What Fueled Urology Medical Lasers Market?
The urology medical lasers market has seen considerable growth due to a variety of factors.
• The market size of urology medical lasers has exhibited consistent growth over the past years, with a projection to escalate from $1.03 billion in 2024 to $1.07 billion the following year with a compound annual growth rate (CAGR) of 4.2%.
The surge during the historic period is linked to swift advancements in technology, heightened healthcare spending, the swift rise in the senior population, reformations in public health insurance and robust economic evolution in upcoming markets.
What Is The Projected Growth Of The Urology Medical Lasers Market?
The urology medical lasers market is expected to maintain its strong growth trajectory in upcoming years.
• The market for urology medical lasers is projected to experience significant expansion in the coming years, reaching $1.36 billion in 2029, with a compound annual growth rate (CAGR) of 6.2%.
This growth during the predicted timeline could be as a result of an escalation in mergers and acquisitions, advancements in research and development, and government-led initiatives. The emerging trends during this period are anticipated to include the introduction of cutting-edge technologies, the application of big data and artificial intelligence, innovative laser therapies for benign prostatic hyperplasia, and the implementation of fiber-optics in laser technology.
What Are The Essential Drivers Behind The Growth Of The Urology Medical Lasers Market?
The uptick in urological disorders is fueling the need for the urology medical lasers market. The escalating number of urological issues such as bladder cancer and prostate diseases amongst others is amplifying the requirement for minimally invasive surgeries and associated devices. Statistics from the American Institute for Cancer Research indicate that bladder cancer ranks as the sixth most prevalent cancer in men and the 17th most prevalent in women. This rise in urological health conditions augments the need for urological surgeries, thereby propelling the expansion of the urology medical lasers market.
What Are The Principal Market Segments In The Global Urology Medical Lasers Healthcare Industry?
The urology medical lasers market covered in this report is segmented –
1) By Laser Type: Holmium Laser System, Diode Laser System, Thulium Laser System, Others
2) By Application: Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), Others
3) By End User: Hospitals, Clinic, Others
Subsegments:
1) By Holmium Laser System: Used For Procedures Like Laser Lithotripsy And Prostatectomy
2) By Diode Laser System: Employed In Various Urological Procedures, Including Tissue Ablation
3) By Thulium Laser System: Utilized For Soft Tissue Procedures, Particularly In Treating Benign Prostatic Hyperplasia (BPH)
4) By Others: Includes Other Types Of Lasers, Such As CO2 Lasers And Nd Lasers, Used In Specific Urological Applications
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Which Emerging Market Trends Are Altering The Urology Medical Lasers Market?
Product innovation is quickly becoming a prominent trend within the urology medical lasers market. These advancements in product creation assist urologists in achieving more successful outcomes and enhance diagnostic, therapeutic, and minimally invasive procedures. This results in improved clinical results, decreased overall expenditures, and a better quality of life for patients. For example, in November 2022, the India-based Apollo hospital launched the first Moses 2.0, a cutting-edge laser technology designed to treat large kidney stones and prostate enlargement in high-risk patients. This treatment is bloodless and painless for patients and doesn't require any surgical severing of the skin. The Moses 2.0 can treat kidney stones and prostate issues of any size.
Who Are the Key Players in the Urology Medical Lasers Market?
Major companies operating in the urology medical lasers market include:
• Olympus Corporation
• Boston Scientific Corporation
• Lumenis Ltd.
• Richard Wolf GmbH
• Quanta System S.p.A.
• Stryker Corporation
• OmniGuide Holdings Inc.
• Convergent Laser Technologies
• Biolitec AG
• Allengers Medical Systems Limited
• Changzhou Meditech Trading Co. Ltd
• Shuzhou Sunan Zimmered Medical Instrument Co. LTD
• Narang Medical Limited
• Atlas Surgical
• Auxein Medical
• Seikagaku Corporation
• Anatomics
• SignatureOrtho
• Fresenius Medical Care AG & Co
• KARL STORZ
• EndoMed Systems GmbH
• Dornier MedTech
• Braun Melsungen AG
• Lisa Laser
• IRE-Polus
• IPG Photonics Co
• Capital Clinic Riga
• Nick Mertziotis MDPh.D
• Moscow Next Generation Clinic
• Private Gürlife Hospital
• Warsaw Surgery Clinic
• Laser Med Medical Centre
• Clinica Tambre
• Stereotactic Radiosurgery Center ‘SIGULDA’
• Cook Medical Incorporated
• CR Bard
• Healthtronics Inc
• Surgical Lasers Inc
• Medtronic
• Aerolase
• cutera
• Cynosure inc
• Sciton inc
• Sharplight Technologies
• Syneron Medical inc
• SoltaMedical inc
• Alma Lasers
• Euracare.
What are the Regional Insights into the Urology Medical Lasers Market?
North America was the largest region in the urology medical lasers market in 2024. Asia-Pacific was the second largest region in the urology medical lasers report. The regions covered in the urology medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
