PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498815
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498815
Surgical Lasers Market size was valued at USD 6,251.5 Million in 2023, expanding at a CAGR of 12.40% from 2024 to 2032.
Surgical lasers refer to the use of lasers during a surgical procedure. Lasers are devices that emit light by optical amplification based on the stimulated emission of electromagnetic energy. In contrast to traditional operations that employ a scalpel, surgical lasers use a laser to cut tissues and perform other surgical duties. Surgical lasers produce a variety of effects, including photochemical, photomechanical, photoablation, and photothermal effects.
Surgical Lasers Market- Market Dynamics
Increasing Use of Surgical Lasers for Chronic Illness Treatment Driving Market Growth
The increasing frequency of chronic diseases such as cancer, cardiovascular disease (CVD), and ocular issues is driving up demand for surgical lasers. The usage of surgical lasers is growing because they are a minimally invasive treatment option that offers precise and effective options with little to no scars and a quick recovery. Surgical lasers are used to treat a variety of medical conditions, including cataract surgery, cosmetic treatments, skin resurfacing, and dental procedures. In addition, advances in surgical lasers, such as the development of solid-state lasers, fiber lasers, and diode lasers, have enabled novel surgical procedures, which is another important factor driving market revenue growth. For instance, the advent of fractional laser technology has altered the cosmetic surgery industry by providing a minimally invasive approach to skin resurfacing and rejuvenation.
Surgical Lasers Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 12.40% over the forecast period (2024-2032)
Based on Type segmentation, CO2 Lasers were predicted to show a majority share in the year 2023
Based on Procedure Type segmentation, Laparoscopic Surgery was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Surgical Lasers Market is segmented by Type, Procedure Type, Application, and Region.
The market is divided into five categories based on Type: CO2 Lasers, Argon Lasers, Nd: YAG Lasers, Diode Lasers and Other Surgical Lasers. CO2 Lasers dominate the market. Carbon dioxide lasers are commonly used in surgical operations because they can precisely treat both superficial and deeply entrenched tissues. These lasers are extremely effective and precise, allowing surgeons to control the laser's strength and depth of penetration. Carbon dioxide lasers are used to treat a variety of skin ailments, such as warts, moles, and scars, as well as surgical treatments that involve the removal of tumors and malignant cells.
The market is divided into three categories based on Procedure Type: Open Surgery, Laparoscopic Surgery, and Percutaneous Surgery. In 2023, laparoscopic surgery had the largest market share. Laparoscopic surgery, often known as minimally invasive surgery, performs surgical procedures with small incisions and specialized equipment. When compared to open surgery, this approach has several advantages, including less pain, faster healing, and less scarring. Laparoscopic surgery is commonly used to treat gastrointestinal, gynecological, and urological problems, among other illnesses.
Surgical Lasers Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. These regions are further divided according to the nations bringing business. North America generated the greatest revenue in 2023, and it is expected to maintain this position throughout the forecast period. This dominance is due to the established healthcare system, extensive use of technologically advanced aesthetic laser technologies, and increased demand for aesthetic and cosmetic operations in North America.
The surgical lasers market in Asia Pacific is predicted to expand rapidly during the forecast period. Several important players are pursuing various growth strategies to raise awareness of their surgical laser equipment and obtain a competitive advantage. For instance, in September 2020, Lumenis Ltd., a medical device firm specializing in surgical, cosmetic, and ophthalmic applications, hosted the 'GuruKool' private scientific program and workshop in Bangalore.
Competitive landscape of the Surgical Lasers Market: Key players operating in this market include Lumenis, Cynosure, Inc., Alma Lasers, and Abbott Laboratories, Inc. All major market players involved in this sector offer innovative surgical laser solutions for a variety of medical procedures, with constant attempts to pave the way for further developments in the research and development sector. In order to constantly remain ahead in business, these players introduce new technologies based on the evolving needs of healthcare providers and patients. The growth of the market dynamics is attributed to the new advancements in laser technology, the demand for more minimally invasive procedures, and the rising incidence of chronic diseases requiring surgical interventions.
In March, 2022, Boston Scientific and a BPEA affiliate signed an agreement (Baring Private Equity Asia). Lumenis' surgical division, which includes top-tier laser equipment, will be bought as part of this transaction.
GLOBAL SURGICAL LASERS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Lumenis (Israel)
Cynosure, Inc. (U.S.)
Alma Lasers (Israel)
Abbott Laboratories, Inc., (U.S.)
Boston Scientific Corporation (U.S.)
IPG Photonics Corporation (U.S.)
Spectranetics Corporation (U.S.)
Biolitec AG (Austria)
Fotona d.o.0. (Slovenia)
BISON MEDICAL Co., Ltd. (South Korea)
Others