Global Semiconductor Laser Treatment Market 2016-2020

Overview of the global semiconductor laser treatment market

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. 

Competitive landscape and key vendors

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 -

• Cutera
• Cynosure
• Lumenis
• Topcon

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.

Segmentation by application and analysis of the semiconductor laser treatment market

• Aesthetics/Cosmetics
• Surgical
• Ophthalmic
• Dental

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.

Geographical segmentation and analysis of the semiconductor laser treatment market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the semiconductor laser treatment market?
• What are the key market trends impacting the growth of the semiconductor laser treatment market?
• What are the challenges to market growth?
• Who are the key vendors in the semiconductor laser treatment market?
• What are the market opportunities and threats faced by the vendors in the semiconductor laser treatment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the semiconductor laser treatment market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Semiconductor Laser Treatments for the Healthcare Market 2016-2020
• Aesthetic Laser and Energy s Market in the US 2016-2020
• Global Medical Laser Systems Market 2015-2019

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.