Global Cardiovascular Medical Lasers Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

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The cardiovascular medical lasers market consists of the sale of cardiovascular medical lasers and related services by entities that manufacture them. Cardiovascular medical lasers are used in the treatment of heart-related medical conditions especially for clearing heart blockages.

Global Cardiovascular Medical Lasers Market Size And Drivers:

The global cardiovascular medical lasers market is expected to grow from $0.12 billion in 2020 to $0.12 billion in 2021 at a compound annual growth rate (CAGR) of 0.8%. The slow growth is mainly due to deferring treatments that led to fall in the demand comparatively for the equipment. The market is expected to reach $0.52 billion in 2025 at a CAGR of 42%. The rising prevalence of cardiovascular diseases is expected to drive the cardiovascular medical laser market.

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Trends In The Global Cardiovascular Medical Lasers Market

Alternative treatment methods for cardiovascular ailments are increasingly becoming popular globally and this is expected to have a negative impact on the revenues of the cardiovascular medical laser market. Treatments of heart diseases using medical procedures such as coronary angioplasty, stent implantation, thrombolytic therapy, coronary artery bypass graft surgery (CABG), artificial pacemaker surgery, defibrillation, and heart valve surgery are more commonly used for the treatment of heart disease compared to the treatments employing lasers. According to a 2018 study by iData Research, around 340,000 CABG procedures are performed per year in the United States. This trend is expected to continue during the forecast period and limit the demand for cardiovascular medical lasers.

Global Cardiovascular Medical Lasers Market Segments:
The global cardiovascular medical lasers market is further segmented –
By Type: Excimer Laser, Carbon Dioxide Laser
By Application: Laser Vascular Anastomosis, Transmyocardial Laser Revascularization, Laser Angioplasty For Peripheral Arterial Diseases
By End Use: Hospitals, Specialty Clinics, Ambulatory Surgery Centers
By Geography: The global cardiovascular medical lasers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Cardiovascular Medical Lasers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cardiovascular medical lasers market overviews, analyzes and forecasts market size and growth for the global cardiovascular medical lasers market, cardiovascular medical lasers market share, cardiovascular medical lasers market players, cardiovascular medical lasers market segments and geographies, cardiovascular medical lasers market’s leading competitors’ revenues, profiles and market shares. The cardiovascular medical lasers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.