According to the WHO, urinary tract infections (UTIs) are considered the most common bacterial infection. UTIs affect 150 million people worldwide annually, resulting in more than 6 billion dollars in direct healthcare costs. However, the most advanced methods can treat urological conditions like laser technology. Laser technology is based on the ability of a device to emit a narrow beam of highly focused light. The laser medium defines the wavelength in each LASER (Light Amplification by Stimulated Emission of Radiation) system. Parallel radiation from the device makes it easy to focus on a target due to its small focus and high intensity. Urology lasers are the medical devices or components used to excision tumors in the urethra, bladder, ureter, and kidneys. Urology lasers emit a tiny beam of light, offering an accurate, precise, and painless surgical treatment.
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Data Bridge Market Research analyses that the Urological Laser Market is expected to grow at a CAGR of 5.7% from 2023 to 2030 and is expected to reach USD 1,637,949.81 thousand by 2030. The high adoption of laser treatment for urological conditions is projected to propel the market's growth as they create new opportunities for urological conditions.
Key Findings of the Study
The rising number of patients related to urology disorders globally is expected to drive the market's growth
Urological conditions affect people of various age groups and are among the most common clinical conditions in geriatric patients. The incidence and prevalence of many urologic conditions increase with passing age. The senior population is increasing rapidly compared to other age groups. As population demographics continue to shift, there will be an increasing need for urologic practitioners with expertise in geriatrics and aging. The conditions may lead to disability and impaired quality of life. The common urological conditions are urinary continence, urolithiasis, urological cancer, and prostate cancer.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable 2016- 2020)
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Quantitative Units
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Revenue in Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Laser Type (Holmium Yttrium Aluminum Garnet (Ho:Yag), Thulium Yttrium Aluminum Garnet (Thu:Yag), Neodymium-Doped Yttrium Aluminum Garnet (Nd:Yag), Potassium Titanyl Phosphate Yttrium Aluminum Garnet (Ktp:Yag), Diode Laser, Erbium: Yttrium Aluminum Garnet Laser, Lithium Borate, and Others), Modality (Portable and Standalone), Application (Urolithiasis, Benign Prostatic Hyperplasia (BPH), Partial Kidney Resection, Removal of Kidney Stones, Urethral Strictures, Tumors, and Others), End User (Hospitals, Urological Clinics, Ambulatory Surgical Centers, and Others), Distribution Channel (Direct Tender, Retails Sales, Online Sales, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Colombia, Peru, Chile, Ecuador, Uruguay, and rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, Kuwait, Qatar, Nigeria, and Rest of Middle East and Africa
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Market Players Covered
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Boston Scientific Corporation (U.S), Cook (U.S), Olympus Corporation (Japan), Coherent, Inc. (U.S.), Dornier MedTech (Germany), Richard Wolf GmbH (Germany), OmniGuide Holdings, Inc. (U.S), BD (U.S.), Allengers (India), Quanta System (Italy), Gigaalaser (China), EMS Urology (Suisse), Convergent Laser Technologies (U.S.), Trimedyne, Inc, (U.S.), Limmer Laser GmbH (Germany), MONOCROM (Spain), INTERmedic Arfran (Spain), Advin Healthcare (India), Rocamed (Italy), Hyperphotonics (Italy), BISON MEDICAL (Seoul), Biolitec AG (Austria), Surgical Lasers Inc. (Canada), Potent Medical (China), Healthware Pvt Ltd (India), and Unique Medical Devices (India) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The urology laser market is segmented based on laser type, modality, application, end user, and distribution channel.
- On the basis of laser type, the urology laser market is segmented into holmium yttrium aluminum garnet (Ho:Yag), thulium yttrium aluminum garnet (Thu:Yag), neodymium-doped yttrium aluminum garnet (Nd:Yag), potassium titanyl phosphate yttrium aluminum garnet (Ktp:Yag), diode laser, erbium: yttrium aluminum garnet laser, lithium borate and others. In 2023, holmium yttrium aluminum garnet (Ho:Yag) segment is expected to dominate the urology laser market with 29.83% market share due to the procedure is done without any incisions, effective for a patient with multiple stones and can also be used in patients who are on blood thinner medications.
- On the basis of application, the market is segmented into urolithiasis, benign prostatic hyperplasia (BPH), partial kidney resection, removal of kidney stones, urethral strictures, tumors, and others. In 2023, the urolithiasis segment of this market will dominate the urology laser market with 32.67% market share owing to the increasing urological problems.
