Global Surgical Lasers Market: Increasing demand for minimally invasive procedures will enhance the demand for the market in the forecast period in the 2019-2026

Surgical Lasers Market

Surgical laser is a method of surgery that uses a laser beam technology so they can create bloodless cuts in tissue or can remove a skin tumor-like surface lesion. They are strong light beams created by a particular material which are electrically stimulated. Some of the common types of the laser which are used the argon laser, the YAG laser, the CO2 laser, the excimer laser, and the diode laser. There are different laser beams which are designed for the different purposes. These surgical lasers are widely used for application such as gynecology, cardiology, oncology, ophthalmology, urology, and other.

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Some of the factors which are responsible for the growth of the surgical lasers market in the forecast period of 2019- 2026 are:

  • Increasing number chronic diseases such as ophthalmic disorders: Chronic disease is a condition or disease which can last for more than 3 months and it get worse with the time. Some of the common types of the chronic diseases are cancer, diabetes, heart diseases, and other. Ophthalmic diseases are those conditions which are related to eyes. Some of the common ophthalmic disorders such as dry eyes, glaucoma, low vision rehabilitation, optic neuritis, cataracts, retinoblastoma, and other. These chronic diseases are very common among ageing population and affect the life of the people.
  • Adoption of minimally invasive surgeries: There is increase in demand for the minimally invasive surgeries among population because of the advantages offered by them. They offer advantages such as small incisions, less pain and scars, and faster recovery. The main factor people are demanding for these surgeries because they provide less discomfort and pain after the surgery. As compared to the conventional surgery procedure they are more accurate as they uses camera so they provide better visualization to the surgeons.

The Global Surgical Lasers Market is segmented on the basis of type as carbon dioxide (CO2) lasers, argon lasers, diode lasers, ND: YAG (neodymium: yttrium-aluminum-garnet) lasers, and other surgical laserr; procedure type as open surgery, laparoscopic surgery, percutaneous surgery; application as ophthalmology, dentistry, dermatology, urology, gynecology, cardiology, oncology, and other applications and end user as hospitals, clinics, and others.

Few of the launches and acquisition by some prominent players in the surgical lasers market are:

  • In August 2018, OmniGuide announced the acquisition of Lisa Laser Products OGH. Lisa Laser's portfolio of electrically quiet, precise surgical therapies is closely aligned with the objective of OmniGuide to support patients by maintaining healthy tissue during surgery. This acquisition will help the company to integrate their thulium and holmium laser technologies with OmniGuide’s CO2 lasers.
  • In April 2015, SPI Lasers announced the acquisition of JK Lasers. This acquisition will help the company to enhance their high power Fiber Laser portfolio. With this the company will be able to strengthen their position in the fiber laser market and enhance their global reach.

Surgical lasers market is expected to register a substantial CAGR of 6.3% in the forecast period of 2019-2026

Some of the major players operating in global surgical lasers market Abbott, Boston Scientific Corporation, BISON MEDICAL, Biolitec AG, Alma Lasers, Photomedex, Inc., Lumenis , Biolase Inc., IPG Photonics Corporation, Koninklijke Philips N.V., Cutera, BISON MEDICAL, Spectranetics, Fotona d.o., CryoLife, Inc., Ellex, Danaher, Carl Zeiss AG, Bausch Health and Quanta System among others.

Rising cases of chronic diseases and increasing demand for minimally invasive surgeries among population will drive the market growth. There is also increasing prevalence of ophthalmic disorders which is also expected to enhance market. Availability of advanced surgical lasers technologies will also drive the market growth. Increasing public- private funding and investment will also propel the market growth. On the other hand, rising healthcare expenditure, increasing aging population, growing cardiovascular diseases, and increasing cases of cancer will further create new opportunities for the market in the forecast period of 2019- 2026

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