Global Surgical Lasers Market Segmentation, By Type (Carbon Dioxide (CO2) Lasers, Argon Lasers, Diode Lasers, Neodymium: Yttrium-Aluminum-Garnet Lasers, Other Surgical Lasers), Procedure Type (Open Surgery, Laparoscopic Surgery, Percutaneous Surgery), Application (Ophthalmology, Dentistry, Dermatology, Urology, Gynecology, Cardiology, Oncology, Other Applications), End-User (Hospitals, Clinics, Others) – Industry Trends and Forecast to 2031.
Surgical Lasers Market Analysis
The growing advancements in applications, such as dermatology and dentistry, ophthalmology, have aided the demand for surgical lasers in the medical industry, thereby driving the market's growth across the globe. Moreover, the surgical lasers market is largely influenced by the surging focus of key players towards technological advances, and the players are indulging in collaboration and partnerships with other organizations. Consequently, the presence of various growth determinants aids the market to gain lucrative growth over the forecasted period.
Surgical Lasers Market Size
Global surgical lasers market size was valued at USD 7.60 billion in 2023 and is projected to reach USD 18.28 billion by 2031, with a CAGR of 11.6% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Surgical Lasers Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Key Market Players
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Lumenis Be Ltd. (Israel), Cynosure (U.S.), Alma Lasers (Israel), Abbott (U.S.), Boston Scientific Corporation (U.S.) IPG Photonics Corporation (U.S.), Philips Healthcare (U.S.), Candela Corp (U.S.), Biolitec AG (Austria), Fotona (Slovenia), LUTRONIC (South Korea), Zeiss (Germany), Cutera (U.S.), Bausch Health(Canada), Koninklijke Philips N.V. (Netherlands), Alcon (Switzerland), Johnson & Johnson Private Limited (U.S.) and BISON MEDICAL (South Korea)
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Market Opportunities
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Surgical Lasers Market Definition
Surgical laser products are used in laser operations for a variety of purposes, including destroying or cutting aberrant or diseased tissues, destroying or shrinking lesions and tumours, sealing lymph arteries, removing moles and tattoos, and closing off blood vessels and nerve endings. They're used in dermatology, urology, gynaecology, cardiology, oncology, ophthalmology, and dentistry and in a variety of treatments like laparoscopic surgeries, percutaneous surgeries, and open surgeries. The different types are available, including argon, diode, neodymium: yttrium-aluminum-garnet, and carbon dioxide.
Surgical Lasers Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Surging Targeted Diseases
The rising prevalence of cancer and cardiovascular diseases and the growing base of patients suffering from the ophthalmic disorder are the leading factors driving the growth of this market. Growing preference for minimally invasive surgeries is also expected to accelerate the market's overall growth.
- Advantages of Surgical Lasers
Furthermore, surgical lasers only target the afflicted area and do not affect other parts of the body. Moreover, unlike traditional surgery, laser surgery does not leave scars or necessitate sutures after the procedure.
- Globalization of Healthcare
Furthermore, the expanding healthcare sector, rising personal disposable income, and the growth of the medical tourism industry owing to the globalization of the healthcare system is also expected to fuel market growth.
Moreover, the rising demand for medical treatment with better facilities at an affordable cost also cushions the market's growth within the forecasted period. The increasing number of the FDA approvals which expands dermatology applications such as skin rejuvenation, varicose vein treatment, acne, tattoo and pigmented lesions are also projected to bolster the growth of the market.
Opportunities
- Growing Acceptance and Awareness for Cosmetic Procedures
Moreover, the growing awareness about advanced aesthetic procedures are estimated to generate lucrative opportunities for the market. The rising advent of various innovations and research in healthcare to develop the technology will also aid in driving the growth of market. Rising acceptance and demand for advanced cosmetic procedures will further offer numerous growth opportunities for the market.
Restraints/Challenges
- Stringent Regulations and Unfavorable Policies
Strict regulations governing the approval of surgical lasers and growing safety concerns will stymie market expansion. Market hurdles will also arise due to the unfavorable and ambiguous regulatory and reimbursement policies, particularly in developing markets.
- Cost Constraints
Also, the surgical lasers are costly. The high cost further creates affordability issues, which might challenge the market's overall growth.
