Lasers in Medical Devices
Lasers have found applications in many medical specialties including dermatology, dentistry, ophthalmology, urology, and oncology, among others. Several unique properties of laser light (directionality, pulsed or continuous output, high peak and/or average powers, and long coherence times/lengths) make it applicable to many different diagnostic and treatment modalities. Laser-based technologies can be a game-changer in medical device development. They should be considered for use in cases where they can improve outcomes, reduce equipment costs, reduce patient recovery times, and/or reduce treatment times/costs.
For the reasons above, the market for medical lasers has continually expanded over the past six decades. The North American medical laser market was estimated to have a value of $1.87 billion USD in 2019, which is expected to more than double by 2027 (even after factoring in the effects of the COVID-19 pandemic).