Urology Medical Lasers Market Size, Status and Growth Outlook 2021 to 2030: Olympus Corporation, Ethicon Inc., Stryker Corporation, Boston Scientific Corporation

Global Urology Medical Lasers Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Urology Medical Lasers market size, demand and revenue. The current Urology Medical Lasers market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global urology medical lasers market is expected to grow from $0.871 billion in 2020 to $0.917 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.148 billion in 2025 at a CAGR of 6%.

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Scope of this Report:

Markets Covered:1) By Laser Type: Holmium Laser System; Diode Laser System; Thulium Laser System; Others 2) By Application: Benign Prostatic Hyperplasia (BPH); Urolithiasis; Non-Muscle-Invasive Bladder Cancer (NMIBC); Others 3) By End User: Hospital; Clinic; Other
Companies Mentioned:Olympus Corporation; Ethicon Inc.; Stryker Corporation; Boston Scientific Corporation; Richard Wolf GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Industry News:

In April 2018, Olympus Corporation, Japan-based manufacturer of innovative technology solutions for medical and surgical procedures, acquired Lithotripsy system design and production technology from Cybersonics, Inc. for an undisclosed amount. The acquisition is expected to help Olympus Corporation to expand manufacturing and enhancing treatment for stone disease and enable the company to improve clinical outcomes, reduce costs, and enhance the quality of life of patients. Cybersonics, Inc. is a USA-based company engaged in designing and developing medical devices that utilize ultrasonic energy. The medical devices developed by the company include high power ultrasonic systems used in the field of neurosurgery, urology, and peripheral vascular surgery.

Executive Summary:

Growing urological cases including bladder cancer and prostate diseases among others are boosting the demand for minimally invasive surgeries and related devices. According to the American Institute for Cancer Researchs statistics on bladder statistics, bladder cancer is the sixth most common cancer in men and the 17th most common cancer in women with almost 550,000 new cases in 2018, globally. The surge in urological diseases and conditions increases the demand for urological surgeries and supports the growth of the urology medical lasers market.
Low healthcare expenditure in developing economies restrains the urology medical lasers market. The healthcare expenditure in emerging countries is low, limiting access to healthcare facilities. For instance, in 2018, healthcare expenditure as a percentage of gross domestic product (GDP) in Indonesia and India was 3.1% and 3.6% respectively in comparison with 16.9% in the USA. The low healthcare expenditure is likely to limit the growth of the urology medical lasers market in developing economies.

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Regional Analysis For Urology Medical Lasers Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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