Global Fiber Lasers Market

The cardiovascular medical lasers market consists of the sale of cardiovascular medical lasers and related services by entities that manufacture them. Cardiovascular medical lasers are used in the treatment of heart-related medical conditions especially for clearing heart blockages. The cardiovascular medical lasers market covered in this report is segmented by type into excimer laser and carbon dioxide laser. The carbon dioxide laser helps in removing thin layers of skin with minimal damage to the surrounding structures. These are used in various applications such as laser vascular anastomosis, transmyocardial laser revascularization, and laser angioplasty for peripheral arterial diseases that are used by end users such as hospitals, specialty clinics, and ambulatory surgery centers. The global cardiovascular medical lasers market size is expected to grow from $0.10 billion in 2021 to $0.15 billion in 2022 at a compound annual growth rate (CAGR) of 44.3%. The global cardiovascular medical laser market is expected to grow to $0.66 billion in 2026 at a CAGR of 45.6%. The rising prevalence of cardiovascular diseases is expected to drive the cardiovascular medical laser market. The increased prevalence of cardiovascular diseases can be attributed to the increase in the use of smoking, physical inactivity, and an unhealthy diet. For instance, according to the World Health Organization, in 2019, 17.9 million people died from cardiovascular diseases worldwide. According to the British Heart Foundation, coronary heart disease is responsible for around 64,000 deaths in the UK each year, an average of 180 people each day, or one death around every eight minutes. One in seven men and one in 12 women in the UK die from coronary heart disease. Therefore, the increasing prevalence of cardiovascular diseases is expected to drive the growth of cardiovascular medical lasers. Alternative treatment methods for cardiovascular ailments are increasingly becoming popular globally and this is expected to have a negative impact on the revenues of the cardiovascular medical laser market. Treatments of heart diseases using medical procedures such as coronary angioplasty, stent implantation, thrombolytic therapy, coronary artery bypass graft surgery (CABG), artificial pacemaker surgery, defibrillation, and heart valve surgery are more commonly used for the treatment of heart disease compared to the treatments employing lasers. According iData Research, around 340,000 CABG procedures are performed per year in the United States. This trend is expected to continue during the forecast period and limit the demand for cardiovascular medical lasers. Cardiovascular medical laser manufacturers are constantly investing in technologies for faster diagnosis and efficient treatment of heart conditions. Areas of technological advances include new wavelengths, more rugged setups, lower-cost systems, and other advancements are being combined with minimally invasive techniques. FDA cleared Ra Medical’s vascular products including cardiovascular lasers that can be used to treat peripheral arteries and veins. The laser works at 308-nanometer wavelength, which breaks chemical bonds and decomposes the blockage into its part, thereby reducing the risk for the patient. In October 2019, AngioDynamics Inc., a US-based medical device company, acquired Eximo Medical for $66million. This acquisition extends the current product line of AngioDynamics vascular treatments and therapies by incorporating the patented 355nm laser atherectomy system from Eximo, which has earned 510(k) approval for use in the treatment of peripheral artery disease. Eximo Medical is an Israeli medical device company that offers minimally invasive medical devices used for cardiovascular diseases and oncology. Major players in the cardiovascular medical lasers market are Boston Scientific Corp, Cardiovascular Systems, AngioDynamics, Royal Philips NV, and RA Medical Systems. North America was the largest region in the cardiovascular medical lasers market in 2021. Asia Pacific was the second largest region in the global cardiovascular medical lasers market during the forecast period. The regions covered in the global cardiovascular medical laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the cardiovascular medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global cardiovascular medical lasers market is segmented - 1) By Type: Excimer Laser, Carbon Dioxide Laser 2) By Application: Laser Vascular Anastomosis, Transmyocardial Laser Revascularization, Laser Angioplasty for Peripheral Arterial Diseases 3) By End-Use: Hospitals, Specialty Clinics, Ambulatory Surgery Centers

