North America Market Forecasts
North America industry is predicted to dominate majority revenue share of 34% by 2037. The region is the largest manufacturer and consumer of co2 lasers with escalating technological advancements in the region. The growth of this market can be attributed to the account of increasing utilization of co2 laser cutting in the healthcare and aerospace sector particularly in the United States. Co2 lasers are utilized in laser surgery which is a minimally invasive procedure that uses lasers to treat a variety of medical conditions. In 2020, around 4.6 million aesthetic minimally invasive treatments had taken place. Moreover, the increasing demand for laser surgery is influenced by escalating geriatric population and increasing incidence of cosmetic surgeries in the region further fuelling the industry growth in the region during the estimation period.
APAC Market Statistics
In the Asia Pacific region, the CO2 laser market is anticipated to experience significant market share during the time period between 2025-2037. The economies of China, India, and South Korea are among those that have made significant contributions to market expansion. The expansion is linked to the region's increasing use of CO2 laser tools in manufacturing and industrial automotive applications.
Author Credits: Radhika Pawar
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