand product portfolios are driving the demand for CO2 medical laser systems.
Key players:
- LightScalpel
- Limmer Laser GmbH
- Boston Scientific Corp.
- Herdeks
- Alma Lasers
- Bison Medical
- DEKA M.E.L.A. srl
- Cutting Edge Laser Technologies
- Lynton Laser Ltd.
Recent Developments
DEKA M.E.L.A. srl won the AGAIN laser award for Best Lasers, Lights, and Energy-based Devices at the AMWC (Aesthetic and Anti-Aging Medicine World Congress) in Monte Carlo in 2022. For vascular conditions, hair removal, nonablative photorejuvenation, superficial pigmented lesions, and onychomycosis, the AGAIN laser is a top choice.
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Key Segments
Global CO2 Medical Laser Systems Industry by Application:
- Global CO2 Medical Laser Systems Industry for Dermatology
- CO2 Medical Laser Systems Industry for Ophthalmology
- Global CO2 Medical Laser Systems Industry for Gynecology
- Global CO2 Medical Laser Systems Industry for Urology
- Global CO2 Medical Laser Systems Industry for Dentistry
- CO2 Medical Laser Systems Industry for Cardiovascular
- Global CO2 Medical Laser Systems Industry for ENT
Global CO2 Medical Laser Systems Industry End User:
- Global CO2 Medical Laser Systems Industry in Hospitals
- Global CO2 Medical Laser Systems Industry in Outpatient Facilities
- CO2 Medical Laser Systems Industry in Specialty Clinics
- Global CO2 Medical Laser Systems Industry in Ambulatory Surgical Centers
- CO2 Medical Laser Systems Industry in Research & Manufacturing
- Global CO2 Medical Laser Systems Industry in Research Institutes
- Global CO2 Medical Laser Systems Industryy in Academic Institutes
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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