As of 2023, the global carbon dioxide lasers market has achieved a noteworthy valuation of US$ 5.0 billion, showcasing its robust growth trajectory.
Forecasts indicate that the market is poised for sustained expansion, with an anticipated Compound Annual Growth Rate (CAGR) of 3.6% from 2023 to 2033. This consistent growth trajectory is expected to propel the market to remarkable heights, ultimately reaching an impressive value of US$ 7.1 billion by the conclusion of 2033.
The notable upswing in the carbon dioxide lasers market can be largely attributed to the expanding laser surgery industry, which continues to drive demand and innovation in this sector.
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Between 2018 and 2022, the demand for carbon dioxide lasers experienced robust growth at a Compound Annual Growth Rate (CAGR) of 4.7%, as reported by Future Market Insights (FMI).
During the period spanning from 2018 to 2022, the carbon dioxide lasers industry displayed steady expansion, propelled by its increasing applications across diverse sectors, including medicine, manufacturing, and cosmetics. However, the forecast for the years 2023 to 2033 anticipates a substantial surge in market demand, surpassing previous expectations.
This notable upswing can be attributed to several factors, including further advancements in laser technology, the continuous expansion of the laser surgery industry, and a growing trend of integrating CO2 lasers into various cutting-edge manufacturing processes. These developments are expected to drive significant growth in the carbon dioxide lasers market in the coming years.
China’s Dominance in the Carbon Dioxide Lasers Market
Positioned for Robust Growth at 3.5% CAGR from 2023 to 2033
FMI’s analysis underscores China’s pivotal role in the global carbon dioxide lasers market, poised for impressive growth at a Compound Annual Growth Rate (CAGR) of 3.5% throughout the forecast period, culminating in a market value of US$ 1.5 billion by 2033. The industrial laser systems sector in China is thriving, thanks to a concentration of numerous industrial manufacturing plants, spanning industries such as aerospace, defense, automotive, consumer electronics, and medical devices. These facilities play a significant role in propelling the market’s expansion, contributing to its prominent standing on the global stage.
Prospects for the United States Carbon Dioxide Lasers Industry
Anticipating Notable Growth at a 3.5% Growth Rate
The United States, renowned for its technological advancements, stands as a leading manufacturer and consumer of CO2 lasers. The country’s market is set to experience substantial growth at a rate of 3.5% during the forecast period. This growth is primarily driven by the extensive utilization of CO2 laser cutting, notably in the healthcare and aerospace sectors. With approximately 17.5 million surgical and minimally invasive procedures performed in 2017, accompanied by a 2% year-on-year increase, the demand for hygienic, precise, and residue-free tools in plastic surgery has driven the adoption of CO2 laser cutting in their manufacturing processes. This trend underscores the vital role the United States plays in advancing CO2 laser technology applications.
Key Players:
- Amtec
- Coherent, Inc.
- Control Laser Corporation
- El.En. S.P.A.
- Epilog Laser
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Market Segments:
By Output Power:
- Up to 50 W
- 50 W to 500 W
- 500 W to 1000 W
- Above 1000 W
By Application:
- Industrial
- Communication
- MedicalTop of Form
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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