Cardiovascular Medical Lasers Market Size, Growth, Market Analysis, Segmentation, And Forecast To 2033

The cardiovascular medical lasers market size has grown exponentially in recent years. It will grow from $0.21 billion in 2023 to $0.31 billion in 2024 at a compound annual growth rate (CAGR) of 46.4%. The growth in the historic period can be attributed to growing demand for minimally invasive cardiovascular procedures, rising prevalence of cardiovascular diseases, rising disposable incomes, growing adoption of telemedicine in cardiology, .

The cardiovascular medical lasers market size is expected to see exponential growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 41.5%. The growth in the forecast period can be attributed to advanced robotics, cardiovascular research, aging population, personalized cardiovascular care, expansion of interventional cardiology. Major trends in the forecast period include advanced laser fiber technology, ai-powered telehealth, smart laser systems, laser-induced regeneration, sustainable laser technologies, integration of advanced imaging.

Market Overview -
Cardiovascular medical lasers are used in the treatment of medical conditions related to the heart. These lasers are commonly used during transmyocardial laser revascularization.

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Rising Cardiovascular Diseases Drive Demand For Cardiovascular Medical Lasers
The rising prevalence of cardiovascular diseases is expected to drive the cardiovascular medical laser market. The increased prevalence of cardiovascular diseases can be attributed to the increase in smoking, physical inactivity, and an unhealthy diet. For instance, in May 2023, according to the Centers for Disease Control and Prevention, a US-based public agency, coronary artery disease (CAD) was responsible for killing 375,476 people in 2021, and about 1 in 20 adults age 20 and older had CAD. In addition, about 2 in 10 deaths from CAD happen to adults less than 65 years old. Therefore, the increasing prevalence of cardiovascular diseases is expected to drive the growth of the cardiovascular medical lasers market.

Competitive Landscape -
Major companies operating in the cardiovascular medical lasers market include Boston Scientific Corporation, Cardiovascular Systems Inc., AngioDynamics Inc., Koninklijke Philips N.V., RA Medical Systems Inc., Abbott Laboratories Inc., Alma Lasers Inc., B. Braun Melsungen AG, Bausch + Lomb Incorporated, Biolase Inc., Candela Medical Corporation, Cutera Inc., DEKA Research & Development Corporation, Edwards Lifesciences Corporation, EUFOTON S.P.A., Fotona d.d., Gigaa Laser Group, IRIDEX Corporation, Lumenis Ltd., Medtronic Inc., Novartis AG, PhotoMedex Inc., Quanta System S.p.A, Sciton Inc., Stryker Corporation, Terumo Corporation, TransEnterix Inc., Vascular Solutions Inc., Zimmer Biomet Holdings Inc.

Cardiovascular Medical Laser Manufacturers Invest In New Technologies For Faster And More Efficient Treatment
Cardiovascular medical laser manufacturers are constantly investing in technologies for faster diagnosis and efficient treatment of heart conditions. Areas of technological advances include new wavelengths, more rugged setups, lower-cost systems, and other advancements are being combined with minimally invasive techniques. FDA cleared Ra Medical's vascular products including cardiovascular lasers that can be used to treat peripheral arteries and veins. The laser works at 308-nanometer wavelength, which breaks chemical bonds and decomposes the blockage into its part, thereby reducing the risk for the patient.

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Key Segments -
The cardiovascular medical lasers market covered in this report is segmented -
1) By Type: Excimer Laser, Carbon Dioxide Laser
2) By Application: Laser Vascular Anastomosis, Transmyocardial Laser Revascularization, Laser Angioplasty For Peripheral Arterial Diseases
3) By End Use: Hospitals, Specialty Clinics, Ambulatory Surgery Centers

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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