Global Urology Medical Lasers Market Trends And Strategies Of Major Players In The Urology Medical Lasers Market 2021-2030

20 Oct, 2021

The urology medical lasers market consists of sales of urology medical lasers and related services by entities (organizations, sole traders, and partnerships) that manufacture urology medical lasers. Medical lasers are a non-invasive and efficient source of light used to tissue treatment that provides fast healing without discoloration or scarring. Urology medical lasers are used in the treatment of medical conditions related to the urinary system such as urinary stones, benign prostatic hyperplasia (BPH), bladder or prostate cancer, and traumatic injuries.

Global Urology Medical Lasers Market Size And Drivers:

The global urology medical lasers market is expected to grow from $0.871 billion in 2020 to $0.917 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.148 billion in 2025 at a CAGR of 6%. Rising cases of urological disorders contribute to the demand for the urology medical lasers market.

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Trends In The Global Urology Medical Lasers Market

Major players operating in the market are continuously focusing on developing new products incorporating advanced technology to meet the requirement of medical professionals. For instance, in June 2020, Olympus Corporation, a Japanese manufacturer of innovative medical and surgical products, launched the Soltive SuperPulsed Thulium Fiber Laser System designed for stone lithotripsy and soft tissue applications in urology. The SuperPulsed thulium fiber laser dust stones into very fine particles and faster than other laser systems.

Global Urology Medical Lasers Market Segments:
The global urology medical lasers market is further segmented –
By Laser Type: Holmium Laser System, Diode Laser System, Thulium Laser System, Others
By Application: Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), Others
By End User: Hospital, Clinic, Other
By Geography: The global urology medical lasers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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