Global Urology Laser Market, By 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) - Industry Trends and Forecast to 2030.
Urology Laser Market Analysis and Insights
The global urology laser market is expected to develop due to the rising number of patients related to urology disorders globally and an increased inclination towards non-invasive surgeries. The increase in product approval and research and development actives for urology laser devices also influence the market. However, the global urology laser market is expected to be hampered by the high cost of urology laser devices and procedures, safety concerns and adverse effects associated with laser procedures, and a lack of awareness about the treatment from laser devices.
Additional technological advancements in laser technology and strategic initiatives by emerging players are expected to act as opportunities for market growth. However, stringent regulations and a lack of skilled professionals challenge market growth.
The demand for the urology laser market has increased in both developed and developing countries, and the reason behind this is the efficient laser tissue interaction delivered by these systems. Thus, many market players are offering urology laser products with innovations that pave the way for the growth of the global urology laser market.
Data Bridge Market Research analyzes that the global urology laser market will grow at a CAGR of 5.7% from 2023 to 2030.
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable 2016- 2020) |
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Quantitative Units |
Revenue in Thousand, Volumes in Units, Pricing in USD |
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Segments Covered |
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 |
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 |
Coherent, Inc., Advin Urology, MONOCROM, Unique Medical Devices, BISON MEDICAL, Rocamed, Dornier MedTech, Limmer Laser GmbH, Trimedyne, Inc, Gigaalaser, Hyperphotonics, INTERmedic Arfran, Olympus Corporation, Boston Scientific Corporation, Cook, OmniGuide Holdings, Inc., and Allengers among others |
Market Definition
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.
Currently, the most commonly used lasers in urology are Ktp:Yag (Potassium titanyl phosphate), Lbo:Yag (lithium borate), diode lasers, Holmium (Ho):Yag, and Thulium (Tm):Yag lasers.
Global Urology Laser Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Rising Number of Patients Related to Urology Disorders Globally
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.
Increasing cases of urology disorders have positively impacted the demand for laser devices. Thus, the rising number of patient-related with urology disorders is expected to drive market growth in the forecast period.
- Rising Research and Development Activities for Urology Laser Devices
Research & development is crucial in all industries, including the healthcare industry. The healthcare industry conducts extensive research and development to generate revenue, often resulting in lives by saving or enhancing a patient's life.
Research and development (R&D) is a prerequisite opportunity for market players to discover new techniques for developing urology lasers. The market players focus on creating urology lasers to fulfill unmet medical needs.
In recent years, laser techniques have become an increasingly popular treatment method for patients with benign prostatic hyperplasia, bladder tumors, urolithiasis, urinary tract strictures, or lesions of the external genitalia, which increase research and development of urology laser devices. Hence, R&D collaborates with market players to invest in expected costs for novel urological laser devices in the forecast period.
Opportunity
- Technological Advancements in Laser Technology
Technological advancement is considered the major driver for the urology laser market. Urology laser is convenient and effective for treating prostatic hyperplasia, bladder tumors, and urolithiasis.
Thus, the urology laser holds major importance in the treatment market. Furthermore, it is also used to inspect and treat cysts, tumors, or abnormal tissues in the urinary system. The key market players have made new advancements in the laser market to meet the desired disease treatment needs.
During early history, the understanding of urology and diseases swiftly expanded. While primitive urologists propagated the idea of using urine as a therapeutic substance, modern urologists found the idea of removing a kidney remotely by applying technological developments such as next-generation MOSES 2.0 Holmium laser technology.
The surge in technological applications for urology laser devices would result in less workforce, swift treatment, and recovery of urological diseases. In the future, the laser technique will replace manual urology devices. Laser devices reduce the use of surgical instruments. Thus it is expected to act as an opportunity for market growth in the forecast period.
- Strategic Initiatives by Emerging Players
The major players are trying to devise specific strategies, such as product launches, acquisitions, approvals, expansions, and partnerships, to ensure the smooth running of the business, avoid risks, and increase the long-term growth in the sales of the market. This proportionally helps to increase consumer demand for products and thus increases sales in the future.
