North
America Medical Laser Systems Market Trends, Size, Segment and Growth by
Forecast to 2030
The medical
laser systems market in North America is expected to grow from
US$ 919.72 million in 2021 to US$ 2,257.13 million by 2028;
it is estimated to grow at a CAGR of 13.7% from 2021 to 2028.
Economies such as the US and Canada are witnessing
considerable modernization of healthcare facilities and improvements in
healthcare services. With this, the life expectancy of people in these
countries has increased, leading to an expansion in their geriatric population
base. Furthermore, a report by the US Census Bureau states that the number of
people in the US aged 65 and above is anticipated to grow from 46 million in
2016 to more than 98 million by 2060. Their population share is anticipated to
surge from ~15% to ~24% during this period. Ophthalmic diseases constitute a
significant share of health problems among older people. Age-related macular
degeneration resulting in loss of central vision, glaucoma, retinal detachment,
cataracts, and diabetic retinopathy are among the most common ophthalmic
diseases among the geriatric population. Diabetic retinopathy is also common
among older people during the early stages of diabetes or at the time of the
diagnosis. A mydriatic examination is recommended when a patient is diagnosed
with diabetes and once a year after that. According to the American Institute
of Ophthalmology, almost 24.4 million people under the age of 40 undergo
cataract surgery, and nearly half of all Americans undergo cataract surgery by
the age of 75. Furthermore, glaucoma cases are on the rise. Over 2.7 million
Americans over the age of 40 are affected. New eye diseases, such as
age-related macular degeneration, which affects over 2.1 million Americans over
50, can cause serious vision loss. By the age of 80, the number rises to 10
Americans. So, there is a potential for the adoption of new technology, such as
femtosecond lasers, in cataract surgery, which involves a large upfront
investment but promises to improve patient outcomes. All these factors are
driving the medical laser systems market
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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
ï‚· Alcon Inc
ï‚· Artivion, Inc.
ï‚· Bausch Health
Companies Inc.
ï‚· BIOLASE, Inc.
ï‚· Boston Scientific
Corporation
ï‚· Candela Medical
ï‚· Ellex
ï‚· Iridex Corporation
ï‚· Koninklijke Philips
N.V.
ï‚· 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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Senior Market Research Expert at Business Market Insights
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