Surgical Lasers Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast 2028

Surgical lasers are medical devices that are used to treat or remove tissues with specifically focused light sources. A light beam is used to cure the bleeding blood vessels or to remove the diseased tissues. Moreover, to treat tissues or shrink tumors, laser beams are focused on the cell to heat them until they burst. They are available in different types such as argon, diode, neodymium: yttrium-aluminum-garnet, and carbon dioxide. However, each one of them has a specific color and use. The color of the light beam is related to the color of the tissue that is being treated and type of surgery that is being performed. Besides, in almost every surgical procedure lasers can be used. However, to remove, vaporize, and cut tissue, various laser delivery systems and laser wavelengths are used by general surgeons.

SURGICAL LASERS MARKET OUTLOOK

The growth of surgical lasers market is driven by some major factors such as growing incidence of targeted diseases and technological advancement in surgical lasers. Additionally, increasing demand for minimally invasive surgeries has fuelled the market growth. Moreover, drastic shift towards medical imaging procedures is also the key driver responsible in the growth of the market. Furthermore, developing regions are estimated to present immense growth opportunities. As a result of which, companies in the surgical lasers market are anticipated to shift their focus towards developing countries. However, change of skin color, incomplete treatment of the disease and formation of scars are certain risk factors restraining the growth of this market. Additionally, high cost of the surgery, limited medical reimbursement policies and stringent government regulations are also the factors hampering the growth of the surgical laser market.

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SURGICAL LASERS MARKET SEGMENTAL OVERVIEW

The surgical lasers market is segmented by type, procedure, application, end user and geography.

SURGICAL LASERS MARKET BY TYPE

Based on type, the surgical lasers markets in segmented into carbon dioxide (CO2) lasers, argon lasers, Nd:YAG (Neodymium:Yttrium-Aluminum-Garnet) lasers and diode lasers. The carbon dioxide (CO2) lasers segment dominated the surgical lasers market in 2018, owing to constant technological advancements and widespread availability of innovative CO2-based surgical lasers in cosmetic laser treatment. Moreover, the diode lasers and argon lasers segment is anticipated to grow at a fastest CAGR during the forecast period 2019 to 2025.

SURGICAL LASERS MARKET BY PROCEDURE

On the basis of procedure, the surgical laser market is segmented into open surgery, laparoscopic surgery and percutaneous surgery. Among these, the laparoscopic surgery segment accounted for largest share in the surgical lasers market in 2018, due to the growing awareness among patient, procedural benefits of this surgery and demand for less-invasive disease therapies.

SURGICAL LASERS MARKET BY APPLICATION

Based on application, the surgical laser market is segmented into ophthalmology, dermatology, dentistry, urology, cardiology, gynaecology and oncology. Owing to the increasing awareness of medical technology and execution of reimbursement policies, the dermatology segment dominated the market in 2018. Whereas, the urology segment expected to be the fastest growing segment during the forecast period, due to increasing occurrence of urological disorders such as renal cancer, kidney stones and prostate enlargement.

SURGICAL LASERS MARKET BY END USER

By end user, the market is segmented into hospitals and clinics. The hospitals segment dominated the market in 2018. Growth in this segment can be attributed to rise in the surgeries such as open surgery and laparoscopic surgery. Furthermore, increase in the usage of cosmetic procedures and ophthalmology application are some of the key factors in the growth of hospitals segment in the surgical lasers market.

SURGICAL LASERS MARKET BY GEOGRAPHY

Based on geography, the surgical lasers market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America dominated the surgical market in 2018, due to rise in the use of the advanced surgical techniques by the healthcare specialists and increasing occurrence of chronic diseases. However, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period, due to rising awareness among healthcare specialists and presence of a large patient population for target diseases.

SURGICAL LASERS MARKET KEY PLAYERS

Some of the major players operating in the surgical lasers market are Lumenis Ltd., Hologic Inc., Boston Scientific Corporation, Abbott, IPG Photonics Corporation, Alma Lasers, Fotona doo, Koninklijke Philips N.V., Cutera, BISON MEDICAL, Stryker, BioMedical Technology, Nidek Co., Ltd., Eleme Medical, CryoLife, Inc., Ellex, Danaher, Carl Zeiss, Valeant and Quanta System S.p.A. The majority of companies are aiming towards product launches and mergers acquisitions to enhance their visibility in the high competitive arena of the surgical lasers market. For example, in April 2017, Lumenis Ltd. launched PiQo4, an advanced laser technology for tattoo removal, skin pigmentation treatment and discoloration treatment.

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