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Market analysis of laser medical technology and global medical laser systems

Market analysis of laser medical technology and global medical laser systems

Jan 05, 2021

What is laser therapy?

Laser therapy is the use of laser beams of light for disease treatment. In medicine, surgeons can operate lasers with high precision, focusing the beam on a small area, causing less damage to surrounding cells and tissues, and achieving therapeutic goals. The laser treatment will reduce pain and eliminate swelling and scar formation compared to traditional surgery. However, laser treatment is expensive.


What use does laser treatment have?

Laser therapy can be used to:

Shrinks or destroys tumors, polyps, or precancerous growths;

Relief of cancer symptoms;

Kidney stone removal;

Partial removal of the prostate;

Repair retinal detachment;

Improve eyesight;

Treatment of hair loss due to alopecia or aging;

Treat pain, including back neuralgia.

The laser has a cautery or fusion effect and can be used to:

Sealing nerve endings to relieve postoperative pain;

Sealing blood vessels helps prevent blood loss;

Seals lymphatic vessels, reduces swelling and limits the spread of tumor cells.


Lasers can help treat the early stages of some cancers, including:

Cervical cancer;

Penile cancer;

Vaginal cancer;

Vulvar cancer;

Non-small cell lung cancer;

Basal cell skin cancer.

For cancer, laser therapy is often used in conjunction with other treatments, such as surgery, chemotherapy or radiation.

Laser treatments can also be used for cosmetic purposes, including:

Remove warts, moles, birthmarks and sunspots;

Removal of hair;

Reduce the appearance of wrinkles, blemishes or scars;

Remove the tattoo.


What the crowd not suitable for laser treatment?

Some laser procedures, such as cosmetic skin surgery and eye surgery, are called elective surgery. Some people argue that the potential risks of these types of surgery may outweigh the benefits they offer. For example, some healthy skin conditions may be exacerbated by laser surgery. 


Because, as with typical surgery, poor overall health also increases the risk of complications.


Consult your doctor before deciding to undergo any laser surgery. Depending on your age, overall health, health care plan, and the cost of laser surgery, your doctor may recommend the traditional procedure. For example, if you are younger than 18, you should not have LASIK eye surgery.


How to prepare for laser therapy?

Plan ahead to ensure that you have enough time to recover after surgery.


A few days before surgery, it is recommended that you take preventive measures, such as stopping taking drugs that may affect blood clotting, such as blood thinners.


How does laser therapy work?

Different procedures, laser treatment technology is not the same.


In the case of cancer treatment, an endoscope is used to guide the laser to look at the tissue in the body. An endoscope is inserted through an opening in the body, such as the mouth. The surgeon then aims a laser at the lesion to shrink or destroy the tumor.


In cosmetic surgery, a laser is usually directed at the skin.


What type does laser operation include?

Some common laser procedures include:

Refractive surgery (commonly known as excimer laser-LASIK);

Tooth whitening;

Scar cosmetic, removal of tattoos or wrinkles;

Cataract or tumor removal.


Different types of surgery use different lasers. For example, carbon dioxide (CO2) lasers are used to make shallow cuts. They are commonly used to treat shallow cancers, such as skin cancer.


Argon ion lasers can also perform shallow cutting and can be used to activate photosensitive (photoactivated) drugs during photodynamic therapy. This type of cancer treatment combines laser and chemotherapy to destroy more cancer cells.


Nd: YAG lasers can travel along optical fibers, and they can be used for laser induced hyperthermia of stromal tumors.


Low Intensity Laser Therapy (LLLT), also known as frozen laser therapy, uses lasers with wavelengths between 600 and 980 nanometers. The laser is used to perform minor operations and to promote tissue regeneration.LLLT programs exist to help quit smoking, but there is little evidence that they can be used for this purpose.


What are the risks of laser therapy?

Laser treatment carries certain risks. The risks of skin treatment include:

Bleeding;

Infection;

The pain;

Scar;

Skin color changes.


In addition, the desired treatment effect may not be permanent, so repeated treatment may be required.


General anesthesia may be used for some procedures, and there are risks associated with that. 


These include:

Pneumonia;

Heart disease;

A stroke.


Treatment is very expensive and not everyone can get laser treatment. Laser eye surgery can cost anywhere from $600 to $8,000, depending on your health care plan and the provider or facility used for the procedure. Laser skin treatments can cost anywhere from $200 to $3,400, according to the University of Michigan's Cosmetic Skin and Laser Center.


What advantage does laser treatment have?

Lasers are more accurate than traditional surgical instruments, and the incisions are shorter and shallower. As a result, less damage is done to the body's tissues.


Laser surgery often takes less time than traditional surgery. This can usually be done on an outpatient basis. It also saves the trouble of hospitalization. If general anesthesia is required, the duration of anesthesia is also shorter.


