The global surgical laser market size is expected to reach USD 11.4 billion by 2027, expanding at a CAGR of 11.1%, according to a new report by Grand View Research, Inc. The increasing prevalence of chronic conditions such as Benign Prostatic Hyperplasia (BPH) combined with the efforts of several market players to develop laser technologies in order to improve surgical outcomes including reduced turnaround time and minimal hospital stay are the factors driving the market. According to the American Urological Association (AUA), the prevalence of BPH increases with age, with 8.0% in men aged between 31 - 40, to 45.0% in those aged 51 to 60 years and 80.0% in men above 80 years. Also, in August 2018, OmniGuide Holdings acquired Lisa Laser Products, a Germany-based company, which develops lasers for urological applications.
Increasing
provisions to address multiple applications through product development, in the
field of aesthetics as well as surgery is likely to expand the application in
multiple specialties. For instance, in September 2018, Syneron Candela acquired
Ellipse, a developer of laser platforms for medical and aesthetic dermatologic
applications, in order to strengthen its position in the market.
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Surgical Laser
Market Report Highlights
- North America accounted for
the largest share in 2019 owing to increasing preference for minimally
invasive surgical procedures and rising prevalence of chronic diseases in
the geriatric population
- By product, gas laser systems
are expected to register the highest CAGR during the forecast period
- By application, the
aesthetics segment is expected to register the highest market share owing
to the increasing availability of cost-effective devices and rising demand
for various cosmetic procedures such as resurfacing, rejuvenation, and
vascular lesions
- By end-use, the hospital
segment accounted for the largest market share as these medical settings
incorporate innovative systems for enhancing patient outcomes
- Market players are adopting
several strategies such as strategic acquisitions to cater to the
increasing patient demand and gain a significant share in the global
market.
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Surgical Laser
Market Segmentation
Grand View Research has segmented
the global surgical laser market based on product, application, end-use, and
region:
Surgical Lasers
Product Outlook (Revenue, USD Million, 2016 - 2027)
- Solid-state Laser Systems
- Erbium Yttrium Aluminum
Garnet (Er: YAG)
- Neodymium Yttrium Aluminum
Garnet (Nd: YAG)
- Holmium Yttrium Aluminum
Garnet (Ho: YAG)
- Ruby Laser Systems
- Others
- Gas Laser Systems
- CO2
- Excimer
- Helium Neon
- Diode Laser Systems
- Others
Surgical Lasers
Application Outlook (Revenue, USD Million, 2016 - 2027)
- Surgical
- Aesthetic
- Dentistry
- Ophthalmic
Surgical Lasers
End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
Surgical Lasers
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
List of Key Players
of Surgical Laser Market
- Cynosure, Inc.
- Lumenis Ltd.
- Candela Corporation
- Cutera, Inc.
- Lutronic Corporation
- El.En Group
- Fotonad.o.o
- Alcon
- Biolase
- Asclepion Laser Technologies
GmbH
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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