The report "Surgical
Lasers Market by Product Type (Carbon Dioxide, Argon,
Nd:YAG & Diode Lasers), Procedure (Open, Laparoscopic & Percutaneous),
& Application (Ophthalmology, Urology, Gynaecology, Dermatology, Dental,
Cardiology, & Oncology) - Global forecast to 2021” The
surgical lasers market is expected to reach USD 2.37 Billion by 2021 from USD
1.85 Billion in 2016; growing at a CAGR of 5.1% during the forecast period.
Browse 75 market data tables and 55 figures
spread through 166 pages and in-depth TOC on “Surgical Lasers Market"
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The rising demand for surgical lasers can
be attributed to the growing prevalence of chronic diseases, technological
advancements, increasing incidence and prevalence of targeted diseases, and
high prevalence of ophthalmic disorders. In addition, growing preference for
minimally invasive surgeries among patients and healthcare professionals
is supporting the growth of the market.
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On the basis of type, the surgical lasers
market is categorized into five segments, namely, carbon dioxide (CO2) lasers,
argon lasers, Nd:YAG lasers, diode lasers, and other surgical lasers (fiber
lasers, dye lasers, Er:YAG lasers, and excimer lasers). The carbon dioxide
(CO2) lasers segment is growing at the highest CAGR in the market due to the
widespread availability of innovative CO2-based surgical lasers and ongoing
technological advancements in cosmetic laser treatment.
Based on procedure type, the market is
segmented into open surgery, laparoscopic surgery, and percutaneous surgery.
The laparoscopic surgery segment is expected to dominate the market. This
growth can be primarily attributed to the procedural benefits of laparoscopic
procedures and growing patient awareness and market demand for less-invasive
disease therapies.
By application, the market is
segmented into ophthalmology, dentistry, dermatology, cardiology, gynecology,
urology, oncology, and other applications (liposuction, ENT, and GIT). The
urology segment is expected to be the fastest-growing surgical laser
application segment. Growth in this application segment can be attributed to
the rising prevalence of urological disorders (such as kidney stones, renal
cancer, and prostate enlargement), growing patient preference for minimally
invasive urological surgeries, and ongoing technological advancements in
surgical laser products.
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North America is
expected to hold the largest share of the global surgical lasers market,
followed by Europe in 2016. However, the Asia-Pacific market is expected to
grow at the highest CAGR from 2016 to 2021. Factors driving market growth in
the Asia-Pacific region include the presence of a large patient population for
target diseases (coupled with rapidly growing geriatric population), rising
awareness among healthcare professionals related to the procedural benefits of
surgical laser products, and increasing government initiatives to reduce the
burden of ophthalmic disorders.
As of 2015, Lumenis
(Israel), Cynosure, Inc. (U.S.), Alma Lasers (Israel), IPG Photonics
Corporation (U.S.), Abbott Laboratories, Inc. (U.S.), Boston Scientific
Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria),
Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea) are some of
the key players operating in the surgical lasers market
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