A new report published by a US market research firm has revealed that the global market for medical laser systems is projected to reach an estimated value of US$ 2.0 billion by 2018.
The meteoric growth of the global medical laser systems market is largely due to an aging global population and a rise in age-related eye disorders. However, it can also be attributed to broader social and economic factors.
Advanced laser treatments are now more accessible to patients around the world and there is a growing emphasis on aesthetics. People living in countries with emerging economies, including Brazil, Russia, India, and China, have higher levels of disposable income and can more easily afford costly laser treatments.
The diode lasers market held the largest share of the market in 2011 and this is expected to continue throughout the forecast period. These lasers are widely used by medical practitioners in photodynamic therapy and a range of aesthetic treatments.
The solid state laser segment is predicted to experience the strongest growth between now and 2018. This segment has several variants and each has specific applications relating to medical treatments, including tattoo removal, periodontology, vein removal, and skin treatment.