#Medical #Laser #Systems #Market #Size #Worth #Billion
Newark, Oct. 11, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global medical laser systems market is expected to grow from USD 4.32 billion in 2021 to USD 16.20 billion by 2030, at a CAGR of 15.82% during the forecast period 2022-2030.
The rising incidences of eye disorders and improvements in medical infrastructures are anticipated to expand the demand for the medical laser systems enterprise during the projection period. Moreover, the increasing awareness about the security of these methods, rising application in the diagnostic field, and technological progress in the procedure are anticipated to drive growth over the forecast period. However, stringent safety limitations and a high failure rate hinder the market growth. Furthermore, the increase in the incidences of chronic diseases like obesity & diabetes is enhancing the sales & demand for medical lasers are opportunities for market growth.
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Medical Laser Systems Market Report Scope
|Market Size (2030)||Around $16.20 Billion|
|Market Size (2021)||$4.32 Billion|
|CAGR (2022-2030)||Over 15.82%|
|Market Segments||Application, Product Type, End-User|
|Geographic Analysis||North America, Europe, South America, Asia Pacific, the Middle East, and Africa|
To enhance their market position in the global medical laser systems market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
• For example, in February 2020, IRIDEX Corporation Company, an ophthalmic laser-based medical instrument manufacturer, founded an upgraded version of its laser MicroPulse P3 machine to treat glaucoma that is anticipated to decrease intraocular pressure appropriate for glaucoma patients without…