Surgical Lasers Market Technological Growth, Industry Status, Trends, and Demand with Forecast up to 2026

 

Surgical Lasers Market 

Surgical lasers, rather than surgical implements like a knife, employ specific light beams to execute surgical procedures. During surgery, many types of lasers are employed, each with its own set of purposes. Laser light can be administered constantly or intermittently, and it can be used with fibre optics to treat hard-to-reach parts of the body. Laser surgery is less intrusive and has the benefit of lowering infection risk and promoting rapid recovery.

To cure cancer and other disorders, laser treatment employs high-intensity light. These can be used to decrease or kill tumours or precancerous growths, as well as to treat superficial malignancies like basal cell skin cancer and the early stages of cancers including cervical, penile, vaginal, vulvar, and non-small cell lung cancer. The most common lasers used to treat cancer are carbon dioxide (CO2) lasers, argon lasers, and neodymium: yttrium-aluminum-garnet (Nd:YAG) lasers.

The Surgical Lasers Market has been transformed by high growth potential in developing nations and a growing focus on less invasive operations. The market for surgical lasers is being driven by the rise of the medical tourism sector as a result of the globalisation of the healthcare system. In recent years, the number of Americans travelling overseas for medical treatment has increased steadily. To attract patients, several countries have positioned themselves as medical destinations with high-quality services and cutting-edge technology. Because of the high cost of treatments and procedures in industrialised nations, developing countries are increasingly profiting on the growing demand for medical treatment with better facilities and at a lower cost.

According to Coherent Market Insights, The global Surgical Lasers Market size was valued at US$ 1.4 billion in 2017 and is expected to witness a CAGR of 5.4% over the forecast period (2018 – 2026).

Manufacturers are being pushed to produce technologically improved items and equipment that allow speedier recovery due to rising demand for minimally invasive or noninvasive operations and patient preference for shorter hospital stays. With new product introductions, this is increasing the competitive competition. For example, in July 2018, Candela Corporation got FDA certification for their Vbeam Prima, a Pulsed Dye Laser (PDL) that is used to treat a variety of skin disorders including rosacea, acne, facial, leg, and spider veins, scars, port wine stains, warts, stretch marks, and wrinkles.

A favourable growth element is the rising acceptance of dental lasers due to the surgical benefits and the expanding initiatives taken by developers to enhance awareness. Biolase, Inc. launched steps in February 2018 to increase dental laser knowledge by giving instructional courses in laser dentistry, assisting dentists in providing the best possible treatment to their patients. Growing knowledge of sophisticated aesthetic operations is a key element driving increased acceptability and demand for advanced cosmetic procedures all over the world, in both developed and developing countries. The number of cosmetic operations involving surgical laser technology has increased dramatically in recent years.

The rising prevalence of cardiac, urologic, and gynecologic disorders, as well as product discoveries and approvals, are all contributing to the surgical segment's rise. The SuperPulsed Laser System, manufactured by Soltive Laser System, was released in the United States in July 2020 to help urologists achieve improved stone lithotripsy and soft tissue results. The CO2RE laser was approved by Health Canada in June 2020 for the treatment of Stress Urinary Incontinence (SUI) and the Genitourinary Syndrome of Menopause (GSM) in women. According to an article released in April 2019 by the National Center for Biotechnology Information, urinary incontinence (UI) mostly affects women, affecting 20-30% of young women, 30-40% of middle-aged women, and more than 50% of women in their senior years.

Competitive Landscape of Surgical Lasers Market- Alma Lasers, Abbott Laboratories, Inc., Biolitec AG, BISON MEDICAL Co. Ltd., Boston Scientific Corporation, Cynosure, Inc., Fotona d.o.o., Lumenis, IPG Photonics Corporation, and Spectranetics Corporation.

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