The cosmetic lasers market consists of sales of cosmetic lasers by entities (organizations, sole traders, and partnerships) that manufacture cosmetic lasers used during cosmetic surgeries. A cosmetic laser is a device used to reduce facial wrinkles and skin irregularities, such as acne scars or blemishes. Cosmetic lasers are also used for removing unwanted hair from the body by beaming highly concentrated light into the hair follicles. It is used to treat In medical conditions, it is used to treat such as sagging eyelid skin, aging skin problems, wrinkles on the face birthmarks, fine lines, and dark circles. The main types of cosmetic lasers are standalone lasers, multiplatform lasers, and the models include pulsed dye laser (PDL), yttrium aluminum garnet (YAG) laser, carbon dioxide laser, erbium, intense pulsed light (IPL), radiofrequency, infrared, others. Standalone lasers have a single wavelength and a small variety of applicators used for treating a narrow range of indications. The multiplatform lasers use a handpiece with a small laser rod positioned inside having different wavelengths for a range of indications. The cosmetic laser is used by hospitals, skincare clinics, cosmetics surgical centers and is applied in various areas including hair removal, skin resurfacing, vascular lesions, scar and acne removal, body contouring, others. The global cosmetic lasers market size is expected to grow from $2.02 billion in 2021 to $2.41 billion in 2022 at a compound annual growth rate (CAGR) of 19.1%. The global cosmetic laser market is expected to grow to $4.95 billion in 2026 at a CAGR of 19.7%. Rising medical tourism supported the growth of the cosmetic lasers market over the historic period. The wide availability of better quality and low costs treatment options is increasing demand for medical tourism which provides better facilities and experienced doctors for better treatment and care, at an economical price. The rise in medical tourism, especially cosmetic surgery medical tourism is likely to escalate the demand for cosmetic lasers. For instance, according to foreign tourist arrivals (FTAs) in India, the medical visas recorded in 2019 were 2,33,918. Medical visitors come to the country for its top-line cancer treatment centers and expertise in cosmetic surgery. Therefore, the upraising medical tourism industry is predicted to augment the demand for cosmetic lasers. The stringent regulations for cosmetic laser products for approval and marketing could be expected to be a restraint for the market in the forecast period. The laser device manufacturers have to comply with several regulations relating to radiation safety, device efficiency and performance, and other FDA guidelines on major hazard classes. The stringent regulatory processes and standards for cosmetic lasers delay the time required for the device to get to the market which could act as a restraint in the forecast period. The companies are increasingly focusing on developing innovative and technologically advanced products to meet the requirement of end-users, expand the company product portfolio, and maximize company sales. For instance, in January 2020, Lumenis, an Israel-based manufacturer of minimally-invasive clinical solutions for aesthetic, surgical, and ophthalmology markets launched LightSheer Quattro, a product that offers hair removal treatment for all skin types. In 2019, India-based medical and aesthetic solutions company, Alma Medical launched a novel device for hair removal named Saprano Titanium, which is quicker, painless, and covers a greater area using multiple wavelengths. In December 2019, US-based private equity company, Potomac Equity Partners, through its portfolio company, Laser MD Medspa, acquired Laser Gentle Medspa for an undisclosed amount. Through this acquisition, Laser MD Medspa expands its geographical presence and gains access to a full suite of cosmetic and aesthetic treatments, including laser hair removal services. Laser Gentle Medspa is a US-based company specializing in laser hair removal, skin rejuvenation, body contouring, and others. Major players in the cosmetic lasers market are Cutera Inc, Cynosure Inc, Lumenis, Aerolase Corporation, ALMA LASERS LTD, Sciton Inc, Syneron Candela, Solta Medical International Inc, ElEn SpA, Lynton Lasers Ltd, and Medicure Group Of Companies. The regions covered in the global cosmetic lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cosmetic laser market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global cosmetic lasers market is segmented - 1) By Type: Standalone Lasers, Multiplatform Lasers 2) By Modality: Pulsed Dye Laser (PDL), YAG Laser, Carbon Dioxide Laser, Erbium, Intense Pulsed Light (IPL), Radiofrequency, Infrared, Others 3) By Application: Hair Removal, Skin Resurfacing, Vascular Lesions, Scar and Acne Removal , Body Contouring, Others 4) By End-User: Hospitals, Skin care clinics, Cosmetics Surgical Centre

