Medical Laser Systems Market Research Report covers the present scenario and the growth prospects of the Medical Laser Systems Industry for 2017-2021. Medical Laser Systems Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Medical Laser Systems globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Medical Laser Systems Market:
- Syneron Medical
Other Prominent Vendors of Medical Laser Systems Market Are:
- R.C. LASER
- Abbott Medical Optics
- Alma Lasers
- Bausch & Lomb
- Boston Scientific (American Medical Systems)
- Carl Zeiss Meditec
One trend in market is R&D and new product launches. The vendors in the market are focusing on R&D activities to periodically develop new products and improving the operational efficiency of existing product portfolio to sustain in the intense competition. These vendors are focusing on developing medical laser systems for the treatment of different diseases/disorders of various therapeutic areas. Any medical device that enters the market must undergo regulatory approval, which helps the manufacturers increase their product line, increase market share, which, in turn, increases their revenue. An increasing number of product launches can help clinicians to choose from a wide variety of medical laser systems. Also, as the number of products seeking approval is increasing, therefore there is an opportunity for the market to grow at a rapid pace.”
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According to the report, one driver in market is increasing demand for minimal and non-invasive procedures. Medical laser therapies have become common non-surgical medical procedures. Non-invasive laser procedures are used in various fields such as dermatology, ophthalmology cardiovascular, cosmetic surgery, and oncology-related surgery. Non-surgical laser treatments cost a fraction of traditional surgical procedures. The easy payment plans and availability of a wide variety of options have made non-surgical procedures accessible to many patients. Also, non-invasive applications promise quick recovery, less pain, and use of the latest technologies. Lumenis was the first company to introduce many technologies in this field. Its Intense Pulsed Light and CO₂ Laser Skin Resurfacing product is one of the most popular treatment options available in aesthetic medicine. Also, laser-based technologies such as Thermicon technology focus on consumer concerns regarding the limitations of current available hair removal products, including pain and safety.
Report also presents Geographical Segmentation analysis of Medical Laser Systems Market of Americas, APAC, EMEA region.
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Further, the report states that one challenge in market is uncertain reimbursements. Most insurance companies do not cover insurance for patients above 80 years, while some provide cover for these patients with very high premium. Few insurance companies have a high number of conditions. Also, insurance companies do not cover reimbursements for diagnostic laser therapies and aesthetic laser procedures; these companies provide reimbursements only to surgical laser and therapeutic laser procedures. Most insurance companies do not offer reimbursement for dentistry, aesthetic and cosmetic procedures. Some companies offer reimbursement, however, the coverage is only for the treatment of disfiguring scarring. Also, insurance companies offer minimal reimbursements for therapeutic procedures. For instance, for ophthalmology procedures, insurance companies offer reimbursements for cataract procedures but not for LASIK procedures.
Key questions answered in Medical Laser Systems market report:
- What will the Medical Laser Systems market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving Medical Laser Systems market?
- What are the challenges to Medical Laser Systems market growth?
- Who are the key vendors in Medical Laser Systems market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 127
Price of Report: $ 3500 (Single User License)
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