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Global Surgical Lasers Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product Type, Procedures, Application & Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 3956
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Surgical Lasers Market Size (2022 to 2027)

As per our research report, the size of the global surgical lasers market was valued at 2.05 billion in 2022. It is further expected to reach USD 2.60 billion by 2027, increasing at a CAGR of 4.84% during the forecast period.

Surgical lasers use a light beam to treat blood vessels that are bleeding and removing diseased tissues. Lasers are used in various surgical procedures, including laparoscopic surgery, oncology, cardiology, dermatology, and ophthalmology. Many medical operations, including cosmetic surgery, refractive eye surgery, dental procedures, and general surgery, use these lasers. As a result, the rising demand for non-invasive surgical procedures is propelling the laser industry forward. To remove, vaporize, and cut tissue, a general surgeon, employs a variety of laser wavelengths and laser distribution devices.

There are several different kinds of laser beams on the market, each with a different color and use, such as neodymium, yttrium-aluminum-garnet, argon, diode, and carbon dioxide. Laser surgery can be performed on any part of the body, although it is most often used in eye surgery and cosmetic skin procedures. Breast surgery, gallbladder removal, hernia repair, strong organ surgery, and pilonidal cyst care are common surgical procedures. The Carbon Dioxide laser converts light energy into heat, which is then used to minimize bleeding. In contrast, the Neodymium yttrium-aluminum-garnet laser allows surgeons to see and touch body parts that would normally only be accessible by open surgery.

MARKET DRIVERS:

increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases among older people worldwide, increasing funds to develop technologically superior devices to increase the efficiency of treatments is majorly driving the global surgical lasers market growth.

Additionally, factors such as increased stress levels increased consumption rate of unhealthy and junk food are also boosting the growth of the surgical lasers market. The surgical lasers market is expected to expand further during the forecast period owing to factors such as developments in healthcare institutions, surging medical tourism trend in developing nations, increasing health awareness and the demand for minimally invasive surgeries, favorable reimbursement policies designed for several laser procedures, these factors are likely to generate lucrative opportunities of growth for stakeholders, and boost the business growth during the forecast period.

Increased medical laser applications in aerospace and military equipment, healthcare, manufacturing operations, and others are a big plus to the market to grow further. Also, Direct-energy lasers are widely adopted to optimize various existing industrial processes. The developments to increase efficiency and productivity, leading to increased adoptions of these lasers in government and public organizations, offer lucrative opportunities for growth of the surgical lasers market during the forecast period.

MARKET RESTRAINTS:

Delays in the approval procedure of surgical lasers due to strict policies and regulations in various countries are a major challenge to the stakeholders in the Surgical Lasers Market. People are highly concerned about the side effects of surgical lasers procedures, limiting the adoption of surgical lasers. Laser treatments and surgeries are expensive, and people in developing countries are reluctant to choose laser surgeries due to inconvenient reimbursement policies.

Impact of COVID-19 on the global surgical lasers market:

The covid-19 pandemic has had a major effect on the industry. Lockdowns enforced worldwide due to the recent COVID-19 pandemic have lowered demand for surgical laser systems moderately. Lasers are used for various uses, including shrinking or destroying tumors and wounds, removing moles, warts, and tattoos, and reducing the presence of wrinkles on the skin. Patients undergoing laser treatments have decreased dramatically in recent months, both in hospitals and other specialist centers.

For the treatment of covid-19 patients, various countries have upgraded healthcare services such as hospital beds, nurses, necessary staff, and medical devices. Dedicated laser therapy centers, such as specialist laboratories and hospitals, have been shut down. In several nations, this has had a major effect on patients visiting surgical, medical, and aesthetic surgeries. Because of the virus's high contagiousness and its ability to propagate through the air and droplets via respiratory transmission, dental professionals were at a high risk of contracting and spreading the disease. Many dental therapies, however, use lasers. Because of the unique tissue–matter interference effects of laser wavelengths, certain special measures must be applied to standard protocols to ensure that patients benefit from this technology. As a result, the global surgical lasers market is expected to have growth in the coming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Analysed

By Product, Procedure Type, Application, and Region

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Companies Analysed

Abbott Laboratories, BISON MEDICAL Co., Ltd. (South Korea), Fotona d.o.o. (Slovenia), Lumenis(Israel), Cynosure, Alma Lasers (Israel), IPG Photonics Corporation (U.S.), Boston Scientific Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria)

 

This research report on the global surgical lasers market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2027.

