Global Surgical Lasers Market Analysis 2023-2029: Industry Scope, Share, Emerging Trends, & Forecast

Market Overview:

The Surgical Lasers Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
The term "surgical lasers" describes the application of lasers during a surgical procedure. Lasers are described as objects that produce light using an optical amplification technique based on the electromagnetic radiation's stimulated emission. Surgical lasers employ a laser to cut tissues in addition to other surgical procedures, in contrast to traditional surgeries that use a scalpel. Surgical lasers can have a variety of effects, including photochemical, photomechanical, photothermal, and photoablative effects.

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Market Dynamics

Driver:

The rising prevalence of vision impairment and the quick development of laser technology will drive the worldwide surgical lasers market trends through 2028. Over 2.2 billion people worldwide have a distance or near visual impairment, according to the WHO. This element might increase demand for LASIK eye surgery, which makes up 90%-95% of all laser vision correction procedures. The development of laser technology to treat critical illnesses like cancer will also spur industrial growth.

Opportunities:

Lasers have been used successfully to treat a variety of vascular abnormalities, including facial telangiectasias, haemangiomas, pyogenic granulomas, Kaposi sarcoma, and poikiloderma of Civatte. Developments in laser technology over the past 20 years have transformed how it is used to treat a variety of skin conditions and congenital deformities, including vascular and pigmented lesions, as well as to get rid of wrinkles, scars, and tattoos. According to the International Society of Aesthetic Plastic Surgery (ISAPS), 240,213 micro-ablative resurfacing operations and 1,837,052 laser hair removal procedures were carried out globally in 2020. To resurface and rejuvenate skin, a variety of laser and light technologies are available. As a result, more people are becoming aware of dermatological procedures, which is expected to present an opportunity over time.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Product
• Argon Laser
• Carbon Dioxide Laser
• Neodymium: Yttrium-Aluminum-Garnet Laser
• Others

By Application
• Oncology
• Ophthalmology
• Urology
• Cardiology
• Others

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Regional Analysis in Surgical Lasers Market
It is anticipated that North America will hold a significant market share in the market for surgical lasers as a result of the growing elderly population, the increasing prevalence of chronic diseases, the rising level of awareness among the general population, and the presence of several cosmetic laser manufacturers. In addition, the growing demand for cosmetic operations in the United States, which aim to improve a person's appearance by reshaping and enhancing their body structure, is anticipated to encourage the expansion of the industry that has been researched.
It is anticipated that Asia-Pacific will experience significant growth as a result of the increasing demand for minimally invasive surgical treatment, the increased expenditure on healthcare infrastructure, the rising number of government initiatives to improve healthcare facilities, and the rise in personal disposable income in the region.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Surgical Lasers Market
• Cynosure Inc. (United States)
• Lumenis Ltd. (Israel)
• Candela Corporation (United States)
• Cutera, Inc. (California, United States)
• Lutronic Corporation (South Korea)
• El.En Group (Italy)
• Fotonad.o.o (Europe)
• Alcon (Switzerland)
• Biolase(United States)
• Asclepion Laser Technologies GmbH (Germany)
• BISON MEDICAL (South Korea) and Other Major Players

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Key Industry Development in The Surgical Lasers Market
In March 2022, Lumenis and Baring Private Equity Asia announced today that they have reached a definitive agreement to sell the Lumenis Surgical Business to Boston Scientific for USD 1.07 billion, subject to closing adjustments. In Urology and ENT, the Surgical Business comprises laser and fiber technologies for less invasive surgical treatments.
In September 2020, Meridian MR Q and MR Q supine YAG lasers were launched by Haag-Streit UK (HS-UK) in U.K. The MR Q is a fully integrated YAG laser that uses cutting-edge technology to perform posterior capsulotomy, pupillary membranectomy, and iridotomy procedures. According to Haag-Streit UK, the laser has excellent usability, with a quick start-up time and an easy-to-use touch-screen interface. The user can choose between anterior and posterior offset on one screen, ensuring a smooth operation. The analog rotary knobs on both sides of the laser head, such as laser power and aiming beam brightness, enable a suitable working position for both left and right-handed users.

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Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
•How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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