CO2 Medical Laser Systems Market Size, Outlook to 2033 by FMI
The global CO2 Medical Laser Systems Market size is set to reach US$ 550.01 million in 2023. Overall sales of CO2 medical laser systems are likely to surge at 10% CAGR, taking the forecasted market valuation to US$ 1,426.59 million by the end of 2033.
The demand for CO2 medical laser systems is on the rise due to factors including
Technological advancements
Increasing adoption of laser treatments for aesthetic procedures
High demand for tattoo removal
Rising adoption of laser systems by veterinary care providers.
Increasing prevalence of chronic diseases such as cancer, urological disorders, stroke, neurovascular diseases, and cardiovascular disorders
According to the World Health Organization (WHO), non-communicable diseases were responsible for around 40 million deaths worldwide, which is 74% globally. High blood pressure, obesity, diabetes, and other unhealthy lifestyle-related disorders result in a higher percentage of the population developing non-communicable diseases. For example, in 2021, 17 million people died from cardiovascular diseases. Accounting for 32% of the global death rate, with 85% of these deaths caused due to stroke and heart attack.
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Some key growth drivers for the CO2 medical laser systems market include:
Cost savings and additional benefits to patients
improved healthcare
cutting-edge technologies
sophisticated devices
Breakthrough medicines
Individualized care
In addition, medical tourism is becoming increasingly popular, with people traveling to different countries for better treatment at affordable prices. Cosmetic surgery is a popular choice in medical tourism. Destinations such as Brazil, Japan, Italy, Mexico, Russia, India, Turkey, Germany, and France are the top choices for individuals seeking such procedures.
Key Takeaways
The increasing demand for non-invasive and minimally invasive procedures is a key driver of market growth.
The dermatology segment dominates the market due to the rising demand for esthetic procedures and products.
The veterinary segment is expected to exhibit the fastest growth due to the increasing adoption of laser systems by veterinary care providers.
The Asia Pacific region is anticipated to witness significant growth in the CO2 medical laser systems market due to the increase in aesthetic clinics and rising disposable income.
Although, the high cost of CO2 medical laser systems and the availability of alternative treatment options may restrain the market growth.
Competitive Landscape
Global manufacturers of medical laser systems are ramping up their production processes and introducing cost-effective solutions to meet the rising demand for these systems. Leading companies are also focusing on improving the quality of their products to cater to various CO2 medical laser system applications.
Alma Lasers, for example, recently launched the Alma PrimeX. It is a non-invasive platform for skin tightening and body contouring. While Candela introduced the Frax Pro System for dual-depth skin resurfacing. These efforts to enhance product quality and expand product portfolios are driving the demand for CO2 medical laser systems.
Key players:
LightScalpel
Limmer Laser GmbH
Boston Scientific Corp.
Herdeks
Alma Lasers
Bison Medical
DEKA M.E.L.A. srl
Cutting Edge Laser Technologies
Lynton Laser Ltd.
Recent Developments
DEKA M.E.L.A. srl won the AGAIN laser award for Best Lasers, Lights, and Energy-based Devices at the AMWC (Aesthetic and Anti-Aging Medicine World Congress) in Monte Carlo in 2022. For vascular conditions, hair removal, nonablative photorejuvenation, superficial pigmented lesions, and onychomycosis, the AGAIN laser is a top choice.
Key Segments
CO2 Medical Laser Systems Industry by Application:
CO2 Medical Laser Systems Industry for Dermatology
CO2 Medical Laser Systems Industry for Ophthalmology
CO2 Medical Laser Systems Industry for Gynecology
CO2 Medical Laser Systems Industry for Urology
CO2 Medical Laser Systems Industry for Dentistry
CO2 Medical Laser Systems Industry for Cardiovascular
CO2 Medical Laser Systems Industry for ENT
CO2 Medical Laser Systems Industry by End User:
CO2 Medical Laser Systems Industry in Hospitals
CO2 Medical Laser Systems Industry in Outpatient Facilities
CO2 Medical Laser Systems Industry in Specialty Clinics
CO2 Medical Laser Systems Industry in Ambulatory Surgical Centers
CO2 Medical Laser Systems Industry in Research & Manufacturing
CO2 Medical Laser Systems Industry in Research Institutes
CO2 Medical Laser Systems Industry in Academic Institutes
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