Reports and Data has recently published a new report on the Global Medical Laser Market that offers key insights into the current and emerging trends, key companies and market size and market share on a global and regional level. Despite weak development in Western economies as a whole, MA (mergers and acquisitions) activity in the healthcare sector has increased dramatically. Not only is there a strong growth in pharmaceutical companies, but also considerable growth in economies of emerging markets.
These findings are detailed in Reports and Data Global Medical Laser Market Report, which indicates that the medicines industry has a promising future. According to RnD, the global Medical Laser Market is expected to reach USD XX billion in 2030 at a CAGR of XX% during the forecast period of 2022-2030. Market consolidation in Western Europe and North America is to blame for the growth in deal valuations. North America led the way in terms of acquisitions last year, accounting for over half of all outbound deals.
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Now that the tide is turning, more worldwide growth in the pharmaceutical business is likely to come from emerging nations, particularly China, where health systems are rapidly developing. Despite the fact that only a few acquisitions were announced or completed, tremendous growth is projected in the future years.
Significantly, China’s adoption of health insurance and broader healthcare reforms last year effectively created a market of one billion people overnight. However, generic medications account for 76% of the Chinese market, making it difficult for European and American multinationals to capitalize on market prospects.
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In the past, developed countries were hesitant to trade in emerging markets, with only a few multinational pharmaceutical companies making acquisitions in Latin America, India, or China. However, with tremendous development potential in the East, major businesses in the pharmaceutical industry should explore acquisitions in China aggressively to gain a presence.
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Market Segmentation
Segments covered
By Product Type Outlook, Application Outlook, End-use Channel Outlook, Regional Outlook
By Product Type Outlook
- Erbium Laser
- Diode Laser
- Carbon dioxide laser
- Other
By Application Outlook
- Tooth decay
- Gum disease
- Tooth whitening
- Biopsy or lesion removal
- Others
By End-use Channel Outlook
- Hospital
- Dental Clinic
Regional scope
North America; Europe; Asia Pacific; Latin America ; Middle East Africa
Country scope
U.S.; Canada; U.K.; Germany; France; BENELUX; China; India; Japan; South Korea; Brazil; Saudi Arabia; UAE; Turkey
Key companies profiled
CAO Group, Inc., Biolase, Inc., Sirona Dental Systems Inc., Fotona, LLC, Yoshida Dental Mfg. Co., Ltd., KaVo Dental, Gigaa Optronics Technology Co.,Ltd., Millennium Dental Technologies, Inc. LaserStar Technologies Corporation, Den-Mat Holdings, LLC, and Han’s Laser Technology Industry Group Co., Ltd
Growing advancements in medical therapies to drive market growth
The pharmaceutical and healthcare industry is driven by rapid advancements in customized therapies, medical devices, and surgical procedures. Integration of advanced technologies to accelerate research and development and manufacturing and production activities are some other factors driving market growth.
High prices of certain drugs might affect revenue growth
Launch of high-priced drugs to treat rare and chronic diseases and lesser affordability in middle- and low-income regions might limit their adoption and restrain market growth going ahead. In addition, less knowledge and awareness regarding advanced treatment approaches and lower adoption of advanced technologies might further hamper market growth over the forecast period.
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