Surgical Lasers Market Size, Share and Global Trend By Product Type (Argon, Diode, Carbon Dioxide, Neodymium: yttrium-aluminum-garnet, Others), By Procedure Type (Laparoscopic Surgery,Percutaneous Surgery,Open Surgery, Others), By Application (Oncology, Ophthalmology, Urology, Neurology, Cardiology), By End User (Hospitals & Clinics, Ambulatory Surgery Centers (ASCs), Others), and Regional Forecast, 2024-2032

Surgical lasers refer to the usage of lasers for the undertaking of a surgical procedure. Lasers are defined as devices which emit light with the help of the optical amplification procedure based on the stimulated emission of electromagnetic radiation. In contrast to the usage of a scalpel to conduct conventional surgeries, surgical lasers involve the use of a laser to cut tissues amongst the other surgical tasks. Surgical lasers have a number of effects such as photochemical effects, photomechanical effects, photoablative effects, and photothermal effects.

Some of the application of surgical lasers include oncological surgeries such as esophageal and bronchial carcinoma, eye surgeries such as band keratoplasty, endoscopic control of bleeding and intraluminal lithotripsy. The benefits of surgical lasers include bloodless field, better healing, precise microsurgeries, lessen postoperative pain, and lower infection rate but precautions must be undertaken for complications such as atmospheric contamination, interstitial pneumonia, inflammation, and bronchiolitis. These trends have contributed to the positive growth of the global surgical lasers market.

The global surgical lasers market is anticipated to grow, owing to a number of factors such as increased prevalence of acute and chronic diseases such as cancer and eye disorders, innovations in technology, increasing demand for minimally invasive surgeries. Moreover, greater demand for medical procedures with greater patient comfort, increasing awareness regarding surgical procedures, and increasing geriatric populations are also anticipated to drive the market growth. According to the American Cancer Society (ACS), it is estimated that there would be 1,735,350 new cancer cases diagnosed in 2018.

In estimates released by the Centers for Disease Control and Prevention (CDC), it was stated that coronary artery disease (CAD) was the leading cause of heart disease in the U.S., which can be treated using the surgical lasers such as trans-myocardial laser revascularization successfully for those individuals who cannot undertake a bypass surgery. These trends combined with the other factors are expected to positively drive the market growth.

The factors limiting the growth of the global surgical lasers markets include the high costs of the procedures, lack of medical reimbursements and the safety concerns associated with surgical lasers.

Key Players Covered

Some of the major companies that are present in the global Surgical Lasers market are Lumenis, Bausch & Lomb Incorporated, Cynosure, Johnson & Johnson Services, Inc., Alma Lasers, Boston Scientific Corporation, IPG Photonics Corporation., and others.

SEGMENTATION

Among the segmentation, ophthalmology in the application segment is projected to hold a considerable share of the global surgical lasers market due to higher adoption of surgical lasers for treatment due to the increasing prevalence of ophthalmic disorders in developed as well as developing countries.

Key Insights

• Overview of technological advancements in surgical lasers
• Reimbursement scenario for key countries
• Recent industry developments such as partnerships, mergers, and acquisitions
• New product launches
• Overview of opportunity assessment in emerging markets

Regional Analysis

North America accounts for the largest share in the global surgical lasers market due to the increasing prevalence of chronic diseases, established healthcare system, high medical expenditure, greater demand for minimally invasive procedures, greater access to advanced medical technologies and presence of market leaders. The increasing need for surgical procedures is also positively driving the growth in the forecast period. The Asia Pacific is the fastest emerging market due to the increasing incidences of acute diseases, increasing awareness and adoption of advanced medical technologies, increasing disposable incomes, and developing the healthcare system.

Key Industry Developments

• In May 2018, the parent company of OmniGuide Surgical, called OmniGuide Holdings, Inc. announced the commercial launch of the product offering of C-LAS Line of Sight CO2 Laser System, the latest addition to their product portfolio
• In July 2017, Surgical Lasers Inc. announced the launch of the new Pathfinder portable laser for office and surgical center/operating room based BPH (Benign Prostatic Hyperplasia) surgery
• In April 2016, Alma Lasers announced the launch of the second generation product called the FemiLift, the FemiLift Smart, a new robotic probe for the faster and precise treatment of feminine health concerns