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How has the argon lasers market grown over the years?

Recent years have seen a substantial increase in the size of the argon lasers market. Projected growth is from $2.32 billion in 2024 to $2.54 billion in 2025, representing a compound annual growth rate (CAGR) of 9.4%. The prior growth phase can be ascribed to several factors: growing interest in minimally invasive surgeries, increased use in dermatology and ophthalmology applications, a surge in chronic disease prevalence, technological advancements in laser technology, as well as an increased acceptance of laser-based scientific equipment.

What Is the forecasted market size and growth rate for the argon lasers market?

Expectations are high for a robust expansion in the argon lasers market size in the coming years. The market is set to soar to $3.6 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. The significant growth projected for the forecast period stems from factors such as the rising uptake of laser therapies in developing markets, the burgeoning demand for accuracy in medicine, the wide-ranging use of lasers in cosmetic and aesthetic procedures, the burgeoning field of tailored healthcare solutions, and ongoing photonics-based innovations. The forecast period also brings with it several trends, such as less invasive surgical techniques, forward strides in laser wavelength adaptability, leaps in the development of portable and energy-saving laser technologies, diversification into the veterinary sector, and a greater emphasis on environmentally friendly laser technologies.

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What are the major factors driving growth in the argon lasers market?

The argon laser market is expected to flourish due to the rising prevalence of skin disorders. These disorders, characterized by symptoms such as irritation, inflammation, and change in appearance, stem from various factors such as higher pollution levels, lifestyle changes, and heightened exposure to harmful substances. Argon lasers prove efficient in treating these disorders as they target specific wavelengths to effectively remove or fix damaged skin tissues and minimize pigmentation or vascular lesions. For example, the American Cancer Society predicts a climb in skin cancer cases to 108,270 in January 2024, a 3.2% rise from the 104,930 cases reported in 2023. This data from the US-based nonprofit organization suggests that the rising incidence of skin disorders may contribute to the growth of the argon laser market.

What key areas define the segmentation of the global argon lasers Market?

The argon lasers market covered in this report is segmented –

1) By Type: Argon Ion Laser, Argon Excimer Laser

2) By Revenue: Laser Revenue, System Revenue

3) By Application: Medical Equipment, Spectral Analysis, Industrial Processing, Information Processing, Other Applications

Subsegments:

1) By Argon Ion Laser: Continuous Wave (CW) Argon Ion Lasers, Pulsed Argon Ion Lasers, Multi-Line Argon Ion Lasers, Single-Line Argon Ion Lasers, Medical Argon Ion Lasers, Industrial Argon Ion Lasers

2) By Argon Excimer Laser: Gas-Discharge Excimer Lasers, Solid-State Excimer Lasers, UV Argon Excimer Lasers, Pulsed Argon Excimer Lasers, High-Power Argon Excimer Lasers, Medical Argon Excimer Lasers

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What are the top market players propelling the growth of the argon lasers industry?

Major companies operating in the argon lasers market are Newport Corporation, Coherent Inc., Lumentum Holdings Inc., Hamamatsu Photonics K.K., Thorlabs Inc., Edmund Optics, Lumibird, TOPTICA Photonics AG, MPB Communications Inc., B&W Tek, LASOS Lasertechnik GmbH, Radiation Protection and Measurement Corporation (RPMC) Lasers Inc., EKSMA Optics, Laser Components GmbH, CrystaLaser, National Laser Company, Light Age Inc., PhotonTec Berlin GmbH, Oxxius SA, Olympus Life Science, Modu-Laser, Laserglow Technologies

What are the key trends shaping the future of the argon lasers market?

Key players in the argon laser market are getting ahead by introducing advanced products, like IoT-connected argon laser chambers, to meet the rising demand for superior performance across various sectors. These IoT-connected argon laser chambers provides real-time tracking and regulation features to ensure exact, streamlined, and remotely controllable production processes. For example, the BFW Group, a manufacturing company based in India, unveiled the PHOTON 4000G in April 2022. This is the metal additive manufacturing industry’s largest and quickest laser-directed energy-energy-deposition (L-DED) machine. This innovative system boasts a hermetically sealed Argon Chamber of 36 cubic meters, a build envelope of 10.4 cubic meters, and dual-deposition heads for powder and wire. It also presents a first in the industry – a 6KW fiber laser with a beam splitter, and it also includes sophisticated characteristics such as real-time process tracking, 5-axis control, and IoT-connected smart technology.

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What regions are dominating the argon lasers market growth?

North America was the largest region in the argon lasers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the argon lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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