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Laser action in a Carbon Dioxide (CO2) molecule was first demonstrated by Kumar Patel in Bell Laboratory in 1964. The Carbon Dioxide (CO2) lasers can be operated in radio frequency range by using AC current or DC current. Due to its high drive voltages and current, CO2 laser is considered to be hazardous. Additionally, during the year of 1984, the CO2 lasers reliability has been approved by the U.S. Food and Drug Administration (FDA). Globally, CO2 lasers are used in different end use industries which includes automobiles, manufacturing, military and healthcare among various other. This is mainly due to CO2 lasers has various efficient characters such as performance, high output power, compact size, and durability among others, which have also proven to be very useful tool for different application. Last couple of years, growing demand for research & development activities in medical application have tremendously increased the scope and applicability of CO2 lasers. The range of dermatological applications of the CO2 laser is expected to continue to increase in the future. Furthermore, CO2 lasers are used in multiple medical application which includes dermatology and surgery worldwide. The global CO2 laser market is estimated to witness a stable growth during the projection period, from 2018-2026.

Technological advancement in CO2 laser technology have meant greater precision and smaller spot sizes for laser surgery, and more flexibility in tip sizes and protocols for fractional CO2 laser treatment. Global CO2 laser market has been segmented on the basis of laser type, end use industry and geography. On the basis of laser type, the CO2 laser market has been segmented into flowing CO2 gas lasers, sealed off CO2 laser and transverse flow CO2 gas lasers among others. In coming years, flowing CO2 gas lasers segment is expected to grow at a high CAGR rate. On the other hand, in 2017 flowing CO2 gas lasers and sealed of CO2 lasers hold the major share in global CO2 laser market. Based on end use industry, the CO2 laser market has been bifurcated into automotive, military & defense, manufacturing and healthcare among others. In 2017, healthcare and manufacturing segment hold the major share in the CO2 laser market. These applications are expected to maintain their dominance during the forecast period.  However, in coming years, healthcare segment is anticipated to grow at a highest CAGR rate. This is mainly due to, rising application and increasing use of CO2 laser technology in healthcare applications will further drive the market growth during the forecast period. On the flip side, availability of other substitute’s inspection product in compare with lower price is anticipated to hinder the growth of this product market in coming years.

Geographically, CO2 laser market is segmented into North America, Europe, Asia Pacific, Middle- East and Africa and South America. The growth in demand for automotive and manufacturing welding and cutting is majorly driven by Asia Pacific. In addition, Asia Pacific is predicted to witness the most auspicious market in the coming years, owing to increasing number of automotive and consumer electronic device manufacturers are continuously focusing to expand their operation and manufacturing units across the different part of Asia Pacific. Cumulative emphasis on research and development happenings by government initiative in robotics industry is also acting as a key factor in the growth for Asia Pacific market. Across the globe most promising and developing countries in North America to dominate the second market share within next forecast period. Asia pacific region is expected to be the fasted growing market for this product due to rapid industrialization and increasing adoption of new technologies across different end use industry vertical.

This report explores the major global industry players in detail. Major companies operating in the global CO2 laser market are Coherent Inc. (The U.S.), SYNRAD (Europe), Directed Light Inc. (The U.S), GSI Group Ltd. (The U.S), SPECTRAL (Europe), Edinburgh Instruments Ltd. (The U.K.) Han's Laser Technology (China), LightScalpel (The U.S.), Kern Technologies, LLC. (The U.S.) And Lumenis Ltd. (Israel) among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Carbon Dioxide Laser Market

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