What Has Been the Growth of the Carbon Dioxide Laser Market So Far?
The carbon dioxide laser market has seen considerable growth due to a variety of factors.
• In recent times, the market size for the carbon dioxide laser has seen robust growth. It will increase from $3.91 billion in 2024 to approximately $4.18 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.8%.
The significant growth experienced in the past can be credited to the advent of co2 lasers in the medical field, the broadening scope in material processing, the flourishing electronics industry, the surge in aesthetic surgery, along with stringent environmental norms and safety regulations.
How Will the Carbon Dioxide Laser Market Size?
The carbon dioxide laser market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for robust expansion in the carbon dioxide laser market in the upcoming years, with forecasts predicting it will reach $5.38 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.5%.
This anticipated growth during the forecast period can be credited to factors like increased efficiency, infrastructural investment, cost-cutting measures, extended laser lifespan, and the introduction of subsidies and incentives. Major trends to watch during this period are technological progressions, continuous innovation, increases in beam quality, enhanced power outputs, and superior cooling systems.
Which Drivers Are Accelerating Growth In The Carbon Dioxide Laser Market?
The rising popularity of cosmetic surgeries is anticipated to stimulate the progression of the carbon dioxide laser market. Cosmetic surgery encompasses surgical interventions designed to amend or improve an individual's appearance for cosmetic purposes, involving procedures like facelifts, breast enlargement, and liposuction. Factors contributing to this increased demand include the influence of social media, developments in non-surgical facelifts, less intrusive surgical methods, and components of self-esteem and mental health. Carbon dioxide lasers are becoming more common in cosmetic surgeries due to their accuracy in procedures such as skin resurfacing, wrinkle reduction, scar minimization, and pigmentation treatment, ultimately enhancing their market demand. For instance, the British Association of Aesthetic Plastic Surgeons, a UK-based surgical group, reported in March 2023 that 31,057 cosmetic procedures were executed in 2022. This figure represents a 102% rise compared to the preceding year. Women represented 93% of these procedures, demonstrating a 101% increase from 2021. Meanwhile, men accounted for 7% of the total, marking a surge of 118% from the previous year. Consequently, the burgeoning need for cosmetic surgeries is underpinning the growth of the carbon dioxide laser market.
What Key Areas Define The Segmentation Of The Global Carbon Dioxide Laser Market?
The carbon dioxide laser market covered in this report is segmented –
1) By Output Power: Up To 50W, 50W To 500W, 500W To 1000W, Above 1000W
2) By Application: Therapeutic And Diagnostics, Lidar Imaging, Cutting And Perforations, Welding, Drilling
3) By End Use: Military And Defense, Aerospace, Metal Processing, Healthcare, Manufacturing, Automotive, Telecommunication
Subsegments:
1) By Up To 50W: Low-Power CO2 Lasers, CO2 Lasers For Engraving And Marking
2) By 50W To 500W: Medium-Power CO2 Lasers, CO2 Lasers For Cutting And Welding, Industrial CO2 Laser Systems
3) By 500W To 1000W: High-Power CO2 Lasers, CO2 Lasers For Thick Material Cutting, Laser Systems For Heavy-Duty Applications
4) By Above 1000W: Very High-Power CO2 Lasers, Industrial CO2 Laser Systems For Aerospace And Automotive Applications, Specialized CO2 Lasers For Research And Development
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How Are Emerging Trends Reshaping The Dynamics Of The Carbon Dioxide Laser Market?
Leading firms in the carbon dioxide laser market are prioritizing the creation of innovative products such as intelligent cameras that aid in setting toolpath coordinates and surveying the working area. These intelligent cameras are sophisticated imaging systems combined with the laser apparatus for overseeing, scrutinizing, and managing the laser's functioning. For instance, xTool, an industrial machinery manufacturing organization based in China, unveiled the P2 Intelligent 55W CO2 Laser Cutter in April 2023. This product is aimed at creators and small ventures looking for a professional-grade laser cutter sans the hefty pricing of industrial versions. This novel 55W CO2 laser cutter is poised to give a run to its high-end competitors with its quick cleaning capability through thick materials. This machine boasts intelligent cameras for precision, automatic passthrough for extended materials, and wide-ranging engraving. The machine comes wholly incased with improved safety measures, such as optional fire protection and smoke purification.
Who Are the Key Players In The Carbon Dioxide Laser Market?
Major companies operating in the carbon dioxide laser market are:
• FANUC Corporation
• TRUMPF Inc.
• Coherent Inc.
• Han’s Laser Technology Industry Group Co. Ltd.
• Jenoptik AG
• Novanta Inc.
• El.En. S.p.A.
• Lumenis Ltd.
• Alma Lasers
• Epilog Laser Inc.
• Amtec Inc.
• Edinburgh Instruments Ltd.
• PRC Laser Corporation
• Kern Laser Systems
• Graphic Solid Inks Inc.
• Boss Laser LLC
• Light Machinery Inc.
• LightScalpel LLC
• Rabbit laser
• United Skin Care
• Mtech Laser India Private Limited
What Is The Most Dominant Region In The Carbon Dioxide Laser Market?
North America was the largest region in the carbon dioxide laser market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon dioxide laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
