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Global Solid-State Laser Market to Decline at a CAGR of 1.3%
February 15, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Solid-State Laser Market 2016-2020"report to their offering.
The global solid-state laser market will witness an initial increase and then fall in revenue, and is likely to decline at a CAGR of (1.3)% during the period 2016-2020.
Global Solid-State Laser Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The market is going through increased consolidation, a trend expected to continue during the forecast period. Existing vendors and new entrants are entering into acquisitions to either enter the market or broaden their portfolio.
According to the report, the augmented usage of solid-state lasers in the healthcare industry is the key driver for the growth of this market. The augmented usage of such lasers in the field of dentistry by large and small-scale dentists across the globe is envisaged to result in market growth during the forecast period.
Further, the report states that the penetration of fiber lasers is significantly hampering the sales of solid-state lasers in the laser industry.
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