According to a report released by Transparency Market Research, this will be driven by a rapid increase in age-related ophthalmic disorders, a rise in disposable income in emerging economies, and growing awareness regarding medical aesthetics.
There are four main product segments within the global medical laser systems market: solid state, diode, dye, and gas laser systems. Of these, diode laser systems held, and are expected to retain, the leading share of the market throughout the forecasting horizon.
The diode laser market is further segmented into a variety of laser subtypes, such as: Ho:Yag laser, Nd:Yag laser, Er:Yag laser, KTP laser, Ruby Lasers, and Alexandrite. Neodymium yttrium aluminium garnet lasers were the largest contributors to the laser systems market in 2011 and are predicted to maintain their dominance until 2018. This is due to their efficiency in treating disorders in a variety of medical fields, including gastroenterology, dermatology and ophthalmology.
The solid state laser segment is predicted to develop at the speediest rate in the forecast period due to the several variations of laser systems and their numerous applications for carrying out treatments such as skin treatment, periodontology, removal of veins and tattoos.