The global laser technology market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Laser Technology Market Size, Share & 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 report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other laser technology market trends. The report is available for sale on the company website.
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)
Market Driver:
Demand for Aesthetic Procedures to Augment Growth
The growing acceptance of laser technology 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 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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Regional Analysis for Laser Technology Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Laser Technology Market:
- Introduction
- Executive Summary
- Market Dynamics
- Key Laser Technology Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Laser Technology Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
- Conclusion
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