Growing End-User Industries to Drive the Global Laser Materials Market | Technavio
May 27 2018 - 4:03PM
Business Wire
Technavio’s latest market research report on the
global laser materials market provides an analysis of the
most important trends expected to impact the market outlook from
2018-2022.
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the full release here:
https://www.businesswire.com/news/home/20180527005030/en/
Technavio has published a new market
research report on the global laser materials market from
2018-2022. (Graphic: Business Wire)
According to Technavio market research analysts, the global
laser materials market will grow at a CAGR of close to 6%
during the forecast period. One of the key factors driving the
market growth is the increased demand for laser materials from
various end-user industries. Laser materials are widely used in
anti-tank missiles, radar, underwater equipment in military
applications, electronics sector, and the medical and healthcare
industry. The use of laser materials like metal, plastics,
ceramics, and glass to encapsulate laser equipment and to protect
printed circuit boards will significantly drive the growth of the
global laser materials market. Moreover, the implementation of
laser technology by the medical industry for oncology, drug
delivery, gene therapy, and nerve repair will boost the growth of
the global laser materials market during the forecast period.
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In this report, Technavio highlights the rise in the adoption of
laser technology by the medical industry as one of the key emerging
trends in the global laser materials market:
Rise in the adoption of laser
technology by the medical industry
During the forecast period, the medical and healthcare segment
is expected to witness the fastest growth rate in the global
laser materials market. Some of the important benefits provided
by the laser technology-based medical procedures are less incision,
faster curing time, which led to an increase in adoption by the
medical industry. In the medical sector, laser technology in highly
adopted for applications such as surgeries, reshaping the cornea to
improve eyesight, tattoo removal, and cutting into tissues during
surgical procedures. The implementation of laser technology helps
remove plaque from arteries and blood vessels. Plaque is a deposit
of fat and cholesterol formed in the inner walls of blood vessels,
which blocks the flow of blood to different organs.
“Laser technology is adopted in density and
nerve repair. In dentistry, laser technology is used to burn
cavities and scaling. Thus, the growth of the medical and
healthcare sector and the extensive acceptance of laser technology
by the medical industry will drive the growth of the global laser
materials market during the forecast period,” says a senior analyst
at Technavio for research on specialty chemicals.
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Global laser materials market
segmentation
This market research report segments the global laser materials
market into the following material types (metal, glass, plastic,
and ceramic) and key regions (the Americas, APAC, and EMEA).
APAC was the leading region for the global laser materials
market in 2017, accounting for a market share of nearly 48%. By
2022, APAC is expected to continue dominating the market and
register the highest market growth.
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version on businesswire.com: https://www.businesswire.com/news/home/20180527005030/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com