The Medical Laser Market is expected to grow at a CAGR of 15.3% from 2021 to 2028 to reach a value of $4.32 billion by 2028. The increasing number of cosmetic procedures, rising preference for minimally invasive procedures, and increasing prevalence of eye disorders are the major factors supporting the growth of the market. The growth of medical tourism is expected to provide significant growth opportunities for players operating in this market. The rising number of private hospitals, improvements in medical infrastructures, and inexpensive treatments are driving the growth of medical tourism in developing economies.

Meticulous Research®— a leading global market research company, published a research report titled "Medical Laser Market by Device Type (Solid-state Lasers, Gas Lasers, Dye Lasers); Fiber Type, Application, Fiber Application, and Geography—Global Forecast to 2028."

The global medical laser market is expected to grow at a CAGR of 15.3% during the forecast period, to reach a value of $4.32 billion by 2028. This market is largely driven by factors such as the increasing number of cosmetic procedures, rising preference for minimally invasive procedures, and the growing number of people with eye disorders. The growth of medical tourism is expected to provide significant growth opportunities for players operating in this market. However, factors such as the high cost of lasers, stringent safety regulations, and risks associated with lasers are expected to hinder the growth of this market.