Laser Processing Market Growth Outlook: Revenue Contributions of Top Key Players

Thu, 26 Dec 2024 09:50:54 +0000

The global laser processing market size is expected to reach USD 9.79 Billion in 2032 and register a revenue CAGR of 7.8% during the forecast period, according to the latest analysis by Emergen Research. Steady market revenue growth can be attributed to technological advancements in medical sector. Lasers are now frequently employed in a variety of medicinal applications. Surgery, ophthalmology, dermatology, angioplasty, cancer therapy, urology, and aesthetic applications such as laser hair removal, tattoo removal, and liposuction are examples of these. When laser radiation strikes human tissues, several phenomena such as reflection, transmission, scattering, re-emission, and absorption can occur. The absorption phenomenon is the most crucial. Oxyhemoglobin (in blood), the oxygen-transporting protein in the blood, absorption of Ultraviolet (UV), and blue and green light are principal laser-absorbing components in tissues. Excimer, argon, Potassium-Titanyl-Phosphate (KTP), Dye, and Ruby lasers for selective absorption, and Melanin, a pigment in skin, hair, and moles, absorption in visible and near Infrared (IR) light (400nm - 1000nm). Diode and Neodymium-Doped Yttrium Aluminum Garnet (Nd: YAG) lasers are examples of selective melanin absorption lasers.