Patients who underwent laser surgery also recovered more quickly. Using laser therapy may reduce pain and eliminate swelling and scar formation compared to traditional surgery.


How is the recovery after laser treatment?

Laser surgery rehabilitation and general surgery about the same.The first few days after surgery require adequate rest and painkillers until the discomfort and swelling subside.


Recovery after laser treatment varies according to the type of treatment received and how the body is affected by the treatment.


Global Laser Therapy Market Overview:

1. Market analysis

The global laser therapy market is mainly driven by the growing demand for cosmetic surgery. The American Society of Plastic Surgeons estimates that 1.8 million cosmetic procedures and 15.5 million minimally invasive procedures were performed in 2016 alone. Other market drivers include a rising aging population, increasing complications from age-related eye diseases, and the penetration of laser treatment clinics.


Taking all these factors into account, the global laser therapy market is expected to reach $9.97 billion by the end of 2023, with a CAGR of 12.2% over the 2017-2023 period.


2. Global Medical Laser System Market Forecast

The global market for medical laser systems reached $4.9 billion in 2014. Increased demand for non-invasive cosmetic surgery and increasing awareness of the safety of these procedures, coupled with technological advances, will drive the growth of the industry.


In addition, with the increasing number of eye diseases, increasing aesthetic requirements and growing applications in obstetrics and gynecology, the industry is expected to grow in the next few years. However, the risks associated with these procedures, such as infections, scarring, bleeding and changes in skin tone, are expected to be constraints on the industry's growth rate.


According to a survey conducted by the American Society for Aesthetic Plastic Surgery (ASAPS), Americans spend more than $13 billion on beauty treatments such as slimming, acne prevention, and skin resurfacing. The demand for these applications is expected to further drive the growth of the global medical laser systems market during the forecast period.


3. Medical laser system products and market size

The main products in the laser medical systems market include diode, solid state, gas, and dye lasers. Diode lasers, which accounted for the largest market share in 2014, are expected to continue to dominate the market in the next few years due to their different applications in beauty treatments and photokinetic therapy.


The solid-state laser market is expected to grow at a CAGR of more than 12.0% over the next five years due to high utilization in the dermatology sector. The market segments are further divided into carbon dioxide, argon, krypton, metal vapor, helium-neon and excimer lasers, which are widely used in the fields of periodontology, tattoo removal, skin therapy and varicose vein removal.


4. Application prospect

According to different applications, the medical laser systems market can be divided into ophthalmology, gynecology, dermatology, urology, dentistry, and cardiology. Dermatology dominates the market for medical laser systems due to the increasing demand for aesthetics.


The anticipated increase in patient awareness, the popularity of minimally invasive and non-invasive treatments, and the growing demand for cosmetic applications such as skin tightening, skin restoration, and slimming are also expected to be significant drivers of this market growth. In addition, the incidence of skin cancer and other skin diseases such as acne, dermatitis, psoriasis, as well as skin lesions, moles and skin lesions, especially in emerging market countries, is expected to provide significant business opportunities for the future development of the medical laser market.


Medical laser products provide a unique application for the field of gynecology; The gynecology sector is expected to be a major driver of further growth in the medical laser systems market over the next five years. At the same time, the system is also widely used in gynecological abdominal surgery, so it will further drive the market demand.


The use of laser medical systems in ophthalmology is also expected to continue to grow in the coming years due to the rapid replacement of non-laser instruments such as cataract, refractive surgery, and other surgical blades.


The development of cosmetic plastic surgery has further promoted the development of cosmetic medical instruments in medical instruments. The major laser medical cosmetic companies in the world are developing very fast and the output value is increasing rapidly. In the next few years, it is believed that laser cosmetic medical equipment will develop rapidly with a more brand-new attitude.


5. Segmentation of global laser medical system market

In 2014, the largest market for laser medical systems was North America, accounting for more than 35% of the total revenue. The increasing demand for cosmetic surgery and patients' higher disposable income and increasing medical expenditure are the major factors contributing to the growth of this market. Furthermore, technological advances and higher R&D spending in North America are expected to further drive the market growth over the next five years.


However, untapped market opportunities in Asia-Pacific countries are also likely to further drive the growth of the global laser medical systems market. With lower labor and manufacturing costs and faster adaptation to technological advances, more companies in the Asia-Pacific region are taking strategic expansion measures in this sector, which will also bring strong growth momentum to the region in the next five years.


6. Major participating companies in the global laser medical system market

Major players in the medical laser systems market include biopharmaceutical companies Photomedex, Lumenis, Biolase Inc and Spectranetics Corp, a U.S. manufacturer of medical devices for minimally invasive surgery. And Iridex.The long-term growth and sustainable development of the market can only be ensured by various strategic partnerships, such as mergers and acquisitions. 


In addition, technological advances such as pulsed lasers for aesthetic purposes and the introduction of new products with wide applicability are expected to further drive demand.