The Medical Laser Market is expected to grow at a CAGR of 14.2% from 2021 to 2028 to reach a value of $3 Billion by 2028.

Major factors driving the growth of Medical Laser market include the increasing number of cosmetic procedures, rising preference for minimally invasive procedures, and increasing prevalence of eye disorders. There has been a high demand for medical lasers devices and its fibers in various applications, such as ophthalmology, dermatology, gynecology, dentistry, urology, and cardiology. In addition, increasing medical tourism is offering significant growth opportunities for various companies operating in this market. However, the high cost of medical lasers devices and stringent safety regulations are hampering the growth of this market.

Here are the top 10 companies operating in Medical Laser Market

Alcon, Inc.

Founded in 1945 and headquartered in Geneva, Switzerland, Alcon is engaged in researching, developing, manufacturing, and distributing a full suite of eye care products within two key businesses, namely, Surgical and Vision Care. It focuses on optical design, surface chemistry, materials science, and precision manufacturing. The company made several breakthroughs in the field of ophthalmology and optometry. The company works in over 70 countries and serves patients in more than 140 nations.

The company has a geographic presence in Switzerland, China, U.S., Japan, and other countries. Some of its subsidiaries are Alcon (China) Ophthalmic Product Co., Ltd. (China), Alcon Japan Ltd. (Japan), Alcon Pharmaceuticals Ltd (Switzerland), Alcon Finance Corporation (U.S.), Alcon Research, LLC (U.S.).

Lumenis LTD.

Founded in 1991 and headquartered in Israel, Lumenis provides minimally-invasive clinical solutions for the surgical, ophthalmology, and aesthetic markets. The company develops and commercializes innovative energy-based technologies, including laser, intense pulsed light (IPL), and radio-frequency (RF). The company offers a wide range of laser solutions for treatments, such as urology, eye care, women’s health, head & neck, orthopedics, pulmonary/thoracic, and gastroenterology. Ablative lasers (CO2), diode lasers, long-pulsed ND:YAG, non-ablative lasers, RF micro-needling, and radio-frequency are the technologies used by the company. Lumenis global service organization includes service centers in Europe, North America, Latin America, India, Australia, China, Japan, and Israel.

Cynosure LLC

Founded in 1991 and headquartered in Massachusetts, U.S., Cynosure LLC develops and manufactures a diverse range of leading treatment devices for hair removal, skin revitalization, scar reduction, gynecological health, acne scars, cosmetic eye treatment, excessive sweating, tattoo removal, and body contouring, among others. The company products are used worldwide by practitioners, physicians, and aesthetic business owners.

Alma Lasers

Founded in 1999 and headquartered in Israel, Alma Lasers manufactures electrical equipment and components. The Company develops and distributes advanced laser-based and radiofrequency devices to treat skin whitening, nail fungus, acne treatment, scars, stretch marks, and hair removal. The company operates in one reportable business segment. The company also offers more than 100 medical laser treatment solutions and a full spectrum of technologies and treatment methods.

With a strong global presence, Alma is located in over 90 countries globally, such as the Americas, India, Germany, Australia, and the U.S. Some of its subsidiaries are Alma Lasers GmbH (Germany), Alma Lasers Inc. (U.S.), Nova Medical Israel Ltd. (Israel), Alma Medical Private Limited (India), and Quantel Derma GmbH (Germany).

CUTERA Inc.

Founded in 1988 and headquartered in California, U.S. CUTERA engaged in the research, development, manufacture, marketing, servicing of laser and energy-based aesthetics systems for practitioners across the globe. The company offers a wide range of aesthetic treatments, such as body sculpting, hair removal, pigmented lesions, skin revitalization and resurfacing, tattoo removal, and vascular lesions. The company operates in one business segment.

The company has a geographic presence in the U.S., Japan, Asia, Europe, and other international regions. Some of its subsidiaries are CUTERA Switzerland GmbH (Switzerland), Cutera UK Limited (U.K.), Cutera Medical Ltd (U.S.), Cutera Germany GmbH (Germany), Cutera Hong Kong Limited (Hong Kong), and Cutera Japan KK (Japan), among others.

A report into the projected growth of the current Medical Laser Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 14.2%, reaching over $3 Billion.

BIOLASE INC.

