North America to Dominate the Global Surgical Lasers Market till 2026 | TechSci Research
Increase of medical tourism and favourable reimbursement policies is expected to drive the demand for global surgical lasers market in the forecast period.
Surgical lasers lower the risk of damaging tissues adjacent to target tissue compared to its other counterpart required for performing surgery. Healing time is less in surgeries using surgical lasers and causes less discomfort to patients. Growing prevalence of urology disorders such as occurrence of kidney stones, renal cancer, and prostate enlargement coupled with patient preference for minimally invasive surgeries is contributing to high demand for surgical lasers. Surgical lasers leave no scars and stitches are rarely required in surgeries. Post-operative discomfort is for less amount of time and leaves numb feeling in patient after performing operations. Factors such as consumption of junk food and unhealth food and high stress levels is boosting the demand for surgical lasers world-wide.
Rise in disposable income among the middle-class families is aiding in increasing the healthcare expenditure of consumers. Increase in medical laser use in diverse end-user sectors such as healthcare, defense, manufacturing operations is a significant factor for the growth of the market. Increasing adoption of dental laser in dental surgeries due to its surgical benefits and initiatives taken by market players to raise the awareness of using lasers in such surgeries is fostering the demand for surgical lasers. Reduction in preference of patients to stay in hospital after performing the surgeries is leading to increased efforts taken by key players to develop more advanced surgical lasers for high performance and increased efficiency.
However, high cost of laser surgeries and strict regulations for approval of surgical lasers may create hindrance in the global surgical lasers market growth.
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Global surgical lasers market is segmented into type, procedure type, application, end user, regional distribution, and company. Based on type, market is further divided into carbon-dioxide lasers, argon lasers, diode lasers and others. Carbon-dioxide lasers segment is expected to account for major market share for the forecast period, 2022-2026. Technology upgradation of cosmetic surgeries is a major driver for the growth of the carbon-dioxide segment market growth. Also, availability of carbon -dioxide based lasers is expected to fuel the segment growth across the world. Based on procedure type, market is fragmented into open surgery, laparoscopic surgery, and percutaneous surgery.
The laparoscopic surgery segment is expected to dominate the market in the predicted period owing to awareness in patients regarding its procedural benefits. Surge in market demand for less-invasive therapies is expected to foster the demand for this segment. On application segment analysis, it is sub-segmented into ophthalmology, dentistry, dermatology, cardiology, gynaecology, and others. The others segment consisting of urology segment is expected to dominate the market due to rising awareness among patients and the associated benefits of using surgical lasers.
Boston Scientific Corporation, Alcon, Inc., Johnson & Johnson, Cynosure, Inc., Lumenis Ltd., Candela Corporation, Cutera, Inc., Lutronic Corporation, El. En Group, Biolase, Inc., IPG Photonics Corporation, Alma Lasers Ltd., Koninklijke Philips N.V., Bauch Health Companies, Inc., Carl Zeiss AG are the leading players operating in global surgical lasers market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several surgical lasers manufacturers are coming up with their technologically advanced offerings.
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“Technology upgradation of surgical lasers such as 3D building of organs for successful surgeries and adoption of surgical lasers by healthcare industry is increasing on a large-scale. High beauty standards and rise in consumer awareness about advanced cosmetic procedures is a significant factor for the growth of the surgical lasers for the next five years. Surge in cosmetic surgeries using laser technology for obtaining better results is expected to propel the growth of the market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Surgical Lasers Market By Type (Carbon-Dioxide Lasers, Argon Lasers, Diode Lasers, Others) By Procedure Type (Open Surgery, Laparoscopic Surgery, Percutaneous Surgery) By Application (Ophthalmology, Dentistry, Dermatology, Cardiology, Gynecology, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global surgical lasers market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global surgical lasers market.
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