Medical Laser Market to Grow at 14.3% CAGR from 2024 to 2032Candelas PicoWay Laser System Receives FDA Clearance, Expanding Treatment Options to Augur Market Growth

The global Medical Laser Market size was valued at USD 5.57 billion in 2023. The market is projected to grow from USD 6.17 billion in 2024 to USD 17.95 billion by 2032, exhibiting a CAGR of 14.3% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Medical Laser 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 Users (Hospitals, and Specialty Clinics), and Regional Forecast, 2024-2032”. Laser therapy, which utilizes a powerful beam of light to treat various medical conditions, is experiencing growth driven by the increasing demand for minimally invasive and cosmetic procedures. The rising popularity of these treatments is evidenced by the significant increase in cosmetic surgery procedures in the U.K., as reported by The British Association of Aesthetic Plastic Surgeons.

Laser Hair Removal Procedures Decrease During Pandemic Hampering Market Growth

The global market for medical lasers experienced a significant decline in demand during the COVID-19 pandemic, as lockdown measures led to reduced patient visits and fewer laser surgeries in hospitals and specialty clinics. A notable example is the decrease in laser hair removal procedures, with a decline of approximately 28% in 2020 compared to the previous year, as reported by the American Society of Plastic Surgeons.

Lumibird Medical Expands Product Portfolio with Next-Generation Lasers

Lumibird Medical, a leading medical laser manufacturer, introduced two new lasers called Tango Neo and Ultra Q Reflex Neo in April 2023. These next-generation medical lasers come with advanced features and were launched as part of Lumibird Medical's strategy to enhance and diversify its product portfolio.

Advanced Technologies and Innovations Spur Market Growth

The global demand for minimally invasive cosmetic procedures driven by increasing awareness of physical appearance is contributing to the Medical Laser Market growth. Companies such as Quanta System and El.En. S.p.A. have also developed advanced technologies, such as the UHPTDL, a next-generation laser lithotripsy technology, which offers fast and efficient kidney stone treatments. These advancements in laser technology are expected to further drive the demand for aesthetic laser systems and consumables, fueling market growth.

However, the adoption of laser surgeries in the medical field may be limited due to the high cost involved and potential side effects associated with these procedures.

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Semi-Consolidated Market Structure Drive Growth Through Strategic Diversification and Geographic Expansion

 The competitive landscape of the global market is characterized by a semi-consolidated structure, where dominant players with established brands and robust product portfolios hold a significant position. However, other participants in the market are actively diversifying their offerings, especially in the cosmetic lasers segment, and are also concentrating on expanding their geographical presence and strengthening distribution channels to gain a larger Medical Laser Market share in the projected period.

Key Industry Development

• March 2023 – Candela Corporation received the U.S. FDA clearance for its PicoWay laser system with expansion of indications including malsma, among others.  

List of Companies Profiled in the Market Report

• El.En. S.p.A. (Italy)


• Lumenis Ltd. (U.S.)


• BIOLASE, Inc. (U.S.)


• Lumibird Medical (France)


• Candela Corporation  (U.S.)


• Sisram Medical Ltd. (Israel)


• IRIDEX Corporation (U.S.)


• Topcon Corporation (Japan)


• Cynosure Inc. (U.S.)

Further Report Findings:

• North America leads the global market for medical lasers due to high demand for minimally invasive procedures and cosmetic treatments. The region’s revenue generation was USD 2.31 billion in 2023, while Asia Pacific is expected to witness rapid growth driven by developing healthcare infrastructure and increasing laser centers.


• Surgical lasers dominate the market, fueled by technological advancements and rising prevalence of chronic diseases.


• Consumables hold the largest market share due to increased usage per laser system, and specialty clinics are poised for growth with expanding clinics and growing demand for aesthetic treatments.

Table of Segmentation