China Laser Processing Equipment Market Research Report 2016-2018 August 2016 | Page 4
China Laser Processing Equipment Industry Research Report, 2016-2018
The explosive medical cosmetology and dermatologic therapy markets has promoted the growth of
domestic laser medical equipment manufacturers. The net income of Miracle Laser, the first medical
laser public company in China, increased 21.8% in the first half of 2016. The total medical laser
market increased 18% in 2015 on YoY basis.
China, as the third largest laser market, ranks only after the EU and USA. Some homemade medium
and low power level fiber laser has equipped with the ability to compete with foreign leading brands
in quality and performance parameter. On the other hand, core laser components still rely on import,
high-end market remains occupied by foreign manufacturers. In 2015, the total amount of China’s
imported laser components reached USD 1128 million.
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