Global Information would like to present a new market research report, "Medical Lasers: Technologies and Global Markets" by BCC Research.
The long-term outlook for the medical laser market is optimistic. In 2009, the global market value for medical lasers was approximately $2.3 billion. However, it is projected to grow to nearly $4.8 billion in 2014 at a 5-year compound annual growth rate (CAGR) of 16.1%. Therapeutic medical lasers represent the largest segment of the medical lasers market. It is forecasted to reach nearly $1.2 billion in 2014 at a compound annual growth rate of 28.9%.
Medical lasers are used in a diverse range of medical applications, such as cosmetic procedures, diagnosis, therapy, and more. Medical lasers form a multibillion-dollar global industry. Moreover, Medical laser technology is constantly evolving. New laser sources with potential medical applications include light-emitting diodes (LEDs), organic light-emitting diodes (OLEDs), and fiber lasers. Meanwhile, plastic foils as surface emitters have potential to become crucial irradiation sources in photo-dynamic therapy (PDT). Additionally, the proliferation of new laser applications such as nanosurgery, OCT, and sophisticated fluorescence microscopy will drive market growth.