Global Medical Laser Market Projected to Quadruple by 2034, Fostered by Innovation and Growing Demand for Minimally Invasive Procedures [Yahoo! Finance]
Boston Scientific Corporation (BSX)
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Source: Yahoo! Finance
Market Expansion Driven by Technological Advancements and Minimally Invasive Trend The global Medical Laser Market is poised for a robust growth trajectory from 2023 through 2034, as per recent market analyses. With an estimated value of USD 5.71 billion in 2023, the market is anticipated to surge to USD 22.22 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.15%. Innovations in medical laser technology and a heightened demand for minimally invasive treatment options are catalyzing this significant growth. Surgical Lasers Lead the Way as the Dominant Segment Surgical lasers have emerged as the leading segment within the market, owing to technological breakthroughs and an increasing prevalence of chronic conditions necessitating minimally invasive interventions. Approval of advanced laser-assisted devices, such as the FDA 510(k) cleared EdgePRO laser-assisted irrigation device in dentistry, exemplifies the growth in this arena. Consumables and Laser Syst
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