Singapore Medical laser is a device that uses a strong beam of light
to cut, burn, or destroy tissue. The medical laser treatments are non-invasive
procedures that provide faster healing. These procedures are used to treat
tissues without scarring and discoloration of the skin or tissues. They include
treatment of the scares, reshaping the cornea, used for dental procedures,
tumor removal, breast surgery, and others.
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Singapore medical laser market is expected to exhibit significant growth during the forecast period due to increase in number of cosmetic procedures and rise in number of patients using advanced laser-based treatments globally. In addition, various benefits offered by medical laser systems, such as decreased pain intensity and faster recovery and surge in the importance of aesthetics laser procedures are the major factors that boost the Singapore medical laser market. However, stringent safety regulations and high rate of failure of laser-based surgical procedures is projected to impede the Singapore market growth. Moreover, increase in disposable incomes and growth in demand for laser treatment in the emerging countries are expected to offer significant profitable opportunities for the manufacturers in the Singapore medical laser market growth.
Based on product type, the solid-state laser systems segment
is accounted for Singapore largest share in 2018, and is anticipated to continue this
trend during the forecast period. This is attributed to its wider applications
in several photodynamic therapy and aesthetic treatments as well as it provides
the quality output.
Based on end user, the cosmetic segment is accounted for the
largest share in 2018. This is attributed to increase in adoption of lasers in
the cosmetic procedures such as hair removal and skin resurfacing. In addition,
growth in demand for non-invasive treatments and rise in number of aesthetic
procedures being performed further propels Singapore market growth.
Region wise, Asia-Pacific is expected to be the fasted growing Singapore market during the forecast period, owing to increase in geriatric population, rapid adoption of technologically advanced laser treatment options, high disposable incomes, and rise in awareness toward the adoption of medical lasers as a replacement of invasive surgery.
The report provides a comprehensive analysis of the key
players operating in the Singapore medical laser market, which include IRIDEX
Corporation, Lumenis Ltd., Ellex Medical Lasers Ltd., CryoLife, Inc., Novartis
AG, Koninklijke Philips N.V., Biolase Inc., Boston Scientific Corporation,
Bausch & Lomb Holdings, Inc., and Syneron Medical Ltd.
The other players in the value chain (profiles not included
in the report) include Quantel laser, Nidek CO., LTD., Topcon Corporation, DEKA
M.E.L.A. S.r.l., SharpLight Technologies, Sciton, Inc., and Alma Lasers.
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