Laser Technology Market Report 2025 (Global Edition)

Market Dynamics

Key Drivers

• Increasing Investments and Using Smart Factory Solutions to Support Market Expansion 

Laser technology is essential to the idea of Industry 4.0. The Fourth Industrial Revolution, or Industry 4.0, has long been discussed and is seen to have the potential to completely change sectors of the economy, including manufacturing, through smart automation, greater interconnection, and other technology advancements. Organizations are experiencing more productivity, better efficiency, and cost savings in addition to greater quality and higher production capacity with the advent of Industry 4.0 and smart factory solutions.  A laser can be used for several mechanical tasks, such as cutting, engraving, welding, laser printing, brazing, and more. Most laser-based Industry 4.0 applications make use of cloud computing, cyber-physical systems, artificial intelligence (AI), Internet of Things (IoT), cognitive computing, cyber-physical systems, machine learning, and others. Industry 4.0 manufacturing offers directness, speed, and flexibility; however, laser light is the ideal technology to match these promises. Laser technology is a great option for industrial chains since it is quick, adaptable, and unrestricted in terms of physical aspects. Lasers offer total freedom in processing a wide range of materials, including glass, metals, polymers, and even skin. Laser light is becoming a more and more popular solution across a variety of industries because it provides a degree of freedom that mechanical processes just cannot equal. For example, companies such as Zwilling have chosen to use a laser cell that is loaded and unloaded by two robots. This eliminates the need for toolmaking and setup delays and enables them to transmit across a new data set. Many sectors are starting to adopt this new way of thinking, including the Swiss mechanical engineering company.  The machines process coils of various sizes made of various materials using a single set of laser lenses and a beam source. The market for laser technology is anticipated to develop as a result of businesses being more automated to achieve high efficiency and precision. Additionally, automakers have eliminated one step after another downstream from the forming press by substituting laser stations for mechanical production processes. For instance, pressed metal panels can be carved into the greatest variety of car door models. The instructions are simply applied to the workpiece by the laser as soon as it receives them in the form of data packets. With just the information from a 3D simulation program, smart scanner optics are prepared to apply the welds to the workpiece without any training. Organizational demand is expected to rise as a result of growing investments in smart factories and industry 4.0 projects by countries including the US, Germany, China, and others. Government initiatives like Saudi Vision 2030, Made in China 2025, Made in India, the Industrial Value Chain Initiative (IVI), and the Smart Cities Mission, among others, will also have a major impact on the market expansion. Therefore, industry 4.0 and the various industries that will use lasers, are expected to help the market to grow. 

• Growing Medical Industry Adoption of Laser Technology to Support Market Growth 

There has been a substantial increase in the usage of laser technology in the medical field. A medical laser is a powerful, non-invasive light source that can be used to treat tissues and promote rapid, scar-free healing. It is used in the treatment of urology, dentistry, ophthalmology, and dermatology, among other fields. The market for laser technology is expected to increase as a result of factors including the increasing need for non-invasive therapies and the growing requirement for medical lasers for the treatment of various diseases. The growing need for medical treatments related to age-related conditions, such as eye surgeries and vascular procedures, as well as the growing demand for aesthetic laser procedures in developing countries are some examples of factors that are anticipated to drive market growth. According to the American Society for Aesthetic Plastic Surgery (ASAPS), Procedural Statistics indicate a 19% rise in cosmetic surgery procedures from 2019 to 2022. 576,485 procedures, or 25% of all procedures performed in 2022, were body-focused surgeries. These surgeries included lifts of the arms and lower body, liposuction, and abdominoplasty (tummy tuck). These could also involve body sculpting and acne prevention. For instance, NY Laser Outlet introduced the NYLO Aesthetics branch in October 2019, providing the newest advancements in non-invasive aesthetics and medical laser technologies. The objective is to expand the cutting-edge NYLO Aesthetics product line throughout the United States, encompassing JetPeel, Reshape, Horizon, EmCyte Pure PRP, and Ready Medical. Medical lasers are becoming more and more popular among healthcare providers, partly because of their safety in treating tissues without causing harm to the patient's surroundings. Additionally, one of the main factors driving additional market expansion is the introduction of new lasers with procedure-specific applications and novel technological integration. Therefore, the growing interest in non-invasive aesthetic operations including ablative laser procedures, sclerotherapy, and the injection of neuromodulators and dermal fillers is probably going to drive demand for laser technology.

