The global semiconductor laser treatment market to grow at a CAGR of 11.22% during the period 2016-2020.
Global semiconductor laser treatment market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Medical lasers use focused light sources with precision to treat tissue. A laser light has a specific wavelength in a narrow beam, creating a high-intensity light. The use of lasers in the healthcare sector has proved to be a boon for both the semiconductor and medical industries. Lasers are used in medical treatment areas such as cosmetic dermatology for skin resurfacing, scar revision, tattoo removal, and laser hair removal; lithotripsy; ophthalmology; cancer treatment; dermatology; and general surgery for tissues.
A trend helping to boost market growth is the shift toward non-invasive and pain-free procedures. Medical aesthetic procedures, such as invasive and non-invasive procedures, are becoming popular in the 25-55 age group. These procedures have superseded traditional surgery as they deliver superior results with minimal complications. Non-invasive procedures like scar removal, skin resurfacing, laser hair removal, facelifts, and liposuction are also performed to promote a young appearance with minimal complications.
According to the report, a key growth driver is the growing awareness about the application of laser treatments in medical aesthetics. The cosmetic treatment industry is booming in countries such as the US, Japan, Brazil, and South Korea. The rising importance of physical appearance is expected to boost the market's growth during the forecast period.
This means an increasing number of patients are looking to have minimally invasive cosmetic procedures and facial implant, facial rejuvenation, and breast implant procedures. Laser-based treatments in medical aesthetics are becoming popular in developed countries, and the use of medical laser therapy has become common in non-surgical medical procedures. Non-invasive laser procedures are used in fields such as dermatology, ophthalmology, cardiovascular surgery, cosmetic surgery, and oncology-related surgery.
Further, the report states that one challenge that could restrict market growth is the risks associated with laser-based devices.
To calculate the market size, the author considers the revenue generated from the sales of laser devices to the following healthcare segments:
- Aesthetics: Laser-based aesthetic devices cover a range of functions such as pigmentary treatments, acne and rejuvenation applications, and skin tightening.
- Surgical: Lasers in surgical procedures are used to treat skin conditions such as vascular and pigmented lesions and scars.
- Ophthalmic: Ophthalmic lasers are therapeutic and diagnostic devices used in the field of ophthalmology. They are used to treat eye conditions such as tumors, glaucoma, diabetic retinopathy, retinal disorders, cataracts, and vision correction problems.
- Dental: Lasers in dentistry are used in the form of laser-assisted new attachment procedure (LANAP), laser-facilitated wound healing, and laser root planning.