Thus, due to high cost, not everyone suffering, is able to get the laser surgery done. The treatment is often out of reach for persons in the low and moderate income groups. In order to pass on their costs to the patients, hospitals charge excessively high treatment fees. Because the treatment requires skilled surgeons and pricey equipment, not every hospital or institution can provide it. The laser systems and equipment are costly and require a lot of upkeep.įurthermore, the laser systems necessitates the use of highly skilled and efficient surgeons. In The cost of cardiovascular surgeries, cataract treatment and dental procedures is usually quite high. As a result, the increased prevalence of CVDs have always required the use of cardiovascular devices for diagnosis and treatment, which has propelled the medical laser systems market in the past few years. These disorders necessitate specialized operations, and medical laser systems are utilized to suture the wounds. Strokes can also be caused by bleeding arteries or blood clots in the brain. A major cause of heart attack and stroke is fat buildup around blood vessels, which restricts blood from flowing to the heart or brain. Within the Asia Pacific region, China stands out with the largest market share, contributing significantly to the region's growth trajectory.ĭriver: Rising Prevalence of Cardiovascular DiseasesĬardiovascular diseases (CVDs) are expected to remain the leading cause of morbidity and mortality for the foreseeable future. This supremacy can be attributed to several factors, including the increasing demand for minimally invasive medical procedures, a strong preference for cosmetic treatments, and the rapid adoption of innovative technologies.Īdditionally, the Asia Pacific region is projected to witness the fastest growth in the years to come, driven by improvements in healthcare infrastructure and the proliferation of laser centers. North America has emerged as the dominant player in the global medical laser systems market. In the future, compact laser systems are poised to be integrated with other technologies, including computers, medical imaging, robotics, and telemetry, further enhancing their capabilities. Specialized delivery devices tailored for specific surgical applications have also been developed. Over the past three decades, the field of laser system engineering has witnessed remarkable advancements in terms of size reduction, cost-effectiveness, reduced power requirements, and improved cooling mechanisms for surgical lasers. These innovative devices are designed to aid physicians in diagnosis and minimally invasive surgical procedures. Incorporation of cutting-edge technologies from clinical lasers, computer science, medical imaging, spectroscopy, robotics, and biochemistry into multimedia and virtual reality medical systems is reshaping the landscape. Anticipated growth in the demand for aesthetic laser procedures, particularly in developing nations, is expected to drive the expansion of the medical laser systems market.Īesthetic treatments encompass a wide range of procedures, including acne prevention, body contouring, dermal resurfacing, among others, and are estimated to contribute significantly to the market, with a valuation of approximately US$13 billion according to the American Society for Aesthetic Plastic Surgery (ASAPS). The global medical laser systems market exhibits a diverse landscape characterized by fragmentation. The global medical laser systems market is anticipated to reach US$3.86 billion in 2023, growing at a CAGR of 14.47% during 2022-2026 DUBLIN-( BUSINESS WIRE)-The "Global Medical Laser Systems Market (by Product Type, Application, End User, & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to 's offering.
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