Demand for Non-Invasive Treatments: Remarkable Laser Systems Offered by the Top Medical Laser Companies

Laser therapy is treatment in which an intense light beam is used to burn, cut, or destroy the tissues. The term LASER is the abbreviation of Light Amplification by Stimulated Emission of Radiation. These medical lasers are used in different medical treatment processes. Currently, the laser treatment is mainly used in various applications like cancer treatment, angioplasty, liposuction, and others. The increasing demand for cosmetic procedures and minimally invasive procedures is pushing the medical industry to grow globally.

Medical lasers are intensive and non-invasive light source used for the treatment of tissues and they also offer healing without discoloration and scarring. The industry is growing exponentially because of the increasing need for non-invasive treatments and many other diseases globally.

According to Fortune Business Insights™, the global market for medical laser was valued at USD 5.17 billion in 2023 and is projected to grow from USD 5.47 billion in 2024 to USD 11.26 billion by 2032, recording a CAGR of 9.4% over 2024-2032. In terms of the competition landscape, the global medical laser market reflects a fragmented structure with the presence of several small-to-mid-size companies. The top 5 medical laser companies in the market account for about a quarter of the global market.

Fortune Business Insights™ Presents The Leading Medical Laser Companies, 2024

1) TOPCON CORPORATION

TOPCON CORPORATION is one of the top medical laser companies in the industry and it holds around 10.0% of the global market share. The company offers provide digitized solutions across the globe, mainly in three business areas, including infrastructure, healthcare, and agriculture. The company Topcon Healthcare is one of the leading of suppliers of Ophthalmic medical devices and software solutions. The ophthalmic devices of the company are utilized to diagnose, examine, and treat different medical conditions like cataracts, glaucoma, and retinal disorders. These instruments are used to get accurate refraction that shows their expertise in optomechatronics and optics technology.

The company has a global network of 65 subsidiaries and 9 affiliates and its commercial operations are in North America, Japan, Asia Pacific, Oceania, the Middle East, and Europe. The overall sales of the company were around USD 1.49 billion in 2023.

March 2021 – TOPCON CORPORATION and Iridex Corporation partnered to acquire the distribution rights for the Iridex laser systems in the regions, including Europe, Asia Pacific, and the Middle East & Africa.

2) Alma Lasers (Sisram Medical Ltd)

Sisram Medical Ltd.’s, wholly owned subsidiary Alma Lasers, is one of the prominent suppliers of lasers, radio-frequency, ultrasound, and light-based solutions for the aesthetic and surgical platforms. Alma Lasers is the second-largest company actively operating in the global market. In 2023, the company successfully generated a revenue of USD 359.3 million. The aesthetic segment of the company includes minimally invasive and non-invasive lasers, which are utilized for the purpose of wrinkle reduction, skin resurfacing, tattoo removal, acne scare treatment, vitiligo, and psoriasis. In addition, the company has a strong distribution network across 90 nations globally.

March 2024 – Alma Lasers (Sisram Medical Ltd) introduced the Soprano Titanium. Soprano Titanium provides painless laser hair removal treatment and also allow for soothing and efficient skincare solution, which is suitable for all skin types.

3) El.En. S.p.A.

El.En. S.p.A. is the third-leading provider of medical lasers in the medical laser industry globally. In 2023, the company has also generated USD 692.3 million in revenues globally. El.En. S.p.A. is one of the leading developer and producer of laser systems for industrial, conservation, and medical divisions. The company offers a wide product portfolio in the medical laser industry, along with diversified application areas like cosmetics, dentistry, dermatology, physiotherapy, and gynecology procedures. The lasers manufactured by El.En. S.p.A. are supplied in more than 80 countries and have a direct sales presence in the countries, including Japan, Germany, the U.S., and France. The company also produce products like Ecolaser EVO, Ecolaser, NanoStar, VascuSatr, and others.

June 2023 - El.En. S.p.A., which is a subsidiary of Elesta, introduced the clinical study data on EchoLaser for TPLA (transperineal laser ablation) at the American Urological Association of New Orleans. These new devices have been proved to be safe to treat BPH (Benign Prostatic Hyperplasia).

4) LUMIBIRD

LUMIBIRD is the fourth-largest producer of the medical lasers in the industry globally. The company has also generated 220.3 million in revenues in 2023. The company is one of the leading designers and producers of laser technologies for industrial, scientific, and medical purposes. The company mainly operates under two segments, including medicine and photonics and has a diversified product portfolio of ophthalmic lasers. The formation of the company was done after the merger between the company, including Ellex, Quantel Medical, and Optotek. The company has a presence in 110 nations along with three production sites in Slovenia, Australia, and France.

June 2023 – LUMIBIRD introduced the Tango Neo and UltraQ Reflex Neo by Ellex, the two next-generation Nd: YAG/SLT lasers, which are mainly utilized for glaucoma and anterior-segment YAG.

5) BIOLASE, Inc. 

BIOLASE, Inc. is the fifth-leading company in the market. BIOLASE, Inc. has generated around USD 49.2 million in revenue in 2023. The company also provide minimally dental laser systems for restorative, cosmetic, and surgical applications. The company also provide products for dental lasers under two categories, such as diode soft-tissue laser systems and waterlase all-tissue laser systems. The company has a strong presence on over 80 nations globally and has also built brand presence in Canada, Europe, and the U.S.

December 2023 – BIOLASE, Inc. successfully completed the trial program of Waterlase iPlus All Tissue laser, which is conducted by 6 U.S. dentists. According to the results of trial, all the dentists had been highly satisfied with the performance of the laser and also expressed the eagerness to its recommendation to others.

How Technological Advancements are Boosting the Industry Globally?

The industry globally is experiencing high growth because of the growing launch of technologically advanced products by top medical laser companies globally. These technological advancements are also increasing the number of non-invasive surgeries performed using the medical laser systems.