Market Insights - Industry Research Report

Surgical Lasers Market

Surgical Lasers Market Analysis by Type (CO2 Lasers, Argon Lasers, Nd: YAG Lasers, Diode Lasers), by Procedure Type (Open Surgery, Laparoscopic Surgery, Percutaneous Surgery), by Application (Ophthalmology, Dentistry, Dermatology, Cardiology, Gynecology, Urology, Oncology) and Region – Global and Regional Industry Overview, Size, Share, Growth, Premium Insights, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

The Surgical Lasers Market Was Valued at USD 6.75 Billion In 2022 and is Expected to Reach USD 15.22 Billion by 2030, Registering a CAGR of 10.7% During the Forecast Period of 2023-2030.

Surgical Lasers Market Overview:

The global surgical lasers market is a rapidly growing segment of the healthcare industry. Surgical lasers are medical devices that emit focused light to cut, cauterize, or vaporize tissues during surgical procedures. The technology offers precision and minimally invasive surgical options with reduced bleeding, swelling, and scarring for patients. The increasing demand for minimally invasive surgical procedures and the rising prevalence of chronic diseases are driving the growth of the surgical laser market.

Market Dynamics:

The major factors driving the growth of the Surgical Lasers market include increasing demand for minimally invasive surgical procedures, technological advancements, rising prevalence of chronic diseases, and growing awareness about the benefits of surgical lasers. Additionally, the increasing healthcare expenditure and rising adoption of surgical lasers in developing countries are expected to drive market growth.

However, the high cost of surgical lasers, lack of skilled professionals, and stringent regulatory requirements are some of the factors that are expected to restrain the market growth.

Growth Factors:

The market is expected to witness significant growth due to factors such as increasing demand for minimally invasive surgical procedures, technological advancements, rising prevalence of chronic diseases, and growing awareness about the benefits of surgical lasers. Additionally, the increasing healthcare expenditure and rising adoption of surgical lasers in developing countries are expected to drive market growth.

Restraints:

The high cost of surgical lasers, lack of skilled professionals, and stringent regulatory requirements are expected to restrain the market growth.

Opportunities:

The market offers significant growth opportunities for market players due to the increasing demand for surgical lasers in emerging economies and the rising adoption of surgical lasers in various applications.

Challenges:

The major challenges faced by the market include the lack of skilled professionals and the high cost of surgical lasers.

COVID-19 Impact:

The COVID-19 pandemic has impacted the surgical laser market, with disruptions in supply chains and delays in elective surgeries. However, the demand for minimally invasive surgical procedures is expected to increase due to the need for reducing patient hospital stays and the risk of infection. The market is expected to recover gradually as the pandemic subsides.

Competitive Landscape and Surgical Lasers Market Share Analysis:

The surgical lasers market competitive landscape delivers details of competitors. Details contained are company overview, company financials, revenue generated, investment in research and development, market potential, new market initiatives, production sites and facilities, global presence, company strengths and weaknesses, product launch, production capacities, product width and breadth, and application dominance. The above data points provided are only related to the companies’ focus related to the surgical lasers market.

Some of the major players operating in the surgical lasers market are:

  1. Lumenis (Israel)
  2. Cynosure, Inc. (U.S.)
  3. Alma Lasers (Israel)
  4. Abbott Laboratories, Inc., (U.S.)
  5. Boston Scientific Corporation (U.S.)
  6. IPG Photonics Corporation (U.S.)
  7. Spectranetics Corporation (U.S.)
  8. Biolitec AG (Austria)
  9. Fotona d.o.o. (Slovenia)
  10. BISON MEDICAL Co., Ltd. (South Korea)

Scope of the Surgical Lasers Market Report

This research report classifies the surgical lasers market into the following segments:

Global Surgical Lasers Market, by Type Outlook (Revenue, USD Million, 2017 – 2030)

  1. CO2 Lasers
  2. Argon Lasers
  3. Nd: YAG Lasers
  4. Diode Lasers
  5. Other Surgical Lasers

Global Surgical Lasers Market, by Procedure Type Outlook (Revenue, USD Million, 2017 – 2030)

  1. Open Surgery
  2. Laparoscopic Surgery
  3. Percutaneous Surgery

Global Surgical Lasers Market, by Application Outlook (Revenue, USD Million, 2017 – 2030)

  1. Ophthalmology
  2. Dentistry
  3. Dermatology
  4. Cardiology
  5. Gynecology
  6. Urology
  7. Oncology
  8. Other Applications

Global Surgical Lasers Market, by Region Outlook (Revenue, USD Million, 2017 – 2030)

  1. North America
    • The U.S.
    • Canada
  2. Europe
    • Germany
    • The U.K.
    • France
    • RoE
  3. Asia-Pacific
    • Japan
    • China
    • India
    • RoAPAC
  4. Rest of the World

Insights:

The market is expected to witness significant growth due to increasing demand for minimally invasive surgical procedures, technological advancements, the rising prevalence of chronic diseases, and growing awareness about the benefits of surgical lasers. The market is dominated by the CO2 lasers segment, owing to its wide range of applications and high precision. The ophthalmology segment is expected to witness significant growth due to the increasing prevalence of eye diseases. The hospital segment dominates the end-user segment, owing to the availability of advanced facilities and skilled professionals. The North American region dominates the market, owing to the presence of advanced healthcare infrastructure and the increasing adoption of surgical lasers. The Asia-Pacific region is expected to witness significant growth due to the increasing demand for minimally invasive surgical procedures and rising healthcare expenditure in developing countries.

Surgical Lasers Market Report Scope
Report Attribute Details
Market Size Value in 2022 USD 6.75 billion
Revenue Forecast in 2030 USD 15.22 billion
Growth Rate CAGR of 10.7 % from 2023 to 2030
Base Year for Estimation 2022
Historical Data 2017 – 2022
Forecast Years 2023 – 2030
Quantitative Units Revenue in USD million and CAGR from 2023 to 2030
Report Coverage Revenue forecast, company ranking, Trends
competitive landscape, and growth factors
Segments Covered Type, Procedure Type, Application, and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others
Key Companies Profiled Lumenis (Israel), Cynosure, Inc. (U.S.), Alma Lasers (Israel), Abbott Laboratories, Inc., (U.S.), Boston Scientific Corporation (U.S.), IPG Photonics Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria), Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea)

Frequently Asked Questions

The global Surgical Lasers market size was estimated at USD 6.75 billion in 2022 and is expected to reach USD 15.22 million in 2030.
The global Surgical Lasers market is expected to grow at a compound annual growth rate of 10.7% from 2023 to 2030 to reach USD 15.22 billion by 2030.
Lumenis (Israel), Cynosure, Inc. (U.S.), Alma Lasers (Israel), Abbott Laboratories, Inc., (U.S.), Boston Scientific Corporation (U.S.), IPG Photonics Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria), Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea)

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