Surgical Lasers Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Surgical Lasers Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : April, 2020 | Medical Devices | PPT format

Report Digest


Global Surgical Lasers Market: Overview 

Surgical laser products are used in laser surgeries to destroy or cut abnormal or diseased tissues, destroy or shrink lesions and tumors, seal lymph vessels, remove moles and tattoos, and close off blood vessels and nerve endings among various other uses. They are available in different types such as argon, diode, neodymium: yttrium-aluminum-garnet, and carbon dioxide. They are used in several procedures, including laparoscopic surgeries, percutaneous surgeries, and open surgeries and in various fields such as dermatology, urology, gynecology, cardiology, oncology, ophthalmology, and dentistry. 

Global Surgical Lasers Market: Key Trends 

The increasing prevalence of targeted diseases such as cancer and cardiovascular diseases and expanding base of patients suffering from ophthalmic disorder are the leading factors providing a fillip to the global surgical lasers market. The growing preference for minimally invasive surgeries is also creating an upthrust in the global demand for surgical laser products. Moreover, the rising investments in the field from both public and private sectors are augmenting the market. 

On the other hand, the stringent regulatory scenario related to the approval of surgical lasers is inhibiting the growth of the market. Furthermore, the high costs of laser surgeries coupled with the shortage of suitable medical reimbursement policies are keeping the global surgical lasers market from realizing its utmost potential. 

Global Surgical Lasers Market: Market Potential 

Emerging regions are expected to present immense growth opportunities. As a result of which, players in the global surgical lasers market are expected to shift their focus towards developing countries. The rising expenditure on healthcare and improving medical practices are boosting the uptake of surgical lasers in these countries. Moreover, the booming medical tourism sector in these regions attracts people from all over the world, which makes them promising markets. 

Rapid advancements in surgical lasers are opening new avenues for market players. The introduction of laser surgeries in the field of veterinary care is unfolding tremendous growth opportunities for the global surgical lasers market. Surgical lasers are now being used to address pain, injury, and chronic health conditions in companion pets. 

Global Surgical Lasers Market: Geographical Segmentation 

The key segments analyzed in the research report are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America will be a prominent market throughout the forecast period, with the U.S. being at the forefront of growth. The increasing number of clinical trials and availability of favorable reimbursement policies for laser-assisted surgeries are triggering the adoption of novel technologies among healthcare professionals, which in turn is propelling the growth of the region. A large number of manufacturers headquartered in the region are also facilitating the widespread adoption of surgical laser products. 

Asia Pacific will register a healthy growth rate during the same period, owing to widening base of patient population for target diseases. The rising initiatives by governments to improve healthcare facilities are providing a significant push to the growth of the region. Moreover, the increasing awareness among healthcare professionals regarding the procedural benefits of surgical laser equipment and growing geriatric population are driving the growth of the region. 

Global Surgical Lasers Market: Competitive Landscape 

The majority of companies are focusing towards product launches to enhance their visibility in the high competitive arena of the global surgical lasers market. Mergers and acquisitions are also among the primary growth strategies adopted by key players to expand their product portfolio in the market. Some of the prominent companies operating in the market are Lumenis, Alma Lasers, Abbott Laboratories Inc., Spectranetics Corporation, Fotona d.o.o., Biolitec AG, Boston Scientific Corporation, and Cynosure Inc.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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