As of 2023, the global carbon dioxide lasers market has successfully attained a significant valuation of US$ 5.0 billion, reflecting its robust growth trajectory.
Projections suggest that the market is poised to maintain a steady pace of expansion, with an estimated CAGR of 3.6% from 2023 to 2033. Such consistent growth is expected to propel the market to remarkable heights, culminating in an impressive value of US$ 7.1 billion by the end of 2033.
The carbon dioxide lasers market is experiencing a notable upswing, fueled primarily by the expanding laser surgery industry.
As advancements in medical technology continue to evolve, CO2 lasers have become a preferred choice for surgical procedures, contributing to the market's remarkable growth. Moreover, the versatility of CO2 lasers has opened up new opportunities for market expansion in various manufacturing industries.
These lasers find extensive application in manufacturing processes, offering precision cutting and engraving capabilities, thereby driving their adoption across different sectors.
| Attributes | Details |
|---|---|
| Carbon Dioxide Lasers Market Size Value in 2023 | US$ 5.0 billion |
| Carbon Dioxide Lasers Market Forecast Value in 2033 | US$ 7.1 billion |
| Carbon Dioxide Lasers Market Growth Rate (2023 to 2033) | 3.6% |
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Demand for carbon dioxide lasers grew at 4.7% CAGR between 2018 and 2022, according to Future Market Insights (FMI).
The period from 2018 to 2022 witnessed steady growth in the carbon dioxide lasers industry, driven by increasing applications in diverse industries such as medicine, manufacturing, and cosmetics. However, the forecast for 2023 to 2033 indicates a significant surge in market demand, surpassing the earlier outlook.
This upswing can be attributed to further advancements in laser technology, the continuous expansion of the laser surgery industry, and a rising trend of integrating CO2 lasers into various cutting-edge manufacturing processes.
The market is expected to benefit from the growing demand for cosmetic surgeries and the widespread adoption of CO2 lasers in addressing skincare concerns.
Overall, the future looks highly promising for the market, at a growth rate of 3.6% from 2023 to 2033, reaching US$ 7.1 billion by 2033.
Principal Consultant
As per the FMI analysis, the market for carbon dioxide lasers in China is likely to be at the forefront of the global market at 3.5% CAGR from 2023 to 2033, reaching US$ 1.5 billion by the end of the forecast period.
The industrial laser systems market in China is thriving primarily due to the concentration of numerous industrial manufacturing plants in the region.
These plants are affiliated with various industries, including aerospace, defense, automotive, consumer electronics, and medical devices, contributing significantly to the market's growth.
It is projected to experience the most promising market growth in the upcoming years, driven by the increasing number of automotive and consumer electronic device manufacturers expanding their operations and manufacturing facilities across different parts of the country.
The government's focus on research and development initiatives in the robotics industry is playing a pivotal role in propelling the growth of the carbon dioxide lasers industry in China.
The United States leads in technological advancements and serves as a prominent manufacturer and consumer of CO2 lasers.
The country’s market is projected to experience a significant growth rate of 3.5% during the forecast period, primarily driven by the extensive utilization of CO2 laser cutting in the healthcare and aerospace industries.
With approximately 17.5 million surgical and minimally invasive procedures performed in 2017, a 2% increase from the previous year, the demand for hygienic, precise, and residue-free tools in plastic surgery has led to the adoption of CO2 laser cutting in their manufacturing.
The resurgence of coronary heart disease has led to rising demand for various medical stents, including bioresorbable stents, bare-metal stents, and drug-eluting stents.
To meet the high precision and quality requirements, lasers are widely used in stent manufacturing due to their enhanced accuracy, superior workflow, and ability to cut complex shapes. Key players in the country involved in stent manufacturing include Abbott Laboratories, Medtronic PLC, and Boston Scientific Corporation, among others.
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During the forecast period, the industrial segment is expected to witness significant market share growth, emerging as the major application segment globally with an anticipated CAGR f 3.4%.
