DUBLIN – (COMMERCIAL THREAD) – The report “Laser Treatment Market – Forecast from 2021 to 2026” has been added to ResearchAndMarkets.com offer.
The laser treatment market is valued at US $ 11.089 billion for the year 2019 and is expected to grow at a CAGR of 7.78% to reach a market size of US $ 18.742 billion by 2026.
The increase in applications in medical devices and surgeries is one of the major market drivers expected to propel the growth of the laser treatment market during the forecast period. In addition, the rapid growth of nano-manufacturing technology is expected to contribute to the growth of the global laser treatment market.
In addition, the manufacturing sector is increasingly adopting laser for material processing due to the many advantages it offers over traditional material processing, which is expected to be one of the main reasons for the growth of the market. .
However, the high initial cost of laser treatment systems is one of the major constraints in the global laser treatment market. Besides, the inability of lasers to cut thick metals and the need for expertise are other factors which are expected to restrain the growth of the market.
The outbreak of the novel coronavirus disease has negatively impacted the laser treatment market. Manufacturing facilities have been closed in many parts of the world in an effort to curb the spread of the coronavirus, resulting in slower market growth.
In addition, travel restrictions have caused disruption to the supply chain in the market, which has hurt the market. Moreover, even after the manufacturing facilities opened, a labor shortage was reported in many places which further reduced the size of the laser treatment market during the pandemic.
Advantages over traditional material processing
One of the major factors predicted to drive the growth of the laser processing market during the forecast period is the large number of advantages offered by laser material processing over traditional methods, which is expected to result in a increased adoption of laser for materials. treatment during the forecast period.
With the increasing demand for miniaturization of microelectronics, laser cutting is used more and more because laser cutters have extremely high precision and precision, which is needed under conditions where tolerances are extremely tight. and therefore make laser cutting the best choice.
In addition, it is high speed and produces products without the need for retooling. In addition, laser welding offers higher weld resistance because laser welding is narrow with an excellent depth / width ratio. The heat affected area is limited and, due to rapid cooling, the surrounding material is not annealed.
In addition, lasers allow drilling a wide variety of materials, from rubber and wood to very hard metals like diamonds and ceramics. In addition, a large depth-to-diameter ratio can be achieved by laser drilling. Many such advantages provided by the use of laser in materials processing, coupled with the miniaturization of microelectronics resulting in an increased need for precision, are expected to lead to an increase in the growth of the laser processing market over the course of the decade. evaluation period.
Advances in laser treatment with the launch of new products.
The development of innovative and next-generation products facilitates manufacturing and industrial processes, which is expected to lead to increased demand for laser processing products in the years to come.
Asia-Pacific to dominate the market.
Geographically, the Asia-Pacific region is expected to hold a significant market share and is expected to experience the fastest growth due to the use of laser processing in manufacturing, mainly in China. In addition, the growth of end-use industries such as electronics, healthcare, and construction are expected to drive market growth in the region in the coming years.
Main topics covered:
1.1. Market definition
1.2. Market segmentation
2. Research methodology
2.1. Research data
3. Executive summary
3.1. Research Highlights
4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Porter’s Five Forces Analysis
4.4. Industry value chain analysis
5. Laser Treatment Market Analysis, By Type
5.2. Gas laser
5.3. Liquid laser
5.4. Solid laser
6. Laser Treatment Market Analysis, By Application
6.2. Chopped off
6.6. Marking & Engraving
7. Laser Treatment Market Analysis, By End Use Industry
7.2. Aeronautics and Defense
7.4. Health care
7.5. Machine tools
7.7. Electronics and Microelectronics
8. Laser Treatment Market Analysis, By Geography
8.2. North America
8.2.1. United States
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. United Arab Emirates
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive environment and analysis
9.1. Analysis of major players and strategy
9.2. Emerging players and market profitability
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Supplier competitiveness matrix
10. Company profiles
Gestion Lumentum Inc.
IPG Photonics Corporation
Han’s Laser Technology Industry Group Co., Ltd
For more information on this report visit https://www.researchandmarkets.com/r/lys80g