Urology Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029

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Urology Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029

Status : March, 2023 | Medical Devices

Report Digest

Urology Laser is used for incision and resection of soft tissue and tumor ablation. The urology laser has been used since the 80s for the treatment of Benign Prostatic Hyperplasia (BPH). The most advanced technology and high-performance tools for urology surgical procedures are Holmium laser and thulium laser. This feature of urology lasers will help in the treatment of urology-related disease such as urinary stones, bladder tumors and others, which will bolster the growth of urology laser market.

Urology Laser Market: Drivers and Restraints

Urology laser is playing an important role in benign prostatic hyperplasia and cancer research. Increasing prevalence of BPH is anticipated to significantly contribute towards the growth of the urology laser market. With the rising prevalence of urinary tract stones and kidney stones in worldwide urology laser market is expected to show maximum growth in the forecasting period. Additionally, rapidly developing medical infrastructure and technological advancements will also drive the growth of the global urology laser market. However, as urology laser is a costly procedure, it brings hindrance to the growth of the urology laser market. Besides, the lack of awareness and knowledge about the application of the urology laser can also restraint growth of urology laser market

Urology Laser Market: Segmentation

The global urology laser market is classified on the basis of product type, technology, end user and geographic region

Based on product type, urology laser market is segmented into following:

  • Neodymium YAG (Nd:YAG)
  • Potassium-titanyl phosphate YAG (KTP:YAG)  
  • Holmium YAG (Ho:YAG)
  • Lithium borate YAG (LBO:YAG)
  • Lithotripsy Laser
  • Thulium YAG (Tm:YAG)
  • Others

Based on application, urology laser market is segmented into following:

  • Benign Prostatic Hyperplasia (BPH)
  • Non-Muscle-Invasive Bladder Cancer (NMIBC)
  • Lithotripsy
  • Urinary Stones
  • Bladder Tumors
  • Others

Based on the end-user, urology laser market is segmented into following:

  • Hospitals
  • Ambulatory surgical centers
  • Specialty Clinics

Urology Laser Market: Overview

Increasing preference for minimally invasive surgeries and growing technological advancement are driving the market for urology lasers. Technological advancement in urology laser such as Holmium laser lithotripsy will witness the maximum growth in the urology laser market. Holmium laser lithotripsy is highly adopted for the treatment of urology-related issues such as urinary stones, followed by a minimally invasive procedure. Hence, Holmium laser lithotripsy will also gain a major share for the global urology lasers market by product type. Amongst technology, Thulium laser is the most operative technique for treating BPH as it offers several advantages such as quick procedure and a lower rate of bleeding. Among all the end-users, the hospital segment will dominate the growth of urology laser market owing to high patient pool in hospitals.

Urology Laser Market: Regional Overview

North America will be the most lucrative region for urology laser market due to increasing prevalence of Benign Prostatic Hyperplasia (BPH), urolithiasis, and other urology-related disorders. Europe is anticipated to be the second largest of urology laser market due to the advanced medical facilities and developed infrastructure along with the researcher’s awareness on the advantages of urology laser market. East Asia will show market growth potential for urology laser over the forecast period. Overall, the global urology laser market is expected to show significant growth over a forecast period.

Urology Laser Market: Key Players

The key participants in urology laser market identified across the value chain are: Boston Scientific Corporation, OmniGuide Holdings, Lumenis, Cook Medical, Surgical Lasers Inc., Allengers Medical Systems Limited and others. The key players operating in the urology laser market follow various production strategies such as development of new and advanced products will boost the market consolidation activities

The report on urology laser market contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The report covers exhaust analysis on Urology Laser Market:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The report on urology laser market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report on Growth Urology Laser Market highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?