“Fiber laser engraving is gaining fast acceptance in the industry. The increasing interest in this market also accounts for the versatility of laser engraving systems, which consequently opens up many new applications that fuel its growth across various laser verticals. Due to relatively low price points of entry-level systems, laser customers and entrepreneurs are beginning to realize the benefits of opting for laser processing systems based businesses, in order to increase their profitability.
In the past two to three years, several key developments in fiber laser technology have created many applications in the medical field. Currently, fiber lasers are being extensively employed for diagnostics and the treatment of a number of diseases. Fiber lasers now offer wide applications for non-invasive medical treatments such as hair removal, skin rejuvenation, photodynamic therapy, selective laser trabeculopasty, and low-level laser therapy. Sales of medical fiber laser systems are also being driven by the rapid growth in end-user applications such as hair removal, wrinkle removal, Benign Prostatic Hyperplasia (BPH), and vision correction.
The report also provides an extensive competitive landscaping of companies operating in this market. The main companies operating globally in this market are Coherent Inc. (U.S.), Trumpf Group (Germany), IPG Photonics Corporation (U.S.), Rofin-Sinar Technologies, Inc. (U.S.), and Newport Corporation (U.S.) among others.
Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
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