Report : Europe Medical Laser Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type {Diode Lasers, Solid State Lasers [Holmium Yttrium Aluminum Garnet (Ho:Yag) Lasers, Erbium Yttrium Aluminum, Neodynium Yttrium Aluminum Garnet (Nd:Yag) Lasers, Potassium Titanyl Phosphate (KTP), Alexandrite Lasers, Ruby Lasers, and Thulium:Yttrium-Aluminum-Garnet Laser (Tm:YAG)], Gas Lasers (CO2 Laser, Argon Laser, Krypton Laser, Metal Vapor Laser, Helium Neon Laser, and Excimer Laser), Dye Lasers, and Fiber Laser (Thulium Fiber Laser, Erbium Fiber Lasers and Ytterbium Fiber Laser)}, Application (Dermatology, Ophthalmology, Gynecology, Dentistry, Cardiology, Urology, and Others), and End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers, and Others)
Dermatology Segment to Dominate Europe Medical Laser Systems Market during 2019–2028
According to a new market research study on “Europe Medical Laser Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Application, and End User,” is expected to reach US$ 1,715.81 million by 2028 from US$ 719.28 million in 2021. The market is estimated to grow at a CAGR of 13.2% from 2021 to 2028. Surge in prevalence of eye diseases is the major factor driving the growth of the Europe medical laser systems market. However, stringent safety regulations may hinder the growth of Europe medical laser systems market. The report provides trends prevailing in the Europe medical laser systems market along with the drivers and restraints pertaining to the market growth.
The Europe medical laser systems market is segmented into product type, application, end user, and country. The Europe medical lasers market, based on product type, has been segmented into diode lasers, solid state lasers, gas lasers, fiber lasers and dye lasers. In 2020, the solid state lasers segment held the largest share Europe medical laser systems market. Based on solid state lasers the market is sub segmented into Holmium Yttrium Aluminum Garnet (Ho:Yag) Lasers, Erbium Yttrium Aluminum Garnet (Er:Yag) Lasers, Neodynium Yttrium Aluminum Garnet (Nd:Yag) Lasers, Thulium:Yttrium-Aluminum-Garnet Laser (Tm:YAG), Potassium Titanyl Phosphate (KTP), Alexandrite Lasers, and Ruby Lasers. In 2020, the Erbium Yttrium Aluminum Garnet (Er:Yag) Lasers segment held the largest share Europe medical laser systems market. Based on gas lasers the market is sub segmented into CO2 Laser, argon laser, krypton laser, metal vapor laser, helium neon laser, and excimer laser. In 2020, the CO2 Laser segment held the largest share Europe medical laser systems market. Based on fiber lasers the market is sub segmented into thulium fiber lasers, erbium fiber lasers, and ytterbium fiber lasers. In 2020, the thulium fiber lasers segment held the largest share Europe medical laser systems market. The Europe medical laser systems market, based on application has been segmented into dermatology, ophthalmology, gynecology, dentistry, cardiology, urology, and others. In 2020, the dermatology segment held the largest share Europe medical laser systems market. The Europe medical laser systems market, based on end user is segmented into hospitals, specialty clinics, ambulatory surgery centers, and others. In 2020, the specialty clinics segment held the largest share Europe medical laser systems market. Similarly, based on country, the market is segmented into the U.K., Germany, France, Italy, Spain, and the rest of Europe. Germany contributed a substantial share in 2020.
Alcon Inc; Artivion, Inc.; Bausch Health Companies Inc.; BIOLASE, Inc.; Boston Scientific Corporation; Candela Medical; Ellex; Iridex Corporation; Koninklijke Philips N.V.; and Lumenis Be Ltd. are among the leading companies in the Europe medical laser systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Quantel Medical has completed its acquisition of Ellex, including the company’s laser and ultrasound technology solutions, via the financial holding company Lumibird Medical. The purchase includes the Ellex brand name, its R&D and production site based in Adelaide and its subsidiaries based in France and Germany.
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