U.S. Medical Lasers Market Size, Share & COVID-19 Impact Analysis, By Type (Surgical Lasers, Dental Lasers, Aesthetic Lasers, and Others), By Product (Laser Systems and Consumables), By End-user (Hospitals and Specialty Clinics), and Country Forecast, 2023-2030

The U.S. medical lasers market size was worth USD 1.89 billion in 2022 and is projected to grow at a CAGR of 12.0% during the forecast period.

Medical lasers are medical devices that use concentrated beams of light to perform various procedures, such as surgery, skin resurfacing, and eye treatments. These lasers are of various types such as gas lasers, diode, laser solid state lasers, which also include erbium yttrium aluminum garnet laser.

The increase in minimally invasive and cosmetic procedures has increased the demand for medical lasers across the U.S. The increasing focus of market players on the development and introduction of advanced medical lasers in the country and is expected to boost the adoption of lasers in the coming years.

The growing awareness among general population, especially women, regarding aesthetic procedures and increasing per capita income in the country is expected to increase the demand for minimally invasive cosmetic procedures. This is further set to surge the demand for laser systems in the market.

For instance, according to 2022 Aesthetic Plastic Surgery Statistics, the number of skin treatments (combination lasers) performed in the U.S. was 1,047,794, which was increased by 26.3% compared to the previous year. Such an increase in the number of aesthetic procedures is expected to boost the demand for laser systems in the long run.

In 2020, during the pandemic, the market experienced a decline in the U.S. The decline was attributed to the lesser number of laser surgical procedures performed in the hospitals and clinics compared to the pre-pandemic year.

LATEST TRENDS

Technological Advancements in Lasers is a Significant Market Trend

Increasing awareness of appearance is one of the factors influencing the adoption of cosmetic procedures across the country. This has led to the demand for less time-consuming laser and less invasive cosmetic procedures. This factor has also increased the focus of market players toward the technological advancements in laser systems to provide better treatment across the country.

Next-generation laser technology encompasses a range of advancements that enhance the performance, precision, and versatility of medical laser systems. This makes it more effective and safer for various surgical procedures.

• For instance, in January 2020, Quanta System and El.En. S.p.A., successfully developed a new technology in laser lithotripsy. This constitutes NextGen laser development technology named UHPTDL offering widest frequency range. The new solution promises to offer extremely fast and efficient kidney stone dusting treatments. Hence, technological advancements are a significant U.S. medical lasers market trends.

DRIVING FACTORS

Launch of Technologically Advanced Aesthetic Lasers to Boost the Market Growth

In recent years, the field of medical lasers has witnessed a transformation with the introduction of aesthetic laser technologies. Technological innovation has led to the development of lasers that cater to a wide range of cosmetic treatments, including skin rejuvenation, hair removal, and body contouring. Furthermore, market players are focusing on the development and introduction of advanced aesthetic laser systems.

• For instance, in June 2022, Cynosure announced the launch of the PicoSure Pro device, which is the latest upgrade to the PicoSure platform. The devices is the first and only FDA-cleared 755nm picosecond laser on the market.

These factors are anticipated to boost the U.S. medical lasers market growth in the coming years.

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According to The Aesthetic Society, around 9,230,958 aesthetic procedures were performed in the U.S., in 2022, an increase over 8,105,724 procedures in 2021.

RESTRAINING FACTORS

Concern Associated with Laser Surgeries Could Hinder the Market Growth

Despite the increased adoption of medical lasers for various invasive surgeries in the country, the risk associated with laser surgeries might hamper its demand in the market. The laser surgery uses non-ionizing radiation. This may promote risks during the surgery. Various risks of laser surgery, such as pain, incomplete treatment of the problem, bleeding, infection, scarring, and skin color changes, significantly impact the adoption rates in the country.

For instance, according to a study published by NCBI in July 2021, the Laser-assisted in situ keratomileusis (LASIK) is the most commonly performed kerato-refractive surgery. The postoperative complications include residual refractive error, flap dislocation, diffuse lamellar keratitis, epithelial ingrowth, refractive regression, corneal ectasia, and microbial keratitis. Such complications are expected to hinder the demand for these surgeries, thereby limiting the adoption of laser systems in the market.

