The Global Surgical Laser Market was valued at USD 882.5 million in 2017, and is projected to reach USD 1403.8 million by the end of 2025, growing at a CAGR of 6.1% during 2018-2025.
Figure 1: Global Surgical Laser Market Revenue, 2018–2025 (USD Million)
Source: GMI Research
The key factors bolstering the market growth are large patient pool including age-related eye diseases, dermatology, urology and other disease. In addition, the growing acceptance for minimally invasive treatment and rise in surgical procedures volume throughout the world are also expected to create a high demand for surgical laser market.
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Based on Procedure Type, Laparoscopic surgery segment are anticipated to lead the market during 2018-2025
Laparoscopic surgery segment is expected to dominate the market during the forecast period due to increase in laparoscopic surgical procedure volume. Moreover, procedural benefits of laparoscopic surgery such as shorten hospital stays, less blood loss during surgery and pain afterward are expected to spur the adoption of minimally invasive surgeries will further drive the growth of the market.
Although sizes of the ambulatory surgical centers segment is comparatively small, but it is growing rapidly due to improvement in healthcare infrastructure and high installation rate of the surgical laser in ambulatory surgical centers
Players, such as IPG Photonics Corporation, Alma Lasers Inc., Cynosure Inc., Biolitec AG, Lumenis Inc. are focusing on R&D activities to expand their product portfolio.
Figure 2: Global Surgical Laser Market Revenue, by Region, 2017
Source: GMI Research
Based on geography, North America held the largest share in the market in 2017 due to factors such as rising prevalence of chronic disease and high demand of aesthetics procedure. Europe has also registered a relatively low growth rate in global surgical laser market compare to North America. Asia-Pacific is projected to grow at fastest CAGR during 2018-2025 due to rise in volume of minimally invasive surgical procedure. In addition, growing trend of medical tourism in the developing economies due to improvement in healthcare infrastructure will further propel the growth of Market.
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Various notable players operating in the market include IPG Photonics Corporation, Alma Lasers Inc., Cynosure Inc., Biolitec AG, Lumenis Inc. Abbott laboratories, Boston Scientific Corporation, Spectranetics Corporation, AMT Engineering Co. Ltd, Bison medical Ltd among others.
The Global Surgical Laser Market has been segmented based on product, procedure, end user, and key geographies. Based on the product, global Surgical Laser market has been segmented into carbon dioxide (co2) lasers, argon lasers, yag lasers, diode lasers and other surgical lasers
Based on Procedure Type, the market has been segmented into open surgery, percutaneous surgery and laparoscopic surgery
Based on end user, the market has been segmented into hospital, ambulatory surgical centers and clinics
The research report “global Surgical Laser market” provides in-depth analysis of Surgical Laser market, globally, based on product, procedure, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers fuelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for Surgical Laser market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
1- At what pace is surgical laser market growing, globally? What will be the growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the surgical laser market?
4- What are the various application areas and how they are poised to grow?
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