Global laser ablation systems demand is anticipated to be valued at US$ 5.2 Billion in 2022, forecast to grow at a CAGR of 7.07% to be valued at US$ 10.3 Billion from 2022 to 2032. Growth is attributed to the demand for laser ablation systems from various end user industries.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 4.89 Billion |
| Expected Market Value (2022) | US$ 5.2 Billion |
| Anticipated Forecast Value (2032) | US$ 10.3 Billion |
| Projected Growth Rate (2022-2032) | 7.07% CAGR |
The laboratory and testing equipment market is growing at a high pace with increasing applications of these systems to achieve high accuracy and precision. One such system that is widely used is laser ablation system. The precision of the laser beam has increased the number of applications where it is used.
In laser ablation system, the laser is exposed to solid metals and other industrial compounds to remove layers and achieve high precision. The laser ablation system focuses a laser on the substrate to remove materials and the amount of material removed depends on the intensity, pulse length, and wavelength of the laser.
The laser ablation systems can determine the presence and level of concentration of any material on the surface by generating a bright plasma over the surface. The laser ablation systems can also be used for deposition of thin metallic and dielectric films, micromachining of the structure of MEMS, welding of metal parts and others. Such factors are driving the adoption of laser ablation systems in the market.
Vendors in the laser ablation systems market are focusing on collaborating with companies to develop advanced systems. CETAC Technologies and Photon Machines collaborated to design advance laser ablation technology that can help in elemental analysis.
The laser ablation systems are highly efficient, reliable and cost-effective. The laser ablation systems only work on specific parts that are to be reduced and do not have any side effects on other parts of the material. The laser ablation systems can also be used to deposit a film on a surface.
Such factors are driving the adoption of laser ablation systems in the market. The laser ablation systems find applications in the healthcare sector also. It is used to monitor tissue ablation in real-time. The high energy intensity of these systems enables users to ablate hard materials including calcite and quartz. Such factors are furthermore hampering the growth of laser ablation systems in the market.
The laser ablation systems require highly skilled labor to operate them. Also, the cost of the initial investment is high — these factors restrain the growth of laser ablation systems market. It is essential to use laser ablation systems precisely since the variance in intensity might remove the extra material. Also, these systems require high maintenance. Such complexities are furthermore hampering the adoption of laser ablation systems in the market.
North America is expected to be a large market for laser ablation systems as a majority of the laser ablation systems vendors such as IPG Photonics Corporation, Thermo Fisher Scientific Inc. and Applied Spectra, Inc. are based in the region.
This has led to an increase in sales of global laser ablation systems. the presence of several end user industries that require laser ablation systems is positively influencing the demand for the same. Thus, North America is expected to register a CAGR of more than 7% in the assessment period 2022-2032.
Increasing demand for the systems in medical and manufacturing industry driving the adoption of laser ablation systems in European countries, such as U.K., and Germany. The manufacturing industries present in Europe are contributing towards the growth of laser ablation systems.
The growing popularity of laser ablation systems is characterized by the high efficiency and low operating cost of the system. In addition, rising disposable income among people is likely to increase the scope of penetration of Laser Ablation Systems in Europe in the near future.
Examples of some of the key players operating in the Laser Ablation Systems market are Applied Spectra Inc., Medtronic plc. CETAC Technologies, Kenelec Scientific, Elemental Scientific Lasers, IPG Photonics Corporation, NARA Machinery, Thermo Fisher Scientific Inc., Coldwater Machine Company and Monteris among others.
| Report Attribute | Details |
| Growth Rate | CAGR of 7.07% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
FMI projects the global laser ablation systems market to expand at a 7.07% value CAGR by 2032
North America is expected to be the most opportunistic laser ablation systems market, expanding at a 7% CAGR
Applied Spectra Inc., Medtronic plc. CETAC Technologies, Kenelec Scientific, Elemental Scientific Lasers, IPG Photonics Corporation, NARA Machinery, Thermo Fisher Scientific Inc., Coldwater Machine Company and Monterisare some prominent laser ablation systems manufacturers
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Laser Ablation Systems Market
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