Scope of the Study
Surgical laser incorporates products that are used in laser surgeries to destroy or cut abnormal or diseased tissues, destroy or shrink lesions and tumors, seal lymph vessels, remove moles and tattoos, and close off blood vessels and nerve endings among various other uses. Surgical products are available in different types such as argon, diode, neodymium yttrium-aluminum-garnet, and carbon dioxide. Increasing awareness among healthcare professionals regarding the procedural benefits of surgical laser equipment and growing geriatric population are few factors driving the growth of the surgical laser market.
The market study is being classified by Type (Carbon Dioxide (CO2) Lasers, Argon Lasers, Diode Lasers, ND:Yag (Neodymium:Yttrium-Aluminum-Garnet) Lasers and Other Surgical Lasers), by Application (Ophthalmology, Urology, Gynaecology, Diagnostic Centers and Dental) and major geographies with country level break-up. According to AMA, the Global Surgical Lasers market is expected to see growth rate of 6.45%
Lumenis (Israel), Cynosure, Inc. (United States), Alma Lasers (Israel), Abbott Laboratories, Inc. (United States), Boston Scientific Corporation (United States), IPG Photonics Corporation (United States), Spectranetics Corporation (United States), Biolitec AG (Austria), Fotona D.o.o. (Slovenia) and Bison Medical Co., Ltd. (South Korea) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Spectranetics Corporation (United States), Sunny Optoelectronic Technology (China), Medelux Co., Ltd (Netherlands) and Merz Aesthetics (United States).
The market is highly competitive with the presence of several vendors including niche vendors globally. There is intense competition with the presence of well-established and diversified international and local vendors. Furthermore, the intense competition in this market is expected to increase with an increase in product extensions and mergers and acquisitions. Moreover, Rapid advancements in surgical lasers are opening new avenues for market players. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Surgical Lasers market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Surgical Lasers market by Type, Application and Region.
On the basis of geography, the market of Surgical Lasers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End users, the sub-segment i.e. Hospitals will boost the Surgical Lasers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Procedure, the sub-segment i.e. Open Surgery will boost the Surgical Lasers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Prevalence of Minimally Invasive Surgeries
- Increasing Prevalence of Targeted and Chronic Diseases
- Rising Adoption of Surgical Lasers to Treat Ophthalmic Disorders
- Increasing Frequency of Cosmetic Surgery
- Rapid Economic Development in Emerging Economies Resulting in Improvement in Living Standards
- Safety Concerns Related to Use of Surgical Lasers
- Booming Medical Tourism Sector
- Rising Expenditure on Healthcare & Improving Medical Practices
- Introduction of Surgical Laser in the field of Veterinary Care
- High Cost of Laser Surgeries Coupled with Shortage of Medical Reimbursement Policies
Market Leaders and their expansionary development strategies
August 2018, OmniGuide Holdings, Inc., a leader in patient-safety focused advanced surgical energy tools, announced a definitive agreement to acquire Lisa Laser Products OGH, a surgical laser company based in Germany. and This acquisition will help in combining Thulium and Holmium laser technologies with OmniGuide’s market leading CO2 lasers and enhanced-safety flexible fibers
December 2018, Hologic, Inc.’s Cynosure division announced the North American launch of the FDA-cleared TempSure Surgical RF technology, a new offering of the TempSure radiofrequency (RF) platform that provides clinicians the ability to perform both surgical and non-surgical aesthetic procedures across a variety of specialties, on a single device.
Key Target AudienceSurgical Laser Product Manufacturing Companies, Product Suppliers and Distributors, Healthcare Service Providers, Research Laboratories and Academic Institutes, Clinical Research Organizations, Government Regulatory Authorities, Independent Authorities and Non-Government Organizations, Market Research and Consulting Firms and Venture Capitalists
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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