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Increasing Applications of Lasers in Medical Devices and Surgeries Bolsters Growth

Increasing Applications of Lasers in Medical Devices and Surgeries Bolsters Growth

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Global Laser Processing Market

Global Laser Processing Market

Global Laser Processing Market

Dublin, March 24, 2023 (GLOBE NEWSWIRE) — The “Laser Processing Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.

The global laser processing market grew from $16.57 billion in 2022 to $18.46 billion in 2023 at a compound annual growth rate (CAGR) of 11.4{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f}. The laser processing market is expected to grow to $26.69 billion in 2027 at a CAGR of 9.7{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f}.

Asia-Pacific was the largest region in the laser processing market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the laser processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing applications of lasers in medical devices and surgeries are significantly contributing to the growth of the laser processing market. Medical lasers are utilized in medical procedures in various specialties, including ophthalmology, dermatology, plastic surgery, and dental surgeries, as well as in intraabdominal, cardiothoracic, neurologic, gynecologic, and urologic procedures. Lasers facilitate a source of focused, coherent light capable of transmitting intense energy to a precise location.

For instance, in 2022, according to a report published by Biospace, a leading online source for biotechnology jobs, cataract statistics in the U.K., 330,000 cataract operations are conducted every year in the country. Moreover, 30{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f} of people aged 65 years and above are expected to have a cataract in one or both eyes. In 2020, in the U.S., around 718,000 surgeries are projected to be performed. In Europe, around 757,000 laser eye surgeries are likely to be performed by 2020. Therefore, the increasing usage of laser in medical devices and surgeries is expected to boost the demand for laser processing solutions during the forecast period.

Technological advancements are a key trend gaining popularity in the laser processing market. Many companies operating in laser processing are developing new products or new technologies to meet industry demand and strengthen their market position across the globe. For instance, in September 2021, TRUMPF, a German-based industrial machine manufacturing company launched 2D laser cutting machine, TruLaser 1000 which guaranteed up to 70{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f} feed rate and with its effective cooling, it produces with high processing quality. Due to its ease of use and a wide variety of materials, it is ideal for beginners and companies who want to increase their production capacity.

In 2022, TRUMPF, a German-based industrial machinery manufacturing company acquired an 80{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f} stake in Active Fiber Systems GmbH (AFS) for an undisclosed amount. With this acquisition, TRUMPF can leverage AFS’s laser systems to generate extremely short-wavelength light with high coherence, as well as for biomedical imaging and materials processing. Active Fiber Systems GmbH German-based manufacturer of ultrashort-pulse laser systems and fiber laser systems for science and research applications.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.

  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.

  • Assess the Russia – Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.

  • Measure the impact of high global inflation on market growth.

  • Create regional and country strategies on the basis of local data and analysis.

  • Identify growth segments for investment.

  • Outperform competitors using forecast data and the drivers and trends shaping the market.

  • Understand customers based on the latest market shares.

  • Benchmark performance against key competitors.

  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Scope
Markets Covered:

1) By Type: Gas Laser; Liquid Laser; Solid Laser; Other Types
2) By Application: Cutting; Welding; Drilling; Microprocessing; Marking and Engraving; Other Applications
3) By End-Use Industry: Aerospace and Defense; Automotive; Healthcare; Machine Tools; Architecture; Electronics and Microelectronics; Other End User Industries

Key Attributes:

Report Attribute

Details

No. of Pages

200

Forecast Period

2023 – 2027

Estimated Market Value (USD) in 2023

$18.46 billion

Forecasted Market Value (USD) by 2027

$26.69 billion

Compound Annual Growth Rate

9.7{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f}

Regions Covered

Global

Key Topics Covered:

1. Executive Summary

2. Laser Processing Market Characteristics

3. Laser Processing Market Trends And Strategies

4. Laser Processing Market – Macro Economic Scenario

5. Laser Processing Market Size And Growth

6. Laser Processing Market Segmentation

7. Laser Processing Market Regional And Country Analysis

8. Asia-Pacific Laser Processing Market

9. China Laser Processing Market

10. India Laser Processing Market

11. Japan Laser Processing Market

12. Australia Laser Processing Market

13. Indonesia Laser Processing Market

14. South Korea Laser Processing Market

15. Western Europe Laser Processing Market

16. UK Laser Processing Market

17. Germany Laser Processing Market

18. France Laser Processing Market

19. Eastern Europe Laser Processing Market

20. Russia Laser Processing Market

21. North America Laser Processing Market

22. USA Laser Processing Market

23. South America Laser Processing Market

24. Brazil Laser Processing Market

25. Middle East Laser Processing Market

26. Africa Laser Processing Market

27. Laser Processing Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Laser Processing Market

29. Laser Processing Market Future Outlook and Potential Analysis

30. Appendix

A selection of companies mentioned in this report includes

  • Coherent Inc.