The dental lasers market consists of sales of dental lasers and related services by entities (organizations, sole traders, and partnerships) that manufacture dental lasers. Dental lasers are used in the treatment of medical conditions related to teeth. These lasers are used to perform tasks such as gum reshaping, removal of bacteria during the root canal, biopsy, or lesion removal. Only goods and services traded between entities or sold to end consumers are included. The main products in dental lasers are soft tissue, all tissue, and dental welding lasers. Dental welding lasers are devices that are used to treat teeth-related medical conditions. The various applications involved are conservative dentistry, endodontic treatment, oral surgery, implantology, peri-implantitis, periodontics, and tooth whitening. The various end-users involved are hospitals and dental clinics. The global dentistry medical lasers market size is expected to grow from $0.15 billion in 2021 to $0.17 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global dentistry medical laser market is then expected to grow to $0.25 billion in 2026 at a CAGR of 10.6%. The rising prevalence of oral diseases contributed to the growth of the dental lasers market. According to the World Health Organization, oral health conditions include dental caries, periodontal diseases, oral cancers, Noma, and other diseases. The prevalence of periodontal disease, common gum disease in adults, was reported to range between 20% to 50%. For instance, according to World Health Organisation data 2020, More than 530 million children suffer from dental caries of primary teeth (milk teeth). Severe periodontal (gum) disease, which is resulting in tooth loss, with almost 10% of the global population affected. The rise in the prevalence of oral disease increased the demand for lasers to treat oral diseases thereby driving the dental lasers market. The growing geriatric population globally contributed to the dental lasers market. According to the World Bank population, in 2019, 9.9% of the world population is above 65 years of age and according to the United Nations (UN), the population over 80 years is projected to triple from 143 million in 2019 to 426 million in 2050. According to the Centers for Disease Control and Prevention, 1 in 5 that is 13% of adults over 65 years of age have lost all their natural teeth and 26% of adults over 75 years. The growing geriatric population boosted the demand for dental services and this, in turn, drove the market for the dental lasers market. The high cost and limitations of dental lasers are expected to limit the dental lasers market. According to WebMD, a publisher of information on human health, the cost of the dental laser machine is much higher compared to the cost of a traditional dental drill. The cost of the dental laser is from a few thousand dollars to above $100,000 that can be used for teeth cutting and the cost of the dental drill is around $600. The dental laser has limitations such as not being used for teeth with fillings in place, filling cavities located in between teeth, and cannot being used to remove defective crowns or silver fillings. The high cost and limitations associated with a dental laser make it less accessible to a large population and harm the dental lasers market. In July 2019, LightScalpel was merged with its sister company LuxarCare into one organization by Aesculight, the parent company for both companies. The merging of the two companies is to maximize operational efficiencies and to best serve the global markets. LuxarCare has technical experience in both the industrial and medical carbon dioxide (CO2) laser marketplace. LightScalpel is an American-based surgical CO2 laser designer and manufacturer located in Bothell, Washington. Major players in the dental lasers market are Biolase, Dentsply Sirona, Fotona, AMD Lasers, ZOLAR Technology, Convergent Dental, THE YOSHIDA DENTAL, CAO Group, MORITA, and Bison Medical. The regions covered in the global dentistry medical lasers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dental lasers market reports are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global dentistry medical lasers market is segmented - 1) By Product: Soft Tissue, All Tissue, Dental Welding Lasers 2) By End-User: Hospitals, Dental Clinics 3) By Application: Conservative Dentistry, Endodontic Treatment, Oral Surgery, Implantology, Peri-Implantitis, Periodontics, Tooth Whitening

The dermatology medical lasers market consists of sales of dermatology medical lasers and related services by companies that manufacture them. Dermatology medical lasers are used in the treatment of medical conditions related to the skin and for cosmetic procedures such as scar removal, skin rejuvenation, skin lightening, hair removal, and tattoo removal. The main devices of dermatology medical lasers are surgical lasers and vascular lasers. Vascular laser is a type of device that is utilized to treat vascular lesions, like port wine stains, spider veins, rosacea, and wrinkles by targeting the vessels in these specific areas. The various applications involved are cancer, hair removal, tattoo removal, resurfacing, and others that are used by various end-users such as hospitals, skincare clinics, and cosmetic surgical centers. The global dermatology medical lasers market size is expected to grow from $2.56 billion in 2021 to $3.04 billion in 2022 at a compound annual growth rate (CAGR) of 19%. The global dermatology medical lasers market size is expected to grow to $5.82 billion in 2026 at a compound annual growth rate (CAGR) of 