Laser Technology Market 2030: The Rise of Semiconductor Lasers
Laser Technology Market Growth & Trends The global laser technology market size is expected to reach USD 32.69 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2023 to 2030. The rapid improvements in medical infrastructure and an increase in cosmetic surgeries are expected to drive demand for laser technology over the forecast period. In addition, the growing demand for aesthetic laser procedures in developing countries such as China and India is expected to drive market growth. For instance, in November 2022, Apollo Hospitals Enterprise Ltd. Bengaluru launched India's first Moses 2.0, a cutting-edge laser technology that treats prostate enlargement and large kidney stones in high-risk patients in a bloodless and painless manner. The concept of industry 4.0 is greatly aided by laser technology. Organizations are experiencing increased output, enhanced efficiencies, lower cost advantages, improved q...