This prominence can be attributed to the diverse capabilities of CO2 lasers, encompassing heat treatment, cutting, drilling, welding, and kiss-cutting across a wide range of materials.
To cater to industrial needs, CO2 lasers are designed with varying power levels and configurations. Low-power CO2 lasers (1kW) facilitate a simple melt-mode fusion process, while high-powered lasers are adept at executing high-speed keyhole welds.
Besides metal cutting, welding applications are anticipated to hold the greatest growth potential in this segment. The increasing demand for CO2 lasers for welding purposes has been a major driver of the global market's expansion.
Notably, high-power beam sources, cost-efficient have been incorporated into CO2 lasers to further enhance their performance in industrial applications.
The Up to 50W segment is expected to lead the market by power output due to its versatile applications and increasing demand across various industries, in turn, fostering the sub-segment’s projected CAGR of 3.5% from 2023 to 2033.
CO2 lasers with power outputs up to 50W strike a balance between affordability and performance, making them a popular choice for a wide range of cutting, engraving, marking, and drilling tasks.
These lasers find extensive use in industries such as electronics, packaging, automotive, and medical devices, where precision and cost-effectiveness are crucial.
The advancements in laser technology have improved the efficiency and reliability of these lower-power CO2 lasers, further fueling their adoption and propelling the Up-to-50W segment to a leading position in the market.
The competition in the industry is structured around key players vying for market share, innovation, and technological advancements.
Established laser manufacturers, as well as specialized companies focusing on laser systems, compete to cater to various industries' demands, including medical, manufacturing, and research.
The competition is driven by factors such as laser performance, precision, reliability, and pricing. As the market evolves, companies seek to differentiate themselves by offering customized solutions and expanding their product portfolios to meet the diverse application needs of customers.
The industry's competitive landscape is influenced by ongoing research and development efforts to enhance CO2 laser capabilities, drive efficiency, and explore novel applications, further intensifying the race for market dominance.
Key Players:
One of the Recent Developments in the Market:
The market is valued at US$ 5.0 billion in 2023.
Amtec, Coherent, Inc., and Control Laser Corporation are the key market players.
The market is forecast to register a CAGR of 3.6% through 2033.
The market is estimated to reach US$ 7.1 billion by 2033.
Increasing demand from the cosmetic industry is encouraging carbon dioxide laser adoption.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Output Power
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Output Power, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Output Power, 2023 to 2033
5.3.1. Up to 50 W
5.3.2. 50 W to 500 W
5.3.3. 500 W to 1000 W
5.3.4. Above 1000 W
5.4. Y-o-Y Growth Trend Analysis By Output Power, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Output Power, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Industrial
6.3.2. Communication
6.3.3. Medical
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Output Power
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Output Power
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Output Power
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Output Power
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Output Power
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Output Power
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Output Power
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Output Power
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Output Power
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Output Power
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Output Power
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Output Power
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Output Power
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Output Power
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Output Power
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Output Power
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Output Power
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Output Power
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Output Power
15.5.2.2. By Application
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Output Power
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Output Power
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Output Power
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Output Power
15.9.2.2. By Application
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Output Power
15.10.2.2. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Output Power
15.11.2.2. By Application
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Output Power
15.12.2.2. By Application
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Output Power
15.13.2.2. By Application
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Output Power
15.14.2.2. By Application
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Output Power
15.15.2.2. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Output Power
15.16.2.2. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Output Power
15.17.2.2. By Application
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Output Power
15.18.2.2. By Application
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Output Power
15.19.2.2. By Application
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Output Power
15.20.2.2. By Application
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Output Power
15.21.2.2. By Application
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Output Power
15.22.2.2. By Application
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Output Power
15.23.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Output Power
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Amtec
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Coherent, Inc.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Control Laser Corporation
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. El.En. S.P.A
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Epilog Laser
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Fanuc Corporation
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Han’s Laser Technology Industry Group Co., Ltd
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Kern Electronics & Lasers, Inc
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Lightmachinery, Inc
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. PRC Laser Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Carbon Dioxide Lasers Market
