Surgical Lasers Market To Find Better Growth with US$ 2 Billion By 2026 | CAGR: 5.4%: Coherent Market Insights
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The Global Surgical Lasers Market, by Product (Diode Laser, Dye Laser, Gas Laser, and Solid-State Laser), by Application (Cardiology, Dermatology, Dentistry, Gynecology, Ophthalmology, Oncology, Urology, and Others), By Surgery Type (Laparoscopic Surgery, Percutaneous Surgery, and Open Surgery), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 1.4 billion in 2017 and is estimated to exhibit a CAGR of 5.4% over the forecast period (2018-2026), as highlighted in a new report published by Coherent Market Insights.
Lasers are more precise compared to conventional surgical tools such as scalpels and therefore, causes less damage to normal tissues, and patients usually experience lesser pain, bleeding, swelling, and scarring. Therefore, it takes less time for patients to heal after laser surgery and have low chances to get infections. Moreover, the duration of operations with laser therapy is short.
Additionally, there is increasing utilization of lasers for the treatment of a variety of pathologies in the recent past, owing to rising demand for less or minimally invasive treatment modalities. Surgical lasers are widely utilized in ophthalmology, lithotripsy, diagnosis, and treatment of various cancers, coupled with cosmetic and dermatologic procedures. For instance, according to the Royal College of Ophthalmologists 2015 report, in the U.K., over 95% of people who have had refractive surgery are happy with the results.
The increasing prevalence of diabetes, which is a major cause of retinopathy, rising awareness among the population towards solutions for visual impairment, easy procedure of the surgery, coupled with increasing government initiatives are some of the factors that are expected to drive demand for ophthalmic surgical laser, thereby expected to drive the market growth. For instance, according to the World Health Organization (WHO), the number of people with diabetes was estimated to around 422 million in 2014 and is expected to increase in the near future.
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Furthermore, key players in the surgical laser market are focusing on continuous product innovation, in order to help surgeons, across the globe and strengthen their position in the global market. For instance, in April 2018, Alcon, a global leader in eye care and a division of Novartis, introduced technological advancements to the LenSx Laser, its market-leading femtosecond laser system. The latest advancements offer new indications for use of the LenSx Laser during cataract and refractive surgeries. Similarly, in April 2018, Medtronic Plc received the CE mark and launched Visualase MRI-Guided Laser Ablation System in Europe. The Visualase system offers advanced MRI-guided laser ablation technology and can be utilized in neurosurgery procedures.
Browse 37 Market Data Tables and 25 Figures spread through 160 Pages and in-depth TOC on “Surgical Lasers Market, by Product (Diode Laser, Dye Laser, Gas Laser, and Solid-State Laser), by Application (Cardiology, Dermatology, Dentistry, Gynecology, Ophthalmology, Oncology, Urology, and Others), by Surgery Type (Laparoscopic Surgery, Percutaneous Surgery, and Open Surgery), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”
To know the latest trends and insights related to surgical lasers market, click the link below: https://www.coherentmarketinsights.com/market-insight/surgical-lasers-market-2604
Key Takeaways of the Surgical lasers Market:
- The global surgical lasers market is expected to exhibit a CAGR of 5.4% over the forecast period (2018-2026), attributed to increasing surgical procedures. For instance, according to the data from the American Academy of Ophthalmology, over 8 million patients in the U.S. alone received laser surgery, in 2017.
- Key players operating in the global surgical lasers market include Alma Lasers, Abbott Laboratories, Inc., Biolitec AG, BISON MEDICAL Co., Ltd., Boston Scientific Corporation, Cynosure, Inc., Fotona d.o.o., Lumenis, IPG Photonics Corporation, and Spectranetics Corporation
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