This surgical lasers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical lasers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Surgical Lasers Market
The surgical lasers market was critically impacted by the sudden emergence of COVID-19. The imposition of the lockdown and social distancing restrictions by the government to curb the COVID-19 pandemic outbreak, led to halt of various operations, supply chain disruptions, stifling business growth, technology event cancellations, suspensions of new developments and has affected the overall production and sales, limiting the industry's expansion. Moreover, the major disruptions in cancer care further led to delayed diagnosis and treatment. The treatment paths were changed to reduce the danger of infection during surgery and radiation therapy, which likely hampered the industry's steady expansion over the past year. Postponement of non-essential medical services, the irregularities in supply of raw materials and limited or non-availability of medical facilities/treatment centers amid the covid-19 outbreak also affected the market's growth.
On the brighter side, even during the crisis, there was a gradual increase in acceptance of refractive surgery. This may help the business regain traction post COVID. The pandemic's heightened emphasis on public health and safety has been indirectly influenced people's eye health. Situations like these have prompted the use of laser vision correction operations, which has influenced the entire industry dynamics.
Surgical Lasers Market Scope
The surgical lasers market is segmented on the basis of type, procedure type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Carbon Dioxide (CO2) Lasers
- Argon Lasers, Diode Lasers
- Neodymium: Yttrium-Aluminum-Garnet Lasers
- Other Surgical Lasers
On the basis of type, the surgical lasers market is segmented into carbon dioxide (CO2) lasers, argon lasers, diode lasers, neodymium: yttrium-aluminum-garnet lasers and other surgical lasers. The carbon dioxide (CO2) lasers segment is expected acquire the largest market share owing to the ongoing technological advancements in cosmetic laser treatment and the widespread availability of innovative CO2-based surgical lasers.
Procedure Type
- Open Surgery
- Laparoscopic Surgery
- Percutaneous Surgery
On the basis of procedure type, the surgical lasers market is segmented into open surgery, laparoscopic surgery and percutaneous surgery.
Application
- Ophthalmology
- Dentistry
- Dermatology
- Urology
- Gynecology
- Cardiology
- Oncology
- Other Applications
On the basis of application, the surgical lasers market is segmented into ophthalmology, dentistry, dermatology, urology, gynecology, cardiology, oncology and other applications.
End User
- Hospitals
- Clinics
- Others
On the basis of end user, the surgical lasers market is bifurcated into hospitals, clinics and others.
Surgical Lasers Market Regional Analysis
The surgical lasers market is analyzed and market size insights and trends are provided by country, type, procedure type, application and end-user as referenced above.
The countries covered in the surgical lasers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the surgical lasers market because of the increasing prevalence of target diseases and increased per capita healthcare expenditure within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demand for minimally invasive surgical treatment, increased expenditure on healthcare infrastructure, rising government initiatives to improve healthcare facilities, and personal disposable income the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The surgical lasers market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgical lasers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical lasers market. The data is available for historic period 2010-2020.
Surgical Lasers Market Share
The surgical lasers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surgical lasers market.
Surgical Lasers Market Leaders Operating in the Market Are:
- Lumenis Be Ltd (Israel)
- Cynosure (U.S.)
- Alma Lasers (Israel)
- Abbott (U.S.)
- Boston Scientific Corporation (U.S.)
- IPG Photonics Corporation (U.S.)
- Philips Healthcare (U.S.)
- Candela Corp (U.S.)
- Biolitec AG (Austria)
- Fotona (Slovenia)
- LUTRONIC (South Korea)
- Zeiss (Germany)
- Cutera (U.S.)
- Bausch Health (Canada)
- Koninklijke Philips N.V. (Netherlands)
- Alcon (Switzerland)
- Johnson & Johnson Private Limited (U.S.)
- BISON MEDICAL (South Korea)
Latest Developments in Surgical Lasers Market
- In March 2021, Lumenis and Baring Private Equity Asia announced today that they have reached a definitive agreement to sell the Lumenis Surgical Business to Boston Scientific for USD1.07 billion, subject to closing adjustments. In Urology and ENT, the Surgical Business comprises laser and fibre technologies for less invasive surgical treatments.
- In September 2020, Meridian MR Q and MR Q supine YAG lasers were launched by Haag-Streit UK (HS-UK) in U.K. The MR Q is a fully integrated YAG laser that uses cutting-edge technology to perform posterior capsulotomy, pupillary membranectomy, and iridotomy procedures. According to Haag-Streit UK, the laser has excellent usability, with a quick start-up time and an easy-to-use touch-screen interface. The user can choose between anterior and posterior offset on one screen, ensuring a smooth operation. The analogue rotary knobs on both sides of the laser head, such as laser power and aiming beam brightness, enable a suitable working position for both left and right-handed users.
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