Surgical Lasers Market Size, Share, Latest Business Trends, And Qualitative Insights By 2028

The Surgical Lasers Market report outlines the evolution of Surgical Lasers Market by type, applications and identifies and assesses the best performing vendors in the market till 2028. Market reports present the revenue opportunities in the Market through 2022-2028, highlighting the market size and growth by technology, geography, vertical and end users.

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The surgical lasers market is expected to grow from US$ 3,863.46 million in 2022 to US$ 6,031.09 million in 2028, with an estimated CAGR of 7.7% from 2022 to 2028.

The use of lasers in the surgical industry has been flourishing rapidly over the years. The demand for technologically advanced laser products has been substantially growing. The global surgical lasers industry players are experiencing a higher demand for LASIK post-pandemic. Rapid advancement in laser technology and the high prevalence of vision impairment will foster the global surgical lasers market growth through 2028. As per the World Health Organization (WHO), over 2.2 billion people have a distance or near vision impairment globally. This factor could proliferate the need for LASIK eye surgery, which accounts for 90-95% of all laser vision correction surgeries. Developments in laser technology designed to target serious ailments like cancer will also add impetus to the industry expansion. In 2021, the Engineering and Physical Sciences Research Council provided a US$ 1.6 million fund to the Heriot-Watt University in Edinburgh for developing a new laser system to help surgeons distinguish and remove cancer cells without damaging nearby tissues. Such noteworthy investments in the treatment of targeted diseases will also fuel the requirement for surgical lasers machines in the coming years.

The prominent/emerging players in the Surgical Lasers Market research include:

Lumenis Be Ltd
Cynosure
Alma Lasers
Abbott
Boston Scientific Corporation
IPG Photonics Corporation
Spectranetics Corporation (Koninklijke Philips N.V.)
biolitec AG
BISON MEDICAL
Fotona

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Market Segmentation

The global surgical lasers market is segmented based on type, procedure, and application. Based on type, the market is segmented into carbon dioxide (CO2) lasers, argon lasers, ND:Yag (Neodymium:Yttrium-Aluminum Garnet) lasers, diode lasers, and other surgical lasers connected sensors. In terms of the procedure, the market is segmented into open surgery, laparoscopic surgery, and percutaneous surgery. Further, based on application, the market is segmented into ophthalmology, dermatology, dentistry, urology, cardiology, gynecology, oncology, and other applications.

Company overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Product benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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This release was published on openPR.