17.6%. The growing demand for cosmetic procedures is expected to drive the dermatology medical lasers market. There has been an increase in the number of people opting for cosmetic procedures to enhance the appearance levels and treatment of defects on the skin. According to the American Society of Plastic Surgeons data, $16.7 billion was spent on cosmetic procedures in the U.S. in 2020. The poll also revealed that 11% of women surveyed said they are more interested in cosmetic plastic surgery or non-surgical procedures than before COVID-19 . Dermatology lasers are used in cosmetic procedures such as removal of fine lines, wrinkles, skin tightening, pigmented lesions, precancerous lesions, vascular lesions, tattoos, hair removal, acne scars, and others. Hence, the growing demand for cosmetic procedures among users aids in the growth of the dermatology medical lasers market. Alternatives for laser skin treatment are expected to hinder the dermatology medical lasers market. The growing popularity of alternative methods of skin treatment such as the use of drugs, chemical treatment, microneedle, and Botox surgery is expected to hinder the growth of the market. For instance, as per the survey by eMediHealth of 64 dermatologists from October to November 2019, drug therapy such as Isotretinoin and retinoids have a higher success rate for acne treatment with 75% dermatologists preferring it over laser therapy. Thus, the demand for alternatives is expected to restrain the market growth. Companies are increasingly investing in Picosecond Lasers for skin treatments other than tattoo removal as they have found their use in the treatment of acne, skin lightening, and skin tightening. For instance, in February 2019, LaserOptek received FDA clearance for its PicoLO picosecond laser device used for the treatment of scars and skin rejuvenation. Therefore, the use of picosecond lasers in dermatological processes is expected to be the new trend in the dermatology medical lasers market. In March 2020, SemiNex Corporation, a U.S-based high-diode manufacturer, announced its collaboration with Dermal Photonics Corporation, a manufacturer of Nira skincare - a professional home laser technology. Through this collaboration, SemiNex Corporation plans to enhance home-based lasers for dermatology procedures. Dermal Photonics is a US-based medical device company. Major players in the dermatology medical lasers market are Cynosure, Peninsula, Miracle Laser, Syneron, Shenzhen GSD, Sinocheren, Fotona, Alma Lasers Ltd, and Cutera. North America was the largest region in the dermatology medical lasers market in 2021. Asia Pacific was the second largest region in the global dermatology medical lasers market during the forecast period. The regions covered in the global dermatology medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dermatology medical lasers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global dermatology medical lasers market is segmented - 1) By Device: Surgical Lasers , Vascular Lasers 2) By End-users : Hospitals, Skin Care Clinics, Cosmetic Surgical Centres 3) By Application: Cancer, Hair Removal, Tattoo Removal, Resurfacing, Other Applications

The gynecology medical lasers market consists of sales of gynecology medical lasers and related services by entities (organizations, sole traders, and partnerships) that manufacture gynecology medical lasers. Gynecology medical lasers are used in the treatment of diseases in the female reproductive system. Only goods and services traded between entities or sold to end consumers are included. The gynecology medical lasers market covered in this report is segmented by product type into CO2 laser, KTP–argon laser, and Nd:YAG laser. CO2 laser helps in removing thin layers of skin with minimal damage to the surrounding structures. The various applications involved are colposcopy, laparoscopy, and hysteroscopy that are used by end-users such as hospitals, specialized clinics, ambulatory surgical centers, and medical centers. The global gynecology medical lasers market size is expected to grow from $0.15 billion in 2021 to $0.22 billion in 2022 at a compound annual growth rate (CAGR) of 42.8%. The global gynecology medical laser market is expected to grow to $0.93 billion in 2026 at a CAGR of 43.9%. Rising obesity is expected to drive the gynecology medical lasers market. Overweight women have a higher incidence of gynecology disorders. Overweight and obese women are at high risk of reproductive health-related issues. They have a higher risk of infertility, conception rates, miscarriage rates, and increased risk for pregnancy complications. They have poor reproductive outcomes in natural as well as assisted conception. Increasing obesity in women across the globe is driving the demand for gynecology treatment, hence driving the gynecology medical lasers market. The high costs associated with gynecology lasers are a major issue faced by patients across the globe, especially in developing countries. The pressure to contain costs and demonstrate value is widespread. Political uncertainty