A research study titled, “Surgical
Lasers Market by Product Type, Procedure, and Application - Global Industry
Analysis and Forecast To 2025” published by Crystal Market Research, states
that the surgical lasers market is projected to be around $3 billion by 2025.
Laser
surgeries are type of surgeries that are performed by using laser beam to make
bloodless cuts in tissue or to remove different types of lesions such as skin
lesions (Macule and Vesicle). Laser beams are strong beam of light produced by
using either solid, liquid or gas materials. The laser beam is used to treat
tissues by heating the cells until they burst; thereby destroying damaged and
affected cells. On the basis of application or surgery and color of the tissue,
different laser beams are used namely carbon dioxide lasers, Nd: YAG laser and
pulse dye laser. Lasers are used to perform number of surgical procedures
including breast surgery, hernia repair and treatment of pilonidal cyst. Lasers
are increasingly used in large number of complex treatments with minimal blood
loss, decreased patient comfort, decreased chances of infection and reduce
extent of surgery. Moreover laser beams have high ability to penetrate tissue
by adjusting wavelength of light which makes them capable of use in range of
medical problems.
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Lasers are
either used alone or with regular surgical instruments for restoring normal
functioning of tissues and cells. These lasers are increasingly used in
surgical procedures with increase in demand for minimal invasive surgical procedures.
Lasers are frequently used in lithotripsy, ophthalmology, and oncology,
cosmetic and dermatological procedures. The unique ability of lasers to target
specific cells and tissues made them a powerful tool in large number of
aesthetic procedures. The specific wavelengths of laser beam induce soft tissue
actions by penetrating in tissues to treat damaged skin without affecting
surrounding undamaged skin. Aesthetic lasers technologies have changed the
traditional methods available to dermatologist for getting rid of unwanted
hairs, minimizing body scars, pores and acnes. Although lasers are single
wavelength of light, they are capable of inducing strong improvements and
changes in skin with relatively low time and complications.
High
prevalence of chronic diseases, increasing geriatric population coupled with
rise in ophthalmic disorders and rise in demand for minimal invasive surgeries
is expected to propel growth of the market. According to World Health
Organization in 2010, around 524 million people were aged 65 and above and this
number is expected to triple and reach 1.5 billion by 2050. Between 2010 and
2050, the aging population in developing countries is expected to increase with
more than 250% as compared to 71% increase in developed countries. Such high
prevalence of elderly population will increase demand for surgical lasers.
Furthermore, rapid technological advancements in the field of laser surgeries
will fuel growth of the market in coming years. However, high cost of laser
surgeries and limited reimbursement policies are expected to hamper growth of
the surgical lasers market.
The CO2
laser market is expected to be the fastest-growing segment during the forecast
period. This market is projected to grow at a significant CAGR from 2017 to
2025 due to the development of advanced cosmetic lasers. On the basis of
procedure type, the laparoscopic surgery market accounted for the largest share
of the global surgical lasers market in 2016 due to rise in demand for minimal
invasive surgeries and advantages of laparoscopic procedures.
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On the
basis of applications, the urology market is poised to grow at a significant
CAGR during the forecast period. This high growth rate is primarily due to a
number of factors such as rise in demand for minimally invasive urological
procedures, growing prevalence of urological disorders (such as kidney stone
and renal cancer), and technological advancements.
U.S.
dominated the North American surgical
lasers market in 2016 which can be attributed to the availability of large
number of cosmetic laser system manufacturers, favorable reimbursement policies
for laser assisted surgeries, and high adoption of technologically advanced
products. Moreover, the ongoing clinical trials for the development of
innovative surgical technologies will further contribute to the market growth.
Some of
the key players in this market are Lumenis, Spectranetics Corporation, Inc.,
Alma Lasers, Cynosure Inc., IPG Photonics Corporation, Biolitec AG,
Fotonad.o.o., BISON MEDICAL, Abbott Laboratories Inc., Boston Scientific
Corporation, Gebrüder Martin GmbH & Co. KG, LightScalpel, LLC, JenaSurgical
GmbH, Surgical Lasers Inc., and IRIDEX Corporation.
Key Findings of the Research
Study:
·
CO2
laser segment is projected to be the fastest-growing segment during the
forecast period as these are easily available in the market.
·
Urology
segment will bring in new growth opportunities in the market due to rising
number of urological disorders and growing demand for non-invasive procedures
for the treatment of these conditions.
·
North
America dominated the global surgical lasers market in 2016 primarily due to
availability of reimbursement for laser assisted surgeries.
·
Asia-Pacific
surgical lasers market is
expected to exhibit lucrative growth during the forecast period owing to
increasing demand for advanced healthcare services with rising disposable
income of the people.
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Surgical Lasers Market
Segmentation:
By Product Type:
- Nd:YAG Lasers
- Diode Lasers
- CO2 Lasers
- Argon Lasers
- Other Surgical Lasers
By
Procedure:
- Open Surgery
- Laparoscopic Surgery
- Percutaneous Surgery
By
Application:
- Oncology
- Dentistry
- Cardiology
- Dermatology
- Ophthalmology
- Urology
- Gynecology
- Other Applications
By
End User:
- Hospitals
- Clinics
- Ambulatory Surgery Centers (ASCs)
By
Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest
of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South
Korea
o Rest
of Asia Pacific
- Rest of the World
o Brazil
o South
Africa
o Saudi
Arabia
o United
Arab Emirates
o Others
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About Crystal Market Research
Crystal
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company. Crystal offers one stop solution for market research, business
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decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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