The demand for medical laser market is likely to grow substantially owing to burgeoning preference for non-invasive or minimally invasive medical procedures.
The demand for medical laser market is likely to grow substantially owing to burgeoning preference for non-invasive or minimally invasive medical procedures. Inclination towards aesthetic appearance has given rise to various types of surgeries such as cosmetic surgery, which may broaden the prospects for medical laser procedures.
Laser treatments has become a reliable alternative for surgery that offers secured and improved patient care and minimizes the risk of getting severe scars. Moreover, the use of medical laser technology in areas like dentistry, ophthalmology, urology, and cardiology would foster industrial growth.
LASIK surgery is one of the most preferred eye surgeries that utilize medical lasers to perform operations. Patients prefer LASIK because it offers several benefits such as faster recovery and reduced pain. Meanwhile, for treating kidney stone, medical lasers like the Olympus Soltive Laser System comes as a prominent option for the urology departments as these systems simplifies the treatment procedure by breaking up the stones into smaller fragments, making its extraction a lot easier.
According to a study conducted by Global Market Insights Inc, the medical laser market might touch USD 10 billion by the year 2025. This growth can be contributed to some of the ongoing trends listed below:
Proliferating demand across the urology sector -
Technological advancements in the field of medical laser have improved the treatment procedure of lithotripsy and benign prostatic hyperplasia (BPH). These systems can offer better efficiency, speed, and accuracy, which could fuel business expansion. Estimates suggest that the urology segment could record over 16% CAGR during the projected timeframe.
Soaring cases of benign prostate hyperplasia, bladder tumors, kidney stones and various other urological diseases will propel the requirement for medical laser treatment for complex and routine urological conditions.
Promising opportunities across APAC -
Countries like South Korea, India and Malaysia are well known for offering high-quality treatments at reduced costs. This has encouraged several patients to undergo surgical procedures in Asian hospitals, thereby contributing to increased medical tourism in the Asia Pacific region. Forecasters claim that the regional medical laser market might touch USD 2 billion by 2025.
To access sample pages of this report titled, “Medical Laser Market Size By Product (Solid State Laser Systems, Gas Laser Systems, Dye Laser Systems, Diode Laser Systems) By Application (Ophthalmology, Dermatology, Gynecology, Dentistry, Urology, Cardiology, Gastroenterology), By End-use (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/4417
The local population is also becoming more aware about the easy accessibility to advanced treatments and products. Besides, APAC is observing a towering growth in the number of government initiatives which has raised the average healthcare expenditure of citizens, further augmenting medical laser market share in the region.
Adoption of modern business strategies -
Prominent medical laser market players like Bausch & Lomb, American Medical Systems, Fotona, Alcon, Lumenis, Koninklijke Philips, Sisram and Cynosure are implementing several inorganic strategies such as acquisitions, partnerships, and mergers to deepen their market penetration. Companies are focusing on developing innovative solutions which can give them a competitive edge over rivals.
Taking December 2020 for instance, Marposs released its Aeroel Extuline laser measuring platform for flaw detection and diameter control of transparent or opaque extruded products. It is developed to complement products like glass pipes, medical tubing, electric cables and sections.
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