Surgical Lasers Market Demand To Escalate Till 2026

Posted by satish on May 21st, 2019

Surgical lasers use special light beams to perform surgical procedures instead of surgical instruments such as scalpel. Various types of lasers are used, each with specific functions during surgery. Laser light can be delivered either continuously or intermittently and can be used with fiber optics to treat areas of the body that are often difficult to access. Laser surgery is less invasive and has the advantage of reducing risk of infection and promotes fast healing.

Laser therapy uses high-intensity light to treat cancer and other illnesses. These can be used to shrink or destroy tumors or precancerous growths and treat superficial cancers including cancers on the surface of the body or the lining of internal organs such as basal cell skin cancer and the early stages of some cancers such as cervical, penile, vaginal, vulvar, and non-small cell lung cancer. Carbon dioxide (CO2) lasers, argon lasers, and neodymium: yttrium-aluminum-garnet (Nd:YAG) lasers are mostly used to treat cancer.

The global surgical lasers market size was valued at US$ 1.4 billion in 2017 and is expected to witness a CAGR of 5.4% over the forecast period (2018 – 2026).

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Market Dynamics

Increasing number of surgical procedures across the globe is likely to drive overall growth of the surgical laser market during the forecast period. According to the Centers for Disease Control and Prevention (CDC), cataract is the prominent eye disorder and around 42 million people were affected by severe loss of vision, with cataract being the main cause in 2014 among 116 countries that were studied. According to an estimation released by the Centers for Disease Control and Prevention (CDC), the total number of cataract patients worldwide is expected to increase to 30.1 million by 2020.

Medical lasers are extensively used for various types of cosmetic surgeries, including the removal of certain kinds of birthmarks, port-wine stains, reddish purple skin blotches, and others. The use of lasers in oral and maxillofacial surgery has witnessed a substantial increase in both, applications of lasers for different techniques and the number of surgeons opting to use them.

Some of the disadvantages of laser surgery such as scattered and reflected laser beams that pose massive health hazard to the operator, assistants, and patients, and high cost of the procedure and operator training are expected to hinder the surgical lasers market growth over the forecast period.

Increasing number of surgical procedures worldwide is expected to drive the surgical lasers market revenue

Rising prevalence of diseases such as cancer, cataract, kidney stones, and others, technological advancements in surgical lasers, and rising demand for minimally invasive surgeries are major factors driving the surgical lasers market growth. According to the National Institute of Diabetes and Digestive and Kidney Diseases Health Information Center, in 2016, the overall prevalence of chronic kidney disease in the U.S. was around 14%.

Surgical Lasers Market - Regional Insights

On the basis of region, the global surgical lasers market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America surgical lasers market is expected to generate significant revenue share over the forecast period, owing to increasing demand for effective therapeutic treatment for disorders related to eyes. According to the American Academy of Ophthalmology 2016, in the U.S., over 34 million patients were suffering from myopia.

Surgical Lasers Market - Competitive Landscape

Key players operating in the global surgical lasers market include Alma Lasers, Abbott Laboratories, Inc., Biolitec AG, BISON MEDICAL Co. Ltd., Boston Scientific Corporation, Cynosure, Inc., Fotona d.o.o., Lumenis, IPG Photonics Corporation, and Spectranetics Corporation.

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