by Surgical Lasers Market, by Product (Diode Laser, Dye Laser, Gas Laser, and Solid State Laser), by Application (Cardiology, Dermatology, Dentistry, Gynecology, Ophthalmology, Oncology, Urology, and Others), by Surgery Type (Laparoscopic Surgery, Percutaneous Surgery, and Open Surgery), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026.
Market Overview:
Surgical lasers are medical devices that utilize laser technology for performing various surgical procedures. A laser, which stands for “Light Amplification by Stimulated Emission of Radiation,” produces an intense, narrow beam of light that can be precisely focused on tissues, enabling surgeons to cut, ablate, or coagulate targeted areas with high precision.
Surgical lasers work based on the principle of selective photothermolysis, where specific wavelengths of laser light are absorbed by targeted tissues, leading to localized heating or vaporization. The type of laser used depends on the specific surgical application and the properties of the target tissue.
Competitive Landscape:
Major players operating in the Global Surgical Lasers Market include Spectranetics Corporation, IPG Photonics Corporation, Lumenis, Fotona d.o.o., Cynosure, Inc., Boston Scientific Corporation, BISON MEDICAL Co. Ltd., Biolitec AG, Abbott Laboratories, Inc., and Alma Lasers.
Key Market Drivers:
The continuous advancements in laser technology have led to the development of more efficient and versatile surgical lasers. Integration of robotics and artificial intelligence (AI) in surgical procedures has further enhanced the precision and safety of surgical lasers. This is expected to augment the growth of the global surgical lasers market.
The rising incidence of chronic diseases, such as cardiovascular diseases, cancer, and ophthalmic disorders, has increased the demand for surgical interventions. Surgical lasers offer minimally invasive options for treating these conditions, leading to their increased adoption. For instance, according to the National Institutes of Health (NIH), around 310 million major surgeries are done annually in the world.
The global aging population is increasing, resulting in a higher demand for surgical procedures. Surgical lasers provide a safer and less traumatic alternative to traditional surgical methods for elderly patients. This is estimated to enhance the growth of the global surgical lasers market.
Governments and healthcare organizations in several countries have implemented favorable reimbursement policies for surgical laser procedures. This encourages healthcare providers to adopt surgical lasers, driving the market growth.
Covid-19 Impact Analysis:
During the early stages of the COVID-19 pandemic, elective surgeries were postponed or canceled to prioritize resources for COVID-19 patients. This led to a decline in surgical laser procedures and negatively impacted the growth of the global Surgical Lasers Market.
Key Takeaways:
- North America is expected to dominate the growth of the global surgical lasers market, owing to the presence of advanced healthcare infrastructure, high healthcare expenditure, and favorable reimbursement policies. The United States is the major contributor to the regional market. For instance, according to the National Institutes of Health (NIH), around 50 million major surgeries are performed every year in the United States.
- The Asia Pacific is estimated to witness high growth in the global surgical lasers market, owing to the increasing healthcare expenditure, growing geriatric population, and rising demand for minimally invasive surgical procedures. Countries like China and India are major contributors to the regional market. For instance, according to the World Health Organization, there are currently around 104 older people in India, who are aged 60 or more.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
