What Has Been the Progress and Growth of the Argon Lasers Market in Recent Years?
The argon lasers market has seen considerable growth due to a variety of factors.
• Over the past few years, the argon lasers market has seen a substantial increase in size. The market is expected to expand from a value of $2.32 billion in 2024 to $2.54 billion in 2025 with a compound annual growth rate (CAGR) of 9.4%.
The reasons for this growth in the previous period include a growing need for less invasive surgical procedures, expansion in the fields of dermatology and ophthalmology, an increase in chronic diseases, advancements in laser technology, and a rising trend in the use of laser-based scientific tools.
What Is The Expected Growth In The Argon Lasers Market?
The argon lasers market is expected to maintain its strong growth trajectory in upcoming years.
• The market for argon lasers is predicted to experience substantial growth in the coming years, with its size expected to rise to $3.6 billion by 2029 at a 9.1% compound annual growth rate (CAGR).
The growth within this forecast period is expected due to several factors such as the rising utilization of laser therapies in developing markets, the escalating demand for accuracy in medicine, expanding use in cosmetics and aesthetic procedures, the evolution in personalized medical solutions, and ongoing developments in the field of photonics. Forecast trends include a shift towards minimally invasive procedures, advancements in versatile laser wavelengths, improvements in portable and energy-efficient laser technologies, expansion into veterinary uses, and an intensified emphasis on environmentally friendly laser technologies.
What Main Forces Are Fueling Expansion In The Argon Lasers Market?
The argon laser market is predicted to expand due to the rising prevalence of skin disorders. Skin disorders, which manifest as irritation, inflammation, and changes in skin appearance, are increasingly common due to factors like growing pollution levels, shifts in lifestyles, and heightened exposure to harmful substances. Argon lasers contribute to the treatment of skin disorders by using specific wavelengths to accurately remove or repair injured skin tissues and decrease pigmentation or vascular lesions. For example, the American Cancer Society, a non-profit organization based in the United States that's committed to eradicating cancer, anticipates 108,270 skin cancer cases in January 2024, marking a 3.2% rise from the 104,930 cases documented in 2023. Consequently, the escalating prevalence of skin disorders is expected to bolster growth in the argon laser market.
What Are The Primary Segments In The Global Argon Lasers Market?
The argon lasers market covered in this report is segmented –
1) By Type: Argon Ion Laser, Argon Excimer Laser
2) By Revenue: Laser Revenue, System Revenue
3) By Application: Medical Equipment, Spectral Analysis, Industrial Processing, Information Processing, Other Applications
Subsegments:
1) By Argon Ion Laser: Continuous Wave (CW) Argon Ion Lasers, Pulsed Argon Ion Lasers, Multi-Line Argon Ion Lasers, Single-Line Argon Ion Lasers, Medical Argon Ion Lasers, Industrial Argon Ion Lasers
2) By Argon Excimer Laser: Gas-Discharge Excimer Lasers, Solid-State Excimer Lasers, UV Argon Excimer Lasers, Pulsed Argon Excimer Lasers, High-Power Argon Excimer Lasers, Medical Argon Excimer Lasers
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Which Key Trends Are Driving Changes In The Argon Lasers Market?
Key market players in the argon laser industry are focusing their efforts on creating cutting-edge products like IoT-capable argon laser chambers in response to the growing demand for high-performance applications in different sectors. These IoT-linked argon laser chambers carry the ability to monitor and control operations in real time, ensuring manufacturing processes are accurate, optimized, and manageable remotely. For instance, in April 2022, the Bharat Fritz Werner Ltd. (BFW) Group, a manufacturer based in India, unveiled the PHOTON 4000G, the largest and fastest laser-directed energy-deposition (L-DED) machine in the metal additive industry. The innovative system incorporates a sealed Argon Chamber measuring 36 cubic meter, a 10.4 cubic meter build envelope, and two deposition heads designed for powder and wire. The groundbreaking device is equipped with a 6KW fiber laser featuring a beam splitter, and sophisticated functions such as real-time process oversight, 5-axis regulation, and IoT-enabled intelligent technology.
Who Are the Key Players In The Argon Lasers Market?
Major companies operating in the argon lasers market are:
• Newport Corporation
• Coherent Inc.
• Lumentum Holdings Inc.
• Hamamatsu Photonics K.K.
• Thorlabs Inc.
• Edmund Optics
• Lumibird
• TOPTICA Photonics AG
• MPB Communications Inc.
• B&W Tek
• LASOS Lasertechnik GmbH
• Radiation Protection and Measurement Corporation (RPMC) Lasers Inc.
• EKSMA Optics
• Laser Components GmbH
• CrystaLaser
• National Laser Company
• Light Age Inc.
• PhotonTec Berlin GmbH
• Oxxius SA
• Olympus Life Science
• Modu-Laser
• Laserglow Technologies
What Is The Most Dominant Region In The Argon Lasers Market?
North America was the largest region in the argon lasers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the argon lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