(Source- https://www.plasticsurgery.org/documents/News/Statistics/2022/plastic-surgery-statistics-report-2022.pdf)

RESTRAINTS

• A large initial cost is required for the devlopment of laser 

Since laser technology can multitask across a wide range of applications, its acceptance is rising at a rapid pace. Setting up its architecture and infrastructure requires a large initial expenditure as well as a substantial amount of venture capital funding. The setup and operating procedures are far more involved, costly, and resource-intensive, all of which could impede the market's expansion. Because the products generated by that demand the best finishing, the installation of laser technology in various industries, such as welding, laser cutting, and optical storage, requires a very high cost and the best laser technology available.  Furthermore, lasers are used in the medical field for surgical procedures. Because laser surgery procedures are so expensive, their usage is being limited in both developed and developing nations. The adverse effects of laser surgery, such as dyschromia, koebnerization, and scarring, are also impeding the market's growth. In terms of money, laser refractive surgery cost roughly USD 2,300 on average in 2019 as opposed to roughly USD 2100 in 2017. In 2021, All About Vision published an article that had this information. Additionally, because alternative remedies are less expensive and have fewer side effects than laser surgeries, medical authorities advise against using them. Furthermore, even if these cutting-edge solutions are advantageous in the long run, the high cost of deployment—particularly for small and medium-sized enterprises—is anticipated to restrict the market's growth. In addition, challenges associated with governmental regulations, ambiguous regulatory compliance, and a shortage of trained labor will likely hinder market expansion throughout the projected period.

How did the COVID-19 impact the Global Laser Technology?

The market for laser technology was negatively damaged by the COVID-19 pandemic based on its usage in different industries. Government-imposed lockdowns in different parts of the world had reasonably decreased demand for laser technology. This is ascribed to the limitations and total cessation of all manufacturing and production operations by different end-users of laser technology. The pandemic caused disruptions to the supply chain that allowed end-users to have detrimental consequences on the business and manufacturing processes. For instance, lasers are used in many different types of labor, such as laser cutting and welding, nucleus energy, optical storage, and so forth. These applications in many businesses suffered from total lockdowns and restrictions. While due to the complete shutdown of these industries, the market for laser technology suffered but there were reciprocal effects on the medical sector. People chose not to undergo unnecessary medical operations and canceled appointments for cosmetic, dental, and eye care, which led to a reduction in the first phase of the medical industry's usage of lasers for various purposes. Revenues from dental and cosmetic lasers fell precipitously. This resulted in a significant impact on the laser technology. Despite this, worldwide research advancements had led to an increase in the use of laser technology in the medical field. The goal of research teams everywhere had been to create laser sensors that can identify the virus in saliva or nasal swabs within minutes of infection, even at the earliest stages of illness. For instance, the "SARS-CoV-2 RapidPlex" wireless sensor was introduced in October 2020 by researchers at the California Institute of Technology (Caltech). It was reasonably priced. The goal is to make it possible to diagnose the COVID-19 virus in a matter of minutes by quickly analyzing blood or saliva. Through Bluetooth, this sensor may wirelessly transfer the data to the end user's mobile device.  

The sector was also supported throughout the outbreak by the increasing government investments and the fundraising efforts of large corporations. For instance, BELKIN Laser Ltd. raised about USD 12.2 million in Series B funding in July 2020, with the help of Rimonci Capital and Santen Ventures Inc. The objective was to quickly, easily, and effectively treat glaucoma patients with laser therapy. Furthermore, the "Extreme Photonics Applications Centre (EPAC)", an unusual imaging center, was opened in February 2020 with funding provided by the UK government totaling approximately USD 105.10 million. The goal was to accurately depict the interior structure of an object in three dimensions. Applications in the fields of medical equipment, healthcare, military vehicle engineering, etc, benefited from this. Leading companies in the industry focused on launching state-of-the-art laser-based products during COVID-19. For instance, in May 2020, QuantLase Imaging Lab unveiled a brand-new, rapid COVID-19 laser testing method to detect and monitor coronavirus in all industrial verticals. It is a laser-based diffractive phase interferometry (DPI) technique that is non-invasive, reasonably priced, and easy to use. Therefore, the COVID-19 pandemic impacted laser technology in two two-way, while many other industries were impacted severely due to the shutdown of restrictions and lockdowns, laser technology was severely affected because of this. But the medical industry helped the laser technology market to keep resilience, with various developments during that period in the industry.

(Source- https://www.medicaldevice-network.com/news/quantlase-laser-testing-technology-covid-19)
 

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Global Laser Technology Market is witnessing significant growth in the near future.

In 2023, the Solid Laser segment accounted for noticeable share of global Laser Technology Market and is projected to experience significant growth in the near future.

The Optical Communication segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies CoherentInc (California United States) , Lumenis Ltd (Tsafon Israel) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.

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