United States Medical Lasers Market Assessment, By Product Type [Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Semiconductor Laser Systems, Diode Laser Systems] By Application [Ophthalmology, Dermatology/Aesthetics, Gynecology, Dentistry, Urology, Cardiovascular, Othes], By End-user [Surgical, Cosmetic, Dental], By Region, Opportunities and Forecast, 2016-2030F

United States Medical Lasers Market size was valued at USD 1.71 billion in 2022 and is expected to reach USD 3.48 billion in 2030 with a CAGR of 9.28% for the forecast period between 2023 and 2030. The United States medical lasers market has experienced substantial growth and technological advancements in recent years. Medical lasers are high-intensity light beams with various medical applications, ranging from surgical procedures to diagnostic and therapeutic treatments. Advancements in laser technology have also fueled market growth. The development of more precise and versatile lasers has expanded their applications across diverse medical fields, including dermatology, ophthalmology, dentistry, and gynecology. Additionally, integrating laser systems with other medical devices, such as endoscopes and imaging tools, has further broadened their utility and effectiveness.

Another significant factor driving the market is the increasing focus on aesthetics and cosmetic treatments. Laser-based procedures for hair removal, skin rejuvenation, tattoo removal, and scar reduction have gained immense popularity among the population seeking non-surgical cosmetic enhancements. Favorable reimbursement policies for certain laser procedures, along with investments in healthcare infrastructure, have encouraged the adoption of medical lasers by healthcare providers across the country.

The United States medical lasers market is witnessing robust growth due to the increasing prevalence of chronic diseases, technological advancements, and growing demand for non-invasive cosmetic procedures. As the industry continues to innovate and address existing challenges, the medical lasers market is expected to maintain its upward trajectory.

Boost in Popularity for Minimally Invasive Treatments

The United States has witnessed a significant surge in demand for minimally invasive procedures, with medical lasers playing a pivotal role in this trend. Minimally invasive techniques offer numerous advantages over traditional surgical methods, such as reduced scarring, shorter recovery times, and diminished risk of complications. Medical lasers have emerged as a revolutionary tool in modern healthcare, providing precise and targeted energy delivery for various treatments. Leveraging the power of light, medical lasers are utilized in various specialties, including dermatology, ophthalmology, urology, and more. Their versatility allows for treating conditions like skin rejuvenation, cataracts, kidney stones, and even certain types of cancer. Moreover, patients are increasingly seeking minimally invasive options due to the prospect of minimal pain and discomfort, which aligns with the growing emphasis on patient-centered care. As technological advancements continue to refine medical lasers' capabilities, their demand is likely to escalate further, reshaping the landscape of healthcare delivery in the United States.

In 2020, the American Society of Plastic Surgeons (ASPS) reported that around 15.6 million cosmetic procedures, both surgical and minimally invasive, were conducted across the United States.

Rising Usage in Surgical Procedures

Medical lasers provide surgeons with high precision during surgeries, allowing for selective tissue ablation and treatment. This accuracy is particularly beneficial in body surgical procedures where delicate structures need to be preserved while removing or modifying targeted tissues. Medical lasers have found diverse applications in various body surgical procedures. For example, they are used for liposuction to target and liquefy fat cells, making it easier for the surgeon to remove excess fat. In addition, lasers are employed for skin tightening, body contouring, and treatment of cellulite.

Patients are increasingly preferring body surgical procedures using lasers due to their effective outcomes and high patient satisfaction rates. Laser treatments can provide noticeable improvements with reduced scarring and shorter downtime compared to traditional surgical methods. As advancements in medical laser technology significantly increased over the years, the acceptance of laser-based surgical procedures has also grown proportionately among both patients and medical practitioners. This increased familiarity has contributed to the rising trend in the adoption of laser-assisted body surgical procedures.

During August 2020, Erchonia Corporation, a manufacturer of cosmetic and medical lasers, introduced a novel low-level green laser specifically designed for reducing body fat. This innovative device employs ten green lasers directed onto the skin to emulsify adipose tissue, facilitating the release of excess fatty materials.

Technological Advancements

The United States medical lasers market is witnessing significant technological advancements, driven by the increasing demand for minimally invasive procedures and the growing prevalence of chronic diseases. New laser wavelengths are being developed to target specific tissues and diseases. For example, fractional CO2 lasers are being used to treat acne scars and wrinkles, while picosecond lasers are being used to remove tattoos and treat skin pigmentation disorders. New technologies are being developed to make laser beams more precise and controlled. This is allowing surgeons to perform more delicate procedures with greater accuracy and less risk of damage to surrounding tissues. New laser systems are being developed that are more efficient and cost-effective. This is making laser therapy more accessible to a wider range of patients.

In July 2021, Alma obtained clearance from the United States Food and Drug Administration (FDA) for its Alma Hybrid platform, making it the first laser system to combine both an ablative 10,600 nm (CO2) laser and a non-ablative 1570 nm laser for skin resurfacing purposes.

The Rise in Cataract Surgery

The United States medical lasers market has witnessed a significant rise in cataract surgery due to various factors. With an aging population and advancements in medical technology, cataract surgery has become more accessible and safer, leading to its increased demand. Medical lasers have played a crucial role in this surge, as they offer precise and minimally invasive techniques, ensuring better patient outcomes and shorter recovery times. Using femtosecond lasers for cataract surgery has gained popularity, enabling surgeons to create precise incisions and soften the cataract for easier removal. As the demand for cataract surgery continues to grow, the United States medical lasers market is expected to witness sustained expansion, benefiting patients and healthcare providers alike.

