Wellesley, Mass. – In a recent release, GLOBAL MARKETS AND TECHNOLOGIES FOR MEDICAL LASERS (HLC072B) from BCC Research (www.bccresearch.com), the global market for medical lasers was valued at $3 billion in 2011. This market is expected to grow at a compound annual growth rate (CAGR) of 17.3% to reach nearly $6.8 billion in 2016.
The medical laser market can be divided into two segments by application – therapeutic and diagnostic.
The therapeutic segment accounted for $2.2 billion in 2011, and after increasing at a CAGR of 10.5%, should approach $3.7 billion in 2016.
The diagnostic segment was valued at more than $800 million in 2011 and, increasing at a CAGR of 30.6%, should surpass $3 billion in 2016.
In recent years, continuing advances have been made in the use of lasers in biomedical science, diagnostics, and imaging techniques, particularly the development of photon time-of-flight measurements, confocal scanning, multi-photon imaging and fluorescence, and Raman-based techniques. Many of these techniques can be used with patients for diagnosis or to guide and monitor treatments.
The global recession of 2008 and 2009 had a significant negative impact on the market for medical lasers. Much of the demand for medical lasers is derived from elective procedures, such as laser-assisted eye surgery, which many consumers postponed as they tightened their belts in response to the recession. That said, an overall CAGR of 17.3% is indicative of a healthy outlook for the market in the near to mid-term future.
This report is intended especially for vendors of medical lasers, as well as government agencies, healthcare policy analysts, and others seeking to understand the medical applications of laser technologies. Others who may find it useful include executive management, marketing, and financial analysts in any of the many laser industries.
In addition to HLC072B, BCC also has published HLC103A, HLC104A, and HLC105A. These reports cover medical lasers with focuses, respectively, on the U.S. and Canada; Europe; and the Asia-Pacific and emerging markets regions.
Global Markets and Technologies for Medical Lasers( HLC072B )
Publish Date: January 2012
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