Laser technology market review

Cleveland, Ohio – According to a new market research report “Laser Technology Market by Type, Application, and Geography – Trends & Forecast to 2013 - 2020,” the total market is expected to grow to$17.06 billion by 2020, at an estimated CAGR of 7.58% from 2014 to 2020.

The laser technology market report is segmented on the basis of laser types, and classified by its type as solid, liquid, and gas lasers, then has solid lasers segmented into YAG Lasers, fiber lasers, thin disk lasers, and ruby lasers. The report recognizes the market dynamics such as drivers, restraints, and opportunities.

Apart from the market segmentation, the report also includes critical market data and qualitative information for each product type along with quantitative analysis such as Porter’s five forces analysis, market time-line analysis, industry breakdown analysis, and value chain analysis.

Due to its distinguished characteristics, laser is the preferred tool in medical device manufacturing. Irrespective of the various applications like the production of endoscopes, medical instruments, or implants, lasers work with high speed, precision and repeatability resulting in high quality of products.

Some products, such as pacemakers for cardio-related ailments, can be manufactured only with the help of lasers. The laser welds the titanium housing airtight, leaving no porosity and room for refinishing.

Laser technology has proven to be an essential surgical tool, for improving eyesight, repair torn retinas, treat kidney stones, or the removal of spinal tumors. Although it has been more than four decades of use in the operating room, laser surgery has been limited by the property that its energy travels in straight lines.

This implies that a laser works best on applications that can be reached with a straight shot.

This report presents the future of the global market and industry from both technical and market-oriented perspectives with techno-market oriented roadmaps until 2020. This report describes the market trends, drivers, restraints, and opportunities of the laser technology market and forecasts the market until 2020, based on product types, applications, and geography.

In geography, the report covers North Americas, Europe, Asia-Pacific, and Rest of the World.

Some of the key players in the laser technology market are Trumpf (U.S.), JDS Uniphase Corporation (U.S), Coherent, Inc. (U.S.), Rofin-Sinar (Germany), Cymer, Inc. (U.S.), Newport Corporation (U.S.), and IPG Photonics Corporation (U.S.).

Source: MarketsandMarkets