and persistent economic stress in numerous countries are calling into question the sustainability of public health care funding. Carbon dioxide laser is the system most commonly used in gynecology and the main indications are a disease of the uterine cervix, vagina, vulva, or perineum. The only disadvantage is their high cost. For instance, CO2 laser therapy costs more than $500 per treatment, with three treatments required initially, followed by annual treatments. Therefore, the high cost of gynecology laser treatment and the lack of skilled technicians in developing countries hamper the demand for such lasers and impact market growth. Gynecology medical laser manufacturers are constantly investing in technologies for faster diagnosis and efficient treatment of gynecological conditions. Areas of technological advances include new wavelengths, more rugged setups, lower-cost systems, and other advancements are being combined with minimally invasive techniques. For instance, FDA cleared the use of the Dynamis PRO laser system for treatments in gynecology and genitourology, which uses two complementary wavelengths, for fast and precise treatments. Major players in the gynecology medical lasers market are Quanta System S.p.A, Cynosure, biolitec AG, Boston Scientific Corporation, DEKA Medical, Limmer Laser, Linline Medical Systems, Fotona, GIGAA Laser, and LISA laser products. North America was the largest region in the gynecology medical lasers market in 2021. Asia Pacific was the second largest region in the global gynecology medical lasers market during the forecast period. The regions covered in the global gynecology medical laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the gynecology medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global gynecology medical lasers market is segmented - 1) By Product Type: CO2 Laser, KTP–Argon Laser, Nd:YAG Laser 2) By Application: Colposcopy, Laparoscopy, Hysteroscopy 3) By End-User: Hospital, Specialized Clinics, Ambulatory Surgical Centers, Medical Centers

The medical lasers market consists of sales of medical lasers and related services by entities (organizations, sole traders, and partnerships) that manufacture medical lasers. Medical lasers are devices that treat or remove tissues using precisely focused light sources. Medical lasers find their applications in several surgical procedures including eye surgery, cosmetic surgery, dental procedures, and other general procedures. The main type of medical lasers is solid-state laser systems, gas laser systems, dye laser systems, and diode laser systems. The solid-state laser system is a laser system that uses a gain medium as a solid instead of liquid as in dye lasers and gas as in gas lasers. The applications involved are surgical, cosmetic, and dental. The end-users involved are ophthalmology, dermatology, gynecology, dentistry, urology, cardiovascular, and other The global medical lasers market size is expected to grow from $4.84 billion in 2021 to $5.56 billion in 2022 at a compound annual growth rate (CAGR) of 14.9%. The global medical laser market size is expected to grow to $9.31 billion in 2026 at a CAGR of 13.7%. The increased demand for minimally invasive procedures contributed to the medical lasers market’s growth during the period. The surge in aesthetic and cosmetic procedures propelled the demand for minimally invasive surgeries worldwide. According to the article published by Beautynews in April 2021, the number of facial plastic surgery procedures in the USA in 2020 is approximately 56,084 and the one was the brow lift procedure is nearly 31,404. Thus, the high usage of medical lasers to perform minimally invasive aesthetic and cosmetic surgeries increases the demand for medical lasers. The high cost of surgeries limits the growth of the medical lasers market. The high cost of treatments involving medical lasers limited the adoption and demand for lasers used to perform minimally invasive surgeries. For instance, the average cost of LASIK surgery performed in the USA was $2,246 per eye in 2019. Therefore, the high and increasing cost of surgeries is likely to act as a restraint to the growth of the medical lasers market. Major players operating in the market are focusing on developing new innovative products with advanced techniques to serve the healthcare professionals and their patients better. For instance, in April 2019, Lumenis Ltd., an energy-based medical device company based in Israel, introduced Legend Pro+, a new skin rejuvenating technology and a unique multi-application platform powered by clinically proven and complementary technologies. Similarly, in July 2019, Ra Medical Systems, a USA-based medical laser company, announced the launch of Pharos, a new dermatology excimer laser for the treatment of psoriasis, atopic dermatitis, and vitiligo. Pharos offers better comfort and visibility of the treatment site and is designed to improve physician and patient experience. In December 2019, Lumibird Group (Quantel Medical), a France-based company that specializes in medical lasers, announced