CO2 Laser: Market Outlook
CO2 laser, invented in 1964, is a high power laser used for cutting through ferrous and non-ferrous metals. CO2 laser is a mixture of various gases like carbon dioxide, nitrogen, helium, xenon and/or water vapor and even hydrogen sometimes.
Due to their high power capabilities, CO2 laser are widely used in industrial applications for cutting, engraving, and welding. In 1984, CO2 laser was approved by the U.S. Food and Drug Administration (FDA), making its application in the healthcare industry more mainstream. Use of CO2 laser causes less bleeding, less pain and a significantly reduced risk of infection, making it a preferred choice in medical and cosmetic surgeries.
CO2 laser is since being used as an incision tool in various surgeries, like dermatology, neurosurgery, otorhinolaryngology, plastic surgery, gynaecology and ophthalmology. Apart from these, CO2 laser also finds applications in military, communications and different manufacturing industries, making it one of the most widely used type of laser in the industry.
CO2 Laser: Market Dynamics
CO2 laser finds its applications in a number of manufacturing industries as well as in health and diagnostics field. CO2 lasers are used for cutting highly precise designs from materials of varying thickness, at a high speed. Hence, they are used in cutting, welding and drilling components, ranging from very small to large sizes.
CO2 lasers have become a go-to choice for cosmetic surgeries like skin lesion and anti-aging surgeries. It is also being used in various complex surgical processes like neurosurgery, spine surgery and ophthalmology, among others, where large excisions are involved and anticipated loss of blood is significant.
Use of CO2 laser in design for manufacturing (DFM) has been gaining prominence in a number of manufacturing industries. DFM helps manufacturers make a manufacturing process easier, economical and efficient, by checking if a product design can be put into manufacturing process.
With the use of CO2 lasers, manufacturers are now able to incorporate more complex designs into manufacturing process, as CO2 lasers are capable of achieving high precision cutting even for complex designs. On the other hand, CO2 laser is increasingly being used in military applications, for LIDAR imaging, which serves as a better alternative to satellite imaging, due to its higher accuracy in imaging.
CO2 laser is anticipated to witness significant competition from fiber lasers, especially in micromachining applications, as they are cheaper and precise as compared to CO2 lasers. But given its unparalleled advantages in diagnostics and manufacturing sectors, CO2 laser market is anticipated to witness a robust growth in the coming years.
CO2 Laser Market: Regional Outlook
East Asia region is expected to dominate the global CO2 laser market, owing to the high demand from electronics, semiconductors and manufacturing industries in China, Japan, and South Korea. East Asia is anticipated to grow the fastest in the CO2 laser market, driven by the growing manufacturing sector in India.
Europe is also expected to hold a dominant share and grow at a moderate pace in the global CO2 laser market, owing to the maturity in the adoption of CO2 laser in various end use industries. North America is also expected to exhibit similar growth pattern in the CO2 laser market growth.
CO2 Laser Market: Market Participants
Some of the key market participants identified in the CO2 Laser market across the globe are:
- Coherent, Inc.
- FANUC CORPORATION
- Han’s Laser Technology Industry Group Co., Ltd
- El.En. S.p.A.
- LIGHTMACHINERY, INC
- Epilog Laser
- Control Laser Corporation USA
- Kern Electronics & Lasers, Inc.
- PRC Laser Corporation
Brief Approach to Research
The research report presents a comprehensive assessment of the CO2 Laser market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to CO2 Laser market segments such as geographies, application and industry.
The report covers exhaustive analysis on
- CO2 Laser Market Segments
- CO2 Laser Market Dynamics
- CO2 Laser Market Size
- CO2 Laser Supply & Demand
- CO2 Laser Current Trends/Issues/Challenges
- CO2 Laser Competition & Companies involved
- CO2 Laser Technology
- CO2 Laser Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
- South Asia (India, ASEAN, Others)
- East Asia (China, Japan, South Korea)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with CO2 Laser market attractiveness as per segments. The report also maps the qualitative impact of various market factors on CO2 Laser market segments and geographies.
CO2 Laser: Market Segmentation
The overall CO2 Laser market can been segmented on the basis of application as:
- Therapeutic & Diagnostics
- LIDAR Imaging
- Cutting & Perforations
The overall CO2 Laser market can been segmented on the basis of output power as:
- Up to 50 W
- 50 W to 500 W
- 500 W to 1000 W
- Above 1000 W
The overall CO2 Laser market can been segmented on the basis of end use sector as:
- Military & Defence
- Metal Processing