Enjoy complimentary customisation on priority with our Enterprise License!
Market research analysts at Technavio have predicted that the global semiconductor laser treatment market will grow steadily at a CAGR of more than 11% by 2020. The rising importance of physical appearance will contribute to the growth of the cosmetic treatment industry in major countries such as the US, Japan, Brazil, and South Korea. As a result, the use of medical laser therapy in non-surgical medical procedures is becoming common in these regions. Non-invasive laser procedures are used in fields such as dermatology, ophthalmology cardiovascular, cosmetic surgery, and also in oncology-related surgery. The growing preference of customers for treatments that provide quick results in a short time has resulted in the rapid increase in the adoption of aesthetic clinical treatments. This, in turn, will increase the demand for private clinics that offer cosmetic treatments like liposuction, breast augmentation procedures, and anti-aging treatments.
Continuous R&D investments and ongoing clinical trials will result in the introduction of better product designs that incorporate advanced technological features. Technological advancements coupled with infrastructure advances will lead to an increase in healthcare expenditure in the coming years. Countries will have the need to exponentially increase their healthcare expenditures to provide basic health insurance coverage, develop a primary healthcare service system, and also to improve the availability of medication in rural and suburban areas. This will result in the formation of public hospitals and healthcare facilities that offer laser treatments, which in turn, will increase the demand for the laser treatment devices market.
The laser therapy device market is characterized by the presence of several international, regional, and local vendors who offer a wide range of products. Vendors normally differentiate their products based on price, quality, and efficacy and are dependent on intense marketing campaigns to spread awareness about their products. The market will witness aggressive innovation and M&As in the next four years, which will subsequently lead to numerous product launches and extensions, especially in the eye care category.
The leading vendors in the market are -
The other prominent vendors in the market are Alma Lasers, Bausch & Lomb, Body BeneFits, CoolTouch, Deka Laser Technologies, Energist North America, Ellipse, Erchonia, Fotana, Iridex, and Sciton.
This market research and analysis estimates that the aesthetics/cosmetics segment will account for more than 48% of the total share of the market and dominate this industry by 2020. Laser-based aesthetics are used for a wide range of applications such as in pigmentary treatments, acne, and rejuvenation applications, and also in skin tightening. The growing aesthetic consciousness among patients and the rapidly increasing demand for energy-based aesthetic products will drive the growth of this market segment in the coming years.
According to this market study, the Americas accounted for almost 49% of the total share of the semiconductor laser treatment market and dominated the industry during 2015. The US is one of the major contributors in this region. This mainly attributes to the availability of a large number of skilled surgeons trained on advanced medical laser equipment and also to the approval of the FDA towards the use of aesthetic lasers. Advancements in laser technologies and the increasing adoption of Lasik treatment will fuel the growth of the market in this region during the predicted period.
Technavio also offers customization on reports based on specific client requirement.
Semiconductor laser treatment involves the use of laser systems that generate a highly concentrated monochromatic beam of light at a particular wavelength. These laser systems find extensive applications in the medical field, especially in clinical diagnosis, therapy, and cosmetic procedures. Also, diode laser treatment offers numerous benefits for patients undergoing orthodontic procedures. With the help of a specialized diode laser, the dentist can quickly remove the excess gum tissue for aesthetic appeal.
The report, global semiconductor laser treatment market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Market figure summary
PART 15: Appendix
PART 16: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.