Global Medical Laser Fibers Market growing at a CAGR of 6.9% from 2023 to 2030
Category : Pharmaceuticals And Healthcare | Published Date : Aug 2023
Key Market Overview
Consegic Business Intelligence analyzes that the global medical laser fibers market is growing with a CAGR of 6.9% and is expected to reach USD 1,369.00 million in 2030 from USD 805.84 million in 2022.
The report highlights the increasing demand for medical laser fibers owing to the high adoption of minimally invasive surgeries globally. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the medical laser fibers market.
Global Medical Laser Fibers Market By Overview
The medical laser fibers market is divided into by type, by product type, and by application. Based on type, the market is segmented into reusable laser fibers and disposable laser fibers. In 2022, the reusable laser fibers segment accounted for the highest market share in the medical laser fibers market. On the basis of product type, the market is categorized into thulium laser fibers, holmium laser fibers, and others. In 2022, the thulium laser fibers segment accounted for the highest market share in the overall medical laser fibers market. On the basis of application, the market is categorized into dermatology, OB/GYN, plastic surgery, urology, vein treatment, and others. In 2022, the dermatology segment accounted for the highest market share in the overall medical laser fibers market.
Get Free SampleMarket Dynamics
Driver:
- Growing prevalence of chronic diseases
- Technological development in medical laser
Restraints:
- High cost of medical lasers in surgical procedures such as cosmetics or cancer therapy
Opportunity:
- Increasing healthcare industry in developing countries will provide ample opportunity
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Reusable Laser Fibers, and Disposable Laser Fibers |
| By Product Type | Thulium Laser Fibers, Holmium Laser Fibers, and Others |
| By Application | Dermatology, OB/GYN, Plastic Surgery, Urology, Vein Treatment, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Clarion Medical Technologies Inc. and Lumenis Be Ltd. among others have a strong market position in current market circumstances. Further, the medical laser fibers market is expected to witness significant growth in the coming years due to the rise in chronic diseases and increasing number of surgeries. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs in various applications.
- Clarion Medical Technologies Inc.
- Lumenis Be Ltd.
- biolitec AG
- BD
- Boston Scientific Corporation
- Olympus Corporation
- Cook
- Richard Wolf GmbH
- IPG Photonics Corporation
- Surgical Lasers Inc.