In 2023, the urolithiasis segment of the application segment is anticipated to dominate the urology laser market
- On the basis of modality, the global urology laser market is segmented into portable and standalone. In 2023, the portable segment is expected to dominate the market with a 60.93% market share because it provides safety.
- On the basis of end user, the urology laser market is segmented into hospitals, urological clinics, ambulatory surgical centers, and others. In 2023, the hospitals segment holds the 45.05% market share as more patients prefer to visit hospitals for urinary-related problems.
In 2023, the hospitals segment is projected to hold the largest share of end user segment in the urology laser market
- On the basis of distribution channel, the global urology laser market is segmented into direct tender, retail sales, online sales, and others. In 2023, the direct tenders segment is expected to dominate the market with a 44.32% market share as most of the products related to advanced laser urological surgery are directly distributed to various places such as hospitals, urological clinics, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major urology laser market players in urology laser market are Boston Scientific Corporation (U.S), Cook (U.S), Olympus Corporation (Japan), Coherent, Inc. (U.S.), Dornier MedTech (Germany), Richard Wolf GmbH (Germany), OmniGuide Holdings, Inc. (U.S), BD (U.S.), Allengers (India), Quanta System (Italy), Gigaalaser (China), EMS Urology (Suisse), Convergent Laser Technologies (U.S.), Trimedyne, Inc, (U.S.), Limmer Laser GmbH (Germany), MONOCROM (Spain), INTERmedic Arfran (Spain), Advin Healthcare (India), Rocamed (Italy), Hyperphotonics (Italy), BISON MEDICAL (Seoul), Biolitec AG (Austria), Surgical Lasers Inc. (Canada), Potent Medical (China), Healthware Pvt Ltd (India), and Unique Medical Devices (India) among others.
Market Developments
- In April 2023, RIWOlink, the newly formed Richard Wolf subsidiary for all Digital Products in and around the OR, and Sony Healthcare Solutions Europe (HSE) joined forces in developing advanced OR Integration technology. This has helped the company to expand its product portfolio.
- In September 2022, Dornier MedTech announced the acquisition of a majority interest in Wikkon, strengthening its market and leading position in urology medical devices. This increased the overall business expansion toward the other regions.
- In August 2022, Coherent announced in their news section that the Multiwavelength laser engines combine laser sources with pre-aligned and stabilized free-space focusing optics or integrated fiber delivery systems, simplifying alignment and integration tasks for fluorescence microscopists and flow cytometry OEMs. This product upgradation improved the patient's life, increasing the product revenue and expanding the company's global presence.
- In March 2021, BOSTON SCIENTIFIC CORPORATION announced that it had entered into a definitive agreement with an affiliate of Baring Private Equity Asia (BPEA) to acquire the global surgical business of Lumenis LTD. Boston Scientific has had a relationship with Lumenis for more than 20 years and currently sells its portfolio in the U.S. and Japan through a distribution arrangement. Boston Scientific sells these lasers, fibers, and the otolaryngology laser portfolio to all the regions.
- In June 2020, Olympus Corporation, a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, announced the commercial launch of the Soltive SuperPulsed Laser System (Soltive Laser System), a new application of thulium fiber laser technology designed for stone lithotripsy and soft tissue applications. This helps the organization in developing annual revenue.
Regional Analysis
Geographically, the countries covered in the urology laser market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Colombia, Peru, Chile, Ecuador, Uruguay, and rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, Kuwait, Qatar, Nigeria, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in the urology laser market during the forecast period 2023 - 2030
In 2023, North America dominated the urology laser market owing to the higher level of investments by U.S. manufacturers and the increasing prevalence of urinary disorders in the U.S. North America will continue to dominate the urology laser market in terms of market share and market revenue, and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced laser technology for urological treatment in this region. Additionally, the increasing number of cases of urinary disorders and the rising geriatric population is expected further to enhance the market's growth rate in this region.
North America is estimated to be the fastest-growing region in the urology laser market in the forecast period 2023 - 2030
North America is expected to grow during the forecast period due to the presence of major market players and the rapid development of medical facilities in emerging economies in this region. In addition, rising healthcare expenditure for urinary disorders and increasing per-capita income are expected to propel the market's growth rate in this region.
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