The 2022 global size for urology lasers market reached USD 996.6 billion and is anticipated to experience a 6.0% Compound Annual Growth Rate (CAGR) in revenue, as outlined in the latest report from Reports and Data.
The upswing in the adoption of minimally invasive surgery and the increasing demand for advanced surgical procedures are key contributors to the revenue surge within the urology laser market.
Moreover, the introduction of Ho: YAG and Thulium fiber lasers, along with ongoing technological advancements in the laser field, is driving the market's revenue growth. These lasers contribute to heightened surgical precision, safety, and efficacy, resulting in quicker operation times, shorter hospital stays, and improved patient outcomes. The growing demand for laser-based surgical treatments like laser lithotripsy and laser prostatectomy is a significant driver of revenue growth in the urology laser market.
Additionally, the aging global population and the rising prevalence of urological disorders are expected to further propel revenue growth in the coming years. The World Health Organization (WHO) projects that by 2050, there will be 2 billion individuals aged 60 or older globally, with a considerable portion of them experiencing urological disorders.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- Lumenis
- Holmium Laser Supplies
- Cynosure, Inc.
- El.En. S.p.A.
- Quanta System S.p.A.
- Biolitec AG
- American Medical Systems
- Trimedyne, Inc.
- IPG Photonics Corporation
- SonaCare Medical LLC
Based on Product Type market is segmented into:
- Holmium Laser
- Thulium Laser
- GreenLight Laser
- Others
Based on Application market is segmented into:
- Benign Prostatic Hyperplasia
- Urolithiasis
- Cancer
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
Major Points covered in this report are as below:
- An analysis of Urology Laser industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Urology Laser manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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