Urology Surgery Laser Market 2021 Precise Outlook- EMS Electro Medical Systems, Medency, Quanta System, Hyper Photonics

The Latest report about the Urology Surgery Laser market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Urology Surgery Laser market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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Urology Surgery Laser Market was valued at approximately USD 944.79 million in 2020 and is expected to witness a revenue of USD 1,295.24 million in 2026, with a CAGR of 5.51% over the forecast period.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: EMS Electro Medical Systems, Medency, Quanta System, Hyper Photonics, Lumenis, StarMedTec, Jena Surgical, Convergent Laser Technologies, COOK Medical

News and Updates

Olympus Launches the Soltive SuperPulsed Thulium Fiber Laser System for Urology- Olympus Corporation®, a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, announces 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. The Soltive Laser System is 510(k) cleared by the U.S. FDA and CE (Conformité Européene) Mark approved by the responsible European Notified Body, and it is immediately available in the U.S., Canada, Europe, and select countries in the Middle East and Africa. 

Lumenis Launches Next-Generation MOSES™ 2.0 Holmium Laser Technology- Lumenis Ltd., the world’s largest energy-based medical device company for aesthetic, surgical and ophthalmic applications, today announced the launch of MOSES 2.0, the next generation of the versatile, patented MOSES platform that is redefining urology care. MOSES 2.0 builds on the already clinically proven advantages of the MOSES technology platform to continue to push the boundaries in terms of procedure outcomes, efficiency and economics.

Market Overview

North America currently dominates the market for urology laser devices and is expected to continue its stronghold for a few more years owing to the increasing prevalence of urolithiasis, BPH, and other urology-related disorders. The United States is expected to be the largest market for urology lasers in the North American region owing to the increasing prevalence of urological disorders, such as bladder cancer and urinary incontinence, and the rising preference for minimally invasive procedures due to less operative time and fewer complications.

The emergence of novel technologies, along with their adoption, is helping the market studied to grow in the United States. The rising healthcare expenditure is the prime factor responsible for the growth of the healthcare sector in the country. According to the American Cancer Society, the estimated new cases of bladder cancer in Americans in 2020 were around 81,400 (Men: 62,100, Women: 19,300) and about 17,980 deaths occurred due to it in the United States.

According to the US Census Bureau 2019 estimates, the 65 and older population increased by 3.2% from 2018 to 2019, and it is expected to rise from around 56 million in 2020 to 94 million by 2060. The older population is often susceptible to urological diseases, especially urinary incontinence, which is propelling the market growth. Laser therapy seems to be a promising alternative approach to urinary incontinence in women. The country has well-established companies that are continuously engaged in the development of new products. In 2019, the Litho EVO laser system developed by Quanta System received a US FDA (United States Food and Drug Administration) approval for use in urological surgeries. Hence, the aforementioned factors are expected to contribute to the growth of the urology laser market in the region.

The demand for lasers in urology is rising due to the increasing preference for minimally invasive surgeries as these procedures reduce morbidity, dysfunction, and have the ability to ablate prostate tissue with minimal hemorrhage or bleeding. They also offer advantages such as quicker recovery from surgery, lower risk of bleeding, and enable a shorter bladder catheterization time, sometimes even eliminating the need for bladder catheterization completely. These procedures are also characterized by more stable outcomes and lower number of reoperations. Lasers are used for the treatment of various urological disorders such as Benign Prostatic Hyperplasia (BPH) and urolithiasis. According to the American Urological Association, around 8.8% of the U.S. population are affected by urinary stones. Thus, increasing prevalence of urological disorders such as urolithiasis, nephrolithiasis, and BPH are also contributing toward market growth.

Urology Surgery Laser Market Segmentation:

Breakdown Data by Type

Prostate Surgery Laser

Stone Surgery Laser

Other

Urology Surgery Laser Breakdown Data by Application

Hospital

Specialist Clinic

Other

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Urology Surgery Laser market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Urology Surgery Laser industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Urology Surgery Laser market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Urology Surgery Laser Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Urology Surgery Laser market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Urology Surgery Laser market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Urology Surgery Laser Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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