  • TRUMPF Inc.

  • Han’s Laser

  • IPG Photonics

  • Jenoptik Group

For more information about this report visit https://www.researchandmarkets.com/r/wq3ney

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Univera equity award bolsters Warrior House ‘Aging Strong Program’

Univera equity award bolsters Warrior House ‘Aging Strong Program’

Any person up for a little downward pet?

In their ongoing quest to give packages for the community’s very well-remaining, organizers of The GOOSE Neighborhood Center and Warrior Home of WNY will now be featuring a yoga sequence, thanks to a Univera overall health fairness award, Susan Zeliff states.

The award from Univera Healthcare will support Warrior Home of WNY and its Aging Solid Application to encourage physical wellness between senior older people aged 55 and older in rural Genesee County. Based in Oakfield, Warrior Household is a nonprofit organization committed to enriching the lives of veterans and households through Western New York by means of support providers that endorse social and emotional improvement for all round health and fitness and well-becoming, said Zeliff, Warrior Dwelling co-founder and treasurer.
 
“Aging Powerful is a community-based mostly health and diet plan that informs and empowers more mature older people to make balanced choices about taking in, and safely raise their amount of physical activity,” Zeliff explained this weekend. “In our section of Genesee County, the want for this kind of software is good, but existing resources were couple of. That is right until Univera stepped in with underwriting aid.”    
 
Warrior Dwelling of WNY is located at 33 South Key St., in The GOOSE Community Heart, a identify borrowed from the former internet site of the Yellow Goose and an acronym for the Warrior House motto: God is On Our Side Every day. 
 
Univera Health care is a nonprofit well being program that serves associates across the eight counties of Western New York and invited nonprofit, 501(c)(3) businesses serving Western New York to utilize for Health Equity Awards to enable fund health and wellness packages that address racial and ethnic health disparities.

Health and fitness Fairness categories integrated but were not confined to: Lessening wellbeing disparities in racial, ethnic, LGBTQ communities, people with disabilities, people living in rural or city communities, or other teams that might be at higher well being possibility for clinical difficulties and problems (long-term or acute), behavioral wellness or mental wellness disorders, and negative outcomes from the previously mentioned, together with death or suicide.
 
“Working jointly with businesses such as Warrior House, we are confronting the disaster in health disparities, and addressing prolonged-standing gaps in treatment and products and services in underserved communities,” Univera Healthcare President Artwork Wingerter mentioned. 

Univera Health care invited companies to implement for awards of up to $30,000 every single to support fund packages to enhance health and fitness fairness in communities of color, specially inside Black and Latino communities. These segments of the group go on to endure from health treatment and social cons thanks to racism and discrimination. Award categories consist of, but have been not constrained to, strengthening the community’s actual physical wellness and mental health and fitness, cutting down social disparities in health care, and guaranteeing access to health and fitness treatment expert services. 

The funding from Univera Health care will guidance six nonprofit, 501(c)(3) corporations across Western New York, that had been chosen soon after a comprehensive review approach that integrated enter from people today with various backgrounds and ordeals to evaluate each individual proposal. Grant recipients have been picked primarily based on obvious, outlined targets and measurable success for reducing wellness disparities and strengthening overall health fairness.

Univera Health care introduced the award to Warrior Dwelling on Feb. 2. The target of the Getting old Solid method is to market actual physical well being amid senior adults 55 and more mature by means of a neighborhood-based exercise and diet plan that informs and empowers more mature adults to make nutritious possibilities about feeding on and safely and securely increasing their physical activity amounts, Zeliff stated.

Secondary aims include cultivating supportive networks amid older-aged community customers, selling health and fitness training and literacy through health and diet workshops, and awareness of accessible help from community health support vendors and the Warrior Dwelling food stuff pantry.

Funds will be used for plan analysis, materials, foodstuff, and for exercising instructor Denise Gliden. She will be hosting a chair yoga at 10 a.m. on Thursday mornings beginning March 16 and a Vinyasa-model yoga at 6 p.m. on Wednesday nights beginning March 22. 

“Our Univera Award will allow us to give these lessons for totally free. Our target is often to offer low to no-expense plans. We by no means want expenditures to hold people today from collaborating in our programs,” Zeliff stated. “It is awards like this that aid us make this achievable. At this time, we are not putting a limit on the class sizing. We are hoping to reward a lot of men and women with this software.”

For far more data, go to Warrior Household of WNY or Univera Healthcare.

Submitted image of Michele Hrichan, Univera Health care Medicare Income Olivia Linke, Univera Health care Neighborhood Affairs Director Susan Zeliff, Warrior Home of WNY co-founder and Treasurer Art Wingerter, Univera Healthcare president and Kimberly Burr, Univera Healthcare Marketplace Enroller.