the acquisition of Ellex’s laser and ultrasound business for $69 million. The acquisition is expected to expand Lumibird Group’s product portfolio with Ellex’s laser and ultrasound technologies for the diagnosis and treatment of ocular diseases. Both companies focus on strengthening the portfolio for diagnostic devices including ultrasound and laser products. Ellex is an Australia-based company engaged in manufacturing ophthalmic lasers and ultrasound systems. Major players in the medical lasers market are El.En. S.p.A, Ellex Medical Lasers Ltd, Lumenis, Alcon Laboratories Inc, AngioDynamics Corp, American Medical Systems Inc, Biolase Inc, Bausch & Lomb Holdings, Cardiogenesis Corporation Inc, and Boston Scientific. North America was the largest region in the medical lasers market in 2021. Asia Pacific was the second largest region in the global medical lasers market during the forecast period. The regions covered in the global medical laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical lasers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global medical lasers market is segmented - 1) By Product Type: Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Diode Laser Systems 2) By Application: Surgical, Cosmetic, Dental 3) By End-Use: Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiovascular, Others

The ophthalmic medical lasers market consists of sales of ophthalmic medical lasers and related services by companies that manufacture them. Ophthalmic medical lasers are used for the pain-free treatment of diseases related to the eyes. The main products of the ophthalmic medical lasers are diode lasers, femtosecond lasers, excimer lasers aromatherapy, ND:YAG lasers, and others. A diode laser is a semiconductor that uses a p-n junction for producing coherent radiation with the same frequency and phase which is either in the visible or infrared spectrum. The various applications include refractive error correction, cataract removal, diabetic retinopathy, glaucoma, age-related macular degeneration, and others. The various end-users are hospitals, specialty clinics, and ambulatory surgery centers. The global ophthalmic medical lasers market size is expected to grow from $1.04 billion in 2021 to $1.12 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The global ophthalmic medical laser market is expected to grow to $1.46 billion in 2026 at a CAGR of 6.8%. The rising incidence of ocular disorders is driving the demand for the ophthalmic medical lasers market. Ocular disorders are the ones that affect vision and eye health in patients of all ages and treatment with lasers helps reshape the eye cornea for better focus, which contributes to an improved vision. According to a publication by the World Health Organization (WHO) in October 2019, 1 billion people have lost the vision that could have been kept in check, including those with mild to extreme distance vision deficiency to blindness due to untreated refractive error (123.7 million), cataract (65.2 million), glaucoma (6.9 million), corneal distortion (4.2 million), diabetic retinopathy (3 million), and trachoma (2 million) as well as close vision loss (826 million) induced by unaddressed presbyopia. The rise in the incidence of ocular disease that requires laser treatment contributes to the growth of the ophthalmic medical lasers market. The availability of alternative therapies for vision correction is expected to hinder the ophthalmic medical lasers market. The alternatives for lasers in ophthalmology include using a lens for correcting the vision using techniques such as Phakic Intraocular Lens Implants, and Refractive Lens Exchange Surgery. According to the statistics by the American Society of Cataract and Refractive Surgery (ASCRS), 95% of patients who choose to have a standard IOL procedure, which is considered safe for cataract surgery, experience fully restored vision. Therefore, the availability of alternative therapies to correct vision is expected to hamper the ophthalmic medical lasers market. Companies are investing in manufacturing devices that incorporate next-generation technology to treat ocular diseases. Following the trend, in October 2019, Norlase had entered the ophthalmic market with a new single spot laser called LEAF, which is an ultra-compact green laser photocoagulator. In Feb 2020, IRIDEX Corporation, an innovative ophthalmic laser-based medical products provider for the treatment of glaucoma and retinal diseases has launched the second generation of the MicroPulse P3® Device that gives greater stability, visualization, coupling, and fit. In June 2020, Lumibird, a leading France-based laser technologies specialist acquired all of Ellex's laser and ultrasound activities for $70 million. Through this acquisition, the Lumibird group aimed to strengthen its current product portfolio with complimentary high-quality products, and extend its geographical presence, particularly in the US and Japan, as the acquisition included Ellex’s R&D and production site in Adelaide and the commercial subsidiaries based in