November 15th, 2022 Fact.MR Releases
High adoption of surgical laser systems in cosmetic surgeries, refractive eye surgeries, dental procedures, and general surgeries such as tumour removal, cataract removal, plastic surgery, and many others has led this market to record sales worth US$ 2.94 Bn in the year 2021. Market growth is further projected to expand at a CAGR of 9.2% over the forecast period (2022-2032).
According to the Food and Drug Administration, “medical lasers are medical devices that use precisely focused light sources to treat or remove tissues”. Since lasers are extremely accurate, they are used in place of scalpel in surgical procedures. Rising burden of age-related ophthalmic disorders such as cataract, glaucoma, and diabetic retinopathy and increasing incidence of targeted diseases such as benign prostate hyperplasia, trigeminal neuralgia, and angina pectoris are key factors driving global demand for surgical medical laser systems.
North America market is one of the leading markets for minimally-invasive surgeries because of rising prevalence of chronic diseases, increasing geriatric population, enhanced healthcare, and increasing number of surgical procedures, all of which require laser surgeries for treatment.
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According to the American Society of Plastic Surgeons, 13,281,235 cosmetic minimally-invasive surgical procedures were performed in year 2020 alone. Increasing preference for minimally-invasive procedures will boost demand for the surgical medical laser systems over the coming years.
Key players in this industry are actively collaborating to develop new product lines for strengthening their foothold in the global market for surgical medical laser systems.
Since the surgical medical laser systems market is highly fragmented, it presents numerous lucrative opportunities for new entrants as well as key players to create a foothold in the industry. Increased product adoption rate can also prove a beneficial factor for manufacturers to expand in regional as well as emerging markets.
Key Takeaways from Market Study
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Key manufacturers of surgical medical laser systems are integrating robotics and laser surgical procedures for advancement in patient care, innovating newer laser systems, and forming strategic partnerships for lucrative opportunities.
Along with the aforementioned strategies, market players are also acquiring other companies and stakes in various smaller players to improve their market presence.
Key Segments Covered in Surgical Medical Laser Systems Industry Research
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What Does the Report Cover?
Fact.MR, in its new offering, presents an unbiased analysis of the surgical medical laser systems market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of the product (solid-state laser systems, gas laser systems, dye laser systems, and diode laser systems), application (ophthalmology, dermatology, gynaecology, dentistry, urology, cardiovascular, and others), and end user (hospitals, specialty clinics, and ambulatory surgical centres) across seven key regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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