As Per the Report, the Size of the Asia Pacific Surgical Lasers Market is valued at USD 0.32 billion in 2022 and is predicted to reach USD 0.47 billion by 2027, growing at a CAGR of 7.74 % during the forecast period 2022 to 2027.
The Asia Pacific Surgical Lasers Market is estimated to be driven by the technological improvements rising number of chronic diseases such as ophthalmology, cancer, tumors, and cardiovascular problems in the coming years. Additionally, increasing financing, public-private partnerships, a rise in the market, and the adoption of minimally invasive surgeries are projected to fuel market expansion over the forecasted period. As a result, many countries have positioned themselves as medical destinations with high-quality services and advanced technology to attract patients.
Furthermore, the surgical laser market is being supported by increased investments in the market from both the public and private sectors. Continuous technical advancements in surgical lasers, such as improvements in laser sources and diode lasers, are estimated to be the driving force behind the market's expansion. In addition, ophthalmology has boosted the demand for surgical lasers in the medical business, boosting the market research with advancements in applications such as dermatology and dentistry. Furthermore, laser lithotripsy is also a generally established therapy for urinary-related diseases, such as biliary stones, according to the National Institute of Health (NIH).
As a result, the increased prevalence of urological diseases may drive demand for surgical lasers. In addition, the use of soft tissue lasers to treat periodontal disease increases the need for lasers in dental surgery and diagnostic procedures. Furthermore, the surgical laser market is growing due to advancements in diode and fiber laser technologies.
The surgical laser market is also driven by increased awareness of benefits such as reduced blood loss, reduced risk of wound infection, reduced postoperative discomfort, and improved wound healing.
Market restraints are likely to include factors such as the high prices of laser surgeries, a lack of convenient medical reimbursement systems, and strict rules regarding the approval of surgical lasers.
This research report on the Asia Pacific Surgical Lasers Market has been segmented and sub-segmented into the following categories.
By Procedure Type:
Geographically, the Asia-Pacific Surgical Lasers Market is predicted to grow at the fastest CAGR during the forecast period due to a senior population, an increasing prevalence of targeted diseases like cardiovascular disease and cancer, and a large patient population. In addition, emerging markets like India, and China, provide considerable growth potential for surgical laser manufacturers.
The India Surgical Lasers Market provides considerable growth potential for surgical laser manufacturers due to the rising population, the prevalence of lifestyle problems, and increased investments by top firms in these countries contribute to this growth in these regions.
Several significant players are pursuing a variety of growth tactics to raise awareness of their surgical laser devices and obtain a competitive advantage.
The China Surgical Lasers Market is predicted to develop at the fastest rate. This has increased the number of laser surgeries in the region. According to the American Academy of Ophthalmology, diabetic retinopathy affected 25 percent of people in Asia in 2017.
The Japan Surgical Lasers Market is expected to have the most significant revenue share due to increased diabetes incidence, high disposable income, and improved healthcare infrastructure.
KEY MARKET PLAYERS
Key Companies Operating the APAC Surgical Lasers Market Profiled in the Report are Lumenis (Israel), Fotona d.o.o. (Slovenia), Boston Scientific Corporation (U.S.), Cynosure, IPG Photonics Corporation (U.S.), Inc. (U.S.), Alma Lasers (Israel), Biolitec AG (Austria) and BISON MEDICAL Co., Ltd. (South Korea), Abbott Laboratories, Spectranetics Corporation (U.S.).,
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