Urology laser device demand is increasing due to technological advances and the increasing incidence of urology disorders worldwide. The top market players have implemented certain programs aimed at increasing the operation and profitability of the urology laser market. The companies have adopted specific strategies such as acquisitions, partnerships, product orders, and other methods to create opportunities in the international market for urology laser devices.
These strategic initiatives by the market players, including acquisition, conferences, and focused segment product launches, are helping the companies grow and improve the company's product portfolio, ultimately leading to more revenue generation. Hence, these strategic initiatives by the market players provide an opportunity to drive market growth in the forecast period.
Restraint/Challenge
- High Cost of Urology Laser Device and Procedure
Urology laser devices can be expensive to manufacture and purchase, and the procedure cost can also be high due to the specialized equipment and training required. This can limit the accessibility of urology laser treatments for patients and healthcare facilities, particularly in lower-income regions. Additionally, the high cost of urology laser devices and procedures may deter some patients from choosing these treatments, especially if they have to pay out of pocket. Insurance coverage for urology laser treatments can also be limited, limiting their adoption.
As a result, the high cost of urology laser devices and procedures can be a significant barrier to the growth of the global urology laser market, especially in regions where cost is a major factor. However, as technology advances, the cost of these devices and procedures may decrease, making them more accessible to patients and healthcare facilities.
The increased intricacy of urology laser devices and the high cost of urology laser treatment is expected to restrain the market growth in the forecast period.
Recent Development
- In May 2022, OmniGuide Holdings announced that the U.S. Food and Drug Administration cleared its upcoming product RevoLix HTL a family of pulsed and continuous wave Thulium YAG lasers, therefore a foundation of RevoLix Therapy for urology patients undergoing BPH and Stone Management procedures With the FDA's clearance of a standalone reader, the company will have expected to generate more revenue.
Global Urology Laser Market Scope
The urology laser market is categorized into five notable segments, which are laser type, modality, application, end user, and distribution channel. The growth amongst these segments will help you analyze market growth segments in the industries and provide the user with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
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
- Others
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.
Modality
- Portable
- Standalone
On the basis modality, the urology laser market is segmented into standalone and portable.
Application
- Urolithiasis
- Benign Prostatic Hyperplasia (BPH)
- Partial Kidney Resection
- Removal of Kidney Stones
- Urethral Strictures
- Tumors
- Others
On the basis of application, the urology laser market is segmented into 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
- Others
On the basis of end user, the urology laser market is segmented into hospitals, urological clinics, ambulatory surgical centers, and others.
Distribution Channel
- Direct Tender
- Retail Sales
- Online Sales
- Others
On the basis of distribution channel, the urology laser market is segmented into direct tender retail sales, online sales, and others.
Global Urology Laser Market Regional Analysis/Insights
The global urology laser market is analyzed, and market size insights and trends are provided based on type, modality, application, end user, and distribution channel.
The countries covered in this market report are the 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 the rest of the Middle East and Africa.
North America is expected to dominate the global urology laser market due to the increasing research in the urology laser and development field. The U.S. is expected to dominate the market due to the rise in healthcare expenditure and the high prevalence of urology diseases. Germany is expected to dominate Europe due to the increasing technology and reliability of healthcare services. The demand in this region is projected to be driven by a rise in urology diseases with the growing integration of healthcare data with portable devices. Japan is expected to dominate the Asia-Pacific region due to the country's exponential awareness of laser devices and consultancy services.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges due to large or scarce competition from local and domestic brands and the impact of domestic tariffs and trade routes are considered while providing a forecast analysis of the country data.
Competitive Landscape and Global Urology Laser Market Share Analysis
The urology laser market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the market.
Some of the major players in the global urology laser market are Coherent, Inc., Advin Urology, MONOCROM, Unique Medical Devices, BISON MEDICAL, Rocamed, Dornier MedTech, Limmer Laser GmbH, Trimedyne, Inc, Gigaalaser, Hyperphotonics, INTERmedic Arfran, Olympus Corporation, Boston Scientific Corporation, Cook, OmniGuide Holdings, Inc., and Allengers among others.
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