Global Urology Medical Lasers Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Olympus Corporation, Boston Scientific Corporation, Lumenis Ltd., Richard Wolf GmbH

"The urology medical lasers market size has grown steadily in recent years. It will grow from $1.01 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to rapid technological advances, increased healthcare expenditure, rapid growth in elderly population, public health insurance reforms and strong economic growth in emerging markets..

The urology medical lasers market size is expected to see strong growth in the next few years. It will grow to $1.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to an increase in mergers and acquisitions, an increase in r&d and innovations, and government initiatives will drive the growth. . Major trends in the forecast period include emergence of novel technologies, use of big data and artificial intelligence, innovative laser treatments for benign prostatic hyperplasia, and use of fiber-optics in laser technology..

Market Overview -
Urology medical lasers are used in the treatment of medical conditions related to the urinary system such as urinary stones, benign prostatic hyperplasia (BPH).

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Urology Medical Lasers Market Thrives Amid Rising Urological Disorder Cases
Rising cases of urological disorders contribute to the demand for the urology medical lasers market. 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 Research's statistics on bladder statistics, bladder cancer is the sixth most common cancer in men and the 17th most common cancer in women. The surge in urological diseases and conditions increases the demand for urological surgeries and supports the growth of the urology medical lasers market.

Competitive Landscape -
Major companies operating in the urology medical lasers market report are Olympus Corporation, Boston Scientific Corporation, Lumenis Ltd., Richard Wolf GmbH, Quanta System S.p.A., Stryker Corporation, OmniGuide Holdings Inc., Convergent Laser Technologies, Biolitec AG, Allengers Medical Systems Limited, Changzhou Meditech Trading Co. Ltd, Shuzhou Sunan Zimmered Medical Instrument Co. LTD, Narang Medical Limited, Atlas Surgical, Auxein Medical, Seikagaku Corporation, Anatomics, SignatureOrtho, Fresenius Medical Care AG & Co, KARL STORZ, EndoMed Systems GmbH, Dornier MedTech, Braun Melsungen AG, Lisa Laser, IRE-Polus, IPG Photonics Co, Capital Clinic Riga, Nick Mertziotis MDPh.D, Moscow Next Generation Clinic, Private Gürlife Hospital, Warsaw Surgery Clinic, Laser Med Medical Centre, Clinica Tambre, Stereotactic Radiosurgery Center 'SIGULDA', Cook Medical Incorporated, CR Bard, Healthtronics Inc, Surgical Lasers Inc, Medtronic, Aerolase, cutera, Cynosure inc, Sciton inc, Sharplight Technologies, Syneron Medical inc, SoltaMedical inc, Alma Lasers, Euracare.

Quanta System's Litho Evo Holmium Laser Pioneering Advancements In Urology And Surgical Procedures
Major institutes operating in the urology medical lasers market are developing technologies such as Litho EVO holmium laser. Litho EVO is indicated for laparoscopic and endoscopic surgical techniques for lithotripsy and soft tissue procedures in urology, gastroenterology, and general surgery. For instance, in January 2021, Quanta System, an Italian- based company engaged in innovative laser systems for surgery, aesthetics, and art conservation launched the Litho EVO holmium laser available through Cook Medical in the United States, Austria, Germany, France, Ireland, Switzerland, and the United Kingdom. The Litho EVO laser is equipped with Master PULSE and Vapor Tunnel™ technologies, both features exclusive to Quanta branded machines.

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Key Segments -
The urology medical lasers market covered in this report is segmented -
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: Hospitals, Clinic, Others

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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