SEGMENTATION

By Type Analysis

Based on type, the U.S. market is segmented into surgical lasers, aesthetic lasers, dental lasers, and others.

The surgical lasers segment held the largest U.S. medical lasers market share in 2022. The segmental growth is attributed to the increasing number of surgical procedures coupled with the growing technological advancements in medical lasers across the country.

• According to a report published by The Aesthetic Society, the number of surgical procedures in the U.S. increased by 54.0% in 2021 as compared to 2020.

By Product Analysis

Based on product, the market is segmented into laser systems and consumables.

The consumables segment held the largest market share in 2022 and is projected to grow with the substantial CAGR during the forecast period. The segmental growth is attributed to the increasing surgical procedures coupled with growing technological advancements in medical lasers across the country. Furthermore, the increasing demand for various surgeries will lead to demand for additional consumables, which will lead to significant growth in this segment during the forecast period.

The laser systems segment is projected to grow at the highest CAGR during the forecast period, 2023-2030. Growing introduction of laser systems coupled with increasing demand for laser treatments in the country is anticipated to provide profitable growth over the forecast period.

• For instance, in April 2023, Iridex Corporation announced the launch of the next generation Iridex PASCAL, the new PASCAL platform. The solution provides an advanced technology package combining fast and precise pattern-scanning capabilities, pattern-scanning laser trabeculoplasty, and endpoint management technology.

By End-user Analysis

Based on end-user, the U.S. market is segmented into hospitals and specialty clinics.

The specialty clinics held the largest share in 2022 and expected to grow at the highest CAGR during the forecast period. The growth is due to increasing demand for aesthetic appeal and hair removal procedures, growing number of specialty clinics, such as dental clinics and cosmetic clinics in the country, and increased investment by governments and other organizations to improve clinics. For instance, according to the 2022 Aesthetic Plastic Surgery Statistics, 398,772 laser hair removal procedures were performed in the U.S.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, the market depicts the presence of prominent and emerging companies in the market. Leading market players, such as El.En. S.p.A., Lumenis, and Ellex Medical Lasers Ltd, have a significant market share. Lumenis is one of the prominent companies due to its strong direct presence and broad portfolio of medical lasers.

Some other companies with a considerable presence in the U.S. market include Lumibird Medical, Topcon Corporation, Cynosure Inc., and other small and medium-sized players. These companies are focusing on strategic moves, such as strengthening their distribution channel, which is expected to augment their share in the market.

• In March 2021, Iridex Corporation, a U.S. based provider of innovative ophthalmic laser-based medical products, announced a strategic collaboration with Topcon Corporation. Under the collaboration, Topcon Topcon Corporation acquired the exclusive distribution of Iridex laser systems.

LIST OF KEY COMPANIES PROFILED:

• El.En. S.p.A. (Italy)


• Lumenis Ltd. (U.S.)


• BIOLASE, Inc. (U.S.)


• Lumibird Medical (France)


• Candela Corporation  (U.S.)


• IRIDEX Corporation (U.S.)


• Topcon Corporation (Japan)


• Cynosure Inc. (U.S.)

KEY INDUSTRY DEVELOPMENTS: 

• April 2023 – Lumibird Medical introduced its two next-generation lasers, Tango Neo and Ultra Q Reflex Neo, with advanced features.


• January 2022 – BIOLASE, Inc. and EdgeEndo received FDA 510(k) clearance for its EdgePRO laser-assisted irrigation device root canal method. The solution can be used as a cleaning agent and an effective disinfectant.


• March 2021 - Bausch Health Companies Inc. and Solta Medical business announced the introduction of its Clear + Brilliant Touch laser in the U.S. The laser delivers a customized and comprehensive treatment of all skin types and ages with the benefits of two wavelengths.

REPORT COVERAGE

An Infographic Representation of U.S. Medical Lasers Market

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The market report provides a detailed analysis of the market. It focuses on key aspects, technological advancements, and market dynamics. In addition, it includes an overview of market segments, new product launches, key industry developments such as mergers and acquisitions in the market. Besides this, the report also offers insights on the impact of the COVID-19 pandemic.

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