As Per the Report, the Middle East & Africa Size is valued at USD 0.37 billion in 2022 and is predicted to reach USD 0.48 billion by 2027, growing at a CAGR of 5.27% during the forecast period 2022 to 2027.
The Middle East and Africa surgical lasers market is primarily driven by increased demand for minimally invasive operations, rising chronic diseases among the elderly globally, and increasing finances to create technologically superior equipment to improve treatment efficiency.
Furthermore, factors like higher stress levels and increased consumption of unhealthy and junk food propel the surgical lasers industry forward. Furthermore, due to factors such as developments in healthcare institutions, a growing medical tourism trend in developing countries, rising health awareness and demand for minimally invasive surgeries, and favorable reimbursement policies designed for several laser procedures, the surgical laser market is expected to grow even more during the forecast period. These aspects are projected to provide profitable growth prospects for stakeholders and corporate drive growth during the projection period.
The increased medical laser uses in aerospace and military equipment, healthcare, manufacturing operations, and other areas encourage the market to expand. In addition, direct-energy lasers are also commonly used to improve various industrial processes. Therefore, during the projection period, the Middle East and Africa surgical lasers market would benefit from improvements to increase efficiency and productivity, which will lead to greater adoption of these lasers in government and public organizations.
Delays in the surgical laser approval due to rigorous norms and regulations in many countries are a significant challenge for the market participants in the Middle East and Africa. People are cautious about the potential adverse effects of surgical laser operations, which have slowed their uptake. In addition, because of inconvenient reimbursement policies, people in developing nations hesitate to seek laser treatments and procedures.
The outbreak of covid-19 has wreaked havoc on the sector. In addition, due to global lockdowns imposed in response to the recent COVID-19 epidemic, demand for surgical laser equipment has moderately decreased throughout the Middle East and Africa.
This research report on the Middle East & Africa Surgical Lasers Market has been segmented and sub-segmented into the following categories.
By Procedure Type:
Geographically, the Middle East & Africa Surgical Lasers Market is expected to grow at a decent CAGR due to the advances in surgical laser technology, an increase in the frequency of chronic diseases, a strong desire for more minor invasive procedures, and an increase in the incidence of ocular issues are the factors that drive the Surgical Lasers in the Middle East and Africa.
The UAE Surgical laser market is expected to grow significantly due to advancements in medical technology and an increasing concern for one's physical appearance; many people have turned to cosmetic procedures.
The most popular non-surgical technique is Botox injections. Body contouring, which helps tighten the body by eliminating excess skin and fat without requiring surgery, is another procedure that has gained popularity.
The Saudi Arabia Surgical Lasers Market is projected to witness the highest rate due to the proliferation of cosmetic medical laser systems has been aided by social media. In Saudi Arabia, the number of cosmetic treatments performed on women has skyrocketed. As a result, aesthetic operations for decorative purposes have become popular among women and, to a lesser extent, males. Furthermore, the number of aesthetic clinics in Saudi Arabia is rapidly increasing.
KEY MARKET PLAYERS
Key Market Companies dominating the Middle East & Africa Surgical Lasers Market Profiled in the Report are Fotona d.o.o. (Slovenia), Boston Scientific Corporation (U.S.), Abbott Laboratories, Biolitec AG (Austria), Spectranetics Corporation (U.S.), BISON MEDICAL Co., Ltd. (South Korea), Lumenis (Israel), Alma Lasers (Israel), Cynosure, IPG Photonics Corporation (U.S.), Inc. (U.S.).,
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