Solid State Lasers Segment to Dominate North America Medical Laser Systems Market during 2019–2028
According to a new market research study on “North America Medical Laser Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Application, and End User,” is expected to reach US$ 2,257.13 million by 2028 from US$ 919.72 million in 2021. The market is estimated to grow at a CAGR of 13.7% from 2021 to 2028. Significant rise in elderly population is the major factor driving the growth of the North America medical laser systems market. However, stringent safety regulations may hinder the growth of North America medical laser systems market. The report provides trends prevailing in the North America medical laser systems market along with the drivers and restraints pertaining to the market growth.
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The North America medical laser systems market is segmented into product type, application, end user, and country. The North America medical lasers market, based on product type, has been segmented into diode lasers, solid state lasers, gas lasers, fiber lasers and dye lasers. In 2020, the solid state lasers segment held the largest share North America medical laser systems market. Based on solid state lasers the market is sub segmented into Holmium Yttrium Aluminum Garnet (Ho:Yag) Lasers, Erbium Yttrium Aluminum Garnet (Er:Yag) Lasers, Neodynium Yttrium Aluminum Garnet (Nd:Yag) Lasers, Thulium:Yttrium-Aluminum-Garnet Laser (Tm:YAG), Potassium Titanyl Phosphate (KTP), Alexandrite Lasers, and Ruby Lasers. In 2020, the Erbium Yttrium Aluminum Garnet (Er:Yag) Lasers segment held the largest share North America medical laser systems market. Based on gas lasers the market is sub segmented into CO2 Laser, argon laser, krypton laser, metal vapor laser, helium neon laser, and excimer laser. In 2020, the CO2 Laser segment held the largest share North America medical laser systems market. Based on fiber lasers the market is sub segmented into thulium fiber lasers, erbium fiber lasers, and ytterbium fiber lasers. In 2020, the thulium fiber lasers segment held the largest share North America medical laser systems market. The North America medical laser systems market, based on application has been segmented into dermatology, ophthalmology, gynecology, dentistry, cardiology, urology, and others. In 2020, the dermatology segment held the largest share North America medical laser systems market. The North America medical laser systems market, based on end user is segmented into hospitals, specialty clinics, ambulatory surgery centers, and others. In 2020, the specialty clinics segment held the largest share North America medical laser systems market. Similarly, based on country, the market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2020.
Alcon Inc; Artivion, Inc.; Bausch Health Companies Inc.; BIOLASE, Inc.; Boston Scientific Corporation; Candela Medical; Ellex; Iridex Corporation; Koninklijke Philips N.V.; and Lumenis Be Ltd. are among the leading companies in the North America medical laser systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2022, CryoLife, Inc. announced that it was renaming and rebranding itself to Artivion, Inc., effective immediately. Derived from the word’s “aorta”, “innovation”, and “vision”, the company’s new name and brand reflect its evolution to focus on providing innovative technologies to surgeons who treat patients with aortic disease. In conjunction with these changes, effective January 24, 2022, the company will also change its ticker symbol on the New York Stock Exchange to “AORT” from “CRY.
North America Medical Laser Systems Strategic Insights
Strategic insights for the North America Medical Laser Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
Alcon Inc
Artivion, Inc.
Bausch Health Companies Inc.
BIOLASE, Inc.
Boston Scientific Corporation
Candela Medical
Ellex
Iridex Corporation
Koninklijke Philips N.V.
Lumenis Be Ltd.
North America Medical Laser Systems Regional Insights
The geographic scope of the North America Medical Laser Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Medical Laser Systems Market Segmentation
The North America medical laser systems market is segmented based on product type, application, end user, and country. Based on product type,the market has been segmented into diode lasers, solid state lasers, gas lasers, fiber lasers and dye lasers. In 2020, the solid state lasers segment held the largest share of the market. The solid state lasers segment is subsegmented into holmium yttrium aluminum garnet (Ho:Yag) lasers, erbium yttrium aluminum garnet (Er:Yag) lasers, neodynium yttrium aluminum garnet (Nd:Yag) lasers, thulium:yttrium-aluminum-garnet laser (Tm:YAG), potassium titanyl phosphate (KTP), alexandrite lasers, and ruby lasers. In 2020, the erbium yttrium aluminum garnet (Er:Yag) lasers segment held the largest share. Based on gas lasers, the market is subsegmented into CO2 laser, argon laser, krypton laser, metal vapor laser, helium neon laser, and excimer laser. In 2020, the CO2 laser segment held the largest share. Based on fiber lasers, the market is subsegmented into thulium fiber lasers, erbium fiber lasers, and ytterbium fiber lasers. In 2020, the thulium fiber lasers segment held the largest share. Based on application, the market has been segmented into dermatology, ophthalmology, gynecology, dentistry, cardiology, urology, and others. In 2020, the dermatology segment held the largest market share. Based on end user, the market is segmented into hospitals, specialty clinics, ambulatory surgery centers, and others. In 2020, the specialty clinics segment held the largest market share. Similarly, based on country, the market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2020.
Alcon Inc; Artivion, Inc.; Bausch Health Companies Inc.; BIOLASE, Inc.; Boston Scientific Corporation; Candela Medical; Ellex; Iridex Corporation; Koninklijke Philips N.V.; and Lumenis Be Ltd. are among the leading companies operating in the North America medical laser systems market.
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Akshay
Senior Market Research Expert at Business Market Insights
