How Has the Cardiovascular Medical Lasers Market Size Evolved in Recent Years?
The cardiovascular medical lasers market has seen considerable growth due to a variety of factors.
• The market size for cardiovascular medical lasers has experienced phenomenal growth in the past few years. The market, valued at $0.31 billion in 2024, is predicted to reach $0.45 billion in 2025, representing a compound annual growth rate (CAGR) of 45.6%.
Factors contributing to this historical growth include an increase in demand for minimally invasive cardiovascular procedures, elevated instances of cardiovascular diseases, higher disposable incomes, and the rising use of telemedicine in the field of cardiology.
What Is The Forecast For The Cardiovascular Medical Lasers Market Size?
The cardiovascular medical lasers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of cardiovascular medical lasers is anticipated to experience dramatic expansion in the ensuing years. It has been projected to surge to a value of $1.71 billion by the year 2029, exhibiting a compound annual growth rate (CAGR) of 40.0%.
The predicted growth during the forecasted timeframe could be linked to developments in robotics, cardiac research, an increasing elderly population, tailored cardiac care, and the broadening scope of interventional cardiology. Key trends throughout the forecast period encompass advancements in laser fiber technology, AI-enabled telehealth, intelligent laser systems, laser-based regeneration, eco-friendly laser technologies, and the assimilation of sophisticated imaging.
What Are The Leading Drivers Of Growth In The Cardiovascular Medical Lasers Market?
An upsurge in cardiovascular diseases is anticipated to spur the growth of the cardiovascular medical laser market. The growth in the incidence of cardiovascular diseases can be linked to factors such as elevated tobacco usage, lack of physical activity, and unhealthy dietary habits. For instance, the Centers for Disease Control and Prevention, a public agency in the US, reported in May 2023 that coronary artery disease (CAD) caused the death of 375,476 individuals in 2021. They also stated that about 1 out of every 20 adults aged 20 and above suffers from CAD. Furthermore, around 20% of CAD-related deaths occur among adults under the age of 65. Consequently, the rising rate of cardiovascular diseases is forecasted to stimulate the expansion of the cardiovascular medical lasers market.
How Is The Global Cardiovascular Medical Lasers Market Divided Into Key Segments?
The cardiovascular medical lasers market covered in this report is segmented –
1) By Type: Excimer Laser, Carbon Dioxide Laser
2) By Application: Laser Vascular Anastomosis, Transmyocardial Laser Revascularization, Laser Angioplasty For Peripheral Arterial Diseases
3) By End Use: Hospitals, Specialty Clinics, Ambulatory Surgery Centers
Subsegments:
1) By Excimer Laser: Ultraviolet Excimer Lasers, Pulsed Excimer Lasers, Other Excimer Lasers
2) By Carbon Dioxide Laser: Continuous Wave CO2 Lasers, Pulsed CO2 Lasers, Super Pulsed CO2 Lasers, Other Carbon Dioxide Lasers
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What Trends Are Reshaping The Future Of The Cardiovascular Medical Lasers Market?
Manufacturers of cardiovascular medical lasers are persistently investing in emerging technologies to expedite diagnosis and boost treatment effectiveness for heart-related conditions. The innovations feature new wavelengths, highly durable arrangements, cost-effective systems, and other breakthroughs that are integrated with minimally invasive techniques. Ra Medical's vascular products, inclusive of cardiovascular lasers, gained FDA approval for use in treating peripheral arteries and veins. The laser operates at a wavelength of 308 nanometers, which disrupts chemical bonds and disintegrates blockages into their component parts, thereby minimizing patient risk.
Who Are the Key Players In The Cardiovascular Medical Lasers Market?
Major companies operating in the cardiovascular medical lasers market include:
• Boston Scientific Corporation
• Cardiovascular Systems Inc.
• AngioDynamics Inc.
• Koninklijke Philips N.V.
• RA Medical Systems Inc.
• Abbott Laboratories Inc.
• Alma Lasers Inc.
• B. Braun Melsungen AG
• Bausch + Lomb Incorporated
• Biolase Inc.
• Candela Medical Corporation
• Cutera Inc.
• DEKA Research & Development Corporation
• Edwards Lifesciences Corporation
• EUFOTON S.P.A.
• Fotonad.d.
• Gigaa Laser Group
• IRIDEX Corporation
• Lumenis Ltd.
• Medtronic Inc.
• Novartis AG
• PhotoMedex Inc.
• Quanta System S.p.A
• Sciton Inc.
• Stryker Corporation
• Terumo Corporation
• TransEnterix Inc.
• Vascular Solutions Inc.
• Zimmer Biomet Holdings Inc.
What Are The Regional Insights Into The Cardiovascular Medical Lasers Market?
North America was the largest region in the cardiovascular medical lasers market in 2023. Asia-Pacific was the second-largest region in the global cardiovascular medical lasers market report. The regions covered in the cardiovascular medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
