Pulmonology Lasers Market Size, Share, Industry Growth And Forecast 2024-2033

The Business Research Company recently released a comprehensive report on the Global Pulmonology Lasers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The pulmonology lasers market size has grown strongly in recent years. It will grow from $4.62 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to the introduction of laser technology, initial uses of lasers in pulmonology, carbon dioxide lasers, advancements in delivery systems, and techniques such as laser bronchoscopy.

The pulmonology lasers market size is expected to see strong growth in the next few years. It will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to clinical effectiveness, advances in miniaturizing laser equipment, training and education, streamlined regulatory processes and approvals, and patient preference for less invasive procedures. Major trends in the forecast period include precision medicine, cost and accessibility, research in immunotherapy and combination therapies, regulatory and ethical considerations, and minimally invasive treatments.

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Market Drivers and Trends:

The surge in chronic respiratory diseases is expected to propel the growth of the pulmonology laser market going forward. Chronic respiratory diseases encompass long-term conditions that affect the airways and lung structures, leading to breathing difficulties and substantially impacting quality of life. The rise in chronic respiratory diseases is due to factors such as air pollution, smoking, an aging population, rapid urbanization, and climate changes. Pulmonology lasers are used in chronic respiratory diseases for diagnostic bronchoscopy and therapeutic interventions such as treating airway obstructions or tumors. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, around 2.8 million Australians, constituting 11% of the population, were estimated to have asthma (chronic respiratory condition), with approximately 638,000 individuals, and around 2.5% of the population, living with chronic obstructive pulmonary disease (COPD). Chronic obstructive pulmonary disease (COPD) was a leading underlying cause of death, accounting for 4.0% of fatalities in Australia that year. Therefore, the surge in chronic respiratory diseases is driving the growth of the pulmonology laser market.

Major companies operating in the pulmonology laser market are focused on developing advanced technology, such as next-generation integrated laser technology, to advance diagnostic accuracy and therapeutic precision. Next-generation integrated laser technology refers to advanced systems that combine laser devices with sophisticated software and hardware innovations to enhance precision, efficiency, and therapeutic capabilities in medical applications. For instance, in September 2022, Lumibird Medical, a France-based ophthalmic and medical equipment manufacturing company, launched the Capsulo Nd: YAG laser, which provides medical professionals with enhanced precision, safety, and efficiency. This innovative device integrates advanced Nd laser technology with precision engineering, catering to various medical procedures. Engineered for versatility, it ensures precise tissue interaction while minimizing thermal damage, setting a new benchmark in laser technology for superior performance and improved patient outcomes.

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Major Key Players of the Market:

Cynosure Inc., Coherent Corp., Han's Laser Technology Industry Group, IPG Photonics Corporation, HÜBNER Photonics, Lumenis Ltd, Cutera Inc., Lumibird SA, Candela Corporation, Fotona LLC, Sciton Inc., Ellex Medical Pty Ltd, Spectra-Physics Inc., EKSPLA Co, Biolitec AG, Hironic Inc., Alma Lasers Ltd., Bestview Company, Photomedex Inc., Optotek Medical, Optogama UAB, Beijing Hoplaser Lead-Edge Laser Techno. Ltd, Beijing Sincoheren S & T Development Co Ltd, Fisioline Srl, Amada Miyachi

Pulmonology Lasers Market 2024 Key Insights:

• The pulmonology lasers market size is expected to see strong growth in the next few years. It will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Chronic Respiratory Diseases Propels Growth Of The Pulmonology Laser Market
• Technological Advancements Transforming Pulmonology Laser Market Growth
• North America was the largest region in the pulmonology lasers market in 2023

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