CO2 laser market is anticipated to witness a robust growth in the coming years: FMI

Future Market Insights (FMI)’s upcoming research study on the global CO2 Laser market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the CO2 Laser market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the CO2 Laser market report will help to exist and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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CO2 Laser: Market Outlook

CO2 laser, invented in 1964, is a high-power laser used for cutting through ferrous and non-ferrous metals. The CO2 laser is a mixture of various gases like carbon dioxide, nitrogen, helium, xenon and/or water vapor, and even hydrogen sometimes. Due to their high power capabilities, CO2 lasers are widely used in industrial applications for cutting, engraving, and welding. In 1984, the CO2 laser was approved by the U.S. Food and Drug Administration (FDA), making its application in the healthcare industry more mainstream. The use of a CO2 laser causes less bleeding, less pain, and a significantly reduced risk of infection, making it a preferred choice in medical and cosmetic surgeries. The CO2 laser is since been used as an incision tool in various surgeries, like dermatology, neurosurgery, otorhinolaryngology, plastic surgery, gynecology, and ophthalmology.  Apart from these, CO2 laser also finds applications in military, communications, and different manufacturing industries, making it one of the most widely used types of laser in the industry.

COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The CO2 Laser market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the CO2 Laser market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the CO2 Laser market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decisions to gain a distinct competitive edge.

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CO2 Laser Market: Segmentation

To analyze the CO2 Laser market effectively and efficiently, the information has been segregated into key segments and sub-segments.

The overall CO2 Laser market can be segmented on the basis of application as:

  • Therapeutic & Diagnostics
  • LIDAR Imaging
  • Cutting & Perforations
  • Welding
  • Drilling

The overall CO2 Laser market can be segmented on the basis of output power as:

  • Up to 50 W
  • 50 W to 500 W
  • 500 W to 1000 W
  • Above 1000 W

The overall CO2 Laser market can be segmented on the basis of end-use sector as:

  • Military & Defence
  • Aerospace
  • Metal Processing
  • Healthcare
  • Manufacturing
  • Automotive
  • Telecommunication

CO2 Laser Market: Regional Outlook

East Asia region is expected to dominate the global CO2 laser market, owing to the high demand from electronics, semiconductors, and manufacturing industries in China, Japan, and South Korea. East Asia is anticipated to grow the fastest in the CO2 laser market, driven by the growing manufacturing sector in India. Europe is also expected to hold a dominant share and grow at a moderate pace in the global CO2 laser market, owing to the maturity in the adoption of CO2 laser in various end-use industries. North America is also expected to exhibit a similar growth pattern in the CO2 laser market growth.

CO2 Laser Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the CO2 Laser market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the CO2 Laser market report.

Key players covered in the report include:

  • Coherent, Inc.
  • Han’s Laser Technology Industry Group Co., Ltd
  • El.En. S.p.A.
  • Epilog Laser

Crucial Questions Answered in the Report

  • Which end-use industry remains the top consumer of CO2 Laser in different regional markets?
  • At what rate has the global CO2 Laser market been expanding during the forecast period?
  • How will the global CO2 Laser market look like by the end of the forecast period?
  • What innovative technologies are the CO2 Laser market players adopting to stay ahead of the pack?
  • What are the restraints affecting the growth of the global CO2 Laser market?

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Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to make critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the CO2 Laser market

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