Surgical Lasers Market - By Product:

  • Carbon dioxide (CO2) lasers
  • Nd: YAG lasers
  • argon lasers

Based on product, the CO2 lasers segment dominates the global surgical lasers market and is likely to witness growth at the highest CAGR during the forecast period. The factors responsible for the growth of the CO2 lasers market segment are rapid developments in cosmetic laser treatment and the availability of innovative CO2-based surgical lasers.

Surgical Lasers Market - By Procedure Type:

  • Laparoscopic surgery
  • Open surgery
  • Percutaneous surgery

Based on procedure type, the Laparoscopic Surgery segment leads the surgical lasers market and is expected to display growth during the forecast period. Laparoscopic procedures are highly adopted due to the benefits of those procedures and the increasing demand for less invasive procedures.

Surgical Lasers Market - By Application:

  • Dentistry
  • Ophthalmology
  • Dermatology
  • Gynecology
  • Cardiology
  • Oncology
  • Urology

Based on application, the urology segment contributes a major share to the global surgical lasers market and is growing rapidly at the highest CAGR. The factors that are fuelling the growth of this segment are technological developments, increasing cases of urological diseases, and rising demand for less invasive urological surgeries among patients.

Surgical Lasers Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Geographically, the North American surgical lasers market is anticipated to hold the largest share in the surgical lasers market in the global 2020. This region is projected to dominate the market due to growing medical lasers' applications in aerospace and military equipment and growing healthcare expenditure. The existence of a huge number of cosmetic laser producers and high demand for surgical techniques in healthcare spurs the growth in surgical lasers globally. The U.S is leading the market, followed by Canada. United States market owes to increasing demand for cosmetic surgeries to make better changes in reshaping the body and spur growth.

The European surgical lasers market is expected to be leading the market after North America. Low invasive surgeries, the common rise of ophthalmic disorders and growing lifestyle-associated disorders, and the increasing occurrence rate of common targeted diseases are accelerating the growth of the surgical lasers over the forecast period.

The Asia-Pacific surgical lasers market is expected to have quick and speedy growth in the surgical lasers market of this region globally over the analysis period. This region's growth is due to a huge population base, a growing aging population, and growing awareness in healthcare professionals related to the benefits of the market fuels the growth. Countries like India, China, and South Korea have important opportunities for the key players internationally.

The surgical lasers market in Latin America is expected to have a constant, fixed, and steady growth of the region during the forecasting framework. This is due to the presence of many key players and manufacturers and an increasing number of surgical lasers over the market. Brazil is likely to lead the market over the review period.

KEY MARKET PARTICIPANTS:

Some of the companies that are playing a notable role in the global surgical lasers market profiled in this report are Abbott Laboratories, BISON MEDICAL Co., Ltd. (South Korea), Fotona d.o.o. (Slovenia), Lumenis(Israel), Cynosure, Alma Lasers (Israel), IPG Photonics Corporation (U.S.), Boston Scientific Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria).

KEY HAPPENINGS IN THIS MARKET IN THE RECENT PAST:

  • Lumenis Company launched the ResurFx laser system in 2019 for the fractional non-ablative skin resurfacing treatment. 
  • 270Surgical Ltd. has developed a device called surround scope system, which is used for laparoscopic surgeries; the camera offers field-of-view up to 270 degrees. The device has been approved by the U.S food and drug administration with a 510(k) license in November 2019.
  • Biolitec Medica Company has developed laser treatment procedures for bladder tumors and endometriosis called TULA and ELLA and made them available for patients from the last quarter of 2019. The company launched the LEONARDO diode laser system in November 2019; the device is implemented to treat patients in the field’s proctology, urology, and gynecology.

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