February 22, 2024


Technology and Age

Laser Technology Market Emerging Technologies, Industry Demand, CAGR Status, Global Competitors and Future Scope

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Mar 22, 2021 (The Expresswire) —
The global laser technology market size is expected to reach USD 15.99 billion by 2027, exhibiting a CAGR of 4.5% during the forecast period. The increasing integration of laser technologies in semiconductor optoelectronic devices such as LDs and LEDs, and ultrashort pulse laser will have a tremendous impact on the market, states Fortune Business Insights, in a report, titled “Laser TechnologyMarket Share, Size and COVID-19 Impact Analysis, By Laser Type (Solid State Laser, Liquid Laser, Gas Laser, and Others), By Application (Optical Communication, Laser Processing, and Others), By Industry (IT and Telecom, Electronics and Semiconductor, Healthcare, Manufacturing, Automotive, Aerospace and Defense, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 11.30 billion in 2019.

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The occurrence of coronavirus has exerted massive economic stress on sectors in various countries. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain this global pandemic.

The report on the laser technology market highlights:

  • Excellent insights into the market

  • Systematic data with detailed analysis

  • Market dynamics and aspects demonstrating the development

  • Meticulous information about vital players in the market

  • Procured statistics about dominant regions

Click here to get sample copy the short-term and long-term impact of COVID-19 on this Laser Technology Market .

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The Report Lists the Key Companies in the Laser Technology Market:

  • Coherent, Inc. (California, United States)

  • Access Laser Company (Washington, United States)

  • Lumenis Ltd. (Tsafon, Israel)

  • IPG Photonics Corporation (Massachusetts, United States)

  • The TRUMPF Group (Ditzingen, Germany)

  • Lumentum Holdings Inc. (California, United States)

  • Corning Incorporated (New York, United States)

  • Jenoptik AG (Jena, Germany)

  • Novanta Inc. (Massachusetts, United States)

  • Lumibird (Lannion, France)

  • LaserStar Technologies Corporation (Florida, United States)

  • Epilog Corporation (Colorado, United States)

  • Han’s Laser Technology Industry Group Co., Ltd. (Guangdong, China)

  • MKS Instruments, Inc. (Massachusetts, United States)

  • Gravotech Engineering Pvt Ltd (Maharashtra, India)

  • The 600 Group PLC (Heckmondwike, England)

  • eurolaser GmbH (Luneburg, Germany)

  • Bystronic Laser (Niederonz, Switzerland)

  • Toptica Photonics (Bayern, Germany)

  • Photonics Industries Inc. (New York, United States)

  • Solaris Laser S.A. (Warszawa, Poland)

  • Optotek d. o. o. (Ljubljana, Slovenia)

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Market Driver:

Demand for Aesthetic Procedures to Augment Growth

The growing acceptance of Laser Technology Market in the medical industry is expected to boost the growth of the market. Medical laser therapy is an intensive and non-invasive procedure to treat tissues and offers quick healing without discoloration or scarring. It finds applications in dermatology, urology, ophthalmology, and dentistry, and others. The growing demand for medical lasers and non-invasive therapies in the treatment of numerous diseases will subsequently boost the growth of the market. Furthermore, the growing inclination towards aesthetic procedures will improve the prospects of the Laser Technology Market.

According to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2018, the American population spent more than USD 16.7 billion on various aesthetic procedures such as dermal resurfacing, body contouring, acne prevention, and others. Besides, the introduction of innovative aesthetics by major companies can have a tremendous impact on the global market. For instance, in October 2019, NY Laser Outlet launched the NYLO Aesthetics division offer the latest innovation in medical laser technology and non-invasive aesthetic. The aim is to broaden the innovative NYLO Aesthetics product portfolio, including JetPeel, Reshape, Horizon, EmCyte Pure PRP, and Ready Medical across the U.S.

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Table Of ContentLaser Technology Market Report:

1 Introduction

1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources

2 Key Takeaways

3 Market Dynamics

3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
3.3.1. Short-term Impact
3.3.2. Long-term Impact

4 Competition Landscape

4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Porter’s Five Force Analysis
4.4. Global Market Share Analysis and Matrix, 2019

5 Key Market Insights and Strategic Recommendations

6 Profiles of Key Players (Would be provided for 10 players only)

6.1. Overview
6.1.1. Key Management
6.1.2. Headquarters etc.
6.2. Offerings/Business Segments
6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
6.3.1. Employee Size
6.3.2. Key Financials Past and Current Revenue Gross Margin Geographical Share Business Segment Share
6.4. Recent Developments

7 Primary Interview Responses

8 Annexure / Appendix

8.1. Global Laser Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
8.1.1. By Laser Type (Value) Solid State Laser Liquid Laser Gas Laser Others (Semiconductor, etc.)
8.1.2. By Application (Value) Optical Communication Laser Processing Others (Storage, etc.)
8.1.3. By Industry (Value) IT and Telecom Electronics and Semiconductor Healthcare Manufacturing Automotive Aerospace and Defense Others (Research, etc.)
8.1.4. By Region (Value) North America South America Europe Middle East and Africa Asia Pacific

TOC Conitinued…!

Introduction of Innovative Therapies to Aid Market Amid Coronavirus

The heavy investments by major companies in laser technology will have a positive impact on the global Laser Technology Market during the pandemic. For instance, in July 2020, BELKIN Laser Ltd. announced an investment of USD 12.2 million in Series B funding which is also led by Santen Ventures Inc. and Rimonci Capital. The funding will allow easy, effective, and quick treatment for glaucoma patients by using its laser treatment. Moreover, the growing government support for robust laser treatment can further escalate the Laser Technology Market. The Government of the United Kingdom invested around USD 105.10 million to launch an unconventional imaging center – “Extreme Photonics Applications Centre (EPAC)”. This will help generate precise 3D images of the inner structure of objects by using powerful laser technology.

Key Development:

July 2020: Lumenis Ltd. introduced a next-gen and patented MOSES platform – “MOSES 2.0”. The aim is to provide cost-effectiveness, higher patient satisfaction, better surgical outcomes, and others.

Quick Buy –Laser Technology Market Report:


Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Laser Technology Market.

  • Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Laser Technology Market

  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Laser Technology Market

  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Laser Technology Market

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Press Release Distributed by The Express Wire

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