Australia, Japan, the US, France, and Germany. Ellex is a leading Australia-based ophthalmic equipment manufacturer. Major players in the ophthalmic medical lasers market are Alcon Laboratories Inc, Abbott Medical Optics Inc, Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Topcon Corporation, Ziemer Ophthalmic Systems AG, IRIDEX Corporation, NIDEK Co Ltd, Lumenis Ltd, and Johnson & Johnson. North America was the largest region in the ophthalmic medical lasers market in 2021. Asia Pacific was the second largest region in the global ophthalmic medical lasers market. The regions covered in the global ophthalmic medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ophthalmic medical lasers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global ophthalmic medical lasers market is segmented - 1) By Product: Diode Lasers, Femtosecond Lasers, Excimer Lasers Aromatherapy, ND:Yag Lasers, Others 2) By End-User: Hospitals, Specialty Clinics and Ambulatory Surgery Centres 3) By Application: Refractive Error Correction, Cataract Removal, Diabetic Retinopathy, Glaucoma, Age-Related Macular Degeneration, Others

The laser weapon systems market consists of sales of laser weapons by entities (organizations, sole traders, and partnerships) that manufacture directed-energy weapons based on lasers. The laser weapon system generates high-energy pulses, that enable an impact on the target. This type of weapon works on the principle of light amplification through stimulated radiation emission (LASER). The main types of products in laser weapons systems are laser designator, LIDAR, 3D laser scanning, laser range finder, ring laser gyro, and laser altimeter. Laser designator is a type of laser weapons system that allows laser designation or surveillance squad to target the designation of laser-guided munitions. The different technologies include solid-state laser, chemical laser, free-electron laser, chemical oxygen-iodine laser, tactical high energy laser, others and is used in air-based, ground-based, and sea-based operations. The global laser weapon systems market size is expected to grow from $4.81 billion in 2021 to $5.39 billion in 2022 at a compound annual growth rate (CAGR) of 11.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The laser weapon system market is expected to reach $8.53 billion in 2026 at a CAGR of 12.1%. The increasing investment in military and defense is expected to contribute to the growth of the laser weapon systems market in the coming years. Air-based laser weapon systems provide flexibility and accuracy for self-protection against aircraft, missiles, and ground-based weapons in the military and defense sectors. For instance, according to the Stockholm International Peace Research Institute, global military spending rose to $1981 billion in 2020, a 2.6% increase from 2019. Furthermore, in April 2021, the US Air Force granted a $15.5 million deal for Raytheon Technologies, a US-based aerospace and defense company to develop an enhanced version of a dune buggy-mounted laser weapon system and in 2019, Raytheon Technologies was also granted a $23.8 million deal for two prototypes of the high-energy laser weapon system (HELWS). Therefore, the increase in investments in military and defense propels the market for laser weapon systems. The increasing research and development activities in laser weapons are shaping the laser weapon systems market. With growing defense budgets and research grants, militaries around the world are using high-energy laser equipment and investing heavily in research and development. For instance, in May 2021, the US military began research on a prototype laser weapon for short-range air defense, which is a 50-kilowatt high-energy laser mounted on an identifiable position of a Stryker A1 vehicle to lock, track and destroy air threats. In November 2019, nLight, a US-based developer of high-power semiconductor and fiber lasers, acquired Nutronics for $17.5 million. This acquisition provided nLight customers with a wide range of directed energy products from semiconductor lasers to beam control. Nutronics specializes in coherent lasers and beams control systems for high-energy laser (HEL) systems for the defense sector. Major players in the laser weapon systems market are Applied Technology Associates, Boeing, Elbit Systems Ltd., General Atomics, BAE Systems, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Thales Group, Kratos, Leidos, Leonardo SpA, and Rafael Advanced Defense Systems. North America was the largest region in the laser weapon systems market in 2021. The regions covered in the laser weapon systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the laser weapon systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global laser weapon systems market is segmented - 1) By Product: Laser Designator, LIDAR, 3D Laser Scanning, Laser Range Finder, Ring Laser Gyro, Laser Altimeter 2) By Technology: Solid State Laser, Chemical Laser, Free Electron Laser, Chemical Oxygen Iodine Laser, Tactical High Energy Laser, Others 3) By Application: Air-Based, Ground-Based, Sea-Based