Medical Laser Fiber Market, By Type (Solid-State Laser Devices, Alexandrite Laser Devices, Potassium Titanyl Phosphate Laser Devices, Ruby Laser Devices, Gas Laser Devices, Co2 Laser Devices, Excimer Laser Devices, Argon Laser Devices, Diode Laser Devices, Dye Laser Devices), By Application (Dermatology, Ophthalmology, Urology, Other Applications), By Region - Global Analysis Forecast Till 2030

From 2022 to 2030, the Medical Laser Fiber Market is expected to grow at a CAGR of 17.1%, reaching $7.08 billion.

A medical laser fiber is a flexible fibre-optic delivery system for laser energy to the surgical site. Laser fiber systems are frequently used to diagnose ophthalmological, oncological, neurological, dermatological, and gynecological disorders. These systems, along with photosensitizers, aid in removing atherosclerotic plaques and destroying cancer cells. Low-energy laser fiber systems are used to irradiate blood and wounds that are not healing properly. These fiber come in various colors and sizes; the smaller ones are more flexible. Most laser fiber are intended for single use only. Some of the most common laser fiber systems are fiber-optic surgical lights, laser fiberoptics, fiber-optic dental lights, and endoscopes.

Market Dynamics                                                                     

Drivers:

The medical procedure performed by the fiber laser system takes only a few minutes. Only two small cut marks remain; no hospitalizations are required following the surgery. As a result, the primary advantage of fiber laser treatment is the potential to restart the cycle if sweeps reveal that it did not eradicate all the cancers the first time around. Fiber laser treatment poses no significant risks compared to a lumpectomy system. Because these processes are in high demand in the medical industry, manufacturing companies are primarily concerned with expanding their operations by increasing production. This type of demand is expected to drive the global medical laser fiber market share.

The various applications of medical laser fiber necessitate an increase in production rate for manufacturers. Many diseases can be distinguished by using optical fiber spectroscopic examination to detect explicit changes in the atomic organization. Laser fiber play a very important role in urology, from cutting soft tissues to hair removal and the diagnosis. In the medical industry, they are also used to treat bladder stones. During the forecast period, hospitals and medical universities are expected to drive the medical laser fiber market growth.

Restraints:

The risk of a flexible scope with reusable laser fiber results in high repair costs. Patients may also develop infections at the treatment site, and skin damage may occur due to muscle tissue disruption. Laser medical procedure risks include inadequate treatment of the problem, agony, contamination, death, scarring, and skin variety changes. Exposure to the laser wavelength may endanger the doctors' and nurses' eyes in the laser treatment room. These factors limit the global medical laser fiber market growth.

Key players:

• Lumenis, Ltd.  

• Fotona d.o.o.  

• BIOLASE, Inc.

• IRIDEX Corporation

• CUTERA, INC.  

• Alna-Medicalsystem AG & Co. KG

• Bausch & Lomb Incorporated  

• Boston Scientific Corporation  

• Alcon, Inc. (Switzerland),

• STRYKER CORPORATION

• Alma Lasers

• biolitec AG

• Bluecore Company

• Cynosure

• PhotoMedex

• Spectranetics

Market Segmentation:

By Type

• Solid-State Laser Devices

  • Alexandrite Laser Devices

  • Potassium Titanyl Phosphate Laser Devices

  • Ruby Laser Devices

• Gas Laser Devices

  • Co2 Laser Devices

  • Excimer Laser Devices

  • Argon Laser Devices

• Diode Laser Devices

• Dye Laser Devices

By Application

• Dermatology

• Ophthalmology

• Urology

• Other Applications

By Geography

• North America

• Europe

• Asia-Pacific (APAC)

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

The United States is the leading producer, and North America accounts for the majority of the global medical laser fiber market. The market demand for these medical devices is attributed to the various applications of laser fiber in the medical industry. One of these countries' major advantages is their high medical laser fiber consumption rate. New production and technology facilities for these laser fiber also contributed to the growth of various regional manufacturing companies, facilitating market growth.

Scope of the Report:

User

Tab Content