Industry Background:
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.
According to AMA, the market for Surgical Lasers is expected to register a CAGR of 6.45% during the forecast period to 2026. This growth is primarily driven by Growing Prevalence of Minimally Invasive Surgeries, Increasing Prevalence of Targeted and Chronic Diseases, Rising Adoption of Surgical Lasers to Treat Ophthalmic Disorders and Increasing Frequency of Cosmetic Surgery.
Globally, a noticeable market trend is evident Rapid Economic Development in Emerging Economies Resulting in Improvement in Living Standards. The Health Care Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- 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
Market Trend
- Rapid Economic Development in Emerging Economies Resulting in Improvement in Living Standards
Restraints
- Safety Concerns Related to Use of Surgical Lasers
Opportunities
Booming Medical Tourism Sector, Rising Expenditure on Healthcare & Improving Medical Practices and Introduction of Surgical Laser in the field of Veterinary Care
Challenges
High Cost of Laser Surgeries Coupled with Shortage of Medical Reimbursement Policies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Surgical Lasers Study Sheds Light on
The Surgical Lasers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Surgical Lasers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Surgical Lasers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.