Industry Experts, Inc published the new global market research report entitled “Medical Laser Technologies – A Global Market Overview”. The analysts at Industry Experts reveal that the market for Cardiovascular applications of medical laser technologies is expected to grow robustly during 2023-2029 analysis period with a whopping CAGR of 41%.
The medical laser technologies market is experiencing a rapid growth, driven by factors such as the increasing demand for minimally invasive procedures, growing preference for aesthetic and cosmetic surgeries, and rising incidences of vascular and ocular disorders. Within this market, the aesthetic and cosmetic application segment currently commands the largest market share, reflecting the growing consumer interest in enhancing appearances. Additionally, the cardiovascular application segment emerges as the fastest-growing market segment, driven by technological advancements, notably in treating vascular diseases.
North America dominates the global demand for medical laser technologies, an estimated 37% share in 2023. However, the Asia-Pacific region is anticipated to emerge as the fastest-growing market, boasting a projected Compound Annual Growth Rate of 16.7% during the analysis period 2023 to 2029. The overall global market for medical laser technologies is forecasted to touch US$6.4 billion in 2024.
The market for Medical Laser Technologies’ types studied in this report includes Solid-State Lasers, Gas Lasers, Diode Lasers and Dye Lasers. The applications market for Medical Laser Technologies studied in this report comprise Aesthetics/Cosmetics, Dermatology, Cardiovascular, Obstetrics & Gynecology, Ophthalmology, Urology, Dentistry and Other Applications. Hospitals, Specialty Clinics and Others represent the primary end-use facilities of these materials.
The report reviews, analyzes and projects the Medical Laser Technologies market for global and the regional markets including North America, Europe, Asia-Pacific and Rest of World for the period 2020-2029 in terms of US$. These regional markets further analyzed for 17 independent countries across North America – the United States, Canada and Mexico; Europe – Germany, France, United Kingdom, Italy, Spain and Russia; Asia-Pacific – Japan, China, India and South Korea; Rest of World – Brazil, Saudi Arabia, United Arab Emirates and South Africa.
This 285 page study includes 219 charts (includes a data table), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by technology type, application, geographic region and end-use sector. This report profiles 18 key major players and also provides a listing of the companies engaged in the manufacturing and supply of Medical Laser Technologies. The global list of companies covers the addresses, contact numbers and the website addresses of 205 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/biotechnology/global-medical-laser-technologies-market
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To view the original version on ABNewswire visit: Aesthetic/Cosmetic and Cardiovascular Applications Drive Demand for Medical Laser Technologies to $12.5bn by 2029 – Market Research Report (2023-2029) by Industry Experts, Inc