Alcon has revealed its most extensive scientific presence till date at ASCRS 2023 and has expanded its image-guided connectivity offerings. The company's participation in the American Society of Cataract and Refractive Surgery (ASCRS) 2023 annual meeting will involve the presentation of around 180 abstracts covering various topics such as cataract, glaucoma, refractive, visualization, and ocular health. Additionally, Alcon will be showcasing its latest advancements in image-guided connectivity, which includes the integration of the ARGOS Biometer with Image Guidance and the newly released NGENUITY 1.53-8.

Impact of COVID-19

During the peak of the COVID-19 pandemic, many medical facilities in the United States were overwhelmed by the influx of COVID-19 patients. As a result, many elective medical procedures, including those involving medical lasers, were postponed, or cancelled. This led to a temporary decline in the demand for medical lasers in the market. The medical community's primary focus during the pandemic's peak was on treating COVID-19 patients and developing vaccines. This diverted resources away from other medical technologies, including medical lasers, leading to decreased investments and research activities in this area.

COVID-19 disrupted global supply chains, affecting the manufacturing and distribution of medical devices, including medical lasers. Delays in production and shipping caused shortages in obtaining medical lasers, impacting market dynamics.

United States Medical Lasers Market: Report Scope

United States Medical Lasers Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Market and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the Medical Lasers market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2022
Historical Period	2016-2021
Forecast Period	2023-2030F
Projected Growth Rate	CAGR of 9.28% between 2023 and 2030F
Revenue Forecast in 2030	USD 3.48 billion
Units	Revenue in USD Billion
Segments Covered	Product, Applications, End-user, and Region
Regions Covered	Northeast, Southwest, West, Midwest, Southeast, Midwest
Key Companies Profiled	BIOLASE, Inc., IRIDEX Corporation, Candela Corporation, Cynosure Inc., Bausch & Lomb Incorporated, Boston Scientific Corporation, Angio Dynamics, Philips Healthcare, Stryker, CryoLife, Inc., American Medical Systems, Photomedex, Modu-Laser.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In this report, United States Medical Lasers Market has been segmented into the following categories: 

1.       By Product

1.1.    Solid State Laser Systems

1.1.1.Holmium Yttrium Aluminum Garnet Laser (Ho:Yag) Systems

1.1.2.Erbium Yttrium Aluminum Garnet Laser (Er:Yag) Systems

1.1.3.Neodymium Yttrium Aluminum Garnet Laser (Nd:Yag) Systems

1.1.4.Potassium Titanyl Phosphate Laser Systems

1.1.5.Alexandrite Laser Systems

1.1.6.Ruby Laser Systems

1.1.7.Q-Switch Lasers

1.2.    Gas Laser Systems

1.2.1.CO2 Laser Systems

1.2.2.Argon Laser Systems

1.2.3.Krypton Laser Systems

1.2.4.Metal Vapor (Copper and Gold) Laser Systems

1.2.5.Helium-Neon (He-Ne) Laser Systems

1.2.6.Excimer Laser Systems

1.3.    Dye Laser Systems

1.4.    Semiconductor Laser Systems

1.5.    Diode Laser Systems

2.       By Application

2.1.   Ophthalmology

2.1.1.Refractive Error Surgery

2.1.2.Cataract Surgery

2.1.3.Glaucoma Surgery

2.1.4.Others

2.2.    Dermatology/Aesthetics

2.2.1.Skin resurfacing

2.2.2.Pigment treatment

2.2.3.Tattoo Removal

2.2.4.Hair Removal

2.2.5.Others

2.3.    Gynaecology

2.3.1.Vaginal Rejuvenation

2.3.2.Others

2.4.    Dentistry

2.5.    Urology

2.5.1.Lithotripsy

2.5.2.Tissue Ablation

2.6.    Cardiovascular

2.6.1.Coronary Artery Disease

2.6.2.Ventricular and Supraventricular Arrhythmias

2.6.3.Hypertrophic Cardiomyopathy

2.6.4.Congenital Heart disease

2.7.    Others

3.       By End-user

3.1.    Surgical

3.2.    Cosmetic

3.3.    Dental

4.       By Region

4.1.   Northeast

4.2.   Southwest

4.3.   West

4.4.   Midwest

4.5.   Southeast

4.6.   Midwest

Key Players Landscape and Outlook

The major market players are undertaking various strategic initiatives to uphold their market presence. These initiatives support the players in strengthening their business opportunities and contribute to their sustained market presence. Furthermore, numerous companies engage in strategic partnerships and collaborative initiatives with multiple organizations to increase their market share and profitability.

Acclaro Corporation, a US-based medical device company has introduced UltraClear, a laser technology system in the country. This new device was launched at ASLMS 2022, the 41st annual American Society for Laser Medicine and Surgery conference held in San Diego, California. UltraClear device is powered by cold fibre laser technology. It can be used to treat different skin conditions, such as wrinkles, scars, acne scars, pigmentation, enlarged pores, fine lines and other complexion issues. This system can be safely used for all skin types.

Key Players Operating in United States Medical Lasers Market

·         Biolase, Inc.

·         Iridex Corporation

·         Candela Corporation

·         Cynosure Inc.

·         Bausch & Lomb Incorporated

·         Boston Scientific Corporation

·         AngioDynamics

·         Philips Healthcare

·         Stryker

·         CryoLife, Inc.

·         American Medical Systems

·         Photomedex

·         Modu-Laser

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