Founded in 1984 and headquartered in California, U.S., BIOLASE provides advanced laser systems for the dental industry. The company develops, manufactures, markets, and sells laser systems that provide significant benefits for dental practitioners and their patients. The company offers two categories of laser system products: Waterlase (all-tissue) systems and diode (soft-tissue) systems. The systems allow dentists, periodontists, endodontists, pediatric dentists, oral surgeons, and other dental specialists to perform a broad range of minimally invasive dental procedures, including cosmetic, restorative, and complex surgical applications.

The company operates in a single business segment. The company has a geographic presence in the U.S. and other international regions. Some of its subsidiaries are BL Acquisition Corp (Delaware), Biolase Australia, Pty. Ltd. (Australia), Biolase Europe, Gmbh (Germany), Biolase Spain, S.L. (Spain), among others.

IRIDEX Corporation

Founded in 1989 and headquartered in California, U.S., IRIDEX develops, manufactures, and markets innovative and versatile laser-based medical systems, delivery devices, and consumable instrumentation for the ophthalmology market. The company operates through one reportable business segment—Ophthalmology. IRIDEX products are sold in the U.S. and internationally, and it has a network of ~60 independent distributors in over 100 countries.

The company has a geographic presence in the U.S., Europe, the Americas, and Asia-Pacific. The subsidiaries of the company include Iridex S.A. (U.S.), Iris Medical Instruments, Inc. (U.S.), Iridex (U.K.) Ltd. (U.K.), RetinaLabs.com, Inc. (U.S.), among others.

Bausch & Lomb Inc.

Founded in 1853 and headquartered in New Jersey, U.S., Bausch & Lomb develops, manufactures, and markets a range of pharmaceutical, medical devices, and over-the-counter products, primarily in the therapeutic areas of eye health, gastroenterology, and dermatology. The company manufactures and markets healthcare products in approximately 100 countries. The company operates through four reportable business segments, namely, Bausch + Lomb/International, Salix, Ortho Dermatologics, and Diversified Products.

The company has a geographic presence in China, Canada, U.S., Japan, and other countries. Some of its subsidiaries are Bausch & Lomb Argentina S.R.L. (Argentina), Bausch Health Australia Pty Limited (Australia), Bausch Health, Canada Inc. (Canada), and Bausch & Lomb (Shanghai) Trading Co., Ltd. (China), among others.

Boston Scientific Corporation

Founded in 1979 and headquartered in Massachusetts, U.S., Boston Scientific develops, manufactures, and markets medical devices used in interventional medical specialties. The company operates through three reportable business segments, namely, MedSurg, Rhythm and Neuro, and Cardiovascular.

The company has a geographic presence in U.S., Europe, the Middle East & Africa, Asia-Pacific, Latin America, and Canada. Some of its subsidiaries are Apama Medical, Inc. (Delaware), Augmenix, Inc. (Delaware), Biocompatibles, Inc. (Delaware), and Bravo Bidco Limited (England). The company markets its products in about 120 countries.

Stryker Corporation

Founded in 1941 and headquartered in Michigan, U.S., Stryker is a medical technology company. The company offers various medical technologies, including orthopedic, medical and surgical, neurotechnology, and spine products. In addition, the company provides various services, such as onsite services, performance solutions, procare services, and reprocessing & remanufacturing. The company operates through three reportable business segments, namely, Orthopaedics, MedSurg, and Neurotechnology and Spine. Stryker’s Laser Cystoscope features an integrated filter to protect the camera’s sensor from the spectrum of light (532nm) emitted from a green light laser system during various procedures. Its green eyepiece makes this scope easily distinguishable from other standard cystoscopes.

The company has a geographic presence in the U.S. and International countries. Some of its subsidiaries are 2Hip Holdings SAS (France), Berchtold + Fritz GmbH (Germany), Arrinex, Inc. (U.S.), BioMimetic Therapeutics USA, Inc. (U.S.), Entellus Medical Europe Ltd (U.K.).

Popular Mentions: Fotona d.o.o., Clarion Medical Technologies,   Olympus Corporation,        biolitec AG, and MED-Fibers, Inc.

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Authoritative Research on the Medical Laser Market – Global Opportunity Analysis and Industry Forecast (2021-2028)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

  • Recent financial performance
  • Key products
  • Significant company strategies
  • Partnerships and acquisitions
  • The Impact of COVID-19 on the Medical Laser Market

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.

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